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Yy Inc. (YY): Billionaire Daniel S. Och’s OZ Management Acquires Nearly 38 Million Shares

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According to a recent 13G filing with the Securities and Exchange Commission, billionaire Daniel S. Och‘s OZ Management owns 39.51 million Class A common shares of Yy Inc. (NASDAQ:YY), which amass 5.4% of the company’s outstanding stock. This represents a huge increase to the fund’s stake, as it previously held only 72,883 ADSs, as per its 13F filing for the end of June, which amount to 1.46 million shares (1 ADS is equivalent to 20 Class A common shares).

YY Inc. is a Chinese online social entertainment platform with more than 300 million users, who enjoy a variety of online group activities. Since the beginning of the year, the company’s stock has lost 21.69%. For the second quarter of 2016, the company reported basic earnings per ADS of RMB6.10 ($0.92) and revenue of RMB1.98 billion ($298 million), compared to basic earnings per ADS of RMB5.23 and revenue of RMB1.36 billion for the same period of the previous year.

Och-Ziff Capital Management

According to our hedge fund database, 18 investors in our system reported long positions in Yy Inc. (NASDAQ:YY) as of the end of June, down by one from the end of the previous quarter. Among the bullish investors were Israel Englander’s Milliennuim Management, which held a position worth almost $5.8 million, Ken Griffin’s Citadel Investment Group, with a position worth around $358,000, Lee Ainslie’s Maverick Capital, and Brian Taylor’s Pine River Capital Management.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
OZ Management 0 39,513,300 0 39,513,300 39,513,300 5.4%
Och-Ziff Holding Corporation 0 39,513,300 0 39,513,300 39,513,300 5.4%
Och-Ziff Capital Management Group 0 39,513,300 0 39,513,300 39,513,300 5.4%
Daniel S. Och 0 39,513,300 0 39,513,300 39,513,300 5.4%

Daniel S. Och
Daniel S. Och
OZ Management

Page 1 of 10 – SEC Filing

SECURITIES AND EXCHANGE
COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

(Rule 13d-102)

 

 

INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO 13d-2

(Amendment No.     )*

 

 

YY Inc.

(Name of Issuer)

 

 

 

American Depositary Shares (ADS), each ADS represents twenty Class A common
shares,

(Class A Common Shares, US$0.00001 par value per share)

(Title of Class of Securities)

98426T106

(CUSIP Number)

September 1, 2016

(Date of Event Which Requires Filing of this Statement)

 

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of
the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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