AlibabaAlibaba weighed on a fund’s Q2 performance, with the fund down 12.1% largely due to its largest holding. Since January 3, 2023, the fund returned 109.7% versus 94.4% for the S&P 500. Alibaba’s results described deliberate capital redirection into AI infrastructure, while its stock closed at $132.28 on Aug 10, 2026.
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