#3. JD.Com Inc (ADR) (NASDAQ:JD)
– Shares Owned by Kylin Management as of December 31: 3.68Million
– Value of Holding as of December 31: $118.98 Million
JD.Com Inc (ADR) (NASDAQ:JD) also kept the same spot in Kylin’s 13F as at the end of the third quarter, even though the fund trimmed its position by 30% over the fourth quarter, while the stock gained 23.8%. However, year-to-date the shares have fallen more than 20%. Another shareholder betting on JD.Com is Tiger Global Management, which doubled its exposure to the company to 119.23 million shares, as disclosed in a recent filing. The Chinese online direct sales company will report its fourth quarter financial results before the market opens on Tuesday, and analysts are expecting a net loss of $0.02 per share, below the profit of $0.01 per share the company delivered a year ago. Revenue, on the other hand, is expected to surge by more than 45% year-over-year to $8.15 billion.
#2. Interactive Brokers Group, Inc. (NASDAQ:IBKR)
– Shares Owned by Kylin Management as of December 31: 5.18 Million
– Value of Holding as of December 31: $225.85 Million
The second place in Kylin’s portfolio is represented by Interactive Brokers Group, Inc. (NASDAQ:IBKR) and the 5.18 million shares makes it the largest shareholder among institutional investors in our database, trailed by other funds like Quincy Lee’s Ancient Art (Teton Capital), which last declared holding 3.21 million shares. The company started trading ex-dividend on February 26, and will pay a cash dividend $0.10 per share to all shareholders who acquired the stock prior to this date, on March 14. The $0.10 per share dividend implies a 1.16% dividend yield for the stock.
#1. Vipshop Holdings Ltd – ADR (NYSE:VIPS)
– Shares Owned by Kylin Management as of December 31: 18.96 Million
– Value of Holding as of December 31: $289.59 Million
Finally, there’s Vipshop Holdings Ltd – ADR (NYSE:VIPS), which has been the fund’s top pick for eight consecutive quarters. Over the October-December period, the firm increased its exposure by 7%, taking its holding to almost 19 million shares. Once again, Tiger Global Management also seems bullish on the company, as it last declared holding 49.5 million shares of its stock. Last Wednesday, the company posted earnings of RMB 1.18 per share ($0.18), beating the Street’s consensus estimate, while revenue of RMB 13.9 billion ($2.12 billion), was up by 64.7% year-over-year, also came in RMB 1.6 billion ahead of expectations.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.