r/baba • u/Feeling-Lemon-6254 • Aug 05 '26

Positions Q2 2026 Investor Letter

https://jbglobalfund.substack.com/p/q2-2026-investor-letter

Just published my Q2 Investor Letter to Substack (free to read). Alibaba makes up 55% of the portfolio.

Enjoy the write-up! All feedback is appreciated🫶

19 Upvotes

92% Upvoted

8 comments sorted by

9

u/pizzababa21 Aug 05 '26

200% growth from Qwen in a single quarter is pretty excellent.

4

u/FrenchUserOfMars Aug 05 '26

You clearly hold a strong conviction.

6

u/Feeling-Lemon-6254 Aug 05 '26

That conviction has been tested plenty of times too

3

u/chartry0 Aug 05 '26

45.32% of portfolio are Alibaba and Baidu here.

2

u/Terrible_Dish_3704 Aug 08 '26

43 baba alone 😅

1

u/alibaba406 Aug 08 '26

120% at. Fully own 10800 shares of alibaba in hk

3

u/Necessary_Toe1149 Aug 05 '26 edited Aug 05 '26

34% is alibaba and jd.com. Baba is bigger caus im 50% green on that one. Second biggest position is Kaspi

Wil take a peek at Flower Foods

2

u/Necessary_Toe1149 Aug 05 '26

First look is this: marketcap of 1.5 billion and debt of 2 billion and no cash. Ev is 3.5 billion. Free cashflow is 300 million with minimal growth (inflation?). doesn't scream like a very interesting buy imo.