On the early morning of November 15th, with the deadline for the disclosure of US stock holdings document 13F approaching, the latest holdings of global investment giants such as "Sister Wood" and Soros emerged. From the data, the "Wooden Sister" who is bullish on Tesla is still selling Tesla. At the same time, MSCI, a globally renowned index company, announced the results of its November audit changes.
"Wood Sister" Sells Tesla
Casey Wood, also known as the 'Wooden Sister', once bullish on Tesla. Her ARK investment raised Tesla's target stock price for 2027 to $2000 per share this year, an increase of about 10 times its current value.
However, the latest US stock holdings document 13F by ARK Investment shows that although it is bullish, "Wood Sister" is still selling Tesla. According to market value, Tesla was the stock that ARK Investment reduced its holdings the most in the third quarter, selling 760000 shares and reducing its position by 16%. As of the end of the reporting period, ARK Investment's holdings in Tesla had decreased to 4.08 million shares, with a market value of $1 billion. Although it is still the top heavy holding stock of the "Wood Sister" US stock market, its market value of holdings in Tesla in ARK investment has dropped from 8.39% in the middle of this year to 7.81%.
In an interview with the media this week, "Wood Sister" explained the reason for selling Tesla. She stated that when Tesla's stock price rises relative to other holdings, it will reduce its holdings and allocate them to other companies. This reduction is also partly due to Musk's macroeconomic concerns expressed during the recent Tesla earnings conference call.
She added that as long as ARK's judgment on "autonomous taxis" is correct, Tesla shares will always be among the fund's top five holdings. ARK Investment previously expressed the view that the currently struggling robot taxi industry will generate approximately $10 trillion in revenue by 2030, with Tesla leading the market.
In addition to Tesla, "Wood Sister" made a significant reduction in its heavy holdings of technology stocks in the third quarter: selling off the Bitcoin Exchange Coinbase, streaming platform Roku, e-commerce company Shopify, and sports betting company DraftKings, which are currently in litigation. At the same time, we have purchased many cutting-edge technology companies, including Roblox, known as the first stock of the metaverse, Archer Aviation, a global big data leader Palantir, and Pacific Biosciences, a third-generation sequencing technology development company.
In addition, Soros Fund, a subsidiary of the "financial giant" Soros, bought 3 million shares of Activision Blizzard in the third quarter, making it the third-largest heavyweight American stock. At the same time, it significantly increased its holdings in the Nasdaq 100ETF Invesco (QQ), British life science product manufacturer Abcam PLC, Novo Nordisk, Russell 2000 ETF iShares (IWM), and reduced its holdings in bond indices ETF iShares iBoxx investment grade corporate bonds (LQD) and S&P 500 ETF SPDR (SPY).
Increase position in concept stocks
Since June this year, many Chinese concept stocks have rebounded. Taking Pinduoduo as an example, as of November 14th, its stock price has accumulated an increase of over 58%. There are investment giants targeting opportunities for Chinese concept stocks in the third quarter. According to the US stock holdings report 13F of Baiji Investment, based on market value, the largest increase in Baiji Investment's holdings during the third quarter was targeted at Pinduoduo, buying 4.5 million shares of the company, with a month on month increase of 14.44%. This is the second consecutive quarter that Baiji Investment has increased its holdings in Pinduoduo, which has also become its seventh largest heavy holdings in the US stock market. At the end of the period, it held a stock market value of nearly $3.5 billion.
In addition, other stocks that have increased their holdings include Singapore Housing Development Authority, Comfort Systems USA, Southeast Asia's "Little Tencent" Sea, and Oddity Tech, a beauty technology company. Stocks with significant holdings include Illumina, Shopify, Moderna, Dekang Medical, Netflix, and others.
IQiyi has received an increase in holdings from international investment institutions under the domestic private equity firm Gaoyi Asset, which is worth hundreds of billions. According to Gaoyi Asset International's third quarter US stock holdings report 13F, during the reporting period, Gaoyi Asset International increased its holdings by nearly 7.03 million shares, with a month on month increase of 878.65%, making it the most bought US stock by Gaoyi Asset International in the third quarter. At the end of the period, its stock market value reached 37.11 million US dollars. During the same period, Gaoyi Asset International also bought nearly 590000 shares of Alibaba, and Huazhu Group, TSMC, and Ctrip also received significant increases in their holdings. Pinduoduo was sold 570000 shares, with its position decreasing by nearly 30% compared to the previous month, but it remains the top heavy position stock in the US stock market of Gaoyi Asset International.
In addition, education stocks such as TAL and New Oriental have also been sold by Gaoyi Asset International. As of the end of the third quarter, the total market value of Gaoyi Asset International's holdings had increased to $386 million, with 5 new purchases of US stocks, an increase of 4 US stocks, and a decrease of 3 US stocks.
New adjustment of MSCI index
On the morning of November 15th Beijing time, the globally renowned index company MSCI announced the results of the November audit changes. In this adjustment, 19 new stocks were included in the MSCI China Index and 19 were excluded.
Specifically, the MSCI China Index has added 19 new targets, including China Guanghe Nuclear Corporation, which has a market value of over 100 billion yuan, as well as the "Men's Wardrobe" Hailan Home. In addition, targets such as Shengmei Shanghai, Huachen China, and Kaisai Biology have also been included in this project.
The MSCI China Index has excluded 19 stocks this time, including Beijing Capital Airport Co., Ltd., Conch Entrepreneurship, China Jinmao, and others.
The MSCI quarterly index adjustment will officially take effect after the close on November 30th. Therefore, being newly included in the MSCI China Index as an individual stock may usher in overseas passive index funds buying at the end of the day.
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