The giants have 'stepped in'! Bridgewater, Soros, and Jinglin have all released their latest holdings reports.

On August 11 local time, Bridgewater Fund—the world’s largest hedge fund—Soros Fund Management (led by George Soros), and Jinglin Asset Management—a prominent Chinese private equity firm—each filed their Form 13F reports with the U.S. Securities and Exchange Commission (SEC), disclosing their U.S.-listed equity positions as of the end of the second quarter. Overall, these major players increased their exposure to Chinese assets during Q2, adding positions in certain U.S.-listed Chinese stocks and China-focused ETFs. Bridgewater increased its stakes in Pinduoduo and China-related ETFs. According to Bridgewater’s publicly disclosed 13F filing, as of the end of Q2, the firm managed $16.19 billion in assets. During the quarter, Bridgewater initiated positions in 77 stocks, increased stakes in 270 stocks, fully exited 91 positions, and reduced stakes in 342 stocks. Its top-10 holdings accounted for 35.2% of total assets—indicating relatively low concentration. The average holding period for these top-10 positions stood at 12.2 quarters. Bridgewater’s top-10 holdings were: iShares Core S&P 500 ETF (IVV), iShares Core MSCI Emerging Markets ETF (IEMG), Procter & Gamble, Johnson & Johnson, Coca-Cola, PepsiCo, SPDR S&P 500 ETF Trust, Costco, and McDonald’s. Among newly initiated positions, Bridgewater added U.S. semiconductor stock Micron Technology, Swedish streaming and music platform Spotify, and semiconductor process control company KLA Corporation—among 77 new names. In terms of increases, the five largest additions were IVV, pharmaceutical giant Merck & Co., iShares China Large-Cap ETF (FXI), Philip Morris International—the world’s largest tobacco company by market cap—and iShares MSCI China ETF (MCHI). Other notable additions included Uber and Pinduoduo. By market value, the largest new positions were AT&T (U.S. telecom), DoorDash (“the U.S. version of Ele.me”), Micron Technology (semiconductor manufacturer), Spotify Technology (music streaming platform), and Enphase Energy (energy technology company). Among reductions, the five largest were SPDR Gold Shares (GLD), iShares Gold Trust (IAU), Meta Platforms (parent company of Facebook), Mastercard (payment services provider), and Home Depot (home improvement retailer).

Updates on top-tier private equity firms’ ‘hidden’ major positions! HHLR reduced its stake in Contemporary Amperex Technology Co. Limited (CATL) by 5.65 million shares; Deng Xiaofeng and Feng Liu held tightly onto their favorite stocks; Ningquan, Renqiao, and Ruijun made new entries into these stocks…

As of the evening of March 27, 2023, a total of 541 A-share listed companies had disclosed their annual reports, gradually revealing the ‘hidden’ major positions held by renowned private equity firms. We have preliminarily compiled the portfolio adjustments made by several elite firms we closely track—including High-Flyer Asset Management, Hillhouse Capital, Jinglin Asset Management, Freshwater Capital, Renqiao Investment, Ningquan Asset Management, and Ruijun Asset Management. Key findings from our analysis: 1. Deng Xiaofeng of High-Flyer Asset Management slightly increased his position in Zijin Mining and newly entered Yunnan Aluminum Co., Ltd. He continued reducing his stake in AVIC Electronics—a defense-sector stock. Since Q4 last year, Zijin Mining and Yunnan Aluminum have risen significantly—by 52.93% and 47.67%, respectively. 2. Hillhouse’s subsidiaries Lingren and HHLR appeared among the top-10 circulating shareholders of five listed companies: Bestore, Shanghai Mechatronics, Guanglianda, Contemporary Amperex Technology Co. Limited (CATL), and Wanhua Chemical. In Q4 last year, HHLR China Value reduced its CATL stake by 5.6484 million shares while initiating a new position in Wanhua Chemical. 3. Dong Chengfei of Ruijun Asset Management began managing the Ruijun Youfu No. 3 fund on May 6, 2022. In Q4, this fund held 1.0354 million shares of Chipown Microelectronics—ranking ninth among the top-10 circulating shareholders. This semiconductor stock rose over 47.23% since Q4 last year. 4. Renqiao Investment holds three small-cap stocks—Jiuyuan Yinhai, Beijing Urban-Rural Development, and Western Gold—each of which has gained over 25%. 5. Feng Liu of High-Flyer Asset Management increased his position in Hengshun Vinegar Industry, while maintaining unchanged stakes in Tongrentang and Shunxin Agriculture. Among Feng Liu’s Q3 holdings, Hengshun Vinegar Industry was one of the few consumer-sector stocks he held; it rose over 57.06% since Q4 last year. 6. Ningquan Asset Management newly entered Leizhi Group with 9.4142 million shares and increased its stake in Daya Saint Angel by 200,000 shares. Since Q4 last year, these two stocks have risen 17.05% and 20.30%, respectively. (Important note: In this article, “new entry” refers to first appearance among the top-10 circulating shareholders of a listed company—not necessarily the first time the stock was held.) Deng Xiaofeng newly entered Yunnan Aluminum and modestly increased positions in Zijin Mining and China Jushi. As of March 27, 2023, products managed by Deng Xiaofeng of High-Flyer Asset Management appeared among the top-10 circulating shareholders of four listed companies: Zijin Mining, AVIC Electronics, China Jushi, and Yunnan Aluminum. On the evening of March 27, Zijin Mining released its 2022 annual report. Three of Deng Xiaofeng’s funds collectively held shares valued at RMB 9.187 billion. Among them, only Gao Yi Xiaofeng Hongyuan increased its stake by 1 million shares; the other two funds maintained unchanged share counts. Deng Xiaofeng first appeared among Zijin Mining’s top-10 circulating shareholders in Q3 2019, when two funds—Ruijin 43 and Gao Yi Xiaofeng No. 2—held shares worth RMB 1.009 billion in total. Thereafter, Gao Yi Xiaofeng No. 2 continuously increased its position for seven consecutive quarters, raising its shareholding from 167 million shares initially to 483 million shares by Q2 2021. Meanwhile, Ruijin 43 steadily reduced its stake starting from Q2 2020, fully exiting Zijin Mining’s top-10 list by Q1 2021. It was replaced by Gao Yi Xiaofeng No. 1 Ruixuan, which then appeared among the top-10 circulating shareholders. Since Q4 last year through March 27, 2023, Zijin Mining’s share price has risen 52.93%.

3,496 Shares in Linde PLC Purchased by Smithbridge Asset Management Inc.

13 hours ago

Smithbridge Asset Management Inc. acquired 3,496 shares of Linde PLC valued at $1.66 million. Following strong Q3 earnings exceeding estimates, analysts maintain a Buy rating with an average target price of $547.10.

MarketBeat

2026-04-08

Asio Capital LLC Increases Stake in Linde PLC

2026-04-08

Yousif Capital Management LLC Sells 2,739 Shares of Linde PLC

2026-04-09

BIP Wealth LLC Acquires 3,403 Shares of Linde PLC

2026-04-09

Franklin Street Advisors Inc. NC Trims Stake in Linde PLC

2026-04-09

Jackson Square Capital Reduces Stake in Linde PLC to $2.90 Million