The ideal of clearance is ideal, the heavy position is 1.5 billion yuan to buy Ali, Gao Yan re -bet on the Internet?

The hardest time in China has passed.

On August 16, Hhlr Advisors, Hhlr Advisors, announced the latest US stock positioning data. According to its positioning data, as of the end of the second quarter of this year, HHLR's market value in US stocks held about 4.7 billion US dollars (about RMB 3.2 billion). Compared with A shares and Hong Kong stocks, the market value of U.S. stock positions was obviously smaller.

It is reported that HHLR holds a total of 64 stocks, which is basically the same as the first quarter.

According to its position changes, HHLR built Ali and Pinduoduo in the second quarter. The market value of the stock buying Ali was about $ 225 million (about RMB 1.5 billion). It is worth noting that after the establishment of Ali this time, Ali jumped into HHLR's eighth largest heavy warehouse. Not only that, HHLR also bought 12 stocks including Amazon, Microsoft, and Naifei.

According to the stock judgment it bought, HHLR should be more optimistic about the rebound of technology Internet companies. In addition, HHLR also increased 8 stocks such as shells, DOORDASH, and Great brand new energy. Among them, large new energy sources also became its tenth largest heavy stock.

After the changes in the position, the top five positions were Baiji Shenzhou, JD.com, Salesforce, "Doordash and Sea LTD, which were basically mainly medicine and the Internet.

According to its positioning distribution, the market value of about $ 3 billion in China stocks accounts for about 64%of its positions.

Then, in addition to increasing the holdings of the above stocks, HHLR also reduced its holdings of 9 stocks including iQiyi, on Ang, and Manbang. The most exaggerated is that it cleared the ideal car.

In fact, for the ideal car, Gao Yan Capital was very optimistic before. When Qingcai Weilai Automobile, Gao Yan Capital bought the ideal car. But from the performance of the stock price in the third quarter, it seems that HHLR has made a pre -judgment in advance.

On August 15th, the ideal car announced the second quarter performance. The financial report showed that the revenue of 18.29 billion yuan in the first half of 2022 increased by 112.4%year -on -year; the battalion loss was 1.39 billion yuan, the year -on -year decrease of 47.5%; the net loss reached 641 million yuan Yuan, exceeding the market's previous expected net loss of 510 million yuan.

It is worth noting that the average loss loss of the ideal bicycle in 2021 was more than 10,000 yuan. By the first half of this year, its bicycle operating loss exceeded 23,000 yuan, and the ideal attributed the reason to rising costs and expenses. In fact, as a new car manufacturer, the newest forces of the car, this year, the stock price of the ideal Hong Kong stocks in the second quarter of this year reached 48.43%, and HHLR selected the second quarter to clear the warehouse, which seemed to be on the high point.

In the second quarter, Ali Ali was actually not too "cheap". According to statistics, Alibaba's stocks increased by 4.49%in the second quarter of this year, and the decline in the third quarter was close to 20%. That is to say, HHLR is still likely to float, but the addition of the Kuang Ali is not the choice of the Gaoma family. Investment institutions such as Lin, Bellaide, and other investment institutions also added Ali in the second quarter. Among them, Jinglin's assets increased by 936,000 shares of Ali, and as of the end of the second quarter, the market value of Ali held a market value of US $ 140 million.

In summary, after more than a year of decline, China stock stocks have fallen into the value range after more than a year. It is quite attractive, so I think that as China stocks continue to consolidate at a low level, there will be more and more institutions in the position.

At present, the market is still at the stage of emotional dominance, but it is foreseeable that the probability of Chinese stocks will not hover for too long in the trough.

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