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Zenit Asset Management Ab's Top Buys in Q2 2015

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Jul 21, 2015
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At the end of the second quarter of 2015, the hedge fund Zenit Asset Management Ab reported a total value of its portfolio of $647.56 million, with an increase of 7.46% since the previous quarter.

During the Q2 2015, the hedge fund bought 13 new stocks and increased 12 stakes, and the following are the most heavily-weighted US companies it bought.


It bought 907,500 shares of Alibaba Group Holding Ltd. (BABA) with an impact of 11.53% on its portfolio. The Company is engaged in online and mobile commerce through products, services and technology that enable businesses to operate efficiently and extend their reach to sell to consumers and businesses in the People's Republic of China (the "PRC" or "China") and internationally.

The stock is trading with a P/E(ttm) ratio of 52.17, while other companies in the Global Specialty Retail industry have an average P/E(ttm) ratio of 22.00. The price of the stock has dropped by 12% during the last 12 months and is now -31.11% from its 52-week high and +8.48% from its 52-week low.

The stock has positive returns (ROA +11.74% and ROE +24.40%) that are outperforming 87% of other companies in the same sector. Earnings per share of the company grew by 70.40% over the last 12 months, revenue grew by 67.10% and EBITDA by 50.60%

The main hedge fund holding shares of the company is

Frank Sands (Trades, Portfolio) with 0.79% of outstanding shares, followed by the hedge fund of Jeremy Grantham (Trades, Portfolio) with 0.54% of shares outstanding of BABA and Andreas Halvorsen (Trades, Portfolio) who holds 0.28%.


It bought 357,800 shares of Mobileye NV (MBLY) with an impact of 2.94% on its portfolio. The Company is engaged in the design and development of software and related technologies for camera-based Advanced Driver Assistance Systems. Its technology keeps passengers safer on the roads, reduces the risks of traffic accidents. Its proprietary software algorithms and EyeQ chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Its products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items, as well as to identify and read traffic signs and traffic lights.

The stock is trading with a forward P/E ratio of 86.96, while other companies in the Global Software - Application industry have an average forward P/E ratio of 19.76. The price of the stock has risen by 65% during the last 12 months and is now -1.12% from its 52-week high and +96.24% from its 52-week low.

The stock has almost null returns (ROA -0.11% and ROE -0.18%) that are underperforming the 65% of other companies in the same sector. During the last 12 months, revenue of the company dropped by 46.30%, while EBITDA grew by 60% and Book Value grew by 162%.

The main hedge fund holding shares of the company is

Ron Baron (Trades, Portfolio) with 0.60% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.15% of shares outstanding of MBLY, and Leon Cooperman (Trades, Portfolio) who holds 0.07%.


It bought 450,000 shares of JD.Com Inc. (JD) with an impact of 2.37% on its portfolio. The Company is an online direct sales company in China. It provides consumers an online retail experience. Through its website www.jd.com and mobile applications, it offers a various authentic products. It also offers convenient online and in-person payment options and comprehensive after-sales services.

The stock is trading with a very high forward P/E ratio of 126.58, while other companies in the Global Internet Content & Information industry have an average forward P/E ratio of 23.81. The price of the stock has risen by 23% during the last 12 months and is now -7.74% from its 52-week high and +60.97% from its 52-week low.

The stock has negative returns (ROA -3.57% and ROE -27.75%) that are underperforming the 67% of other companies in the same sector.

The main hedge fund holding shares of the company is the one of

Steve Mandel (Trades, Portfolio) with 2.82% of outstanding shares, followed by Chase Coleman (Trades, Portfolio) with 1.53% of shares outstanding and Louis Moore Bacon (Trades, Portfolio) who holds 0.16%.

Other buys:

The hedge fund even increased its stakes of 12 companies, and the most heavily weighted are as follow: Google Inc (GOOG) by 123%, Yahoo Inc (YHOO) by 10%, Santander Consumer Usa Holdings Inc (SC) by 8%, MGIC Investment Corp (MTG) by 15% and Citigroup Inc (C) by 26%.

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