Black Creek Dumps 999,000 Shares of Baidu Stock Worth $49.1 Million

Core Insights - Black Creek has reduced its stake in Baidu at a significant time, as the stock experienced a 54% increase in Q3 2025 after years of stagnant trading [1] Company Overview - Baidu, Inc. is a prominent Chinese technology firm focused on internet search, digital marketing, and cloud services, leveraging AI capabilities and a large user base to provide integrated digital solutions [2] - The company serves businesses seeking digital marketing and cloud solutions, as well as consumers using its search and entertainment platforms [3] Financial Performance - As of November 11, 2025, Baidu shares were priced at $131.95, reflecting a 49.47% increase over the past year, outperforming the S&P 500 by 34.13 percentage points [3] - Black Creek's holding in Baidu decreased from 7.11% to 4.93% of its reported U.S. equity AUM, following a sale of 998,716 shares valued at $49.13 million, leaving 793,718 shares valued at $104.59 million at quarter-end [3][4] Investment Strategy - Black Creek's decision to sell Baidu shares is notable due to the 56% reduction in position size, marking the largest negative adjustment by percentage among its 28 stocks in Q3 [5] - Despite the reduction, Black Creek still retains 44% of its Baidu shares, indicating a potential strategy of profit-taking amid the stock's price increase [6]