Top 5 Stock Picks of Teresa Barger’s Cartica Management

In this article, we discuss the top 5 stock picks of Teresa Barger’s Cartica Management. If you want to read our detailed analysis of Barger’s history, investment philosophy, and hedge fund performance, go directly to Top 10 Stock Picks of Teresa Barger’s Cartica Management.

5. Alibaba Group Holding Limited (NYSE:BABA)

Cartica Management’s Stake Value: $27,080,000
Percentage of Cartica Management’s Portfolio: 7.76%
Number of Hedge Fund Holders: 100

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese global technology business. Alibaba Group Holding Limited (NYSE:BABA) has recently experienced an increase in hedge fund interest. At the end of the first quarter of 2022, 100 hedge funds had Alibaba Group Holding Limited (NYSE:BABA) shares in their portfolios. There were 96 hedge funds in our database with long Alibaba Group Holding Limited (NYSE:BABA) positions at the end of the previous quarter.

Cartica Management bought 288,500 shares in Alibaba Group Holding Limited (NYSE:BABA), worth almost $34.27 million as of the first quarter of 2022. However, the hedge fund in Q1 reduced the stake by 14% by unloading 39,600 shares of the company. The remaining 248,900 shares in Alibaba Group Holding Limited (NYSE:BABA) were worth $27.08 million as of March 31.

Ken Fisher’s Fisher Asset Management held the largest stake in Alibaba Group Holding Limited (NYSE:BABA) during Q1 2022, consisting of 14.45 million shares worth over $1.57 billion.

Here is what Longleaf Partners Fund has to say about Alibaba Group Holding Limited (NYSE:BABA) in its Q1 2022 investor letter:

“We took advantage of price volatility to add to three of our most heavily discounted European businesses, including new purchases in 4Q 2021 and we reinitiated a position in Alibaba (NYSE:BABA), as the shares became even more heavily discounted amid broad China volatility in the period.”