Temasek cuts Alibaba stake, buys Antero Resources shares

Singapore

TEMASEK Holdings pared its investment in Alibaba Group Holding Ltd for a second consecutive quarter while emerging as a shareholder of oil and gas producer Antero Resources Corp.

The Singapore state-owned firm sold 4.1 million American depository receipts in the Jack Ma-run company, leaving it with 35.5 million at the end of December, according to a filing with the US Securities and Exchange Commission on Tuesday. Alibaba is now the second largest holding in Temasek's US stocks portfolio, comprising 25 per cent.