BRILLIANCE ASSET MANAGEMENT Ltd Buys IPG Photonics Corp, Momo Inc, Baozun Inc, Sells Qualcomm Inc, TAL Education Group, Alibaba Group Holding

• New Purchases: IPGP, MOMO, BZUN,
• Added Positions: LRCX,
• Reduced Positions: TAL,
• Sold Out: QCOM, BABA, CAJ, WB,

For the details of BRILLIANCE ASSET MANAGEMENT Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=BRILLIANCE+ASSET+MANAGEMENT+Ltd

1. New Oriental Education & Technology Group Inc (EDU) - 1,339,086 shares, 47.24% of the total portfolio. Shares added by 0.06%
2. IPG Photonics Corp (IPGP) - 219,344 shares, 15.93% of the total portfolio. New Position
3. Momo Inc (MOMO) - 777,845 shares, 14.39% of the total portfolio. New Position
4. Lam Research Corp (LRCX) - 133,491 shares, 9.45% of the total portfolio. Shares added by 58.11%
5. TAL Education Group (TAL) - 923,400 shares, 9.42% of the total portfolio. Shares reduced by 52.49%

BRILLIANCE ASSET MANAGEMENT Ltd initiated holdings in IPG Photonics Corp. The purchase prices were between $117.17 and $148.03, with an estimated average price of $133.86. The stock is now traded at around $170.93. The impact to the portfolio due to this purchase was 15.93%. The holdings were 219,344 shares as of 2017-06-30.

BRILLIANCE ASSET MANAGEMENT Ltd initiated holdings in Momo Inc. The purchase prices were between $32.89 and $43.82, with an estimated average price of $38.29. The stock is now traded at around $35.93. The impact to the portfolio due to this purchase was 14.39%. The holdings were 777,845 shares as of 2017-06-30.

BRILLIANCE ASSET MANAGEMENT Ltd initiated holdings in Baozun Inc. The purchase prices were between $14.6 and $23.43, with an estimated average price of $18.85. The stock is now traded at around $26.72. The impact to the portfolio due to this purchase was 3.56%. The holdings were 320,775 shares as of 2017-06-30.

BRILLIANCE ASSET MANAGEMENT Ltd added to the holdings in Lam Research Corp by 58.11%. The purchase prices were between $125.17 and $164.97, with an estimated average price of $146.42. The stock is now traded at around $164.30. The impact to the portfolio due to this purchase was 3.47%. The holdings were 133,491 shares as of 2017-06-30.

BRILLIANCE ASSET MANAGEMENT Ltd sold out the holdings in Qualcomm Inc. The sale prices were between $52.5 and $59.28, with an estimated average price of $55.9.

BRILLIANCE ASSET MANAGEMENT Ltd sold out the holdings in Alibaba Group Holding Ltd. The sale prices were between $107.44 and $143.95, with an estimated average price of $123.05.

BRILLIANCE ASSET MANAGEMENT Ltd sold out the holdings in Canon Inc. The sale prices were between $30.8 and $35.82, with an estimated average price of $33.55.

BRILLIANCE ASSET MANAGEMENT Ltd sold out the holdings in Weibo Corp. The sale prices were between $49.72 and $80.75, with an estimated average price of $64.66.

BRILLIANCE ASSET MANAGEMENT Ltd reduced to the holdings in TAL Education Group by 52.49%. The sale prices were between $17.03 and $22.08, with an estimated average price of $19.59. The stock is now traded at around $30.18. The impact to the portfolio due to this sale was -9.2%. BRILLIANCE ASSET MANAGEMENT Ltd still held 923,400 shares as of 2017-06-30.