JB Global Capital, an investment firm, released its second-quarter 2026 investor letter.
A copy of the letter can be downloaded here
The fund declined 12.1% in Q2, largely driven by Alibaba, its largest holding. However, since inception on January 3, 2023, the fund has returned 109.7%, compared with 94.4% for the S&P 500. Additionally, please check the fund’s top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, JB Global Capital highlighted Alibaba Group Holding Limited (NYSE:BABA). Alibaba Group Holding Limited (NYSE:BABA) is a Chinese multinational company that focuses on cloud computing, e-commerce, and artificial intelligence. On August 10, 2026, Alibaba Group Holding Limited (NYSE:BABA) stock closed at $132.28 per share.