Alibaba Group Holding Ltd (BABA), Bitauto Hldg Ltd (BITA), Infosys Ltd ADR (INFY): Horseman Capital Management’s New Picks

As of the fourth quarter, Horseman Capital Management also has a stake of 30,600 shares of Bitauto Hldg Ltd (NYSE:BITA) stock, following a purchase valued at around $2.15 million. The $2.69 billion market cap technology firm generates Internet content and marketing services for the automotive industry in China.  Its advertising services include new automobile pricing and promotional information, specifications, reviews, and consumer feedback to dealers and automakers. Furthermore, the company provides customer relationship management applications and Web-based integrated digital marketing to Chinese car dealers. Shares of Bitauto Hldg Ltd (NYSE:BITA) has plummeted as of late, largely due to the reported slowdown in automobile sales in China. The reduced share prices however, generated an interesting opportunity for those looking to buy stock for a more convenient price. Bitauto is also backed by Chase Coleman and Feroz Dewan’s Tiger Global Management LLC, which holds a position of 6.56 million shares, accounting for 6.78% of the fund’s equity portfolio.

The last new position acquired by Horseman Capital Management we would like to discuss here is Infosys Ltd ADR (NYSE:INFY). The fund purchased 32,000 shares of the company last quarter, which according to the 13F Form were valued at around $1 million at the time of the acquisition. Infosys is a $39.19 billion market cap firm specialized in providing business consulting, technology, engineering, and outsourcing services worldwide. The India-based IT company’s solutions include application development and maintenance, independent validation services, infrastructure management, business process management, and systems integration services among others. Apart from Horseman Capital Management, which has taken a bullish stance towards Infosys Ltd ADR (NYSE:INFY) with its latest purchase, the company has the backing of Ken Fisher’s Fisher Asset Management. The investment firm disclosed ownership of 2.94 million shares by the end of the third quarter, which would equate to 5.8 million shares following the 2:1 split of December 8^th 2014.

Disclosure: Pablo Erbar holds no position in any stocks or funds mentioned.