Oriental Harbor Adds $39.5 Million Alibaba Stake After Strong Quarter and Surging AI Growth

Hong Kong-based Oriental Harbor Investment Master Fund took a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, establishing a position valued at approximately $39.5 million as of September 30, according to an SEC filing released on Tuesday.According to a U.S. Securities and Exchange Commission (SEC) filing released on Tuesday, Oriental Harbor Investment Master Fund initiated a new position in Alibaba during the third quarter. The fund purchased approximately 221,003 shares, with an estimated transaction value of $39.5 million, based on the quarter’s average price. The position accounted for 3.1% of the fund’s reportable U.S. equity assets as of September 30.This new position now accounts for 3.1% of the fund’s 13F reportable AUM as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool