Tiger Pacific Capital's Q3 to Q4 2022 13F Holdings: Top Gainers and Losers

Tiger Pacific Capital LP, a well-established investment management firm, recently released its third quarter and fourth quarter 13F holdings. The 13F filing shows the changes in holdings of funds managed by Tiger Pacific Capital for the period between Q3 and Q4 2022. We analyzed the data to identify the top gainers and losers from the period and what it could mean for investors.

ZTO Express Cayman Inc

ZTO Express Cayman Inc remained a top holding of Tiger Pacific Capital, increasing its holdings by 18.7%. The company offers express delivery services and has benefited from the growth in e-commerce in China.

Baidu Inc

Tiger Pacific Capital added Baidu Inc to its portfolio during the period, with holdings of 507,263 shares worth $58,020,000. Baidu Inc is a search engine giant in China and has been actively expanding its revenue sources to stay ahead of competitors.

360 DigiTech Inc

360 DigiTech Inc was another top gainer in Tiger Pacific Capital's portfolio, increasing its holdings by 97.1%. The company is a leading digital consumer finance platform in China and has benefited from the rise in demand for online financial services.

Ke Holdings Inc

Ke Holdings Inc was a loser during the period, with Tiger Pacific Capital reducing its holdings, resulting in a -19.7% change. Ke Holdings Inc is an online real estate services platform that saw its stock declining, reflecting the Chinese government's regulatory actions in the real estate sector.

Tal Education Group

Tal Education Group incurred a major decline, with Tiger Pacific Capital reducing its holdings by 37.5%. The company provides after-school education services for K-12 students. The regulatory tightening in China's private education sector negatively impacted Tal Education Group's stock.

Coupang Inc

Tiger Pacific Capital added Coupang Inc to its portfolio, with holdings of 1,235,755 shares worth $18,177,000. Coupang Inc is a leading e-commerce company in South Korea.

Alibaba Group Holding Ltd

Alibaba Group Holding Ltd saw a significant decline, with Tiger Pacific Capital reducing its holdings by 65.5%. The company is a multinational technology conglomerate that operates in retail, technology, and entertainment sectors.

New Oriental Education & Technology Group

New Oriental Education & Technology Group incurred a major loss, with Tiger Pacific Capital reducing its holdings by 89.2%. The company is a provider of private educational services in China and saw its stock negatively impacted by regulatory actions.

Trip.com Group Ltd

Trip.com Group Ltd was a significant loser during the period, with Tiger Pacific Capital completely selling its holdings in the company. Trip.com Group Ltd is a leading provider of travel services in China and has been struggling due to the disruption caused by the COVID-19 pandemic.

Yum China Holdings Inc and Others

Tiger Pacific Capital completely sold its stakes in Yum China Holdings Inc, Chindata Group Holdings Ltd, and GDS Holdings Ltd. Yum China Holdings Inc is a licensee of the KFC, Pizza Hut, and Taco Bell brands in China. Chindata Group Holdings Ltd and GDS Holdings Ltd provide data center solutions and services.

Conclusion

Tiger Pacific Capital's Q3 to Q4 13F holdings show mixed results, with some of its top holdings rising while others declining in value. The regulatory environment in China played a significant role in the changes of the portfolio composition. Investors should closely monitor changes in the fund's holdings to make informed investment decisions.