Lone Pine Capital: Interview, Performance, AUM, and Holdings

1. Alibaba Group Holding Ltd (NYSE:BABA)

Lone Pine had initiated a stake in Alibaba Group Holding Ltd (NYSE:BABA) during the third quarter of 2016 and during the second quarter of 2017 it added 1.77 million shares, having increased its position to 11.67 million shares worth over $1.64 billion. Alibaba’s stock has almost doubled in value since the beginning of the year on the back of solid financial results and other positive news. At the beginning of June, the stock jumped by more than 10% in one day after the company’s CEO, Daniel Zhang, had said during the investor day presentation that they expect merchandise volume to reach $1.0 trillion by 2020, while Alibaba’s CFO, Maggie Wu, provided a revenue growth estimate between 45% to 49% for 2018. There were 116 investors tracked by Insider Monkey bullish on Alibaba Group Holding Ltd (NYSE:BABA) at the end of June, up from 97 funds a quarter earlier.