According to the Aggregated Portfolio of Gurus, a Premium feature of GuruFocus, five Asian stocks that Chase Coleman (Trades, Portfolio)’s Tiger Global Management and Philippe Laffont (Trades, Portfolio)’s Coatue Asset Management both own are DiDi Global Inc. (DIDI, Financial), JD.com Inc. (JD, Financial), Sea Ltd. (SE, Financial), Kanzhun Ltd. (BZ, Financial) and Xpeng Inc. (XPEV, Financial).
Both Coleman and Laffont are known as “tiger cubs,” having worked for Julian Robertson (Trades, Portfolio)’s Tiger Management. Coleman established his New York-based firm in 2001, specializing in small-caps and technology stocks. Tiger Global seeks long-term capitalization by investing in high-quality companies that benefit from strong secular growth trends and have strong management teams.
As of Sept. 30, Tiger Global’s $52.06 billion equity portfolio contains 161 stocks, with 23 new positions and a quarterly turnover ratio of 7%. The top three sectors in terms of weight are technology, consumer cyclical and communication services, represening 50.18%, 19.92% and 19.57% of the equity portfolio.
Likewise, Laffont founded Coatue in 1999. The firm also focuses primarily on the technology sector; additionally, Coatue applies a top-down, fundamental analysis approach to stock investing.
As of Sept. 30, Coatue’s $24.58 billion equity portfolio contains 77 stocks, with 14 new positions and a quarterly turnover ratio of 15%. The top three sectors in terms of weight are technology, communication services and consumer cyclical with representations of 32.30%, 31.15% and 13.91%.
DiDi
Tiger Global and Coatue have a combined weight of 1.26% in DiDi Global (DIDI, Financial).
On Friday, shares of the Chinese rideshare company tanked more than 20% on the back of the company announcing “immediate” plans to delist from the New York Stock Exchange and pursue a listing in Hong Kong amid regulatory woes in China.
GuruFocus ranks DiDi’s financial strength 5 out of 10 on the back of cash-to-debt and debt-to-equity ratios outperforming just around half of global competitors.
Other gurus hoping for better news regarding DiDi include George Soros (Trades, Portfolio)’ Soros Fund Management and Ray Dalio (Trades, Portfolio)’s Bridgewater Associates.
JD.com
Tiger Global and Coatue have a combined weight of 9.49% in JD.com (JD, Financial).
Shares of JD.com averaged $73.86 during the third quarter; the stock is fairly valued based on Friday’s price-to-GF Value ratio of 1.02.
GuruFocus ranks the Chinese e-commerce company’s financial strength 7 out of 10 on the back of a strong Altman Z-score of 4.41 and a cash-to-debt ratio that outperforms 83% of global competitors despite interest coverage ratios underperforming more than 65% of global retail companies.
Other gurus with holdings in JD.com include Chris Davis (Trades, Portfolio)’ Davis Select Advisors and Dodge & Cox.
Sea
Tiger Global and Coatue have a combined weight of 9.24% in Sea (SE, Financial).
Shares of Sea averaged $307.05 during the third quarter; the stock is fairly valued based on Friday’s price-to-GF Value ratio of 1.07.
GuruFocus ranks the Singapore-based interactive media company’s financial strength 5 out of 10 on the back of cash-to-debt ratios underperforming over 63% of global competitors despite the company having a high Piotroski F-score of 7 and a strong Altman Z-score of 8.35.
Kanzhun
Tiger Global and Coatue have a combined weight of 3.38% in Kanzhun (BZ, Financial). Shares averaged $35.41 during the third quarter.
GuruFocus ranks the Chinese recruitment service company’s financial strength 7 out of 10 on several positive investing signs, which include a double-digit Altman Z-score and cash-to-debt and debt-to-equity ratios that outperform more than 85% of global competitors.
Xpeng
Tiger Global and Coatue have a combined weight of 1.43% in Xpeng (XPEV, Financial). Shares averaged $39.76 during the third quarter.
GuruFocus ranks the Chinese electric vehicle manufacturer’s financial strength 6 out of 10 on the back of a strong Altman Z-score of 9.46 and debt ratios that are outperforming more than 85% of global competitors.
