Legendary Value Investor Bill Miller’s Top 5 Stock Picks

4. Alibaba Group Holdings Limited (NYSE:BABA)

Miller Value Partners’ Stake Value: $131,868,000
Percent of Miller Value Partners’ 13F Portfolio: 3.13%
Number of Hegde Fund Holders: 146

Alibaba Group Holdings Limited (NYSE:BABA) ranks fourth on our list of the legendary value investor Bill Miller’s top 10 stock picks. It is a Chinese multinational technology company specializing in e-commerce, the internet, and retail. 

In Q2 2021, Miller Value Partners increased its stake in Alibaba Group Holdings Limited (NYSE:BABA) significantly by 40%. The hedge fund holds 581,480 shares in the company, valued at $131.8 million. The company accounts for 3.13% of the hedge fund’s 13F portfolio.

As of Q2 2021, 146 hedge funds tracked by Insider Monkey have positions in Alibaba Group Holdings Limited (NYSE:BABA), up from 135 in the previous quarter. These stakes are valued at over $16.7 billion. 

Polen Capital Management mentioned Alibaba Group Holdings Limited (NYSE:BABA) in its Q2 2021 investor letter. Here is what the firm has to say: 

“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.”