Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

QVT Financial is Bullish on China Zenix Auto International Ltd (ZX); Boosts the Stake to 6.7%

Daniel Gold‘s QVT Financial has significantly increased its stake in China Zenix Auto International Ltd (NYSE:ZX). According to a newly amended filing with the Securities and Exchange Commission, QVT boosted its holding to over 13.84 million ordinary shares (American Depositary Shares), from some 3.14 million held at the end of September, as reported in the fund’s latest 13F. The passive stake amasses 6.7% of stock.

China Zenix Auto International

Daniel Gold employs fundamental and quantitatively-oriented trading strategies to generate exception returns for his fund. QVT Financial is heavily focused on technology, healthcare, services and financial sectors. The value of the equity portfolio was around $1.47 billion at the end of the third quarter.

China Zenix Auto International Limited manufactures commercial vehicle wheels in China and supplies them to both original equipment manufacturers (OEMs) as well as in the secondary market. The company has five manufacturing locations spread across the People’s Republic of China and offers more than 230 varieties of wheels used in commercial vehicles.

Besides QVT Financial, Royce & Associates managed by Chuck Royce and Jim Simons’ Renaissance Technologies also hold substantial holdings in China Zenix Auto International Ltd (NYSE:ZX). Royce & Associates held 50,000 valued at $185,000 and Renaissance Technologies held 25,800 valued at $95,000 at the end of the third quarter.

Last week, QVT Financial disclosed initiating a passive holding in DHT Holdings Inc (NYSE:DHT). Its stake amasses 5.43% of the common stock and contains 2.1 million shares. Earlier in October, Daniel Gold’s fund increased its position in Oncothyreon Inc (USA) (NASDAQ:ONTY) to a total of 4.2 million shares, equal to 6.6% of the common stock, from 3.7 million held in September, when the fund initiated its exposure to the company.

Disclosure: none

Recommended Reading:

Mario Gabelli Increases Position in The Marcus Corporation (MCS)

Jeff Smith Initiates 5.6% Stake and Goes Activist on Darden Restaurants, Inc. (DRI)

Blue Ridge Capital Reveals New Passive Stake in PBF Energy Inc (PBF)

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!