Ray Dalio acquired 2.79 Million JD.com shares worth $90.3 Million. That's 0.41% of their equity portfolio (57th largest holding). The first JD.com trade was made in Q2 2018. Since then Ray Dalio bought shares ten more times and sold shares on seven occasions. The investor's estimated purchase price is $112 Million, resulting in a loss of 19%.
The world’s biggest institutional investors are at odds over Chinese stocks just months after singing from the same song sheet.
Ray Dalio’s giant hedge fund completely exited the five US-listed Chinese tech companies last quarter amid delisting risk and heightened geopolitical tensions.