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After Dominating the Market in Q1, Here Are Billionaire Fang Zheng’s Top Picks for Q2

YY Inc (ADR) (NASDAQ:YY) did not enjoy the same strong first quarter as its aforementioned compatriots. Shares of the Chinese online social platform, which engages users in a variety of group activities, declined by 12.46% during the quarter. The stock has made up those losses in April however, thanks in part to Chinese government stimulus measures which have bolstered the sentiment of many Chinese stocks. Zheng increased his position in YY Inc (ADR) (NASDAQ:YY) by 87% during the first quarter to 169,400 shares valued at $9.24 million. Despite being well down from its 2014 high of over $90, shares are still up by more than 450% since its late 2012 U.S IPO. Philippe Laffont’s Coatue Management held the largest position in YY Inc (ADR) (NASDAQ:YY) entering 2015, among the funds we track.

Zheng was one of three fund managers to open a new position in Noah Holdings Limited (ADR) (NYSE:NOAH) during the fourth quarter, which increased fund ownership in the Chinese financial services company to six from four. After a solid first quarter in which it returned 11.87%, Noah Holdings Limited (ADR) (NYSE:NOAH) exploded like many other Chinese stocks in April, gaining over 46% during the month. While Zheng decreased his holding in Noah by 20% during the first quarter, he still maintained 349,533 shares valued at $8.17 million. With the stock’s big April, it has now jumped close to the top of Zheng’s portfolio. Billionaire Ken Griffin has a small position of just under 50,000 shares of Noah Holdings Limited (ADR) (NYSE:NOAH).

Lastly we come to Alibaba Group Holding Ltd (NYSE:BABA), formerly Zheng’s third choice, now down to sixth after he decreased the position by 68% during the first quarter, and shares of Alibaba also tumbled by nearly 20%. Zheng held 32,153 shares of the Chinese e-commerce giant, which were valued at $2.68 million. Alibaba Group Holding Ltd (NYSE:BABA) has not had the same strong April as many other Chinese stocks, dipping slightly during the month as investors cautiously await its May 7 earnings report. There are worries that Alibaba Group Holding Ltd (NYSE:BABA) will again miss estimates, with stricter rules against fake merchandise on the company’s Tmall platform likely to negatively affect sales. That would be bad news for Alibaba bulls like billionaires Dan Loeb and Rob Citrone. Other analysts however feel the stock is hovering around its short-term bottom and that it could appreciate by as much as 30% by the end of 2015.

Disclosure: None

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