5 Best Diversified Stocks To Invest In

3. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 116

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese multinational conglomerate that was established in 1999 by Jack Ma with headquarters in Hangzhou, China. It specializes in e-commerce, retail, internet and technology. In fiscal Q3, Alibaba Group Holding Limited (NYSE:BABA) experienced a 5% year-over-year increase in revenue with $25 billion already approved by board of directors for share repurchase program. Its Daraz unit recently said it was cutting jobs amid “unprecedented challenges” in the market.

The financial viability and improved shareholder return makes Alibaba Group Holding Limited (NYSE:BABA) a lucrative preference for investors from some of the best diversified stocks to invest in. The Insider Monkey’s database has 116 hedge fund holders of Alibaba Group Holding Limited (NYSE:BABA) from its 933 elite hedge funds. Ken Griffin’s Citadel Investment Group turns out to be the largest shareholder of Alibaba Group Holding Limited (NYSE:BABA) with 8.5 million shares in total having net worth of $660.9 million.