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Perseverance Asset Management International Buys Pinduoduo Inc, Weibo Corp, NetEase Inc, Sells Alibaba Group Holding, Baidu Inc, Tesla Inc

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May 14, 2020
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Investment company Perseverance Asset Management International (Current Portfolio) buys Pinduoduo Inc, Weibo Corp, NetEase Inc, ZTO Express (Cayman) Inc, TAL Education Group, sells Alibaba Group Holding, Baidu Inc, Tesla Inc, SINA Corp, JOYY Inc during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Perseverance Asset Management International. As of 2020Q1, Perseverance Asset Management International owns 16 stocks with a total value of $221 million. These are the details of the buys and sells.

For the details of Perseverance Asset Management International's stock buys and sells, go to https://www.gurufocus.com/guru/perseverance+asset+management+international/current-portfolio/portfolio

These are the top 5 holdings of Perseverance Asset Management International
  1. Alibaba Group Holding Ltd (BABA) - 228,647 shares, 20.12% of the total portfolio. Shares reduced by 36.94%
  2. Weibo Corp (WB) - 1,202,942 shares, 18.02% of the total portfolio. Shares added by 233.64%
  3. NetEase Inc (NTES) - 94,331 shares, 13.70% of the total portfolio. Shares added by 304.49%
  4. Pinduoduo Inc (PDD) - 795,604 shares, 12.97% of the total portfolio. New Position
  5. ZTO Express (Cayman) Inc (ZTO) - 1,080,439 shares, 12.95% of the total portfolio. Shares added by 83.98%
New Purchase: Pinduoduo Inc (PDD)

Perseverance Asset Management International initiated holding in Pinduoduo Inc. The purchase prices were between $31.77 and $41.23, with an estimated average price of $36.58. The stock is now traded at around $60.84. The impact to a portfolio due to this purchase was 12.97%. The holding were 795,604 shares as of .

New Purchase: Amazon.com Inc (AMZN)

Perseverance Asset Management International initiated holding in Amazon.com Inc. The purchase prices were between $1676.61 and $2170.22, with an estimated average price of $1936.38. The stock is now traded at around $2388.85. The impact to a portfolio due to this purchase was 0.44%. The holding were 500 shares as of .

Added: Weibo Corp (WB)

Perseverance Asset Management International added to a holding in Weibo Corp by 233.64%. The purchase prices were between $30.33 and $51.69, with an estimated average price of $42.51. The stock is now traded at around $34.55. The impact to a portfolio due to this purchase was 12.62%. The holding were 1,202,942 shares as of .

Added: NetEase Inc (NTES)

Perseverance Asset Management International added to a holding in NetEase Inc by 304.49%. The purchase prices were between $270.43 and $356.78, with an estimated average price of $329.24. The stock is now traded at around $372.03. The impact to a portfolio due to this purchase was 10.31%. The holding were 94,331 shares as of .

Added: ZTO Express (Cayman) Inc (ZTO)

Perseverance Asset Management International added to a holding in ZTO Express (Cayman) Inc by 83.98%. The purchase prices were between $21.72 and $27.7, with an estimated average price of $24.22. The stock is now traded at around $33.10. The impact to a portfolio due to this purchase was 5.91%. The holding were 1,080,439 shares as of .

Added: TAL Education Group (TAL)

Perseverance Asset Management International added to a holding in TAL Education Group by 166.60%. The purchase prices were between $46.68 and $59.47, with an estimated average price of $53.79. The stock is now traded at around $53.77. The impact to a portfolio due to this purchase was 4.73%. The holding were 314,278 shares as of .

Added: Bilibili Inc (BILI)

Perseverance Asset Management International added to a holding in Bilibili Inc by 106.43%. The purchase prices were between $18.62 and $28.69, with an estimated average price of $24.1. The stock is now traded at around $31.03. The impact to a portfolio due to this purchase was 4.32%. The holding were 790,635 shares as of .

Added: Albemarle Corp (ALB)

Perseverance Asset Management International added to a holding in Albemarle Corp by 806.32%. The purchase prices were between $50.9 and $94.31, with an estimated average price of $76.85. The stock is now traded at around $59.71. The impact to a portfolio due to this purchase was 2.56%. The holding were 112,964 shares as of .

Sold Out: JOYY Inc (YY)

Perseverance Asset Management International sold out a holding in JOYY Inc. The sale prices were between $42.01 and $66.83, with an estimated average price of $58.14.

Sold Out: iQIYI Inc (IQ)

Perseverance Asset Management International sold out a holding in iQIYI Inc. The sale prices were between $17.02 and $27.18, with an estimated average price of $22.53.



Here is the complete portfolio of Perseverance Asset Management International. Also check out:

1. Perseverance Asset Management International's Undervalued Stocks
2. Perseverance Asset Management International's Top Growth Companies, and
3. Perseverance Asset Management International's High Yield stocks
4. Stocks that Perseverance Asset Management International keeps buying
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