$Alibaba(BABA)$ JB Global Capi

$Alibaba(BABA)$ JB Global Capital, an investment firm, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. During Q4 2025, JB Global Capital reported an 8.9% decline, largely driven by a sharp drop in Alibaba, its largest holding, while global markets posted modest gains. Despite the quarter’s setback, the fund delivered a strong full-year return of 67.5% and stands at 108.9% since inception, outperforming major benchmarks. The letter explains that 2025 market gains were heavily concentrated in a small group of mega-cap tech companies, which the fund largely avoids due to valuation discipline. However, the managers remain focused on fundamentals and believe this approach will benefit long-term performance as market leadership shifts. Additionally, please check the fund’s top five holdings to know its best picks in 2025.

BABA

01-12 23:59

USAlibaba

Side	Price	Realized P&L
Sell Close	166.95	+4.58% Closed

Alibaba

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zingzy
01-13
zingzy
Solid discipline! Long-term gains rock. [开心]

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