Was Ronald Hua’s QTRON Investments Right About These 10 Stocks?

In this article, we discuss the top 10 stocks of Ronald Hua’s QTRON Investments based on its Q3 2021 holdings and evaluate its performance based on the performance of these stocks over the past 12 months. You can skip our detailed analysis of Hua’s history, investment philosophy and hedge fund performance, go directly to Were Ronald Hua’s QTRON Investments Right About These 5 Stocks?.

We prepared the actual content of this article almost a year ago when we analyzed QTRON’s third quarter 2021 13F portfolio. We publish this article today because it is always interesting for the readers to analyze how good the so-called “smart money” is when it comes to stock picking. When we look at hedge fund stock picks in hindsight, we can better analyze their performance and see if they were right or wrong. A one-year window is sufficient to evaluate the performance of any stock.

In this article you will see QTRON’s top 10 stock picks based on its Q3 2021 portfolio. For a stock we have mentioned its performance for the past 12 months since November 19.

As you will see, most of the stocks in QTRON’s portfolio have been crushed by the macroeconomic headwinds that have emerged in 2022. However, many of these stocks could rebound in 2023 as several analysts believe the worst is over. for the market. At the time of writing we have mentioned analyst ratings for these stocks from famous Wall Street analysts. It would be interesting for our readers to see how right or wrong these analysts’ price targets and calls were.

Ronald Hua is the co-founder of QTRON Investments. He has investment management experience spanning 20 years. Before co-founding QTRON Investments, he was a partner at Goldman Sachs Asset Management and he served as Chief Investment Officer in the Quantitative Investment Strategies Group from 2011 to 2016. At GSAM, he was responsible for overseeing active quantitative equity strategies and GSAM Insights. Funds total $25 billion. Mr. Ronald Hua holds an MBA and MS in Computer Science from New York University. He is also a CFA charter holder.

According to the 2021 third quarter 13F filings, the hedge fund’s portfolio value was $371.72 million. Hua’s portfolio mainly consists of investments focused on the technology, financial, and healthcare sectors.

Some of the top stocks in QTRON Investments’ portfolio at the end of the third quarter of 2021 were Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Alphabet Inc. (NASDAQ:GOOG), among others. .

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10. JD.com, Inc. (NASDAQ:JD)

Interest Value of QTRON Investments: $4.9 million

Percentage of QTRON Investments’ 13F Bet: 1.32%

JD Performance over the Past 12 Months to November 19: -38%

JD.com, Inc. (NASDAQ:JD) is the second largest e-commerce company in China when it comes to transaction volume. The company offers a wide selection of genuine products at competitive prices and it provides fast and reliable delivery.

Financial services company Macquarie Group has resumed coverage and given an outperform rating with a price target of $112. Analyst Ellie Jiang predicts that growth momentum is likely to continue in 2022.

At the end of 2021Q3, 66 hedge funds in Insider Monkey’s database held $9.06 billion worth of JD.com, Inc. (NASDAQ:JD), down from 76 in the previous quarter worth $10.7 billion.

Argosy Investors, an investment management firm, published its Q3 2021 investment letter and mentioned JD.com, Inc. (NASDAQ:JD). Here’s what Argosy Investors has to say about the company:

“We sold JD as a result of the frenzy over Chinese stocks during the quarter. We’ve been concerned about China’s lack of respect for investor rights for some time, and Beijing has become significantly more aggressive in asserting itself recently. In addition, the legal structure that Chinese companies use to go public in the US, a Cayman Islands shell corporation leaves US investors with an uncertain path to recovering value if these companies stop trading on US exchanges. Due to the uncertainty, we completely exited our position in JD. We still love JD’s long-term prospects, but we can no longer assess the legal/regulatory risk associated with these companies. More broadly, we are freeing up cash for some other positions we already own that have declined in this market, and upon further review, remain attractive.”

9. Infosys Limited (NYSE:INFY)

Interest Value of QTRON Investments: $5.2 million

Percentage of QTRON Investments’ 13F Bet: 1.4%

InfosysDominion of the Past 12 Months to November 19: -17%

Infosys Limited (NYSE:INFY) is the global IT service provider and is based in Bangalore. The company provides traditional IT service offerings. These include consulting, managed services and cloud infrastructure services, and business process outsourcing as a service. Ronald Hua’s QTRON Investments increased stake in Infosys Limited (NYSE:INFY) by 4% during the third quarter of 2021 compared to the second quarter.

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The company represents 1.4% of the total investment portfolio of QTRON Investments at the end of the third quarter of 2021.

At the end of 2021Q3, 29 hedge funds in Insider Monkey’s database held $2.47 billion worth of Infosys Limited (NYSE:INFY), up from 22 in the previous quarter worth $2.15 billion.

8. Petroleo Brasileiro SA – Petrobras (NYSE:PBR)

Interest Value of QTRON Investments: $5.2 million

Percentage of QTRON Investments’ 13F Bet: 1.4%

Oil Performance Over the Past 12 Months as of November 19: +16%

Petróleo Brasileiro SA – Petrobras (NASDAQ:PBR) is a Brazilian company and is one of the largest producers of oil and gas in the world. The company is mainly engaged in exploration and production, refining, energy production and trading. Ronald Hua’s QTRON Investments increased investment in Petróleo Brasileiro SA – Petrobras (NASDAQ:PBR) by 24% during the third quarter of 2021 compared to the second quarter.

The company represents 1.4% of QTRON Investments’ total investment portfolio at the end of the third quarter of 2021. At the end of the third quarter of 2021, 23 hedge funds in Insider Monkey’s database held investments worth $3 billion in Petróleo Brasileiro. SA – Petrobras (NASDAQ:PBR). In the previous quarter, 25 hedge funds held investments worth $2.79 billion.

In the third quarter of 2021, Petróleo Brasileiro SA – Petrobras (NASDAQ:PBR) reported sales revenues of $23.2 billion and adjusted EBITDA of $11.6 billion.

7. ICICI Bank Limited (NYSE:IBN)

Interest Value of QTRON Investments: $5.4 million

Percentage of QTRON Investments’ 13F Bet: 1.44%

ICICI Performance for the Past 12 Months as of November 19: +11%

ICICI Bank Limited (NYSE:IBN) is engaged in offering banking services. Its operating segments include retail banking, wholesale banking, treasury, and other banking business.

At the end of 2021Q3, 28 hedge funds in Insider Monkey’s database held $2.62 billion worth of ICICI Bank Limited (NYSE:IBN). Ronald Hua’s QTRON Investments increased its investment in the company by 27% during the third quarter of 2021 compared to the second quarter.

6. Meta Platforms, Inc. (NASDAQ:FB)

Interest Value of QTRON Investments: $5.6 million

Percentage of QTRON Investments’ 13F Bet: 1.5%

Meta Performance over the Past 12 Months to November 19: -67%

Meta Platforms, Inc. (NASDAQ:FB), formerly known as Facebook, is the world’s largest online social network, with 2.5 billion monthly active users. The company’s ecosystem consists mainly of the Facebook application, Instagram, Messenger, WhatsApp, and several functions around these products. The users can access Facebook with the help of their mobile devices and desktops.

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Ronald Hua’s QTRON Investments increased investment in Meta Platforms, Inc. (NASDAQ:FB) by 13% during the third quarter of 2021 compared to the second quarter. At the end of the third quarter of 2021, 248 hedge funds in Insider Monkey’s database held $38.5 billion worth of Meta Platforms, Inc. (NASDAQ:FB), down from 266 in the previous quarter worth $42.3 billion.

Jefferies Group, an investment management firm, published its third quarter 2021 investment letter and mentioned Meta Platforms, Inc. (NASDAQ:FB). Here’s what Jefferies Group has to say about the company:

“Although still early, FB is in the process of building the platforms that will ultimately support the development of the Metaverse. We look at FB’s position through the lens of 4 current investment initiatives: 1) Oculus VR hardware, 2) smart glasses, 3) Augmented Reality lenses, and 4) “Horizon Workrooms”

Oculus Virtual Reality hardware: Since acquiring Oculus in 2014 ($2B business), FB has focused on developing best-in-class hardware and complementary software and services to support VR experiences. The Oculus Quest 2 is FB’s latest VR headset; it retails for $299 and allows users to play games, try fitness classes, play sports and watch concerts in virtual environments. Most importantly, Quest 2 is linked to users’ Facebook accounts, which means users can seamlessly connect with friends in virtual environments to play games or spend time together. We believe one of FB’s biggest differentiators in VR is its large set of non-gaming experiences that were designed for Oculus. For example, users can explore extreme terrain in National Geographic Explore VR, join virtual fitness classes or pretend to be a chef. As FB’s hardware continues to improve and become less cumbersome, we would expect a flywheel of greater VR adoption for developers and users.”

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Disclosure: None. Were Ronald Hua’s QTRON Investments Right About These 10 Stocks? is originally published on Insider Monkey.

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