Toro Investment Partners

[Mountainbiker]

Does Toro actually own 7.6M ADRs or 7.6M common shares. 7.6M common shares does not put them at the 5% level while 7.6M ADRs does. And the 13-G filed shows them owning ADRs, not common shares, which would make their entire NQ position ~$100M. See below: http://archive.fast-edgar.com/20131112/A...-yNFG-q-1/ "American Depositary Shares each representing five Class A Ordinary Shares, par value $0.0001 per share (Title of Class of Securities)"

According to Bloomberg they own 1.518 million ADR's  4.88%

Other big holders:

Altimeter   1.899            6.11%

Oberweis 1.802             5.8%

Chinarock 1.711            5.5%

GSR Partners  1.437     4.63%

B of A 1.304                  4.31%

I just checked these numbes from Bloomberg as well. They are correct. Top 4 holders account for 22.29% or 6.9 million shares of the FLOAT ( not the total number of shares outstanding.)