Suara.com – Billionaire Ray Dalio’s Bridgewater Associates has poured money into Chinese tech giants such as DiDi Global Inc., Alibaba Group Holding Ltd., Pinduoduo Inc., JD.com Inc. and The Home Depot Inc.
Launching from Warta Ekonomi, Bridgewater’s current equity portfolio of USD18.26 billion contains 683 stocks, with 117 new positions and a turnover ratio of 24%.
Of all the above investments, Bridgewater purchased 8,990,211 shares of DiDi Global, giving it a weighted equity portfolio of 0.38%. Shares averaged USD9.52 during the third quarter.
In addition, Bridgewater also added 1,871,172 Alibaba shares expanding its position by 131.86% and its equity portfolio by 1.52%.
Alibaba shares averaged $182.30 during the third quarter; the stock is significantly undervalued based on Monday’s price-to-GF ratio of 0.43.
In addition, Bridgewater also purchased 802,394 shares of Pinduoduo, increasing its position by 71.81% and its equity portfolio by 0.40%. Pinduoduo shares averaged USD97.66 during the third quarter; the stock is significantly undervalued based on Monday’s price to value ratio of 0.52.
Subsequently, Bridgewater also purchased 802,281 shares of JD.com and increased its position by 67.58% and its equity portfolio by 0.32%. JD.com shares averaged USD73.86 during the third quarter; the stock was significantly overvalued based on Monday’s Price-to-GF Value ratio of 1.30.
Finally, Bridgewater purchased 189,843 shares of Home Depot, increasing its position by 135.06% and its equity portfolio by 0.34%.
Home Depot shares averaged $328.29 during the third quarter; the stock was overvalued based on Monday’s Price to Value GF ratio of 1.18.
Source: Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com.
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