Iconiq Capital cuts holding in Alibaba by half, picks stake in Tesla

Iconiq Capital cuts holding in Alibaba by half, picks stake in Tesla

Chance Chan / Reuters

Iconiq Capital, which helps manage the fortunes of Silicon Valley billionaires, reduced its position in Alibaba Group Holding Ltd last quarter by about half and purchased shares of Tesla Motors Inc.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter