E Fund Management Hong Kong Co. Ltd. lowered its holdings in Baidu, Inc. (NASDAQ:BIDU) by 23.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,232 shares of the information services provider’s stock after selling 21,388 shares during the period. Baidu makes up 8.8% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 4th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Baidu were worth $14,116,000 at the end of the most recent quarter. Other institutional investors and hedge funds…