Goldman Sachs Portfolio: Top 5 Stocks

3. Alibaba Group Holding Limited (NYSE:BABA)

Goldman Sachs’ Stake Value: $6.9 billion

Percentage of 13F Portfolio: 1.56%

Number of Hedge Fund Holders: 146

Alibaba Group Holding Limited (NYSE:BABA) is a multinational technology company that specializes in e-commerce, retail and cloud computing. One of the largest Chinese companies in the world, with a market capitalization of $444.18 million, Alibaba Group Holding Limited (NYSE:BABA) comes in at third on our list of the top 10 stocks in Goldman Sachs’ portfolio.

In the second quarter of 2021, The Goldman Sachs Inc. held over 30.5 million shares of Alibaba Group Holding Company (NYSE:BABA), amounting to $6.9 billion in worth. These shares represented 1.56% of the investment firm’s total portfolio value. At the end of the second quarter of 2021, 146 hedge funds in the database of Insider Monkey held stakes worth $16.79billion in Alibaba Group Holding Limited (NYS:BABA), down from 135 in the previous quarter with stakes worth $15.4 billion.

On September 6, KGI Securities began coverage of Alibaba Group Holding Limited (NYSE: BABA) with a Neutral rating and $26.34 price target on its shares.

Out of the hedge funds being tracked by Insider Monkey, Ken Fisher’s Fisher Asset Management is among the leading shareholders in Alibaba Group Holding Limited (NYSE:BABA), with over 14 million shares worth $3.2 billion.

In the Q2 2021 investor letter of Polen Capital Management, the fund mentioned Alibaba Group Holding Limited (NYSE:BABA). Here is what the fund said:

“Alibaba also detracted from performance as the company continues to remain under regulatory scrutiny from both the Chinese State Administration for Market Regulation on antitrust concerns and the U.S. Securities and Exchange Commission on ADR listing requirements. Despite the regulatory overhang, we believe that Alibaba’s competitive positioning and growth outlook remains intact, even if the company must pay fines or modify some business practices. We viewed the current valuation at <20x next twelve month’s earnings as a compelling opportunity to add to our position. Alibaba is the second largest position in the Portfolio.”