Analyzing Flowering Tree's Q2-Q3 2020 13F Holdings Comparison: Decreased Holdings in Three Companies

Flowering Tree Investment Management Pte. Ltd. is a Singapore-based investment management firm that operates through various investment vehicles. It manages assets for individual and institutional investors, in addition to offering investment advisory services for mutual funds, hedge funds, and private equity funds. In this article, we'll take a look at the changes in holdings of this fund for Q2 2020 and Q3 2020 as outlined in their 13F Holdings Comparison.

Let's start by defining what a 13F filing is. A 13F filing is a quarterly report filed by institutional investment managers with at least $100 million in assets under management. These reports contain information on the investment holdings of the manager during the quarter, including the issuer name, option type, number of shares owned, and value.

According to the Q2 2020 vs. Q3 2020 13F Holdings Comparison, Flowering Tree Investment Management Pte. Ltd. made some changes in their holdings during this period. They decreased their holdings in three companies: TAL Education Group-ADR Equity ADR, Baozun Inc, and Vipshop Holdings Ltd. Let's take a closer look at these changes.

First, let's consider the company TAL Education Group-ADR Equity ADR. The fund's Q2 2020 holdings in this company were 354,545 shares valued at $24,244,000. By Q3 2020, Flowering Tree had decreased their holdings by 12.6% to 278,578 shares valued at $21,183,000. This suggests that the fund was not as confident in TAL Education Group as they were in the previous quarter.

Next, let's look at Baozun Inc. In Q2 2020, the fund held 594,986 shares of Baozun Inc with a value of $22,877,000. However, by Q3 2020, the number of shares held had decreased to 571,616, and the value of the shares had dropped significantly to $18,572,000. This represents a decrease of 18.8% in the number of shares held and suggests that the fund was not as bullish on Baozun Inc as they were in the previous quarter.

Lastly, let's examine Vipshop Holdings Ltd. In Q2 2020, Flowering Tree held 1,454,393 shares of Vipshop Holdings Ltd valued at $28,957,000. However, by Q3 2020, this number had decreased to 1,117,430 shares valued at $17,477,000, representing a decrease of 39.6% in the number of shares held. This significant reduction in holdings suggests that the fund was bearish on Vipshop Holdings Ltd during this period.

It's worth noting that Flowering Tree Investment Management Pte. Ltd. increased their holdings in multiple other companies during this period. However, for the purpose of this article, we have focused solely on the three companies they decreased their holdings in.

In conclusion, the quarterly 13F filings of Flowering Tree Investment Management Pte. Ltd. provide valuable insights into the firm's investment strategy and holdings. By examining their Q2 2020 vs. Q3 2020 13F Holdings Comparison, we can see that the fund made some strategic decisions to decrease their holdings in TAL Education Group-ADR Equity ADR, Baozun Inc, and Vipshop Holdings Ltd. While we cannot say for certain why the fund made these changes, we can see that they were not as confident in these companies during Q3 2020 as they were in Q2 2020.