Since 2020q4, the trend of US institutional investors selling Chinese stocks has eased. According to the latest institutional position data disclosed by the SEC, as of 2021q4, the market value of all shares in U.S. institutional positions accounted for 4.1% of its total market value, and the downward trend has been significantly alleviated since 2020q4.
Alibaba: in 2021q4, the proportion of American institutional shareholding / circulation ADR bottomed out and primecap increased its holdings.
Tencent: Chinese capital has continued to increase its positions since 2021 / 12, while foreign BlackRock and vanguard have continued to increase their positions.
Meituan: the upward acceleration of the shareholding of Chinese intermediaries in 2021 / 12. Among the top 10 heavy positions, 7 Q4 increased their holdings, and BlackRock increased the most.
JD: since 2021q1, the selling trend of US stock institutional investors has eased, tiger has increased its holdings the most, and BlackRock has significantly reduced its holdings.
Pinduoduo: American institutional investors fell and bought more, Baillie Gifford and tiger continued to increase their holdings, and BlackRock reduced its holdings.
Kwai Fu: Chinese capital has been continuously opening since 202110, and foreign KraneFunds is most active.
Xiaomi: Chinese capital has increased positions since 2021 / 12, and the top 10 heavy positions have generally increased their holdings, with southern Dongying and BlackRock being the most active.
Netease: U.S. institutions are still reducing their holdings and have not yet seen an inflection point, but some heavy positions have turned positive, and lonepine capital has increased its positions the most.
Iqiyi: American institutions have continued the trend of increasing positions since the beginning of 2021. The top 10 heavy position institutions have basically increased positions, and coreview has increased its holdings the most.
Blibli: American institutions continued to increase their positions, nearly doubling their holdings compared with the end of 2020, and Wells Fargo increased its holdings the most.
Risk warning: policy promotion is not as expected; Historical experience does not represent the future.
