TOKYO — Prominent U.S. investors like Soros Fund Management and Appaloosa sold off large amounts of Chinese technology stocks in the January-March quarter, Nikkei has found, in what could be seen as an effort to lock in profits before Sino-American trade tensions flared after the return of President Donald Trump.
The analysis covered the number of shares reported by the firms as of the end of March on Form 13F, which institutional investors with stockholdings at least $100 million must submit quarterly to the U.S. Securities and Exchange Commission. Small shareholdings below a certain threshold can be omitted from the filings.