Sunedison Inc (SUNE), Alibaba Group Holding Ltd (BABA), Baidu Inc (ADR) (BIDU): Indus Capital Bets on Chinese Tech Stocks

In Baidu Inc (ADR) (NASDAQ:BIDU), Indus revealed a $35.34 million position that contains around 155,000 shares. The same as with other holdings, the fund trimmed its position by roughly 88,800 shares during the third quarter. The stock of the Chinese Internet search provider has had a strong performance in the last half of 2014, advancing by around 26%. Meanwhile, Indus, after adding Baidu Inc (ADR) (NASDAQ:BIDU) to its portfolio during the second quarter of 2014, has boosted its stake by a 450% during the third quarter. The former boss of Indus’ founders George Soros has also raised his exposure to Baidu Inc (ADR) (NASDAQ:BIDU) during the second quarter and held 327,500 shares at the end of September.

With a stake valued at $34.40 million, Indus held 4.66 million shares of SouFun Holdings Ltd (NYSE:SFUN) at the end of December, down from 4.96 million shares held previously. SouFun Holdings Ltd (NYSE:SFUN) is another company in which Indus initiated a stake during the second quarter of last year. On the other hand, while Indus cut its stake in SouFun Holdings Ltd (NYSE:SFUN) during the fourth quarter, Jim Simons’ Renaissance Technologies initiated a stake with 141,800 shares.

HDFC Bank Limited (ADR) (NYSE:HDB) is the fifth-largest position in terms of value in Indus’ equity portfolio. The fund disclosed ownership of 480,500 shares, valued at $24.39 million; the stake was trimmed by 10% during the quarter. HDFC Bank Limited (ADR) (NYSE:HDB) is an India-based banking holding company, whose stock has had a strong growth over the last year, gaining around 80%. Another shareholder of the HDFC Bank Limited (ADR) (NYSE:HDB) Bank is Ken Fisher’s Fisher Asset Management, which reported 5.43 million shares in its latest 13F filing.

Disclosure: none