NetEase
NTES
411 hedge funds and large institutions have $17.3B invested in NetEase in 2018 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 157 increasing their positions, 153 reducing their positions, and 67 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 153
1% less ownership
Funds ownership: 10.32% → 9.33% (-1%)
8% less funds holding
Funds holding: 447 → 411 (-36)
27% less capital invested
Capital invested by funds: $23.5B → $17.3B (-$6.25B)
31% less funds holding in top 10
Funds holding in top 10: 36 → 25 (-11)
38% less call options, than puts
Call options by funds: $655M | Put options by funds: $1.06B
49% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 67
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$599M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$130M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$112M |
| 4 |
BlackRock
New York
|
+$106M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$96.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
-$469M |
| 2 |
Renaissance Technologies
New York
|
-$344M |
| 3 |
SC
Sculptor Capital
New York
|
-$344M |
| 4 |
Viking Global Investors
Stamford,
Connecticut
|
-$265M |
| 5 |
Lazard Asset Management
New York
|
-$195M |
NTES Hedge Fund Activity: Q1 2018 in Review
411 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in NetEase (NTES) for Q1 2018, worth a combined $17.3B — down 27% from $23.5B a quarter earlier.
Sellers outnumbered buyers: 67 funds closed out of NTES and 34 opened new positions — a net loss of 33 holders — while 153 trimmed existing stakes and 157 added.
The largest buyer was Orbis Allan Gray, adding an estimated $599M. The largest seller was HSBC Holdings, cutting an estimated $469M.
- 411 institutional investors held NetEase (NTES) as of Q1 2018, down from 447 in Q4 2017.
- Funds reported $17.3B of NetEase stock for Q1 2018, down 27% quarter-over-quarter.
- 34 funds opened new NetEase positions in Q1 2018 and 67 closed out, a net change of -33 holders.
- The largest NetEase buyer in Q1 2018 was Orbis Allan Gray, an estimated $599M added.
- The largest NetEase seller in Q1 2018 was HSBC Holdings, an estimated $469M sold.
Based on aggregated 13F filings for Q1 2018.