In China Mobile Ltd. (ADR) (NYSE:CHL), Cavalry Asset Management raised its stake by 31% and by 10% in the second and third quarters respectively. In this way, the fund disclosed a $4.64 million position containing 75,449 shares as of the end of September. Meanwhile, the stock gained 7.9% during the second quarter. The number of funds from our database long China Mobile declined by 8% to 23 during the second quarter. The largest stake in China Mobile Ltd. (ADR) (NYSE:CHL) was held by Renaissance Technologies, which reported holding $106.4 million worth of stock as of the end of June. It was followed by Arrowstreet Capital with a $83.4 million position. Other investors bullish on the company included Indus Capital, Ariel Investments, and Canyon Capital Advisors.
On the other hand, Cavalry decided to unload its entire stake in Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) during the third quarter, selling 83,181 shares it had reported as of the end of June. The position was closed as the company’s shares rose by 8.7% during the July-September period. There were 21 funds tracked by Insider Monkey bullish on Silicon Motion Technology at the end of June, unchanged over the quarter. Among these funds, Columbus Circle Investors held the most valuable stake in Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO), which was worth $36.6 million at the end of the second quarter. On the second spot was Cardinal Capital, which amassed $26.9 million worth of shares. Moreover, Driehaus Capital, Arrowstreet Capital, and Polar Capital were also bullish on Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO).