5 Most Promising Future Stocks To Buy According To Hedge Funds

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1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Investors During Q3 2023: 110

Alibaba Group Holding Limited (NYSE:BABA) is the well known Chinese eCommerce firm. The firm’s investors finally found a reason to celebrate in December 2023 when the Chinese government announced a multi billion dollar capital injection into the banking sector to help stimulate economic growth.

110 out of the 910 hedge funds covered by Insider Monkey’s research during Q3 2023 were Alibaba Group Holding Limited (NYSE:BABA)’s investors. Ken Fisher’s Fisher Asset Management was the biggest investor since it owned 3.8 million shares that are worth $334 million.

Follow Alibaba Group Holding Limited (NYSE:BABA)

Disclosure: None. You can also take a look at 25 Cities With The Hottest Guys In The World and 10 Best Sectors To Invest In Long-Term.

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