Matthews Pacific Tiger Fund Amplifies Stake in Alibaba Group Holding Ltd

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Matthews Pacific Tiger Fund Amplifies Stake in Alibaba Group Holding Ltd

GuruFocus.com11-05

Insightful Portfolio Adjustments in Q3 2024 Highlight Strategic Asian Market Investments Matthews Pacific Tiger Fund (Trades, Portfolio), known for its strategic investments in Asian markets, recently...

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Matthews Pacific Tiger Fund , known for its strategic investments in Asian markets, recently disclosed its N-PORT filing for the third quarter of 2024. The fund primarily targets companies in Asia excluding Japan, focusing on long-term growth prospects. Since its inception in September 1994, Matthews Pacific Tiger Fund  has adhered to a bottom-up, fundamental investment philosophy, aiming to uncover undervalued companies with potential for substantial growth. The fund's approach is characterized by active management, a deep focus on Asia, rigorous bottom-up research, and a diverse range of Asia investment strategies.GuruFocus has detected 4 Warning Sign with TPE:2330.Trip.com Group Ltd  with 401,950 shares, making up 2.31% of the portfolio and valued at HK$24.18 million.China Resources Land Ltd  with 4,431,000 shares, accounting for 1.52% of the portfolio and valued at HK$15.94 million.As of the t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4527":"明星科技股","LU0455707207.USD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (USD) INC","BK4501":"段永平概念","09988":"阿里巴巴-W","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","L":"洛斯公司","BK4122":"互联网与直销零售","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4502":"阿里概念","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4504":"桥水持仓","LU0047713382.USD":"BGF EMERGING MARKETS \"A2\" ACC","BABA":"阿里巴巴","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU0633140560.USD":"AB EMERGING MARKET MULTI ASSET PORTFOLIO \"A\" (USD) ACC","LU0329678170.USD":"FIDELITY EMERGING ASIA \"A\" (USD) INC","MATW":"马修国际加工","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","LU0329678337.USD":"FIDELITY EMERGING ASIA \"A\" (USD)","LU0370786039.SGD":"Fidelity Greater China A-SGD","BK4137":"综合支持服务","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU1046421795.USD":"富达环球科技A-ACC","LU0633140727.USD":"AB EMERGING MARKETS MULTI ASSET PORTFOLIO \"AD\" (USD) INC","BK4554":"元宇宙及AR概念","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0651946864.USD":"贝莱德新兴市场股票收益A2","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","PDD":"拼多多","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU1051768304.USD":"贝莱德新兴市场股票收益A6","HBBD.SI":"Alibaba HK SDR 5to1","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","BK4587":"ChatGPT概念","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) INC","TSM":"台积电","BK4509":"腾讯概念","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","BK4220":"综合零售","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC"},"translate_title":"Matthews Pacific Tiger基金增持阿里巴巴-SW集团控股有限公司股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BABA":1,"09988":1,"MATW":1,"HBBD.SI":0.9,"TSM":0.7,"PDD":0.7,"L":0.6},"content_text":"Insightful Portfolio Adjustments in Q3 2024 Highlight Strategic Asian Market Investments\nMatthews Pacific Tiger Fund (Trades, Portfolio), known for its strategic investments in Asian markets, recently disclosed its N-PORT filing for the third quarter of 2024. The fund primarily targets companies in Asia excluding Japan, focusing on long-term growth prospects. Since its inception in September 1994, Matthews Pacific Tiger Fund (Trades, Portfolio) has adhered to a bottom-up, fundamental investment philosophy, aiming to uncover undervalued companies with potential for substantial growth. The fund's approach is characterized by active management, a deep focus on Asia, rigorous bottom-up research, and a diverse range of Asia investment strategies.\n\nWarning! GuruFocus has detected 4 Warning Sign with TPE:2330.\n\n\nNew Additions to the Portfolio\nDuring the third quarter of 2024, Matthews Pacific Tiger Fund (Trades, Portfolio) expanded its portfolio by adding 36 new stocks. Notable new acquisitions include:\n\nTrip.com Group Ltd (HKSE:09961) with 401,950 shares, making up 2.31% of the portfolio and valued at HK$24.18 million.\nHDFC Bank Ltd (NSE:HDFCBANK) with 950,363 shares, representing 1.87% of the portfolio, valued at ?19.57 million.\nChina Resources Land Ltd (HKSE:01109) with 4,431,000 shares, accounting for 1.52% of the portfolio and valued at HK$15.94 million.\n\nSignificant Increases in Existing Positions\nThe fund also significantly increased its holdings in several key stocks, including:\n\nAlibaba Group Holding Ltd (HKSE:09988), where an additional 2,476,900 shares were purchased, bringing the total to 4,339,300 shares. This move increased the portfolio impact by 3.15% and the total value to HK$57.66 million.\nPDD Holdings Inc (NASDAQ:PDD), with an additional 190,492 shares, bringing the total to 231,445 shares, valued at $31.20 million.\n\nComplete Exits from Certain Holdings\nIn the same quarter, Matthews Pacific Tiger Fund (Trades, Portfolio) exited its positions in 32 stocks, including:\n\nAxis Bank Ltd (BOM:532215), selling all 2,016,218 shares, impacting the portfolio by -2.74%.\nReliance Industries Ltd (NSE:RELIANCE), liquidating all 1,247,198 shares, resulting in a -2.09% portfolio impact.\n\nReductions in Key Holdings\nThe fund also reduced its stakes in several companies:\n\nTaiwan Semiconductor Manufacturing Co Ltd (TPE:2330) by 795,000 shares, decreasing shares by -18.28% and impacting the portfolio by -2.11%.\nSamsung Electronics Co Ltd (XKRX:005930) by 352,330 shares, a -37.31% reduction, impacting the portfolio by -1.86%.\n\nPortfolio Overview and Sector Allocation\nAs of the third quarter of 2024, Matthews Pacific Tiger Fund (Trades, Portfolio)'s portfolio comprised 77 stocks. The top holdings included 10.25% in Taiwan Semiconductor Manufacturing Co Ltd (TPE:2330), 5.55% in Tencent Holdings Ltd (HKSE:00700), and 5.51% in Alibaba Group Holding Ltd (HKSE:09988). The fund's investments are well-diversified across various sectors, reflecting a strategic approach to capturing growth across different industries in Asia.\n\n\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}