Gurus Invest in Alibaba in Third Quarter

Author's Avatar
Nov 21, 2014
Article's Main Image

It has been two months since Alibaba (BABA, Financial), a Chinese e-commerce company began selling stock on the New York Stock Exchange, and more than two dozen of the gurus we follow at GuruFocus invested in it in the final two weeks of the third quarter.

In the aftermath of its IPO, Alibaba was the largest technology listing ever on the New York Stock Exchange, exceeding Facebook (FB).

Julian Robertson (Trades, Portfolio), who is often said to be the father of the hedge fund, took the biggest plunge in terms of a percentage of his portfolio. He bought 1,216,283 shares at an average price of $89.95. The transaction represented a 28.6% impact on his portfolio.

Daniel Loeb, founder of New York hedge fund Triple Point Partners, bought the second-highest number of shares among the gurus – 7,200,000 – representing 7.3% of his portfolio.

Andreas Halvorsen (Trades, Portfolio), founding partner of Viking Global Investors LP, bought the most shares of Alibaba – 11,387,526. His transaction had a 4.1% impact on his portfolio.

Other gurus who bought Alibaba stock in the third quarter (and the impacts, in percentage terms, on their portfolios) were Louis Moore Bacon (Trades, Portfolio) (3.2%), Lee Ainslie (2.9%), George Soros (2.9%), Paul Tudor Jones (Trades, Portfolio) (1.7%), John Griffin (Trades, Portfolio) (1.6%), Frank Sands (Trades, Portfolio) (1.5%), Eric Mindich (Trades, Portfolio) (1.3%), David Tepper (Trades, Portfolio) (0.95%), Matthews China Fund (Trades, Portfolio) (0.82%), John Paulson (Trades, Portfolio) (0.7%), Leon Cooperman (Trades, Portfolio) (0.54%), Matthews Pacific Tiger Fund (Trades, Portfolio) (0.43%), John Burbank (Trades, Portfolio) (0.39%), Caxton Associates (Trades, Portfolio) (0.33%), PRIMECAP Management (Trades, Portfolio) (0.22%), Ron Baron (Trades, Portfolio) (0.12%), Stanley Druckenmiller (Trades, Portfolio) (0.11%), Steven Cohen (Trades, Portfolio) (0.09%), RS Investment Management (Trades, Portfolio) (0.08%), Chris Davis (Trades, Portfolio) (0.08%), Mariko Gordon (Trades, Portfolio) (0.05%) and Pioneer Investments (Trades, Portfolio).