Trade Tracker: Steve Weiss trims PDD Holdings, the KWEB and sells SLB
Portfolio Pulse from
Steve Weiss, founder and managing partner at Short Hills Capital Partners, has made significant changes to his portfolio. He has trimmed his holdings in PDD Holdings and the KraneShares CSI China Internet ETF (KWEB), and has sold his position in SLB.
March 03, 2025 | 6:45 pm
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NEGATIVE IMPACT
Steve Weiss has trimmed his position in the KraneShares CSI China Internet ETF (KWEB), possibly reflecting concerns about the Chinese internet sector.
Trimming the position in KWEB suggests Weiss may have concerns about the performance of Chinese internet companies.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Steve Weiss has reduced his holdings in PDD Holdings, which may indicate a lack of confidence in the stock's short-term performance.
The decision to trim holdings suggests that Weiss may anticipate a downturn or lack of growth in PDD's stock price in the near future.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Steve Weiss has sold his entire position in SLB, indicating a bearish outlook on the stock.
Selling the entire position in SLB suggests a strong bearish sentiment or a strategic reallocation of capital.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90