Leading investment management firm Hillhouse Capital Management, founded by billionaire Lei Zhang, invests in various asset classes with a long-term time horizon. The fund uses a fundamental bottom-up approach to stock selection and focuses its investments in the consumer, tech, and healthcare industries.
As of the latest 13F reporting period, Hillhouse Capital Management held a U.S. equity portfolio with positions valued at $3.97 billion, down from $4.58 billion at the end of the March. In this article, we’ll take a look at Hillhouse Capital Management’s five biggest purchases made during second quarter.
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Clearside Biomedical Inc (NASDAQ:CLSD)
– Shares Owned by Hillhouse Capital Management (as of June 30): 600,000
– Value of Hillhouse Capital Management’s Holding (as of June 30): $4.21 million
Hillhouse Capital Management added late-stage clinical biopharmaceutical company Clearside Biomedical Inc (NASDAQ:CLSD) to its portfolio during the second quarter, buying 600,000 shares of the company worth $4.21 million on June 30. Clearside Biomedical, which began trading on the NASDAQ on June 2, reported revenue of $5,000 and a net loss of $0.62 per share for the second quarter. The company recently announced positive results from its phase-2 clinical trial for TANZANITE in Macular Edema Associated with Retinal Vein Occlusion (RVO), as patients achieved better results, while fewer of them needed additional intravitreal Eylea treatments compared to a control group. Shares of Clearside Biomedical have dipped by 2.76% since the company’s IPO. A total of eight funds in our database opened long positions in Clearside Biomedical Inc (NASDAQ:CLSD) during the second quarter.
Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA)
– Shares Owned by Hillhouse Capital Management (as of June 30): 672,000
– Value of Hillhouse Capital Management’s Holding (as of June 30): $19.53 million
Hillhouse Capital Management added a new position in cable television and internet services company Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) during the second quarter, acquiring 672,000 shares worth $19.53 million. The company appointed Charlie Bracken as its new CFO after Bernie Dvorak announced his retirement as Co-CFO. The company is also adding KPMG Partner Jason Waldron as its Chief Accounting Officer, with his tenure beginning on October 1. A total of 51 funds in our database held shares of Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) at the end of June, with an aggregate value of $1.59 billion.
On the next page we’ll discuss the rest of Hillhouse’s major second quarter moves, which involved RenaissanceRe Holdings, SINA Corp, and 58.com Inc.