The No. 1 China equities fund bought only three stocks this year. What are they?

(Aug 24): When Cederberg Capital’s Dawid Krige places a bet, he bets big.

The strategy has worked well for his little-known fund, whose 46% return in 2017 makes it the best-performing active mutual fund investing in greater China equities, data compiled by Bloomberg show. That’s after buying only three stocks this year, and with just 10 names making up 70% of its holdings.

In a market where swings are notoriously large and gains can be dominated by a handful of companies, it helps to double down on your picks and sit tight. Two of Cederberg’s new investments this year were Tencent Holdings and Alibaba Group Holding, which have both treated the fund well, jumping more than 70%.

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