Core Viewpoint - Alibaba's stock price has reached its highest level since November 2021, with a year-to-date increase of nearly 100% [1] Group 1: Investment Activity - Cathie Wood's ARK Investment Management has restarted its position in Alibaba, purchasing approximately $16.3 million in American Depositary Receipts (ADRs) through its ETFs ARKW and ARKF [1] - This marks the first time ARK has re-entered Alibaba since 2021, and it is also Wood's first holding in the company in nearly four years [1] - ARK Investment initially bought Alibaba stock shortly after its IPO in 2014 and had adjusted its position multiple times until it cleared its holdings by September 2021 [1] Group 2: Market Context - The renewed investment in Alibaba coincides with a broader positive sentiment in the U.S. market for Chinese stocks, particularly since the Nasdaq Golden Dragon China Index has been rising since September [1] - Other Chinese tech stocks, such as Baidu, have also seen significant rebounds recently, indicating a potential trend in the sector [1] Group 3: Investment Strategy - ARK's investment strategy is characterized by a high turnover rate, suggesting that the recent purchase of Alibaba ADRs may not indicate a long-term holding [2] - The future of Alibaba's ADR position, including the potential for further investment and the duration of the holding, remains uncertain [2]
“木头姐”四年来首次买入阿里巴巴,两只ETF合计约1630万美元