Cederberg Capital Ltd 13F annual report
Cederberg Capital Ltd is an investment fund managing more than $304 million ran by Joseph Reynolds. There are currently 5 companies in Mr. Reynolds’s portfolio. The largest investments include Pinduoduo Inc and New Oriental Ed Technology, together worth $210 million.
$304 million Assets Under Management (AUM)
As of 7th August 2024, Cederberg Capital Ltd’s top holding is 951,000 shares of Pinduoduo Inc currently worth over $126 million and making up 41.6% of the portfolio value.
In addition, the fund holds 1,072,700 shares of New Oriental Ed Technology worth $83.4 million.
The third-largest holding is NetEase Inc worth $67.9 million and the next is TAL Education worth $24 million, with 2,248,587 shares owned.
Currently, Cederberg Capital Ltd's portfolio is worth at least $304 million. 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 Cederberg Capital Ltd
The Cederberg Capital Ltd office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Joseph Reynolds serves as the CHIEF OPERATING OFFICER AND CHIEF COMPLIANCE OFFICER at Cederberg Capital Ltd.
Recent trades
There are companies that Cederberg Capital Ltd is getting rid of from its portfolio.
Cederberg Capital Ltd closed its position in Petroleo Brasileiro Sa Petro on 14th August 2024.
It sold the previously owned 103,000 shares for $1.54 million.
Joseph Reynolds also disclosed a decreased stake in Pinduoduo Inc by 0.2%.
This leaves the value of the investment at $126 million and 951,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Cederberg Capital Ltd are Lucha Capital Management, L.P. and New Amsterdam Partners ny. They manage $304 million and $304 million respectively.
Joseph Reynolds investment strategy
Cederberg Capital Ltd’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Technology — making up 22.3% of
the total portfolio value.
The fund focuses on investments in the China as
40.0% of the portfolio companies
are based in the China.
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
20% 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 $25.5 billion.
The complete list of Cederberg 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 |
|---|---|---|---|
| Pinduoduo Inc |
16.04%
951,000
|
$126,435,000 | 41.56% |
| New Oriental Ed Technology |
14.38%
1,072,700
|
$83,381,000 | 27.41% |
| NetEase Inc |
14.84%
709,975
|
$67,859,000 | 22.30% |
| TAL Education Group |
15.05%
2,248,587
|
$23,992,000 | 7.89% |
| Nu Hldgs Ltd |
No change
200,000
|
$2,578,000 | 0.85% |
| Petroleo Brasileiro Sa Petro |
Closed
103,000
|
$1,535,000 | |
| No transactions found | |||
| Showing first 500 out of 6 holdings | |||
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