Stocks to invest in – SINA, 58.com Among Billionaire Lei Zhang’s Big Purchases in Q2



Stocks to invest in

Leading investment management firm Hillhouse Capital Management, founded by billionaire Lei Zhang, invests in various asset classes with a long-term time horizon. The fund uses a fundamental bottom-up approach to stock selection and focuses its investments in the consumer, tech, and healthcare industries.

As of the latest 13F reporting period, Hillhouse Capital Management held a U.S. equity portfolio with positions valued at $3.97 billion, down from $4.58 billion at the end of the March. In this article, we’ll take a look at Hillhouse Capital Management’s five biggest purchases made during second quarter.

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Clearside Biomedical Inc (NASDAQ:CLSD)


– Shares Owned by Hillhouse Capital Management (as of June 30): 600,000

– Value of Hillhouse Capital Management’s Holding (as of June 30): $4.21 million

Hillhouse Capital Management added late-stage clinical biopharmaceutical company Clearside Biomedical Inc (NASDAQ:CLSD) to its portfolio during the second quarter, buying 600,000 shares of the company worth $4.21 million on June 30. Clearside Biomedical, which began trading on the NASDAQ on June 2, reported revenue of $5,000 and a net loss of $0.62 per share for the second quarter. The company recently announced positive results from its phase-2 clinical trial for TANZANITE in Macular Edema Associated with Retinal Vein Occlusion (RVO), as patients achieved better results, while fewer of them needed additional intravitreal Eylea treatments compared to a control group. Shares of Clearside Biomedical have dipped by 2.76% since the company’s IPO. A total of eight funds in our database opened long positions in Clearside Biomedical Inc (NASDAQ:CLSD)  during the second quarter.

Follow Clearside Biomedical Inc.

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Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA)

– Shares Owned by Hillhouse Capital Management (as of June 30): 672,000

– Value of Hillhouse Capital Management’s Holding (as of June 30): $19.53 million

Hillhouse Capital Management added a new position in cable television and internet services company Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) during the second quarter, acquiring 672,000 shares worth $19.53 million. The company appointed Charlie Bracken as its new CFO after Bernie Dvorak announced his retirement as Co-CFO. The company is also adding KPMG Partner Jason Waldron as its Chief Accounting Officer, with his tenure beginning on October 1. A total of 51 funds in our database held shares of Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) at the end of June, with an aggregate value of $1.59 billion.

Follow Liberty Global Inc.

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On the next page we’ll discuss the rest of Hillhouse’s major second quarter moves, which involved RenaissanceRe Holdings, SINA Corp, and 58.com Inc.

– Stocks to invest in

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