5 Best Cyclical Stocks to Buy Now

2. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Investors In Q4 2022: 113

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese holding company with stakes in a wide variety of businesses such as electronic commerce, the internet of things (IoT), and media. The company is headquartered in Hangzhou, the People’s Republic of China.

113 of the 943 hedge funds polled by Insider Monkey had owned Alibaba Group Holding Limited (NYSE:BABA)’s shares during last year’s December quarter. Out of these, its largest investor is Philippe Laffont’s Coatue Management which owns five million shares that are worth $440 million.

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