LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares
LAIX
LAIX was delisted on the 7th of April, 2022.
8 hedge funds and large institutions have $28.9M invested in LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 5 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less funds holding
Funds holding: 9 → 8 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
54% less capital invested
Capital invested by funds: $62.3M → $28.9M (-$33.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Segantii Capital Management
Hong Kong
|
+$6.27M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$290K |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$234K |
| 4 |
VF
Virtu Financial
New York
|
+$205K |
| 5 |
Renaissance Technologies
New York
|
+$182K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maytus Capital Management
New York
|
-$1.1M |
| 2 |
Millennium Management
New York
|
-$139K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$39K |
| 4 |
Daiwa Securities Group
Tokyo,
Japan
|
-$24K |
| 5 |
BlackRock
New York
|
-$23K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TAA
1
TB Alternative Assets
Grand Cayman,
Cayman Islands
| $24.4M | – | – | – |
|
|
SCM
2
Segantii Capital Management
Hong Kong
| $3.44M | +$6.27M | +57,135 | New |
|
|
PCM
3
Penserra Capital Management
Orinda,
California
| $439K | +$290K | +2,644 | +57% |
|
|
4
Millennium Management
New York
| $352K | -$139K | -1,265 | -18% |
|
|
CS
5
Credit Suisse
Zurich,
Switzerland
| $129K | +$234K | +2,136 | New |
|
|
VF
6
Virtu Financial
New York
| $112K | +$205K | +1,865 | New |
|
|
7
Renaissance Technologies
New York
| $100K | +$182K | +1,657 | New |
|
8
Morgan Stanley
New York
| $6K | -$6.69K | -61 | -40% |
|
|
MCM
9
Maytus Capital Management
New York
| – | -$1.1M | -7,500 | Closed |
|
|
10
UBS Group
Zurich,
Switzerland
| – | -$39K | -268 | Closed |
|
|
11
Daiwa Securities Group
Tokyo,
Japan
| – | -$24K | -161 | Closed |
|
|
12
BlackRock
New York
| – | -$23K | -160 | Closed |
|
13
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$5K | -36 | Closed |
|
LAIX Hedge Fund Activity: Q3 2019 in Review
8 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares (LAIX) for Q3 2019, worth a combined $28.9M — down 54% from $62.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of LAIX and 4 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 1 added.
The largest buyer was Segantii Capital Management, opening a new position worth an estimated $6.27M. The largest seller was Maytus Capital Management, exiting entirely with an estimated $1.1M sold.
- 8 institutional investors held LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares (LAIX) as of Q3 2019, down from 9 in Q2 2019.
- Funds reported $28.9M of LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares stock for Q3 2019, down 54% quarter-over-quarter.
- 4 funds opened new LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares positions in Q3 2019 and 5 closed out, a net change of -1 holder.
- The largest LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares buyer in Q3 2019 was Segantii Capital Management, an estimated $6.27M added.
- The largest LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares seller in Q3 2019 was Maytus Capital Management, an estimated $1.1M sold.
Based on aggregated 13F filings for Q3 2019.