On February 14th local time, the three major US stock indexes collectively closed higher, recovering some of the losses from the previous trading day, with the Nasdaq rising more than 1%. Nvidia has become the third largest listed company in the US stock market by value.
The 13F report released on February 14th local time showed that Scion Asset Management, a subsidiary of "big bear" Michael Burry, increased its holdings of 25000 shares in Alibaba in the fourth quarter of last year, with a total holdings of 75000 shares and a market value of 5.81 million US dollars; Increase holdings of 75000 shares in JD.com, with a total holding of 200000 shares and a market value of 5.78 million US dollars. Alibaba and JD.com were also newly acquired targets by CPPIB, Canada's largest pension fund, in the fourth quarter of last year.
All three major US stock indices closed higher
On February 14th local time, all three major US stock indices closed higher. According to Wind data, as of the close, the Dow Jones Industrial Average rose 0.4%, the S&P 500 index rose 0.96%, and the Nasdaq rose 1.3%.
Popular Chinese concept stocks generally rose, with Shuhai Information up 515.07%, Jianan Technology up 31.79%, Zaiding Pharmaceutical up 9.36%, Shengmei Semiconductor up 7.62%, and iQiyi up 7.03%. Zhonggai New Energy Vehicle stocks rose across the board, with NIO Automobile up 5.19%, Xiaopeng Automobile up 5.39%, and Ideal Automobile up 1%.
On the previous trading day, the January inflation data in the United States exceeded expectations, shattering market hopes that the Federal Reserve would soon switch to interest rate cuts. Investors currently anticipate that the Federal Reserve will not cut interest rates earlier than June this year, and may even start cutting rates in the second half of the year, compared to previous expectations of starting interest rate cuts as early as March.
CFRA Chief Investment Strategist Sam Stovall said, "Based on various data, the market is in an overbought state, but has not yet entered the oversold camp. There may still be some correction in the market in the short term, but it will definitely not fall more than 10%."
NVIDIA Becomes the Third Largest Listed Company in US Stock Market Value
On February 14th local time, Nvidia's stock price closed up nearly 2.5%, setting a new historical high with a market value of approximately $1.83 trillion. After surpassing Amazon in market value, it once again surpassed Google's parent company Alphabet, becoming the third largest listed company in the US stock market.
Alibaba gains "big bears" to increase holdings to the top heavy position
The 13F report released on February 14th local time showed that Michael Burry's hedge fund Scion Asset Management LLC further increased its holdings in Alibaba and JD.com in the fourth quarter of last year.
In the fourth quarter of 2023, Scion Asset Management Company increased its holdings of 25000 shares in Alibaba, with a total holdings of 75000 shares and a market value of 5.81 million US dollars; Increase holdings of 75000 shares in JD.com, with a total holdings of 200000 shares and a market value of 5.78 million US dollars. As of the end of the fourth quarter of 2023, Alibaba was Scion's largest position disclosed, accounting for 6.1% of its assets, and JD was the second largest.
Scion's heavy holdings also include HCA Healthcare, Oracle, and Citigroup. Scion built positions in the fourth quarter and took long positions in Oracle, Citigroup, Google's parent company Alphabet, cleared positions in Stellantis, and reduced its holdings in Booking and other stocks.
Coincidentally, another 13F document disclosed on the same day showed that Alibaba became a new target for CPPIB, Canada's largest pension fund, to be bought in the fourth quarter of last year. CPPIB acquired 3.6 million shares of Alibaba in the fourth quarter ending December 31 last year, with a market value of 279 million US dollars.
In the fourth quarter of 2023, CPPIB also purchased 1.7 million shares of Ideal Automobile with a market value of 63.6 million US dollars; Newly purchased 1.33 million shares of JD.com with a market value of 38.3 million US dollars; Newly purchased 291000 shares of NetEase with a market value of 27.1 million US dollars.
On February 14th, Alibaba's stock price rose 2.5%, while JD.com rose over 4.5%, both performing better than the US stock market.
Qiaoshui Jiacang Lilly, NVIDIA
On February 14th local time, well-known hedge fund Bridgewater submitted its US stock holdings report (13F) as of the end of the fourth quarter of last year to the Securities and Exchange Commission (SEC). According to the document, as of December 31, 2023, Qiaoshui's overall US stock holdings were $17.864 billion, an increase from the previous quarter's $16.545 billion.
According to Whalewisdom, a 13F data platform, Qiaoshui increased its holdings of 260 targets, added 87 new targets, decreased its holdings of 385 targets, and cleared 85 targets in the fourth quarter of last year. In terms of overweight operations, the top five buying stocks of Bridgewater in the fourth quarter of last year were Eli Lilly, NVIDIA, Brazil ETF iShares, Visa, and Forward Insurance. Among them, the positions of Lilly and NVIDIA have both increased by more than four times.