Ray Dalio Stock Portfolio Q3 2022: Top 5 Small-Cap Stocks

3. 360 DigiTech, Inc. (NASDAQ:QFIN)

Number of Hedge Fund Holders: 7

Bridgewater Associates’ Stake Value: $13,509,000

360 DigiTech, Inc. (NASDAQ:QFIN) is a Shanghai-based company that operates a financial technology platform under the 360 Jietiao brand in the People’s Republic of China. Ray Dalio boosted his stake in 360 DigiTech, Inc. (NASDAQ:QFIN) by 138% in the third quarter of 2022, with 1.05 million shares worth $13.50 million. 360 DigiTech, Inc. (NASDAQ:QFIN) is one of the top small-cap stocks in the Bridgewater portfolio. 

On November 14, 360 DigiTech, Inc. (NASDAQ:QFIN) declared a $0.16 per average diluted share quarterly dividend, an 11.1% decrease from its prior dividend of $0.18. The dividend is payable on January 18, 2023 to shareholders of record on December 12. 360 DigiTech, Inc. (NASDAQ:QFIN)’s dividend yield on November 15 came in at 4.72%. 

China Renaissance analyst Cindy Wang on September 29 assumed coverage of 360 DigiTech, Inc. (NASDAQ:QFIN) with a Buy rating and a $20.80 price target. The analyst said the prolonged regulatory overhang on China online lenders will likely end by mid-2023. She called 360 DigiTech, Inc. (NASDAQ:QFIN) her top buy.

According to Insider Monkey’s data, 360 DigiTech, Inc. (NASDAQ:QFIN) was part of 7 hedge fund portfolios at the end of the second quarter of 2022, compared to 10 in the prior quarter. Richard Li’s OLP Capital is the leading position holder in the company, with 4.7 million shares worth $82.3 million.