Zeal Asset Management Holdings: Q4 2022 vs. Q1 2023

Zeal Asset Management is a hedge fund that files a 13F form with the SEC to disclose its holdings every quarter. The fund manages around $5.5 billion in assets, and it's known for its focus on technology investments. In this blog post, we'll take a look at the changes in the fund's holdings between Q4 2022 and Q1 2023.

Beigene Ltd: No Change

In Q4 2022 and Q1 2023, Zeal Asset Management held 139,904 shares of Beigene Ltd, a biotechnology company that develops cancer treatments. The market value of the shares plummeted from $31,088 to $30 during this time period, resulting in a percentage change of -99.9%. This indicates that the fund's investment in Beigene Ltd did not yield any significant gains.

Zai Lab Ltd: Decrease in Shares and Value

Zai Lab Ltd is a biopharmaceutical company that focuses on discovering and developing treatments for cancer and autoimmune diseases. In Q4 2022, Zeal Asset Management held 409,574 shares of Zai Lab Ltd, worth $12,680,000. However, in Q1 2023, the fund reduced its holdings to 304,820 shares, worth only $10,000. This indicates a percentage change of -99.9%.

Li Auto Inc: Increase in Shares

Li Auto Inc is a Chinese electric vehicle manufacturer that designs and develops smart electric vehicles. In Q4 2022, Zeal Asset Management did not hold any shares of Li Auto Inc. However, in Q1 2023, the fund acquired 106,231 shares of the company, valued at $2,000. This indicates that the fund has shown an interest in the electric vehicle market.

Microsoft Corp: Complete Sell-off

In Q4 2022, Zeal Asset Management held 10,238 shares of Microsoft Corp, worth $2,438,000. However, in Q1 2023, the fund sold off its entire stake in the company. This indicates a percentage change of -100%. This move may have been made due to the fund's investment strategy or market conditions.

Conclusion

In conclusion, Zeal Asset Management made some changes to its holdings between Q4 2022 and Q1 2023. While the fund did not make any gains in Beigene Ltd, it reduced its holdings in Zai Lab Ltd and sold off its stake in Microsoft Corp. On the other hand, the fund demonstrated a new interest in the electric vehicle market by investing in Li Auto Inc. Investors can use this information to inform their investment strategies and portfolio allocations.