Recently, the latest 13F holdings submitted by multiple institutions show that in the fourth quarter, Alibaba became the largest new target for pension funds in Canada. Hedge funds under the prototype of the movie "Big Short", Soros Fund Management, and Appaloosa Hedge Funds all significantly increased their holdings of Alibaba stocks.
According to media reports, Bloomberg's analysis of the Canadian Pension Plan Investment Board (CPPIB) 13F filing shows that in the fourth quarter ending December 31, the largest pension fund in Canada made new purchases of Alibaba, the largest new acquisition target in the fourth quarter, with holdings of 3.6 million shares and a market value of $279 million.
Michael Burry's hedge fund ScionAsset Management LLC, the prototype of the movie "Big Short," increased its holdings of 25000 shares in Alibaba and held a total of 75000 shares in the fourth quarter. As of the end of the fourth quarter of 2023, according to Scion's disclosed positions, Alibaba is its largest position based on market value, accounting for 6.1% of its assets.
Soros Fund Management increased its Alibaba stock holdings by 87.5% in the fourth quarter to 7.5 shares, with a holding value of approximately $5.81 million. Hedge fund Appaloosa increased its holdings in Alibaba by 20%, adding 4.35 million shares of Alibaba shares in the quarter ending December 2023.
On Wednesday (February 14th), the three major US stock indexes collectively closed higher, with Alibaba's stock price rising 2.5%, outperforming the overall US stock market. On February 7th, Alibaba released its performance for the third quarter of the fiscal year (the fourth quarter of the natural year), with steady revenue growth, a focus on core business strategies, and initial results from structural adjustments. Alibaba also stated that it will actively invest in core business to reignite growth momentum.