Long Corridor Asset Management Ltd 13F annual report
Long Corridor Asset Management Ltd is an investment fund managing more than $68.7 billion ran by Ali Sheikh. There are currently 10 companies in Mr. Sheikh’s portfolio. The largest investments include Meta Platforms Inc and Weibo Corp, together worth $30.6 billion.
$68.7 billion Assets Under Management (AUM)
As of 6th May 2024, Long Corridor Asset Management Ltd’s top holding is 35,000 shares of Meta Platforms Inc currently worth over $17 billion and making up 24.7% of the portfolio value.
Relative to the number of outstanding shares of Meta Platforms Inc, Long Corridor Asset Management Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 1,500,000 shares of Weibo Corp worth $13.6 billion, whose value fell 13.1% in the past six months.
The third-largest holding is Alphabet Inc worth $12.1 billion and the next is Alibaba Group Hldg Ltd worth $8.84 billion, with 122,101 shares owned.
Currently, Long Corridor Asset Management Ltd's portfolio is worth at least $68.7 billion. 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 Long Corridor Asset Management Ltd
The Long Corridor Asset Management Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Ali Sheikh serves as the Chief Operating Officer at Long Corridor Asset Management Ltd.
Recent trades
In the most recent 13F filing, Long Corridor Asset Management Ltd revealed that it had opened a new position in
NetEase Inc and bought 38,000 shares worth $3.93 billion.
This means they effectively own approximately 0.1% of the company.
NetEase Inc makes up
8.4%
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 Weibo Corp by buying
880,000 additional shares.
This makes their stake in Weibo Corp total 1,500,000 shares worth $13.6 billion.
Weibo Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Long Corridor Asset Management Ltd is getting rid of from its portfolio.
Long Corridor Asset Management Ltd closed its position in Baidu Inc on 13th May 2024.
It sold the previously owned 15,000 shares for $2.02 billion.
Ali Sheikh also disclosed a decreased stake in Meta Platforms Inc by 0.1%.
This leaves the value of the investment at $17 billion and 35,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Long Corridor Asset Management Ltd are Longitude (cayman) and Commons Capital. They manage $68.7 billion and $68.8 billion respectively.
Ali Sheikh investment strategy
Long Corridor Asset Management Ltd’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 67.9% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% 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
60% 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 $250 billion.
The complete list of Long Corridor Asset Management Ltd trades based on 13F SEC filings
These positions were updated on May 13th 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 |
|---|---|---|---|
| Meta Platforms Inc |
12.50%
35,000
|
$16,995,300,000 | 24.75% |
| Weibo Corp |
141.94%
1,500,000
|
$13,635,000,000 | 19.85% |
| Alphabet Inc |
100.00%
80,000
|
$12,074,400,000 | 17.58% |
| Alibaba Group Hldg Ltd |
18.29%
122,101
|
$8,835,228,000 | 12.87% |
| American Express Co. |
No change
30,000
|
$6,830,700,000 | 9.95% |
| NetEase Inc |
Opened
38,000
|
$3,931,860,000 | 5.73% |
| Sea Ltd |
No change
60,000
|
$3,222,600,000 | 4.69% |
| Baidu Inc |
Closed
15,000
|
$2,015,250,000 | |
| BeiGene Ltd |
104.73%
10,046
|
$1,571,094,000 | 2.29% |
| New York Times Co. |
No change
30,000
|
$1,296,600,000 | 1.89% |
| Miniso Group Hldg Ltd |
Closed
40,000
|
$1,036,000,000 | |
| Yum China Holdings Inc |
Closed
17,000
|
$947,240,000 | |
| Zai Lab Ltd |
Closed
31,000
|
$753,610,000 | |
| Monte Rosa Therapeutics Inc |
Opened
40,000
|
$282,000,000 | 0.41% |
| No transactions found | |||
| Showing first 500 out of 14 holdings | |||
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