Kora Management unloaded 13% of the Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) shares in its portfolio in the quarter ended June 30. Heading into the third quarter, the fund had a total of 558,480 shares of the company, which had a total value of $23.01 million. The stake performed in-line with the overall returns of the fund’s aforementioned seven picks, as the stock delivered some 13% gains in the September quarter. Kora was one of the few hedge funds that bought into CTRP in Q3, as it was in 43 hedge funds’ portfolios at the end of June, down from 67 at the end of the previous quarter. Among the funds that were still bullish, Fisher Asset Management held the most valuable stake in Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP), which was worth $410.1 million at the end of the second quarter. On the second spot was Hillhouse Capital Management which amassed $333.4 million worth of shares. Moreover, Viking Global, Tourbillon Capital Partners, and OZ Management were also bullish on Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP).
There were 538,175 Liberty Global PLC LiLAC Class A (NASDAQ:LILA) shares in Kora Management’s portfolio at the end of June, which shows that the fund sold 35% of its stake in the company during the second quarter, leaving a $17.36 million stake in the company. The stock disappointed Kora Management and other investors with a loss of 14.5% during the third quarter. At the end of the second quarter, a total of 51 of the hedge funds tracked by Insider Monkey were long this stock, a 113% jump from the previous quarter. The largest stake in Liberty Global PLC LiLAC Class A (NASDAQ:LILA) was held by Berkshire Hathaway, which reported holding $87.6 million worth of stock at the end of June. It was followed by Coatue Management with a $25.7 million position. Other investors bullish on the company included Marianas Fund Management and Glenview Capital.