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Third Point, George Soros and D.E. Shaw Riding the Alibaba Group Holding Ltd (BABA) Wave

Alibaba Group Holding Ltd (NYSE:BABA) is enjoying the support of many investors including hedge fund managers who continue to hold the stock in their portfolios. On CNBC, Kayla Tausche, looked at some of these hedge funds holdings after the 13F filings.

George Soros

“Among the biggest stakes, with Third Point with 7.2 million shares, George Soros and D.E. Shaw each had more than 4 million share, John Paulson with 1.9 million shares and Julian Robertson with 1.2 million. Other positions appear relatively new with David Tepper ‘s stake just 725,000 shares would have been valued at about $67 million right about at the stock’s open […],” reported Taushe.

Alibaba Group Holding Ltd (NYSE:BABA) has risen about 70% after its IPO on 19th September, but as far as the question remains how much of this rise was actually cashed in by the hedge funds remains unclear. As Tausche pointed out, these filings only reveal the positions that these hedge funds had in the Chinese e-commerce business as of the end of September. It is unclear whether they continued to hold the stock even after that period or not.

There was a considerable amount of resentment among the hedgies as far as Alibaba Group Holding Ltd (NYSE:BABA)’s IPO was concerned. Apparently, they couldn’t get hold of the shares at the IPO price. This is because the investment bankers were extra careful this time and did not want a repeat of the Facebook IPO.

Hedge funds are notorious for making a quick buck and liquidating their positions as soon as they make enough profits from the initial hype of an IPO. Being the world’s largest IPO, Alibaba Group Holding Ltd (NYSE:BABA) had a lot of that hype going round it.

Alibaba recently released its first Earnings Release, which received a great response from the equity market and the stock rose significantly. The stock is priced at $115, just before the opening of the market.

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