Billionaire Dan Loeb’s 2023 Portfolio: 5 Latest Stock Picks

4. Alibaba Group Holding Limited (NYSE:BABA)

Third Point’s Investment: $135.5 million

Alibaba Group Holding Limited (NYSE:BABA) is one of the largest online retailers in the world. The firm was set up in 1999 and is headquartered in Beijing, China. Its marketplace enables retailers to connect with their customers, and the firm also provides cloud computing and other technology products and services.

Insider Monkey’s fourth quarter of 2022 survey of 943 hedge funds revealed that 113 had invested in the firm. Alibaba Group Holding Limited (NYSE:BABA)’s largest hedge fund investor is Panayotis Takis Sparaggis’s Alkeon Capital Management since it owns 4.6 million shares that are worth $471 million.

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