Harvard Management Was Right About Alibaba Group Holding Ltd (BABA), Others in Q3

Harvard Management owns 890,923 shares of America Movil SAB de CV (ADR) (NYSE:AMX) as of the end of the third quarter, valued at $10.19 million. The stock lost 5.6% during the third quarter, during which time the fund made no change to its position in the stock. Heading into the third quarter, a total of 13 of the hedge funds that we follow were long AMX, a jump of 18% from the previous quarter. Fisher Asset Management was the largest shareholder of America Movil SAB de CV (ADR) (NYSE:AMX) in our system, with a stake worth $140.2 million reported as of the end of June. Trailing Fisher Asset Management was Renaissance Technologies, which amassed a stake valued at $95 million. AQR Capital Management and PineView Asset Management also held valuable positions in the company.

Harvard Management reported ownership of 69,596 shares of Credicorp Ltd. (USA) (NYSE:BAP) as of the end of the September quarter, down by 575 shares from a quarter earlier. The stake was worth $10.59 million at the end of September after Credicorp’s stock lost 1.4% in the third quarter. Heading into the third quarter of 2016, 21 of the hedge funds tracked by Insider Monkey were long the stock, an 11% increase from the previous quarter. Of the funds tracked by Insider Monkey, Fisher Asset Management, managed by Ken Fisher, holds the biggest position in Credicorp Ltd. (USA) (NYSE:BAP) ($203 million position). Sitting at the No. 2 spot is J Kevin Kenny Jr of Emerging Sovereign Group ($63.5 million position). Other hedge funds and institutional investors that hold long positions contain Richard Driehaus’ Driehaus Capital, Cliff Asness’ AQR Capital Management, and Robert Pohly’s Samlyn Capital.

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