Is Indus Capital More Bullish on Jamba, Inc. (JMBA) than on Alibaba Group Holding Ltd (BABA)?

Since its IPO in September last year Alibaba Group Holding Ltd (NYSE:BABA)‘s stock has slid by about 8.6%. After slashing its stake by 30% during the December-March quarter, Indus’ holding in the e-commerce giant amounts to 769,800 shares valued at $64.08 million. According to the Wall Street Journal, Alibaba Group Holding Ltd (NYSE:BABA) is trying to place a bet on the Indian e-commerce industry by jointly investing about $500 million in Snapdeal.com with Foxconn Technology. This would give the two companies a joint stake of about 10%. However, Indian regulatory approval still awaits. Among the billionaires that we track, 14 had an aggregate investment of $2.86 billion in Alibaba Group Holding Ltd (NYSE:BABA) at the end of March, as compared to 15 billionaires with $4.45 at the end of the previous quarter. Rob Citrone’s Discovery Capital Management is the largest stockholder among those with 8.77 million shares valued at $730.36 million.

During the first quarter Indus cut its stake in Sunedison Inc (NYSE:SUNE) by 24% to 5.59 million shares valued at $134.21 million. Being the fund’s largest holding, the stake represented 26.43% of Indus’ portfolio value. The decision to cut the position could have been one of Indus’ profit-taking moves since the stock gained 24% in the first three months of the year alone. The operator of clean power generation assets is expanding as it recently announced plans to acquire Central America’s largest renewable energy firm, GME, and also Continuum Wind Energy, which operates wind plants in the Indian states of Maharashtra and Gujrat. David Einhorn‘s Greenlight Capital is the largest stockholder of Sunedison Inc (NYSE:SUNE), among the funds that we track, owning some 24.95 million shares valued at $598.89 million.

Disclosure: None