Howard Marks acquired 2.17 Million JD.com- ADR shares worth $55.3 Million. That's 1.04% of their equity portfolio (22nd largest holding). The first JD.com- ADR trade was made in Q2 2014. Since then Howard Marks bought shares seven more times and sold shares on four occasions. The investor's estimated purchase price is $73.6 Million, resulting in a loss of 25%.