Coreview Capital Management Ltd 13F annual report

Coreview Capital Management Ltd is an investment fund managing more than $713 billion ran by Loretta Lam. There are currently 8 companies in Mrs. Lam’s portfolio. The largest investments include PDD Inc and Trip.com Ltd, together worth $405 billion.

$713 billion Assets Under Management (AUM)

As of 7th May 2024, Coreview Capital Management Ltd’s top holding is 1,962,451 shares of PDD Inc currently worth over $228 billion and making up 32.0% of the portfolio value. Relative to the number of outstanding shares of PDD Inc, Coreview Capital Management Ltd owns more than approximately 0.1% of the company. In addition, the fund holds 4,037,166 shares of Trip.com Ltd worth $177 billion, whose value grew 51.5% in the past six months. The third-largest holding is KE worth $139 billion and the next is Baidu Inc worth $113 billion, with 1,070,165 shares owned.

Currently, Coreview Capital Management Ltd's portfolio is worth at least $713 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Coreview Capital Management Ltd

The Coreview Capital Management Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Loretta Lam serves as the Chief Operating Officer at Coreview Capital Management Ltd.

Recent trades

In the most recent 13F filing, Coreview Capital Management Ltd revealed that it had opened a new position in Berkshire Hathaway and bought 9 shares worth $3.79 million. This means they effectively own approximately 0.1% of the company. Berkshire Hathaway makes up 100.0% of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in PDD Inc by buying 517,509 additional shares. This makes their stake in PDD Inc total 1,962,451 shares worth $228 billion. PDD Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Coreview Capital Management Ltd is getting rid of from its portfolio. Coreview Capital Management Ltd closed its position in Li Auto on 14th May 2024. It sold the previously owned 1,092,094 shares for $38.3 billion. Loretta Lam also disclosed a decreased stake in KE by 0.4%. This leaves the value of the investment at $139 billion and 10,089,667 shares.

One of the average hedge funds

The two most similar investment funds to Coreview Capital Management Ltd are Stanley-laman and Keeley-teton Advisors. They manage $713 billion and $712 billion respectively.

Loretta Lam investment strategy

Coreview Capital Management Ltd’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 61.2% of the total portfolio value. The fund focuses on investments in the China as 75.0% of the portfolio companies are based in the China.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 75% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $138 billion.

The complete list of Coreview Capital Management Ltd trades based on 13F SEC filings

These positions were updated on May 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
PDD Holdings Inc	35.82% 1,962,451	$228,134,929,000	32.00%
Trip.com Group Ltd	68.13% 4,037,166	$177,191,216,000	24.85%
KE Holdings Inc.	37.06% 10,089,667	$138,531,128,000	19.43%
Baidu Inc	24.22% 1,070,165	$112,666,971,000	15.80%
Li Auto Inc.	Closed 1,092,094	$38,332,499,000
NetEase Inc	Closed 326,407	$31,560,293,000
JD.com Inc	64.43% 1,118,500	$30,635,715,000	4.30%
Kanzhun Limited	0.73% 1,159,857	$20,332,293,000	2.85%
Amazon.com Inc.	Closed 75,800	$9,881,288,000
Hello Group Inc	No change 875,154	$5,434,706,000	0.76%
iQIYI Inc	Closed 358,228	$1,912,938,000
Berkshire Hathaway Inc.	Opened 9	$3,785,000	0.00%
No transactions found
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