Hillhouse Capital’s Q3 Returns Lifted by SINA Corp (SINA), JD.Com Inc (JD), More

Hillhouse Capital Management upped its position in 58.com Inc (ADR) (NYSE:WUBA) by 179% during the second quarter, ending the period with a total of about 3.72 million shares worth $170.60 million. In the following three months, the stock inched up by 3.9% during the third quarter. At the end of June, there were 29 funds tracked by us that held shares of 58.com, down by two over the quarter. The largest stake in 58.com Inc (ADR) (NYSE:WUBA) was held by Hillhouse Capital Management, which was followed by OZ Management with a $166.5 million position. Other investors bullish on the company included Viking Global, Emerging Sovereign Group, and Serenity Capital.

Hillhouse Capital added SINA Corp (NASDAQ:SINA) as a new position to its portfolio in the second quarter, as the fund bought about 1.42 million shares of the company, which had a total value of $73.66 million at the end of June. The stock surged by 42.3% during the third quarter. At the end of the second quarter, a total of 21 investors followed by Insider Monkey were bullish on this stock, up by 40% from the end of the first quarter. Platinum Asset Management was the largest shareholder of SINA Corp (NASDAQ:SINA), with a stake worth $270.3 million reported as of the end of June. Aristeia Capital, Eton Park Capital, and Two Sigma Advisors also held valuable positions in the company.

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