Vipshop Holdings Ltd (VIPS), 58.com Inc (WUBA), Ctrip Com Intl (CTRP): Here’s How Kylin Management Killed It in Q3

Among these funds, GMT Capital held the most valuable stake in New Oriental Education & Tech Grp (ADR) (NYSE:EDU), which was worth $44.8 at the end of the second quarter. On the second spot was Kylin Management which amassed $35.6 worth of shares. Moreover, Discovery Capital Management, Sensato Capital Management, and Driehaus Capital were also bullish on New Oriental Education & Tech Grp (ADR) (NYSE:EDU). Kylin Management initiated a brand new $35 million position in EDU in Q2. The stock’s gain during Q3 was slightly less than 11%.

Finally let’s view the key hedge fund action in 58.com Inc (ADR) (NYSE:WUBA). Heading into the third quarter of 2016, a total of 29 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 7% from one quarter earlier. Among these funds, Hillhouse Capital Management held the most valuable stake in 58.com Inc (ADR) (NYSE:WUBA), which was worth $170.6 at the end of the second quarter. On the second spot was OZ Management which amassed $166.5 worth of shares. Moreover, Viking Global, Emerging Sovereign Group, and Serenity Capital were also bullish on 58.com Inc (ADR) (NYSE:WUBA).

Kylin Management actually cut its WUBA position by 90% heading into the third quarter. It was a good move because the stock returned less than 4%. Overall Kylin traded Chinese stocks better than the rest of the hedge funds and generated a 20.7% return in its non-microcap long positions during Q3. It was one of the best performing hedge funds in our database.