Emerging Sovereign Top Picks: Anheuser Busch Inbev SA (ADR) (BUD), Vipshop Holdings Ltd. – ADR (VIPS) & Others

In the current round of 13F filings, hedge funds and other institutional investors are disclosing their equity portfolios as held at the end of the last year. In its latest 13F, J. Kevin Kenny, Jr.’s Emerging Sovereign Group revealed its equity portfolio held at the end of the fourth quarter of 2013. The fund disclosed an equity portfolio worth $2.45 billion.

In this piece, we will take a quick look of the top five holdings in which the fund holds the largest long positions in terms of value. The first one is Anheuser Busch Inbev SA (ADR) (NYSE:BUD) in which the fund owned 2.38 million shares, with a reported value of $253.44 million. Emerging Sovereign has been bullish on the company and raised the stake by over 600,000 shares during the last quarter of the year. Anheuser Busch Inbev SA (ADR) (NYSE:BUD) is producer and distributor of a portfolio of over 200 beer brands.

Second on the list is Vipshop Holdings Ltd. – ADR (NYSE:VIPS), a new position in which the fund disclosed a $132.21 million stake, which amasses 1.58 million shares. Vipshop Holdings Ltd. – ADR (NYSE:VIPS) is engaged in online business. The company sells branded products to its customers in China.

The third position is held by Credicorp Ltd. (USA) (NYSE:BAP), in which Emerging Sovereign Group holds 978,571 shares, worth $129.89 million. Credicorp Ltd. (USA) (NYSE:BAP) is a financial services holding. The company is mainly involved in banking, insurance, pension funds and brokerage services.

Colfax Corp. (NYSE:CFX) is the fourth holding in which the fund owns over 2.01 million shares, with a reported value of $128.11 million. Colfax Corp. (NYSE:CFX) is a multi-platform diversified industrial company serving hundreds of global industries.

In Cognizant Technology Solutions Corp. (NASDAQ:CTSH), the fund disclosed a $127.03 million stake, which amasses 1.26 million shares. During the October-December period Emerging Sovereign dumped around 1.06 million shares of the company. Cognizant Technology Solutions Corp. (NASDAQ:CTSH) is a provider of information technology, consulting, and business process outsourcing services.

Disclosure: none

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