US hedge fund Bridgewater Associates boosted its stakes in Alibaba (HKG:9988), Baidu (HKG:9888), and bought back into JD.com (HKG:9618) in the first quarter, according to a Wednesday filing with the US Securities and Exchange Commission.
Bridgewater's shareholding in Alibaba is now at 5,660,258 shares, equivalent to $748.5 million, the SEC said Wednesday. It rose from 255,023 shares, equivalent to $21.6 million, in the linked quarter, according to a Form 13F document issued in February.
Bridgewater's stake in Baidu also rose to 2,076,305 shares, or $191.1 million, from 196,590 shares, or $16.6 million, the filings said.
The hedge fund also purchased 2,786,833 shares in JD.com for about $114.6 million.
The US investor exited from JD.com three years ago, according to a Yicai Global report filed Thursday.
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