Hot Chinese Stocks: SouFun Holdings Limited (SFUN), JD.Com Inc (JD), Vipshop Holdings Ltd (VIPS)

How are hedge funds trading SouFun Holdings Limited (ADR) (NYSE:SFUN), JD.Com Inc (ADR) (NASDAQ:JD) and Vipshop Holdings Ltd – ADR (NYSE:VIPS)?

More hedge funds tracked by Insider Monkey were long on SouFun Holdings Limited (ADR) (NYSE:SFUN) at the end of the first quarter of 2015 than at the start of it, as 31 held long positions in this stock by the end of the period, up by 29% from the start. Those who were long on the stock, however, reduced their collective holdings by 37.17%, to $284.97 million by March 31 from $453.58 million on December 31, which is significant considering the stock declined just 18.81% in the first quarter. Kerr Neilson‘s Platinum Asset Management held the most SouFun shares by the end of the first quarter among the funds we track, 13.06 million of them, worth close to $78.4 million.

It’s a different story for JD.com, however, as hedge funds increased their collective holdings by 75.88% to $8.23 billion by the end of the first quarter from $4.68 billion at the end of the last quarter of 2014. The stock jumped only 26.97% in the first three months of 2015. A total of 68 of the hedge funds tracked by Insider Monkey were also long in this stock, up 113% from three months earlier. Hillhouse Capital Management, led by Lei Zhang, holds the largest position in JD.Com Inc (ADR) (NASDAQ:JD) in our database, as it had a $4.21 billion position of 143.4 million shares at the end of the first quarter.

Vipshop Holdings Ltd – ADR (NYSE:VIPS) is similar to JD.com in that more hedge funds we track had long positions in it by the end of the first quarter. In fact, there were 48 hedge funds that had positions, a 2% increase from the end of the fourth quarter of 2014. Considering that the stock rocketed up by 50.67% in the first quarter, the 49.11% increase in the value of their total holdings to $3.22 billion represented a slight decrease in overall share ownership. According to our data, Tiger Global Management headed by Chase Coleman had the largest stake in Vipshop on March 31, as the fund held 15.95 million shares worth about $469.6 million.

Disclosure: None