"Contrarian Capital Management, L.L.C. disclosed a new position in Baidu , acquiring 102,139 shares for a total value of $13,458,856 as of September 30, 2025. Acquired 102,139 shares in Baidu, creating a new position valued at $13,458,856 Transaction equaled 3.3961% of 13F reportable assets under management Post-trade stake: 102,139 shares, valued at $13,458,856 This new position places Baidu outside the fund's top five holdings by value"
"According to a November 13, 2025, SEC filing, Contrarian Capital Management, L.L.C. reported a new stake in Baidu , acquiring 102,139 shares valued at $13,458,856 at quarter-end. This addition represented 3.3961% of the fund's $396.31 million in U.S. equity assets, with Baidu joining a portfolio of 35 reportable holdings. The Baidu position is new and accounts for 3.3961% of Contrarian's 13F assets as of September 30, 2025 Top holdings after the filing: NYSE: HSBC: $89.84 million (23.5% of AUM) NYSE: GGB: $59.11 million (15.5% of AUM) NYSE: BUR: $48.38 million (12.7% of AUM)"
"Offers online marketing, cloud services, AI-driven products, and operates the iQIYI entertainment video platform. Generates revenue primarily through search-based and feed-based advertising, cloud computing services, and digital content subscriptions. Serves businesses seeking digital marketing solutions and consumers using online search, video streaming, and cloud platforms in China. Baidu, Inc. is a leading internet and AI company in China, leveraging its core search and cloud platforms to deliver"
Contrarian Capital Management acquired 102,139 Baidu shares valued at $13,458,856 as of September 30, 2025. The position represented 3.3961% of the fund's $396.31 million in U.S. equity assets and joined a portfolio of 35 reportable holdings. The new stake placed Baidu outside the fund's top five holdings by value. As of November 12, 2025, Baidu shares traded at $128.94, up 52.05% over the past year and outperforming the S&P 500 by 31.90 percentage points. Baidu offers online marketing, cloud services, AI-driven products, operates the iQIYI platform, and derives revenue from advertising, cloud services, and digital content subscriptions.
Read at The Motley Fool
Unable to calculate read time
Collection
[
|
...
]