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Pinterest首发可能让大家发财,就算当天没买这只股票

Jen Wieczner 2019年04月24日

这家社交媒体公司的大股东之一是富达投资,后者的众多退休金账户都持有Pinterest的股票,无论账户主人知晓与否。

想借Pinterest首日上市赚一笔的人不一定需要在当天买进这家图片分享社交网站的股票。

普通投资者往往很难参与到Pinterest等热门初创公司的股票交易中。上周四上市当天,该公司股价从19美元的首发价升至24.4美元,涨幅超过28%,原因是私募环节通常由风投资本家和对冲基金主导。而Pinterest的IPO是个例外,这家社交媒体公司的大股东之一是富达投资,后者的众多退休金账户都持有Pinterest的股票,无论账户主人知晓与否。

富达投资对Pinterest的持股比例为7.1%,接近持股9.6%的硅谷著名风投公司安德森-霍洛维茨,同时高于Valiant 6%的股权占比。Valiant是Pinterest的对冲基金出资人之一。富达投资所持股份目前的总价值超过7.87亿美元,其中大多数都在Fidelity Contrafund手中,这是一只提供401(k)退休计划的热门共同基金。

实际上,规模庞大的Fidelity Contrafund管理着1193亿美元的资产,投入Pinterest的还不到0.5%。但相比之下,投入Pinterest的资金已经超过了该基金对推特、可口可乐和迪士尼等公司的投资。

虽然按照IPO计算的价值仅略高于最近一轮私募融资对Pinterest的估值,但富达投资仍然通过后者上市大赚了一笔。举例来说,向证券监管部门提交的文件显示,自从2013年年底开始购买Pinterest股票以来,Fidelity Contrafund对前者的投资回报率已经达到152%。

富达投资的其他几只基金也少量持股Pinterest,包括Fidelity OTC Portfolio、Fidelity Advisor New Insights Fund和Fidelity Series Opportunistic Insights Fund。

同时,Pinterest并非是今年让上述基金受益的唯一科技类IPO。包括这些基金在内,富达投资旗下的基金在叫车服务商Lyft于今年3月上市前都持有其股份,现在它们所持股份的总价值已经超过10亿美元。它们还持有Uber的股份,作为Lyft规模更大的竞争对手,Uber刚刚申请在今后几个月内上市。此外,这些基金还参股了WeWork和爱彼迎(Airbnb)等未上市的高估值企业。

富达投资是近年来在初创公司投资方面变得更为活跃的几家共同基金公司之一。这些投入现在开始给基金投资人带来回报。以Fidelity Contrafund为例,从今年年初到上周三,也就是不包括Pinterest上市当天的飙升,这只基金已经上涨近17%,表现好于标普500指数。对于在富达投资建立了401(k)账户的人来说,从中分一杯羹的可能性很大。(财富中文网)

译者:Charlie

审校:夏林

You didn’t necessarily need to buy stock in the Pinterest IPO to make money off the public market debut of the online scrapbooking company.

It’s often difficult for regular investors to get in on the ground floor of hot startups like Pinterest—whose stock rose more than 28% from its initial public offering price of $19, to $24.4 on its first day trading last Thursday—as venture capitalists and hedge funds typically dominate private funding rounds. Yet the Pinterest IPO is an exception: One of the social media company’s largest shareholders is Fidelity, which owns Pinterest stock on behalf of many retirement savers, whether they know it or not.

Fidelity owns 7.1% of Pinterest, nearly as much as the 9.6% stake held by Andreessen Horowitz, the famed Silicon Valley VC firm, and more than the 6% owned by Valiant, one of Pinterest’s hedge fund backers. Most of Fidelity’s shares, which are now worth more than $787 million in total, are held in the Fidelity Contrafund, a mutual fund that is a popular offering in 401(k) retirement plans.

Indeed, the massive Contrafund oversees $119.3 billion in assets, of which just under half of 1% is invested in Pinterest. To put that in perspective, the fund has bet more money on Pinterest than it has on other holdings such as Twitter, Coca-Cola and Disney.

And although the IPO values Pinterest just modestly above its valuation in its most recent private funding round, Fidelity still reaped a hefty profit from the public listing. Contrafund, for example, has made a 152% return on its Pinterest investment since it began buying the shares in late 2013, according to securities filings.

A few other Fidelity funds also own smaller amounts of Pinterest stock, including the Fidelity OTC Portfolio, the Fidelity Advisor New Insights fund, and the Fidelity Series Opportunistic Insights fund.

And Pinterest isn’t the only tech IPO the funds are benefiting from this year. Fidelity funds, including all the ones mentioned here, owned shares in Lyft before the ride-hailing company went public in March; their stakes are now worth more than $1 billion combined. They also hold stock in Uber, Lyft’s larger rival that just filed for its own IPO in the coming months, as well as other highly valued private companies such as WeWork and Airbnb.

Fidelity is one of a handful of mutual fund companies that have become more active in startup investing in recent years. Those bets are now beginning to pay off for fund investors: Contrafund, for one, was up nearly 17% year to date through last Wednesday—not counting Pinterest’s soaring first day—ahead of the S&P 500’s gain. For those who have a 401(k) plan with Fidelity, there’s a good chance you got a piece of the action too.

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