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Top 5 Chinese Stocks Bridgewater Associates is Selling

In this article, we discuss top 5 Chinese stocks Bridgewater Associates is selling. If you want to read our detailed discussion on the US China war and rise of China, head directly to Ray Dalio on Potential US China War and Rise of China.

5. Chindata Group Holdings Limited (NASDAQ:CD)

Number of Hedge Fund Holders: 22

Chindata Group Holdings Limited (NASDAQ:CD) is a company that provides hyperscale data center solutions in Asia-Pacific emerging markets, such as China, India, and Southeast Asia. It offers various services to its clients, such as colocation, managed, energy, infrastructure, and IT and network services. It has a client base of leading technology companies in different industries.

Bridgewater Associates dropped Chindata Group Holdings Limited (NASDAQ:CD) in the second quarter of 2023 after holding it since the second quarter of 2021. Insider Monkey’s database of hedge funds shows that 22 hedge funds had stakes in Chindata Group Holdings Limited (NASDAQ:CD) during the second quarter of 2023.

4. Zai Lab Limited (NASDAQ:ZLAB

Number of Hedge Fund Holders: 23

Zai Lab Limited (NASDAQ:ZLAB) is a company that develops and sells drugs for cancer and other diseases. Bridgewater Associates picked up Zai Lab Limited (NASDAQ:ZLAB) in the second quarter of 2020, buying 63,837 shares worth $5.24 million at the time. However, the fund turned around and slashed the stake by 6%, dumping 8055 shares in Q2 2023.

Out of the 910 hedge funds tracked by Insider Monkey, 23 hedge funds had stakes in Zai Lab Limited (NASDAQ:ZLAB) at the end of Q2 2023.

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3. Li Auto Inc. (NASDAQ:LI)

Number of Hedge Fund Holders: 25

Li Auto Inc. (NASDAQ:LI) is a company that makes smart electric vehicles in China. Bridgewater Associates has decreased its stake in the company by 92% in the past few months, and the holding now represents 0.01% of the investment portfolio of the hedge fund.

As of the end of the second quarter of 2023, 25 hedge funds had stakes in Li Auto Inc. (NASDAQ:LI), up from 22 in the preceding quarter.

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2. New Oriental Education & Technology Group Inc. (NYSE:EDU)

Number of Hedge Fund Holders: 26

New Oriental Education & Technology Group Inc. (NYSE:EDU) is a Chinese provider of private education for students of all ages and needs, such as language, test prep, online, overseas, and publishing.

Bridgewater Associates had trimmed its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 96% at the end of June compared to the holding at the end of the first quarter of 2023. The fund, at the end of the second quarter of 2023, owned 36,368 shares in the company worth over $1.44 million.

After digging through 910 hedge funds for their June quarter of 2023 investments, Insider Monkey discovered that 26 had held a stake in New Oriental Education & Technology Group Inc. (NYSE:EDU).

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1. KE Holdings Inc. (NYSE:BEKE)

Number of Hedge Fund Holders: 36

KE Holdings Inc. (NYSE:BEKE) is a Chinese platform for housing transactions and services. It offers four segments: Existing Home, New Home, Home Renovation and Furnishing, and Emerging and Other Services. Insider Monkey’s database of hedge funds shows that 36 hedge funds had stakes in KE Holdings Inc. (NYSE:BEKE) during the second quarter of 2023.

Bridgewater Associates owned 1.56 million shares of BEKE worth about $23.09 million in Q2 2023 but reduced its position by 27%. BEKE is still one of the fund’s top Chinese stocks.

Artisan Partners made the following comment about KE Holdings Inc. (NYSE:BEKE) in its second quarter 2023 investor letter:

“Bottom contributors to performance for the quarter included real estate platform KE Holdings Inc. (NYSE:BEKE). Beike fell due to weaker industry property sales in China in April following the release of strong pent-up demand in Q1, despite accelerating revenue and very modest cost growth.”

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Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get  the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on 11 Best Airline Stocks to Invest In Right Now and 16 Best Places to Live in Upstate New York for Families.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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We alerted our subscribers, and BTI returned 90% in just 16 months.

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Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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