Billionaire Lei Zhang’s Favorite North American Companies

Moving on to Hillhouse Capital Management’s next favored North American company, Cameco Corporation (USA)(NYSE:CCJ). Here too the fund didn’t made any changes to its stake during the second quarter, owning over 1.0 million shares of the company. As of June 30, this stake was worth almost $14.65 million. Cameco Corporation (USA)(NYSE:CCJ) is one of the largest uranium exploration and trading firms in the world. The slump in uranium prices in 2011 following the nuclear disaster in Japan took a big toll on the company’s stock, which hasn’t been able to recover since and currently trades near its 4-year low. Japan starting its first nuclear reactor since the Fukushima disaster earlier this month is seen by many as a big positive for the company. On August 6, analysts at Cowen and Company reiterated their ‘Market Perform’ rating on the stock, while reducing their price target to $17 rom $19, which still represents 26% upside to where the stock currently trades at. Legendary investor George Soros of Soros Fund Management increased his stake in Cameco Corporation (USA)(NYSE:CCJ) by 45% to almost 3.7 million shares during the April-June period.

Mobileiron Inc (NASDAQ:MOBL) was Hillhouse Capital’s third-largest holding in a North American company as of June 30. The fund continued to own slightly above 1.1 million shares of the company, the stake being worth over $6.5 million.  Shares of the enterprise mobile security company saw a massive slump in April when it reduced its guidance and announced that its CFO Todd Ford would be leaving the company. Since then the shares have continued to drift lower and are now down by 60% year-to-date. Mobileiron Inc (NASDAQ:MOBL) reported an earnings and revenue beat for the second quarter on July 30. While the Street was expecting it to report an EPS loss of $0.27 on revenue of $33.68 million, the company declared an EPS loss of $0.25 on revenue of $34.80 million. On August 3, analysts at Imperial Capital reiterated their ‘Outperform’ rating on the stock, but lowered their price target to $8 from $9 , which represents a potential 100% upside to the stock’s current market price. After Hillhouse Capital, Leon Shaulov‘s Maplelane Capital was the second-largest shareholder of Mobileiron Inc (NASDAQ:MOBL) among the hedge funds we cover, owning 761,000 shares.

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