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3G Capital Partners, co-founded by Brazilian billionaire Alexandre Behring, set its sights on the e-commerce giant JD.com (NASDAQ:JD) during Q4 2023. Simultaneously, the firm made a strategic exit from its positions in the Google-parent Alphabet (GOOG) (GOOGL) and chip designer Arm (NASDAQ:ARM).
Revealed through its most recent 13F filing, covering the three months ending December 31, 2023, 3G Capital’s move signaled confidence in JD.com while taking a step back from Alphabet and Arm.
In a curious maneuver, 3G Capital acquired 700K U.S.-listed shares of JD.com (JD) within the quarter. It concurrently upped its stake in Meta Platforms (META) to 92.5K class A shares in Q4 from 78K in Q3, 2023.
In contrast, the firm divested its interests in the tune of 72.5K shares in Alphabet’s (GOOGL) class A capital stock and 20K U.S.-listed shares in Arm (ARM). 3G Capital also offloaded its 115K class A shares in used car seller Carvana (CVNA) and 105K shares in casino and resorts operator Wynn Resorts (WYNN).
The fund also scaled back its holdings by trimming its position in Amazon (AMZN) to 135K shares in Q4 from 147.5K in Q3, devaluing its stock in the Chinese e-commerce firm Alibaba (BABA) to 125K U.S.-listed shares from 217.5K, and dwindling down its stake in Pinduoduo-owner PDD (PDD) to 105K U.S.-listed shares from 205K.
Forbes reported Alexandre Behring’s real-time net worth at a staggering $6.1B, underscoring his clout in the investment landscape.
More Insights on 13F Filings
- Larry Robbins’ Glenview Capital takes in Marvell, cuts stake in Intel and exits Microsoft
- Soros Fund exits Arm, FMC, Trinity; enters KeyCorp, Avantor
- Druckenmiller’s Duquesne drops Alibaba, Amazon; picks up Barrick Gold, Newmont
- Buffett’s Berkshire Hathaway sheds Stoneco, D.R. Horton, Markel stakes
- Tudor Investment exits Airbnb, Adobe; boosts Nvidia, Splunk
