Recently, Jinglin Asset Management Hong Kong Limited (referred to as "Jinglin Hong Kong Company"), an overseas subsidiary of the billion dollar private equity giant Jinglin Asset Management, submitted its US stock holdings data to the US Securities and Exchange Commission (SEC) as of the end of the second quarter of 2024. The total market value of its holdings was $3.795 billion, an increase of 17.6% from $3.226 billion at the end of the first quarter of this year.
Specifically, in the second quarter of this year, TSMC, Pinduoduo, and Manbang Group were among Jinglin's top three holdings. Among them, Pinduoduo increased its holdings by 1.5723 million shares, with an increase ratio of over 43%, and repurchased it as the largest holding stock; Added 1.1649 million shares of TSMC, with a 75% increase in holdings, making it the third largest heavy holding stock; The increase in holdings of Manbang Group reached 73%. Jinglin also increased its holdings of NetEase in the second quarter, with a growth rate of over 48%; New Oriental Education, Futu Holdings, Alibaba, Ctrip Group and other Chinese concept stocks also received increased holdings. In addition, Jinglin established a position in Apple in the second quarter, buying 165600 shares.
In the second quarter, Jinglin significantly reduced its holdings of artificial intelligence related targets such as Nvidia. Among them, reducing its holdings in Meta, the parent company of Facebook, which was originally the largest holding, has lowered it to the second largest holding; Reduce holdings of 774700 shares in Nvidia, with a reduction ratio of over 40%; Clearance of AMD Semiconductor.