Sumway Development Ltd. Buys Alibaba Group Holding, Amazon.com Inc, JD.com Inc, Sells Noah Holdings

• New Purchases: TAL, JKS,
• Added Positions: BABA, AMZN, JD, FB, REGN, ISRG, CTRP,
• Reduced Positions: NOAH,

For the details of SUMWAY DEVELOPMENT LTD.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=SUMWAY+DEVELOPMENT+LTD.

1. Amazon.com Inc (AMZN) - 114,691 shares, 27.23% of the total portfolio. Shares added by 29.14%
2. Facebook Inc (FB) - 691,648 shares, 25.62% of the total portfolio. Shares added by 4.05%
3. Alibaba Group Holding Ltd (BABA) - 711,450 shares, 24.59% of the total portfolio. Shares added by 70.73%
4. Tesla Inc (TSLA) - 56,697 shares, 5.03% of the total portfolio.
5. Ctrip.com International Ltd (CTRP) - 289,002 shares, 3.82% of the total portfolio. Shares added by 25.33%

Sumway Development Ltd. initiated holdings in TAL Education Group. The purchase prices were between $102.16 and $132.48, with an estimated average price of $117.53. The stock is now traded at around $157.94. The impact to the portfolio due to this purchase was 1%. The holdings were 33,255 shares as of 2017-06-30.

Sumway Development Ltd. initiated holdings in JinkoSolar Holding Co Ltd. The purchase prices were between $16.37 and $21.46, with an estimated average price of $17.94. The stock is now traded at around $27.17. The impact to the portfolio due to this purchase was 0.79%. The holdings were 154,525 shares as of 2017-06-30.

Sumway Development Ltd. added to the holdings in Alibaba Group Holding Ltd by 70.73%. The purchase prices were between $107.44 and $143.95, with an estimated average price of $122.95. The stock is now traded at around $153.32. The impact to the portfolio due to this purchase was 10.19%. The holdings were 711,450 shares as of 2017-06-30.

Sumway Development Ltd. added to the holdings in Amazon.com Inc by 29.14%. The purchase prices were between $884.67 and $1011.34, with an estimated average price of $952.86. The stock is now traded at around $986.92. The impact to the portfolio due to this purchase was 6.14%. The holdings were 114,691 shares as of 2017-06-30.

Sumway Development Ltd. added to the holdings in JD.com Inc by 58.04%. The purchase prices were between $31.11 and $43.08, with an estimated average price of $37.6. The stock is now traded at around $45.30. The impact to the portfolio due to this purchase was 1.37%. The holdings were 386,661 shares as of 2017-06-30.

Sumway Development Ltd. added to the holdings in Regeneron Pharmaceuticals Inc by 80.50%. The purchase prices were between $366.06 and $526.53, with an estimated average price of $435.96. The stock is now traded at around $467.11. The impact to the portfolio due to this purchase was 0.95%. The holdings were 17,689 shares as of 2017-06-30.

Sumway Development Ltd. added to the holdings in Intuitive Surgical Inc by 40.90%. The purchase prices were between $759.34 and $954.16, with an estimated average price of $862.26. The stock is now traded at around $934.16. The impact to the portfolio due to this purchase was 0.88%. The holdings were 13,245 shares as of 2017-06-30.

Sumway Development Ltd. added to the holdings in Ctrip.com International Ltd by 25.33%. The purchase prices were between $47.02 and $58.02, with an estimated average price of $52.95. The stock is now traded at around $57.42. The impact to the portfolio due to this purchase was 0.77%. The holdings were 289,002 shares as of 2017-06-30.