5 Stocks Hedge Funds Are Crazy About

On the second spot is Alibaba Group Holding Ltd (NYSE:BABA) itself. During the third quarter, the number of hedge funds in our database long Alibaba Group Holding Ltd (NYSE:BABA) jumped by 17 to 133, while the aggregate value of their positions appreciated by 27% to $19.85 billion. Alibaba Group Holding Ltd (NYSE:BABA)’s stock has almost doubled since the beginning of the year. The Chinese behemoth has made a number of big investments, including a $2.90 billion stake in China’s top hypermarket operator, Sun Art Retail Group. Alibaba Group Holding Ltd (NYSE:BABA) has also committed $15 billion to build overseas research hubs. In November, Alibaba Group Holding Ltd (NYSE:BABA) conducted a bond offering worth $7 billion, while orders for the bonds totaled around $40 billion and analysts consider that the offering provides a benchmark for other Chinese tech companies to issue their own debt.

Microsoft Corporation (NASDAQ:MSFT) is the second most popular stock among the investors in our database, with 137 funds bullish on the stock as of the end of September, up by 13 over the quarter. These funds held $22.28 billion worth of Microsoft Corporation (NASDAQ:MSFT)’s stock heading into the fourth quarter, down by 5% compared to the end of June. On December 2, Microsoft Corporation (NASDAQ:MSFT) had its annual shareholder meeting, where CEO Satya Nadella revealed that Windows 10 is now active on 600 million devices, up from 500 million in May. Shareholder also voted for the biggest board in company’s history, which includes 14 people. Microsoft Corporation (NASDAQ:MSFT)’s stock has advanced by 35.6% since the beginning of the year as the company has reported better-than-expected results and its cloud business continues to grow. The company had set a goal to reach $20 billion in annualized revenue from its cloud products and in October it announced that it had achieved that goal ahead of the schedule.

Disclosure: none