Tairen Capital Ltd 13F annual report

Tairen Capital Ltd is an investment fund managing more than $2.79 trillion ran by Christopher Jiang. There are currently 25 companies in Mr. Jiang’s portfolio. The largest investments include PDD Inc and Apple Inc, together worth $1.3 trillion.

$2.79 trillion Assets Under Management (AUM)

As of 7th August 2024, Tairen Capital Ltd’s top holding is 5,378,376 shares of PDD Inc currently worth over $715 billion and making up 25.7% of the portfolio value. Relative to the number of outstanding shares of PDD Inc, Tairen Capital Ltd owns more than approximately 0.1% of the company. In addition, the fund holds 2,796,278 shares of Apple Inc worth $589 billion, whose value grew 20.2% in the past six months. The third-largest holding is Microsoft worth $482 billion and the next is Amazon.com worth $342 billion, with 1,768,335 shares owned.

Currently, Tairen Capital Ltd's portfolio is worth at least $2.79 trillion. 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 Tairen Capital Ltd

The Tairen Capital Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Christopher Jiang serves as the SVP at Tairen Capital Ltd.

Recent trades

In the most recent 13F filing, Tairen Capital Ltd revealed that it had opened a new position in Apple Inc and bought 2,796,278 shares worth $589 billion. This means they effectively own approximately 0.1% of the company. Apple Inc makes up 35.8% of the fund's Consumer Discretionary sector allocation and has grown its share price by 23.3% in the past year.

The investment fund also strengthened its position in PDD Inc by buying 1,788,076 additional shares. This makes their stake in PDD Inc total 5,378,376 shares worth $715 billion. PDD Inc soared 76.8% in the past year.

On the other hand, there are companies that Tairen Capital Ltd is getting rid of from its portfolio. Tairen Capital Ltd closed its position in New Oriental Ed Technology on 14th August 2024. It sold the previously owned 1,334,781 shares for $116 billion. Christopher Jiang also disclosed a decreased stake in KLA by 0.2%. This leaves the value of the investment at $86.1 billion and 104,454 shares.

One of the largest hedge funds

The two most similar investment funds to Tairen Capital Ltd are Martin Currie Ltd and Provida Pension Fund Administrator. They manage $2.79 trillion and $2.79 trillion respectively.

Christopher Jiang investment strategy

Tairen Capital Ltd’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 59.1% of the total portfolio value. The fund focuses on investments in the United States as 60.0% of the portfolio companies are based in the United States.

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 76% 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 $320 billion.

The complete list of Tairen Capital Ltd trades based on 13F SEC filings

These positions were updated on August 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
PDD Holdings Inc	49.80% 5,378,376	$715,055,089,000	25.66%
Apple Inc	Opened 2,796,278	$588,952,072,000	21.14%
Microsoft Corporation	557.79% 1,079,109	$482,307,768,000	17.31%
Amazon.com Inc.	1,177.92% 1,768,335	$341,730,739,000	12.26%
Asml Holding N V	321.17% 202,946	$207,558,963,000	7.45%
Lam Research Corp.	199.47% 163,605	$174,214,784,000	6.25%
New Oriental Ed Technology	Closed 1,334,781	$115,885,686,000
Qualcomm, Inc.	Closed 630,537	$106,749,914,000
Vertiv Holdings Co	Closed 1,264,522	$103,273,512,000
Micron Technology Inc.	Closed 818,232	$96,461,370,000
Ansys Inc.	Closed 263,648	$91,528,040,000
KLA Corp.	18.27% 104,454	$86,123,368,000	3.09%
NVIDIA Corp	Closed 93,207	$84,218,117,000
Alphabet Inc	Opened 555,693	$101,585,186,000	3.65%
TAL Education Group	Closed 3,975,438	$45,121,221,000
Snowflake Inc.	Closed 166,245	$26,865,192,000
Daqo New Energy Corp	Closed 881,468	$24,813,324,000
Amphenol Corp.	Closed 191,000	$22,031,850,000
Synopsys, Inc.	Closed 33,767	$19,297,841,000
Teradyne, Inc.	Opened 128,743	$19,091,299,000	0.69%
Oracle Corp.	Closed 127,000	$15,952,470,000
Taiwan Semiconductor Mfg Ltd	Closed 106,601	$14,503,066,000
Hewlett Packard Enterprise C	Opened 525,000	$11,114,250,000	0.40%
Salesforce Inc	Opened 43,000	$11,055,300,000	0.40%
Gaotu Techedu Inc	Closed 1,644,600	$10,772,130,000
Shopify Inc	15.35% 152,777	$10,090,921,000	0.36%
Datadog Inc	Closed 77,000	$9,517,200,000
Broadcom Inc	Opened 5,392	$8,657,018,000	0.31%
Lululemon Athletica inc.	Closed 21,000	$8,203,650,000
Interactive Brokers Group In	Closed 63,963	$7,145,307,000
HubSpot Inc	388.85% 9,777	$5,766,377,000	0.21%
Netflix Inc.	Closed 9,000	$5,465,970,000
Spdr Ser Tr	Opened 54,700	$5,020,366,000	0.18%
On Hldg Ag	Closed 130,000	$4,599,400,000
MongoDB Inc	Closed 12,000	$4,303,680,000
Intuit Inc	Opened 6,000	$3,943,260,000	0.14%
Disney Walt Co	No change 35,000	$3,475,150,000	0.12%
Snap Inc	66.67% 200,000	$3,322,000,000	0.12%
Unity Software Inc.	No change 141,227	$2,296,351,000	0.08%
Airbnb, Inc.	100.00% 10,000	$1,516,300,000	0.05%
CyberArk Software Ltd	Closed 5,500	$1,460,965,000
Monday Com Ltd	71.43% 6,000	$1,444,560,000	0.05%
Wix.com Ltd	Closed 10,000	$1,374,800,000
ZoomInfo Technologies Inc.	Opened 70,000	$893,900,000	0.03%
DocuSign Inc	Closed 12,900	$768,195,000
NetEase Inc	99.45% 4,560	$435,845,000	0.02%
Credo Technology Group Holdi	Opened 13,600	$434,384,000	0.02%
Trip.com Group Ltd	Opened 8,050	$378,350,000	0.01%
No transactions found
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