Blue Creek Capital Management Ltd 13F annual report

Blue Creek Capital Management Ltd is an investment fund managing more than $135 billion ran by Li Chen. There are currently 6 companies in Chen’s portfolio. The largest investments include PDD Inc and Full Truck Alliance Co, together worth $52 billion.

$135 billion Assets Under Management (AUM)

As of 2nd May 2024, Blue Creek Capital Management Ltd’s top holding is 232,221 shares of PDD Inc currently worth over $27 billion and making up 20.0% of the portfolio value. Relative to the number of outstanding shares of PDD Inc, Blue Creek Capital Management Ltd owns more than approximately 0.1% of the company. In addition, the fund holds 3,433,683 shares of Full Truck Alliance Co worth $25 billion, whose value grew 26.4% in the past six months. The third-largest holding is Kanzhun Limited worth $23.2 billion and the next is Tencent Music Entmt Group worth $22.9 billion, with 2,044,668 shares owned.

Currently, Blue Creek Capital Management Ltd's portfolio is worth at least $135 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 Blue Creek Capital Management Ltd

The Blue Creek Capital Management Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Li Chen serves as the COO at Blue Creek Capital Management Ltd.

Recent trades

In the most recent 13F filing, Blue Creek Capital Management Ltd revealed that it had increased its stake in PDD Inc and bought 29,000 additional shares worth around $4 million. This means they effectively own approximately 0.1% of the company. PDD Inc makes up 100.0% of the fund's Consumer Discretionary sector allocation and has grown its share price by 124.1% in the past year.

On the other hand, Li Chen disclosed a decreased stake in Full Truck Alliance Co by approximately 0.1%. This leaves the value of the investment at $25 billion and 3,433,683 shares.

One of the smallest hedge funds

The two most similar investment funds to Blue Creek Capital Management Ltd are Creegan & Nassoura and Westerly Capital Management. They manage $135 billion and $135 billion respectively.

Li Chen investment strategy

Blue Creek Capital Management Ltd’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 20.0% of the total portfolio value. The fund focuses on investments in the China as 50.0% 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 33% 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 $47.2 billion.

The complete list of Blue Creek Capital Management Ltd trades based on 13F SEC filings

These positions were updated on May 9th 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	14.27% 232,221	$26,995,691,000	19.95%
Full Truck Alliance Co. Ltd.	9.39% 3,433,683	$24,962,875,000	18.45%
Kanzhun Limited	19.05% 1,322,431	$23,182,215,000	17.13%
Tencent Music Entmt Group	314.95% 2,044,668	$22,879,835,000	16.91%
New Oriental Ed Technology	41.89% 219,282	$19,038,063,000	14.07%
KE Holdings Inc.	8.60% 1,329,126	$18,248,900,000	13.49%
No transactions found
Showing first 500 out of 6 holdings