Ray Dalio acquired 2.14 Million JD.com- ADR shares worth $137 Million. That's 0.6% of their equity portfolio (25th largest holding). The first JD.com- ADR trade was made in Q2 2018. Since then Ray Dalio bought shares nine more times and sold shares on six occasions. The stake costed the investor $131 Million, netting the investor a gain of 4.5% so far.