Pinpoint Asset Management Ltd's Q2 2022 13F: 8 new positions, 5 exits

Form 13F-HR for the quarter ended Jun 30, 2022 · filed Aug 12, 2022 · 32 reported positions · accession 0001803237-22-000003

What changed this quarter

Pinpoint Asset Management Ltd's changes in reported equity positions, Q2 2022
Activity Security Weight before Weight now Change Shares Shares %
Exited BAOZUN INC (BZUN 1.625 05/01/24) 9.9% — −9.9 pts −23.96M sh −100%
Reduced ALBEMARLE CORP (ALB) 7.9% 0.0% −7.9 pts −85,700 sh −100%
New ALIBABA GROUP HLDG LTD (BABA) — 6.1% +6.1 pts +135K sh new
New WEIBO CORP (WB 1.25 11/15/22) — 5.6% +5.6 pts +14.27M sh new
Increased PINDUODUO INC (PDD) 0.7% 5.3% +4.6 pts +184K sh +583%
New TRIP COM GROUP LTD (TCOM) — 3.9% +3.9 pts +90,335 sh new
Increased PINDUODUO INC (PDD 0 12/01/25) 4.3% 7.8% +3.6 pts +10.78M sh +92%
Exited TAIWAN SEMICONDUCTOR MFG LTD (TSM) 3.2% — −3.2 pts −73,495 sh −100%
Increased HELLO GROUP INC (MOMO 1.25 07/01/25) 0.4% 3.1% +2.7 pts +7.45M sh +745%
Reduced NETEASE INC (NTES) 2.9% 0.7% −2.2 pts −61,800 sh −79%
Reduced DOCUSIGN INC (DOCU) 6.2% 1.2% −5.0 pts −86,046 sh −61%
Increased JOYY INC (JOYY 0.75 06/15/25) 2.9% 4.1% +1.2 pts +3.7M sh +49%
Reduced ZTO EXPRESS CAYMAN INC (ZTO) 6.5% 5.5% −1.0 pts −121K sh −19%
New NIKE INC (NKE) — 1.2% +1.2 pts +29,400 sh new
Exited NVIDIA CORPORATION (NVDA) 0.9% — −0.9 pts −7,900 sh −100%
New SALESFORCE INC (CRM) — 0.9% +0.9 pts +13,400 sh new
New UAZHU GROUP LTD (HTHT 0.375 11/01/22) — 0.8% +0.8 pts +2M sh new
Increased DAQO NEW ENERGY CORP (DQ) 11.1% 19.0% +7.9 pts +23,000 sh +4%
Reduced VNET GROUP INC 1.3% 0.6% −0.7 pts −2M sh −50%
New IQIYI INC (IQ 2 04/01/25) — 0.6% +0.6 pts +1.86M sh new
Reduced ADVANCED MICRO DEVICES INC (AMD) 3.6% 1.8% −1.7 pts −18,100 sh −24%
Reduced DISNEY WALT CO (DIS) 2.8% 1.3% −1.5 pts −14,200 sh −29%
Exited LI AUTO INC (LI) 0.4% — −0.4 pts −41,500 sh −100%
Increased MELCO RESORTS AND ENTMNT LTD (MLCO) 0.6% 0.6% +0.1 pts +99,800 sh +57%
New NEW ORIENTAL ED & TECHNOLOGY (EDU) — 0.2% +0.2 pts +21,600 sh new
Reduced MONOLITHIC PWR SYS INC (MPWR) 5.0% 3.8% −1.2 pts −100 sh 0%
Exited CAMECO CORP (CCJ) 0.0% — 0.0 pts −1,154 sh −100%
Reduced ON SEMICONDUCTOR CORP (ON) 9.9% 7.6% −2.3 pts −700 sh 0%
Reduced TUYA INC (TUYA) 1.3% 1.1% −0.2 pts −49 sh 0%

Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled

Top 10 positions — 73.0% of the equity book

Changes in the top 10 this quarter: BABA entered · WB 1.25 11/15/22 entered · PDD entered · JOYY 0.75 06/15/25 entered · BZUN 1.625 05/01/24 left · ALB left · DOCU left · MPWR left

# Security Weight before Weight now
1 DAQO NEW ENERGY CORP (DQ) 11.1% 19.0%
2 BILIBILI INC (BILI 1.25 06/15/27) 8.1% 8.0%
3 PINDUODUO INC (PDD 0 12/01/25) 4.3% 7.8%
4 ON SEMICONDUCTOR CORP (ON) 9.9% 7.6%
5 ALIBABA GROUP HLDG LTD (BABA) 0.0% 6.1% Entered the top 10
6 WEIBO CORP (WB 1.25 11/15/22) 0.0% 5.6% Entered the top 10
7 ZTO EXPRESS CAYMAN INC (ZTO) 6.5% 5.5%
8 PINDUODUO INC (PDD) 0.7% 5.3% Entered the top 10
9 JOYY INC (JOYY 0.75 06/15/25) 2.9% 4.1% Entered the top 10
10 NOAH HLDGS LTD (NOAH) 4.8% 3.9%
— BAOZUN INC (BZUN 1.625 05/01/24) 9.9% 0.0% Left the top 10
— ALBEMARLE CORP (ALB) 7.9% 0.0% Left the top 10
— DOCUSIGN INC (DOCU) 6.2% 1.2% Left the top 10
— MONOLITHIC PWR SYS INC (MPWR) 5.0% 3.8% Left the top 10

Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).