Harvard Management Is Bullish on China, Mexico: From Alibaba Group Holding Ltd (BABA) To America Movil SAB de CV (ADR) (AMX)

America Movil SAB de CV (ADR) (NYSE:AMX)

– Shares held by Harvard Management as of June 30: 890,923

– Value of Harvard Management’s stake as of June 30: $10.92 million

Same as its Mexican peer on the previous page, Harvard Management left its stake in America Movil SAB de CV (ADR) (NYSE:AMX) unchanged during the second quarter, but still became one of the fund’s top 10 positions. The largest position among the funds that we track was the one held by Ken Fisher’s Fisher Asset Management, which disclosed ownership of 11.4 million shares of the company as of June 30, up by 70% on the quarter. America Movil SAB de CV (ADR) (NYSE:AMX) had a terrible second quarter, with its stock down more than 21%. And, the third quarter hasn’t been much better, as the shares tumbled by another 7%. Recently, the company’s Board of Directors proposed a delisting from the NASDAQ and Latibex exchanges.

Baidu Inc (ADR) (NASDAQ:BIDU)

– Shares held by Harvard Management as of June 30: 130,166

– Value of Harvard Management’s stake as of June 30: $21.49 million

One of Harvard Management’s most bullish moves in the second quarter involved its stake in Baidu Inc (ADR) (NASDAQ:BIDU), which was increased by 69% during the second quarter. However, the firm’s position was quite small when compared to that of Harris Associates, which held 5.26 million shares, valued at almost $870 million by June 30.  Unlike America Movil, Baidu Inc (ADR) (NASDAQ:BIDU) has had a groovy third quarter, as its stock gained more than 10%. Recently, analysts at Deutsche Bank have reiterated their ‘Buy’ rating on the stock, boosting their price target from $182 to $219. According to our records, 56 funds among those we track were long the Chinese company as of the end of the first half of the year.

Alibaba Group Holding Ltd (NYSE:BABA)

– Shares held by Harvard Management as of June 30: 487,976

– Value of Harvard Management’s stake as of June 30: $38.8 million

Finally, there’s Alibaba Group Holding Ltd (NYSE:BABA), the largest equity (non-ETF) position in Harvard Management’s equity portfolio. After a 71% increase in exposure, the firm held 487,976 shares of the e-commerce behemoth. As one might expect, Alibaba was the most popular Chinese stock among the funds that we track, counting 69 funds holding shares as of June 30. Other bulls included Silver Lake Partners, with 16.36 million shares on June 30, and Ken Fisher’s Fisher Asset Management, with 3.22 million shares. Alibaba Group Holding Ltd (NYSE:BABA)’s stock has gained more than 30% year-to-date, and over 33% in the third quarter alone, surpassing its resistance level of $100. A couple of weeks ago, the company explained that it was not acquiring the remaining portion of its shares currently held by Yahoo! Inc. (NASDAQ:YHOO), due to the hefty U.S. tax implications. “If there was an easy tax solution someone would have figured it out already,” said executive vice chairman Joseph Tsai.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.