Tree Line Advisors Hong Kong Ltd. trimmed its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 23.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 720,000 shares of the information services provider’s stock after selling 220,000 shares during the quarter. JD.com accounts for approximately 9.4% of Tree Line Advisors Hong Kong Ltd.’s investment portfolio, making the stock its 3rd largest holding. Tree Line Advisors Hong Kong Ltd. owned approximately 0.05% of JD.com worth $57,463,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Burleson & Company LLC bought a new stake in shares of JD.com in the first quarter valued at about $25,000. Meridian Wealth Partners LLC bought a new stake in shares of JD.com in the first quarter valued at about $28,000. Harbour Investments Inc. bought a new stake in shares of JD.com in the first quarter valued at about $39,000. Wagner Wealth Management LLC purchased a new position in JD.com in the first quarter valued at about $40,000. Finally, Institutional & Family Asset Management LLC raised its holdings in JD.com by 500.0% in the first quarter. Institutional & Family Asset Management LLC now owns 534 shares of the information services provider’s stock worth $45,000 after purchasing an additional 445 shares in the last quarter. Institutional investors and hedge funds own 37.10% of the company’s stock.