5 E-commerce Stocks Billionaires Are Loading Up On

In this piece, we will take a look at the five e commerce stocks billionaires are loading up on. For more stocks, head on over to 10 E-commerce Stocks Billionaires Are Loading Up On.

5. MercadoLibre, Inc. (NASDAQ:MELI)

Number of Billionaire Investors in Q1 2023: 15

MercadoLibre, Inc. (NASDAQ:MELI) is a Uruguayan company that was set up in 1999 and is headquartered in Montevideo, Uruguay. The firm operates an online listing platform with classified advertisements as well as a marketplace for both merchants and consumers.

85 of the 943 hedge funds part of Insider Monkey’s database had held a stake in MercadoLibre, Inc. (NASDAQ:MELI) during Q1 2023. The firm’s largest shareholder is David Blood and Al Gore’s Generation Investment Management with a $814 million stake.

4. PDD Holdings Inc. (NASDAQ:PDD)

Number of Billionaire Investors in Q1 2023: 16

PDD Holdings Inc. (NASDAQ:PDD) is an Irish retailer that operates out of Dublin, Ireland. Its electronic commerce platform sells a variety of products ranging from electronics, shoes, bags, clothes, food products, and furniture. The firm was previously known as Pinduoduo and was set up in 2015.

After digging through 943 hedge funds for their first quarter of 2023 investments, Insider Monkey discovered that 62 had held a stake in PDD Holdings Inc. (NASDAQ:PDD). The firm’s largest investor is Lei Zhang’s Hillhouse Capital Management which owns ten million shares that are worth $807 million.

3. JD.com, Inc. (NASDAQ:JD)

Number of Billionaire Investors in Q1 2023: 17

JD.com, Inc. (NASDAQ:JD) is a Chinese company headquartered in Beijing, China. It is one of the more popular firms in China, allowing third party merchants to connect with customers.

Insider Monkey’s first quarter of 2023 survey of 943 hedge funds revealed that 59 had held a stake in the firm. JD.com, Inc. (NASDAQ:JD)’s largest hedge fund investor is Chase Coleman and Feroz Dewan’s Tiger Global Management LLC with a $1 billion stake.

2. Alibaba Group Holding Limited (NYSE:BABA)

Number of Billionaire Investors in Q1 2023: 25

Alibaba Group Holding Limited (NYSE:BABA) is one of the largest electronic commerce companies in the world and a dominating player in the Chinese industry. It allows merchants to sell their products all over the world and enables buyers to order the products in bulk.

Insider Monkey dug through 943 hedge funds for their March quarter of 2023 investments and found out that 128 had invested in the e-commerce firm. Out of these, Alibaba Group Holding Limited (NYSE:BABA)’s largest hedge fund shareholder is Panayotis Takis Sparaggis’s Alkeon Capital Management with a $471 million investment.

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Billionaire Investors in Q1 2023: 31

Amazon.com, Inc. (NASDAQ:AMZN) really needs no introduction. It is the world’s most valuable e-commerce companies and has a global presence across several continents. The firm is headquartered in Seattle, Washington.

As of March 2023, 243 hedge funds part of Insider Monkey’s database had bought Amazon.com, Inc. (NASDAQ:AMZN)’s shares. The firm’s largest investor is billionaire Ken Fisher’s Fisher Asset Management with a $4.2 billion stake.

Disclosure: None. You can also take a look at 20 American Cities With the Highest Uninsured Rates and 10 Best Industrial Distribution Stocks to Buy Now.

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