Discovery Value Fund 13F annual report

Discovery Value Fund is an investment fund managing more than $171 billion ran by Bao Chunling. There are currently 5 companies in Mr. Chunling’s portfolio. The largest investments include DoorDash Inc and Intellia Therapeutics Inc, together worth $149 billion.

$171 billion Assets Under Management (AUM)

As of 4th August 2023, Discovery Value Fund’s top holding is 1,648,516 shares of DoorDash Inc currently worth over $126 billion and making up 73.8% of the portfolio value. Relative to the number of outstanding shares of DoorDash Inc, Discovery Value Fund owns more than approximately 0.1% of the company. In addition, the fund holds 561,561 shares of Intellia Therapeutics Inc worth $22.9 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Sea Ltd worth $15.9 billion and the next is Apple Inc worth $3.1 billion, with 15,998 shares owned.

Currently, Discovery Value Fund's portfolio is worth at least $171 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 Discovery Value Fund

The Discovery Value Fund office and employees reside in Singapore, Singapore. According to the last 13-F report filed with the SEC, Bao Chunling serves as the Authorized Signatory at Discovery Value Fund.

Recent trades

In the most recent 13F filing, Discovery Value Fund revealed that it had opened a new position in Apple Inc and bought 15,998 shares worth $3.1 billion.

On the other hand, there are companies that Discovery Value Fund is getting rid of from its portfolio. Discovery Value Fund closed its position in Tesla Inc on 10th August 2023. It sold the previously owned 194,124 shares for $23.9 billion. Bao Chunling also disclosed a decreased stake in DoorDash Inc by 0.5%. This leaves the value of the investment at $126 billion and 1,648,516 shares.

One of the smaller hedge funds

The two most similar investment funds to Discovery Value Fund are Sentinus and Hc Advisors. They manage $171 billion and $171 billion respectively.

Bao Chunling investment strategy

Discovery Value Fund’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Communication Services — making up 83.1% of the total portfolio value. The fund focuses on investments in the United States as 80.0% of the portfolio companies are based in the United States.

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 60% 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 $407 billion.

The complete list of Discovery Value Fund trades based on 13F SEC filings

These positions were updated on August 10th 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
DoorDash Inc	46.82% 1,648,516	$125,979,593,000	73.78%
Tesla Inc	Closed 194,124	$23,912,194,000
Intellia Therapeutics Inc	1.99% 561,561	$22,900,458,000	13.41%
Lithium Amers Corp New	Closed 1,017,535	$19,282,288,000
Sea Ltd	86.75% 273,620	$15,880,905,000	9.30%
Apple Inc	Opened 15,998	$3,103,132,000	1.82%
Teladoc Health Inc	88.08% 113,998	$2,886,429,000	1.69%
Albemarle Corp.	Closed 3,317	$719,325,000
No transactions found
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