From Yahoo Finance:

Ariel Investments released its “Ariel Global Fund” fourth-quarter 2023 investor letter, with returns of +8.40% gross of fees (+8.18% net of fees) compared to the MSCI ACWI Index’s +11.03%. The top 5 holdings of the fund in 2023 are highlighted in the report, offering insights into their investment strategy.

Baidu, Inc. (NASDAQ:BIDU) was a featured stock in the Ariel Global Fund’s fourth-quarter 2023 investor letter, closing at $102.18 per share on March 22, 2024. Despite challenges in China’s economic landscape, Ariel Investments remains enthusiastic about Baidu’s longer-term potential for revenue growth and margin expansion.

Baidu, Inc. (NASDAQ:BIDU) was not among the 30 most popular stocks among hedge funds in the fourth quarter of 2023 but was held by 48 hedge fund portfolios, up from 44 in the previous quarter. Investors can explore more about Baidu, Inc. (NASDAQ:BIDU) and other top Chinese stocks in recommended articles and investor letter resources provided by Insider Monkey.



Read more at Yahoo Finance: Do You Believe in the Long-Term Growth Prospects of Baidu (BIDU)?