Ray Dalio’s Top 5 China Stocks

In this article, we discuss Ray Dalio’s top 5 China stocks. If you want to read our detailed discussion on Dalio’s stance on China over the years, head directly to Ray Dalio’s China Stocks. 

5. Yum China Holdings, Inc. (NYSE:YUMC)

Number of Hedge Fund Holders: 35

Bridgewater Associates’ Stake Value: $34,897,590

Yum China Holdings, Inc. (NYSE:YUMC) owns, manages, and franchises restaurants in China. On May 2, Yum China Holdings, Inc. (NYSE:YUMC) reported Q1 GAAP earnings per share of $0.68 and a revenue of $2.91 billion, topping Wall Street estimates by $0.20 and $140 million, respectively. It is one of Ray Dalio’s top China stocks. 

Securities filings for the first quarter of 2023 reveal that Ray Dalio owned 550,522 shares of Yum China Holdings, Inc. (NYSE:YUMC) worth $34.8 million, representing 0.21% of the total portfolio. However, the billionaire slashed his stake in the company by 55% in the March quarter. 

According to Insider Monkey’s first quarter database, 35 hedge funds were long Yum China Holdings, Inc. (NYSE:YUMC), compared to 34 funds in the prior quarter. GuardCap Asset Management held the leading stake in the company, comprising 8.7 million shares worth $551 million. 

Here is what Cooper Investors specifically said about Yum China Holdings, Inc. (NYSE:YUMC) in its Q2 2022 investor letter:

“Yum China Holdings, Inc. (NYSE:YUMC) – With the world emerging after two years of COVID, the extreme Shanghai lockdowns caught the company and frankly us a little by surprise. While the proposition for domestic KFC roll-out remains intact Yum China has not behaved like a Stalwart this year.”