Julian Robertson’s Key Chinese Stock Moves: MOMO, JD, BABA

Billionaire hedge fund legend Julian Robertson has made some strategic moves to his fund portfolio according to the latest 13-F filings. For the third quarter, the hedge fund initiated holdings in China-based companies, Momo Inc. (Nasdaq: MOMO) and JD.Com Inc. (Nasdaq: JD), while pulling back from Chinese e-commerce giant, Alibaba Group Holding Ltd (NYSE: BABA).

Julian Robertson helped pioneer the modern-day hedge fund industry when he launched Tiger Management in 1989. He has seeded several funds started by his disciples who are dubbed “Tiger Cubs”. Robertson had worked at the Webster Management Corporation from 1974 to 1978 before founding Tiger Management. He earned a B.S. in Business Administration from the University Of North Carolina At Chapel Hill in 1955 and served two years in the Navy after graduation. In 2008, Robertson was inducted into Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame. As per TipRanks, the $552.72 million Tiger Management L.L.C. owned by Robertson has consistently outperformed the Average Hedge Fund Portfolio.

A known philanthropist, Robertson and late wife Josie established The Robertson Foundation in 1996 to help others through grants for education, the environment, and medical research. He supports a litany of environmental organizations, including EarthJustice, the National Parks Conservation Association, the World Resources Institute, and the Southern Environmental Law Center.

Let us now take a closer look at the key portfolio moves of the “Wizard of Wall Street”.

Initiates Momo Inc. (MOMO)

Momo Inc. is a popular mobile-based Chinese Social Media Company. Its platform includes mobile applications and related features, functionalities, tools, and services. For Q3, Robertson initiated a $4.01 million stake in Momo which has since gained another 2.55% in value from the last filing.

Momo is considered the “Chinese Tinder,” or a Chinese mash-up of Snapchat, Match.com and Facebook Inc. The popular social media platform also has influential backers with Alibaba Group Holding Ltd as a stakeholder.