Cathy Wood's flagship fund, Ark Innovation ETF, bought China's second-largest e-commerce company last FridayJingdongThe 36,6879 shares are worth about 2,770 sleeping pills.
Wood's company has been increasing its holdings recentlyBabaSome of its competitors' stocks now account for more than Alibaba's portfolio.
Prior to last Friday's deal, the ARK Innovation ETF held JD shares worth about US$112.5 million, accounting for 2.94% of its weight, ranking 12th out of 47 stocks held by the fund.