Should You Now Consider Liquidating Your Sea Limited (SE) Position?

Tao Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. A return of -4.82 percentage points was delivered by the fund for the fourth quarter of 2021, underperforming its benchmark, the MSCI All Country World Index which delivered +6.98 percentage points for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Tao Value, in its Q4 2021 investor letter, mentioned Sea Limited (NYSE:SE) and discussed its stance on the firm. Founded in 2006, Sea Limited (NYSE:SE) is a Tempe, Arizona-based global consumer internet company with a $63.7 billion market capitalization, and is currently spearheaded by its CEO, Forrest Li. Sea Limited (NYSE:SE) delivered a -48.94% return since the beginning of the year, while its 12-month returns are down by -47.27%. The stock closed at $114.23 per share on March 21, 2022.

Here is what Tao Value has to say about Sea Limited (NYSE:SE) in its Q4 2021 investor letter:

“On the detracting side, our largest detractor is Sea (ticker: SE), which dragged 392 bps, is caught in a big rotation out of high growth stocks starting from November. SE is among the core current holdings of “Mindful Compounder”, and appreciated 578% since initial purchases.”

Our calculations show that Sea Limited (NYSE:SE) ranks 16th on our list of the 30 Most Popular Stocks Among Hedge Funds. Sea Limited (NYSE:SE) was in 108 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 117 funds in the previous quarter. Sea Limited (NYSE:SE) delivered a -49.88% return in the past 3 months.

In February 2022, we published an article that includes Sea Limited (NYSE:SE) in the 10 Technology Stocks Hedge Funds Are Talking About. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.