Dimitrios Kambouris
3G Capital Partners, the investment firm co-founded by Brazilian billionaire Alexandre Behring, exited its stake in Alibaba (New York Stock Exchange: BABY) and took positions in Li Auto (NASDAQ: LI) and Coupang (New York Stock Exchange: CPNG) in the first quarter of 2024, among other changes.
3G Capital revealed the information in his last 13F filing for the three months ended March 31, 2024, published Wednesday.
In the first quarter, the fund dumped the 125,000 U.S. depositary shares it held in Chinese e-commerce major Alibaba (BABA). He also cashed out his positions in Bill (BILL), a financial trading platform for small and medium-sized businesses, and Remitly Global (RELY), an online remittance service.
3G Capital acquired 470,000 US depositary shares of Chinese electric vehicle maker Li Auto (LI) and 725,000 class A shares of South Korean e-commerce giant Coupang (CPNG) in the first quarter.
The fund also opened new stakes in the following: 100,000 series A shares in data and marketing automation platform Klaviyo (KVYO); 115,000 shares of semiconductor equipment maker Applied Materials (AMAT); and 325,000 class A shares in mobile application company AppLovin (APP).
In other measures, 3G Capital nearly tripled its investment in PDD (PDD), parent of Pinduoduo and operator of Temu, to 295,000 US depositary shares. It also increased its holdings in independent insurance agency Goosehead Insurance (GSHD) by 50% to 375,000 Class A shares, and in semiconductor company Analog Devices (ADI) by 9.7% to 170,000 shares.
The fund kept its holdings in facebook parent Meta Platforms (META) and retail and technology giant amazon.com (AMZN) unchanged.
According to Forbes, Alexandre Behring net worth in real time It is 6.3 billion dollars.
