Billionaire Rob Citrone Is Selling These 5 Stocks

3. Bilibili Inc. (NASDAQ:BILI)

Number of Hedge Fund Holders: 35

Discovery Capital Management initiated a position in Bilibili Inc. (NASDAQ:BILI) during the first quarter and then unloaded some stake in the second quarter before completely exiting the position in the September quarter. Shares of Bilibili remained under pressure throughout this year. Bilibili Inc. provides online entertainment services in China.

Like billionaire Rob Citrone, many other hedge funds sold their stake in Bilibili during the September quarter. It was in 35 hedge funds’ portfolios as of September compared to 47 positions in the prior quarter.