China, HK Activity Gauges Show Signs of Improvement
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Li Lu's Strategic Move: Significant Investment in PDD Holdings Inc
Exploring Li Lu (Trades, Portfolio)'s Recent 13F Filing and Investment Philosophy Warning! GuruFocus has detected 7 Warning Sign with BAC. Li Lu (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Born and raised in China, Li Lu (Trades, Portfolio) attended Columbia University, where he received three degrees simultaneously: B.A., J.D., and M.B.A. from Columbia College, Law School, and Business School. In 1997, he founded Himalaya Capital, a multibillion-dollar investment firm that primarily focuses on long-term investment opportunities in Asia and the U.S. Li Lu (Trades, Portfolio) currently serves as a member of the Board of Trustees of Columbia University and a member of the Board of Trustees of California Institute of Technology (Caltech). He is also a member of the Committee of 100, the Council on Foreign Relations, and an Aspen Institute Henry Crown Fellow. He is featured in the Smithsonian Institute's Family of Voices, part of the ongoing Many Voices, One Nation exhibition at the National Museum of American History. He is the author of "Moving The Mountain: My Life in China" (1990 in English) and "Civilization, Modernization, Value Investing---and China" (2020 in Chinese). Li Lu (Trades, Portfolio)'s firm embraces the value investment principles of Benjamin Graham, Warren Buffett (Trades, Portfolio), and Charlie Munger. It primarily focuses on publicly traded companies in Asia, with an emphasis on China. The firm aims to achieve superior returns by being long-term owners of high-quality companies with a substantial economic moat, great growth potential, and are run by trustworthy people. Li Lu (Trades, Portfolio) said, "In making investments, I have always believed that you must act with discipline whenever you see something you truly like. To explain this philosophy, Buffett/Munger likes to use a baseball analogy that I find particularly illuminating, though I myself am not at all a baseball expert. Ted Williams is the only baseball player who had a .400 single-season hitting record in the last seven decades. In the Science of Hitting, he explained his technique. He divided the strike zone into 77 cells, each representing the size of a baseball. He would insist on swinging only at balls in his best cells, even at the risk of striking out, because reaching for the worst spots would seriously reduce his chances of success." Summary of New Buy Li Lu (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was PDD Holdings Inc (NASDAQ:PDD), with 4,608,000 shares, accounting for 17.93% of the portfolio and a total value of $482.27 million. Key Position Reduces Li Lu (Trades, Portfolio) also reduced position in 1 stock. The most significant changes include: Reduced Bank of America Corp (NYSE:BAC) by 3,415,246 shares, resulting in a -24.66% decrease in shares and a -6.44% impact on the portfolio. The stock traded at an average price of $42.07 during the quarter and has returned 8.17% over the past 3 months and 9.92% year-to-date. Portfolio Overview At the second quarter of 2025, Li Lu (Trades, Portfolio)'s portfolio included 9 stocks, the top holdings included 18.36% in Bank of America Corp (NYSE:BAC), 17.93% in PDD Holdings Inc (NASDAQ:PDD), 16.67% in Alphabet Inc (NASDAQ:GOOGL), 16.22% in Berkshire Hathaway Inc (NYSE:BRK.B), 16.17% in Alphabet Inc (NASDAQ:GOOG). The holdings are mainly concentrated in 5 of all the 11 industries: Financial Services, Communication Services, Consumer Cyclical, Energy, Technology. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
China files complaint with World Trade Organization over Canadian steel tariffs
OTTAWA — China is taking its dispute with Canada over steel tariffs to the World Trade Organization. Beijing filed a complaint earlier today with the WTO in response to Canadian restrictions on imports that contain steel melted or poured in China. Prime Minister Mark Carney announced last month that he was imposing the 25 per cent surtax on products containing Chinese steel to protect the domestic industry in the face of steep U.S. tariffs. But China says the duties are "discriminatory," according to a translation of a statement issued by the Chinese commerce ministry. China says it is disappointed by the move to impose tariffs and urges Canada "to correct its erroneous actions." Canada's trade dispute with China is ramping up this week after Beijing imposed a tariff of nearly 76 per cent on Canadian canola seed — an apparent response to Canada's ongoing tariffs of 100 per cent on Chinese-made electric vehicles. This report by The Canadian Press was first published Aug. 15, 2025. Craig Lord, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
Robert Karr's Strategic Moves: Adobe Inc. Sees a Significant Reduction
Exploring the Latest 13F Filing and Portfolio Adjustments Robert Karr (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Robert Karr (Trades, Portfolio) founded Joho Capital in 1996. He is one of the Tiger Cubs, the hedge fund managers who learned from the legendary Julian Robertson at Tiger Management (Trades, Portfolio). At Tiger Management (Trades, Portfolio), his main focus was Asian equities. Karr tends to hold a concentrated portfolio in the area of new technologies, with a low portfolio turnover rate. Karr believes in the value of a simplistic approach to investing, focusing on a small number of long-term investments in order to conduct more in-depth research on each of the portfolio holdings. Warning! GuruFocus has detected 7 Warning Sign with MSFT. Summary of New Buy Robert Karr (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was Ltd (NASDAQ:MNDY), with 50,000 shares, accounting for 2.21% of the portfolio and a total value of $15.72 million. Key Position Increases Robert Karr (Trades, Portfolio) also increased stakes in a total of 1 stock, among them: The most notable increase was Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), with an additional 81,100 shares, bringing the total to 249,100 shares. This adjustment represents a significant 48.27% increase in share count, a 2.59% impact on the current portfolio, with a total value of $56,418,660. Key Position Reduces Robert Karr (Trades, Portfolio) also reduced positions in 2 stocks. The most significant changes include: Reduced Adobe Inc (NASDAQ:ADBE) by 88,800 shares, resulting in a -40.47% decrease in shares and a -5.88% impact on the portfolio. The stock traded at an average price of $385.29 during the quarter and has returned -12.51% over the past 3 months and -20.38% year-to-date. Reduced Dutch Bros Inc (NYSE:BROS) by 164,725 shares, resulting in a -8.58% reduction in shares and a -1.76% impact on the portfolio. The stock traded at an average price of $65.18 during the quarter and has returned -12.16% over the past 3 months and 20.12% year-to-date. Portfolio Overview At the second quarter of 2025, Robert Karr (Trades, Portfolio)'s portfolio included 9 stocks, with top holdings comprising 38.97% in Microsoft Corp (NASDAQ:MSFT), 16.9% in Dutch Bros Inc (NYSE:BROS), 13.04% in Uber Technologies Inc (NYSE:UBER), 12.21% in Quanta Services Inc (NYSE:PWR), and 7.95% in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM). The holdings are mainly concentrated in 4 of the 11 industries: Technology, Consumer Cyclical, Industrials, and Consumer Defensive. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
