Matthews Pacific Tiger Fund recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Under normal circumstances, the Matthews Pacific Tiger Fund (Trades, Portfolio) seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in Asia Ex Japan. The fund's inception date is September 1994.
As of the latest 13F report, the guru’s equity portfolio contained 59 stocks valued at a total of $4.38Bil. The top holdings were 2330(6.25%), ICICIBANK(3.74%), and 005930(3.38%).
According to GuruFocus data, these were Matthews Pacific Tiger Fund (Trades, Portfolio)’s top five trades of the quarter.
JD.com Inc
The guru sold out of their 895,800-share investment in NAS:JD. Previously, the stock had a 1.09% weight in the equity portfolio. Shares traded for an average price of $59.23 during the quarter.
On 11/02/2022, JD.com Inc traded for a price of $38.44 per share and a market cap of $60.02Bil. The stock has returned -53.41% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, JD.com Inc has a price-book ratio of 2.00, a EV-to-Ebitda ratio of -59.13 and a price-sales ratio of 0.44.
The price-to-GF Value ratio is 0.34, earning the stock a GF Value rank of 4.
Pinduoduo Inc
The guru established a new position worth 735,000 shares in NAS:PDD, giving the stock a 1.05% weight in the equity portfolio. Shares traded for an average price of $58.13 during the quarter.
On 11/02/2022, Pinduoduo Inc traded for a price of $53.89 per share and a market cap of $68.14Bil. The stock has returned -42.35% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Pinduoduo Inc has a price-earnings ratio of 25.30, a price-book ratio of 5.02, a EV-to-Ebitda ratio of 14.68 and a price-sales ratio of 4.76.
The price-to-GF Value ratio is 0.38, earning the stock a GF Value rank of 4.
JD.com Inc
During the quarter, Matthews Pacific Tiger Fund (Trades, Portfolio) bought 1,791,600 shares of HKSE:09618 for a total holding of 3,469,907. The trade had a 1.03% impact on the equity portfolio. During the quarter, the stock traded for an average price of HK$232.77.
On 11/02/2022, JD.com Inc traded for a price of HK$157.3 per share and a market cap of HK$62.59Bil. The stock has returned -47.05% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, JD.com Inc has a price-book ratio of 2.18, a EV-to-Ebitda ratio of -59.13 and a price-sales ratio of 0.48.
The price-to-GF Value ratio is 0.34, earning the stock a GF Value rank of 8.
Tencent Holdings Ltd
Matthews Pacific Tiger Fund (Trades, Portfolio) reduced their investment in HKSE:00700 by 800,000 shares. The trade had a 0.69% impact on the equity portfolio. During the quarter, the stock traded for an average price of HK$312.68.
On 11/02/2022, Tencent Holdings Ltd traded for a price of HK$227.4 per share and a market cap of HK$277.47Bil. The stock has returned -49.76% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Tencent Holdings Ltd has a price-earnings ratio of 9.94, a price-book ratio of 2.46, a price-earnings-to-growth (PEG) ratio of 0.29, a EV-to-Ebitda ratio of 8.14 and a price-sales ratio of 3.16.
The price-to-GF Value ratio is 0.40, earning the stock a GF Value rank of 8.
KE Holdings Inc
The guru established a new position worth 1,625,000 shares in NYSE:BEKE, giving the stock a 0.65% weight in the equity portfolio. Shares traded for an average price of $16.19 during the quarter.
On 11/02/2022, KE Holdings Inc traded for a price of $10.61 per share and a market cap of $13.29Bil. The stock has returned -46.03% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 2 out of 10.
In terms of valuation, KE Holdings Inc has a price-book ratio of 1.35, a EV-to-Ebitda ratio of -15.21 and a price-sales ratio of 1.32.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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