Cortland Associates Sheds JD Shares Worth $11.7 Million, as Competition Heats Up

Group 1 - Cortland Associates sold 373,236 shares of JD.com for an estimated $11.67 million during the fourth quarter of 2025, resulting in a decline of $14.03 million in the fund's JD.com position over the quarter [2][3] - After the sale, JD.com now represents 0.56% of Cortland Associates' U.S. equity assets under management, with the fund holding 155,104 shares valued at $4.45 million [2][3] - As of January 27, 2026, JD.com shares were priced at $29.50, reflecting a 24.7% decline over the past year and underperforming the S&P 500 by 40.76 percentage points [3] Group 2 - JD.com reported a total revenue of $180.73 billion and a net income of $4.88 billion for the trailing twelve months [4] - The company has a dividend yield of 3.37% and its stock price as of January 27, 2026, was $29.50 [4] - JD.com is recognized as a leading technology-driven e-commerce and supply chain company in China, leveraging extensive logistics infrastructure and proprietary technology to efficiently deliver a wide range of products [6][8]