Kylin Management 13F annual report

Kylin Management is an investment fund managing more than $173 million ran by Jake Park. There are currently 7 companies in Mr. Park’s portfolio. The largest investments include JD.com Inc and KE, together worth $72.6 million.

$173 million Assets Under Management (AUM)

As of 7th February 2022, Kylin Management’s top holding is 618,616 shares of JD.com Inc currently worth over $43.3 million and making up 25.1% of the portfolio value. Relative to the number of outstanding shares of JD.com Inc, Kylin Management owns more than approximately 0.1% of the company. In addition, the fund holds 1,455,642 shares of KE worth $29.3 million, whose value fell approximately 0.1% in the past six months. The third-largest holding is DiDi Global Inc worth $24.9 million and the next is Trip.com Ltd worth $23.9 million, with 969,200 shares owned.

Currently, Kylin Management's portfolio is worth at least $173 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Kylin Management

The Kylin Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Jake Park serves as the Chief Compliance Officer at Kylin Management.

Recent trades

In the most recent 13F filing, Kylin Management revealed that it had opened a new position in DiDi Global Inc and bought 5,000,060 shares worth $24.9 million. This means they effectively own approximately 0.1% of the company. DiDi Global Inc makes up 52.9% of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in JD.com Inc by buying 132,916 additional shares. This makes their stake in JD.com Inc total 618,616 shares worth $43.3 million. JD.com Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Kylin Management is getting rid of from its portfolio. Kylin Management closed its position in Sea Ltd on 14th February 2022. It sold the previously owned 46,000 shares for $14.7 million. Jake Park also disclosed a decreased stake in Dada Nexus Ltd by 0.3%. This leaves the value of the investment at $9.47 million and 719,379 shares.

One of the smallest hedge funds

The two most similar investment funds to Kylin Management are Lfa - Lugano Advisors S.A. and Holistic Partners. They manage $173 million and $172 million respectively.

Jake Park investment strategy

Kylin Management’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 44.4% of the total portfolio value. The fund focuses on investments in the China as 71.4% of the portfolio companies are based in the China.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 71% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $33.3 billion.

The complete list of Kylin Management trades based on 13F SEC filings

These positions were updated on February 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
JD.com Inc	27.37% 618,616	$43,346,000	25.11%
KE Holdings Inc.	62.32% 1,455,642	$29,288,000	16.97%
DiDi Global Inc	Opened 5,000,060	$24,900,000	14.43%
Trip.com Group Ltd	150.85% 969,200	$23,862,000	13.82%
Bilibili Inc	63.25% 477,500	$22,156,000	12.84%
Gds Hldgs Ltd	177.12% 415,404	$19,590,000	11.35%
Sea Ltd	Closed 46,000	$14,662,000
Dada Nexus Ltd	27.74% 719,379	$9,467,000	5.48%
No transactions found
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