Brilliance Asset Management's Q3 vs Q4 2022 13F Holdings Report: Key Takeaways

Brilliance Asset Management Ltd recently published its Q3 2022 versus Q4 2022 13F holdings comparison. The report contains information on the changes in holdings of the fund during this period. In this blog post, we will summarize the report and discuss the key takeaways.

First, let's take a look at the holdings of Brilliance Asset Management Ltd in Q3 2022 versus Q4 2022. According to the report, the fund had holdings in ten issuers - LI Auto Inc, Kanzhun Limited, Alibaba Group Holding Ltd, Sea Ltd, Trip Com Group Ltd, Ke Hldgs Inc, Wolfspeed Inc, Lululemon Athletica Inc, and Zai Lab Ltd. The fund's holdings in LI Auto Inc increased from 7,385,521 shares in Q3 2022 to 7,708,862 shares in Q4 2022. The value of the holdings decreased from $169,941,000 to $157,260,000, a decrease of 7.5%. The fund's holdings in Kanzhun Limited decreased from 7,664,685 shares in Q3 2022 to 7,213,540 shares in Q4 2022. The value of the holdings increased from $129,380,000 to $146,939,000, an increase of 13.6%.

The most significant change in the fund's holdings was in Alibaba Group Holding Ltd. The fund did not have any shares in the issuer in Q3 2022, but in Q4 2022, the fund acquired 540,146 shares worth $47,581,000. The fund's holdings in Sea Ltd increased from zero shares in Q3 2022 to 172,928 shares in Q4 2022, worth $8,997,000. In Trip Com Group Ltd, the fund's holdings increased from zero shares in Q3 2022 to 144,694 shares in Q4 2022, worth $4,977,000.

The remaining holdings of the fund did not change significantly. The fund had 32,690 shares in Ke Hldgs Inc in both Q3 2022 and Q4 2022, but the value of the holdings decreased from $573,000 to $456,000, a decrease of 20.4%. The fund had 445,208 shares in Wolfspeed Inc in Q3 2022, but the holdings were liquidated in Q4 2022. Similarly, the fund had 3,603 shares in Lululemon Athletica Inc and 20,775 shares in Zai Lab Ltd in Q3 2022, but the holdings were liquidated in Q4 2022.

From the report, it is clear that Brilliance Asset Management Ltd made significant changes to its portfolio during the period. The fund acquired shares in Alibaba Group Holding Ltd, Sea Ltd, and Trip Com Group Ltd, while reducing its holdings in LI Auto Inc and Kanzhun Limited. The fund liquidated its holdings in Wolfspeed Inc, Lululemon Athletica Inc, and Zai Lab Ltd.

Overall, it is difficult to say whether Brilliance Asset Management Ltd made the right decisions regarding its portfolio during the period based on this report alone. It is important to note that the report only covers a short period, and the performance of the holdings could change over time. Additionally, the decision to buy or sell shares depends on many factors, including the issuer's financial performance, market trends, and other economic indicators.

In conclusion, the Brilliance Asset Management Ltd Q3 2022 versus Q4 2022 13F Holdings Comparison report provides a glimpse into the changes in holdings of the fund during the period. The report highlights significant changes, including the acquisition of shares in Alibaba Group Holding Ltd, Sea Ltd, and Trip Com Group Ltd. However, it is important to note that the performance of the holdings could change over time, and the decision to buy or sell shares is based on many factors.