Investment Insights: Keywise Capital Management's Q3 2022 vs. Q4 2022 13F Holdings Comparison

Keywise Capital Management (HK) Ltd, a prominent investment management firm, has released its Q3 2022 and Q4 2022 13F filings revealing interesting changes in its holdings. In this article, we will delve into the holdings comparison and provide insights into why Keywise Capital Management made these changes.

First up, we have New Oriental Ed & Technology, a popular Chinese education company that provides academic programs, services, and products. Keywise Capital Management increased its holding of New Oriental by 104,500 shares to 3,972,640 shares in Q4, up from 3,962,140 shares in Q3. The value of the holding also increased from $94,972,000 to $138,327,000, reflecting a 45.7% increase. This increase may be attributed to the strong performance of the education industry in China and Keywise's bet on its growth in the coming years.

Keywise also made a significant move in investing in Miniso Group Hldg Ltd. The company, which sells a variety of household and consumer goods, experienced a surge in its stock price in 2022. Keywise clearly identified this as a good opportunity to increase its stake, adding 1,444,400 shares between Q3 and Q4 to bring its total holdings to 4,361,800 shares. The value of the holding increased from $16,011,000 to $46,802,000, reflecting a remarkable 192.3% increase.

On the flip side, Keywise sold its entire holding in Beke Hldgs Inc, resulting in a 100% decrease in shares, from 24,500 shares in Q3 to 0 shares in Q4. Beke Hldgs Inc, a Chinese online real estate platform, has been experiencing a challenging market environment. Keywise's decision to sell is an indication of the company's cautious stance on the real estate industry in China.

Keywise also sold its entire holding of Netflix, Estee Lauder Cos and Costco Wholesale, reflecting a complete divestment of these companies. The company also sold off 75% of its stake in Pinduoduo Inc. Keywise's decision to sell these shares may indicate that they were incorrectly valued and that Keywise sees limited potential for future growth.

Keywise also made a significant investment in Uber Technologies Inc., adding 9,000 shares in Q4, taking its holdings to 9,000 shares. The value of the holding stands at $222,000.

In conclusion, Keywise Capital Management's Q3 2022 vs. Q4 2022 13F holdings comparison highlights the firm's bullish outlook on the Chinese education and consumer goods industries, as well as a cautious approach to real estate investment. It also highlights a clear decision to move away from certain stocks with low growth potential. It is important to note that 13F filings are backward-looking and do not provide any indication of future actions by investors. Regardless, Keywise Capital Management's moves are worth noting for any investor looking to gain insights into the current investment market.