How Hedge Fund Manager Robert Karr Was Preparing for 2013: Google Inc (GOOG), Yum! Brands, Inc. (YUM), SINA Corp (SINA)

Wall Street’s average price target on Yum indicates that a 2-3% upside is still expected from current levels, but that’s still not much to hang your hat on. The key bullish thesis behind Yum is its above-average exposure to China; this could boost growth more than most pundits expect over the long, long term, and is likely something Karr is optimistic about.

SINA Corp (NYSE:SINA) is last on our list, and 19 of the hedge funds we track held positions in the Chinese online media company last quarter. When we rank this group of funds in terms of the percentage that each manager’s portfolio was allocated to Sina—in effect, gauging “commitment level,”— Karr and Joho Capital come out on top. With nearly 8% of their portfolio allocated to the stock, this trumps even the likes of Brian Kelly, who has a similarly bullish sentiment on certain Chinese equities. Up already 8.8% year-to-date, investors looking for a momentum play can consider Sina, as the Street expects EPS to grow by 23-24% a year through at least 2017.

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