Institutional Insights: Hedge Funds' Moves on Alibaba Group (BABA)

2024-03-12

At the quarter ending on December 31, 2023, data from sharkstracker.com revealed that 1104 hedge funds collectively held 446,055,559 shares of Alibaba Group (BABA). Additionally, 9 ETFs maintained positions in BABA, with a total of 466,242 shares in their portfolios.

During the same quarter, 350 hedge funds were actively buying BABA shares, while 523 were selling off their holdings. The total number of BABA shares purchased amounted to 64,766,471, whereas 78,000,281 shares were sold. Notably, 97 hedge funds significantly increased their positions in BABA, while 22 funds decided to offload at least 90% of their BABA shares.

Among the top institutional holders of BABA were PRIMECAP MANAGEMENT CO/CA, Dodge & Cox, and Sanders Capital, LLC. Conversely, FMR LLC, CITADEL ADVISORS LLC, and BANK OF AMERICA CORP/DE were identified as more pessimistic institutions. On the optimistic side, SUSQUEHANNA INTERNATIONAL GROUP, LLP, and NORGES BANK stood out as the most positive institutions based on their holdings.

The insights provided by sharkstracker.com offer a detailed and data-driven perspective on the market activity surrounding Alibaba Group, serving as a valuable resource for investors and analysts alike.