FountainCap Research & Investment Hong Kong Co. Ltd. acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, HoldingsChannel reports. The fund acquired 15,697 shares of the specialty retailer’s stock, valued at approximately $3,560,000. Alibaba Group accounts for 10.5% of FountainCap Research & Investment Hong Kong Co. Ltd.’s holdings, making the stock its 2nd biggest holding. A number of other institutional investors also recently modified their holdings of BABA. Logan Capital Management Inc. purchased a new position in Alibaba Group during the 1st quarter valued at $29,000. Sageworth Trust Co purchased a new position…