Debunking Ken Fisher: Performance, Fees, Net Worth

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5. Alibaba Group Holding Ltd (NYSE:BABA)

Ken Fisher’s fund also added 4.81 million shares to its holding in Alibaba Group Holding Ltd (NYSE:BABA) during the second quarter and disclosed a $1.45 billion stake containing 10.32 million shares. Alibaba Group Holding Ltd (NYSE:BABA) has been expanding its presence in the brick-and-mortar space, having acquired department store chain Intime Retail for $2.6 billion earlier this year. Last week, it was reported that it plans to convert 10,000 mom-and-pop convenience stores into Tmall.com outlets, where consumers will be able to pick up packages ordered online and even receive loans provided by Ant Financial, which was spun-off from Alibaba Group Holding Ltd (NYSE:BABA) in 2014. As Alibaba Group Holding Ltd (NYSE:BABA)’s stock surged by over 60% in the first six months of 2017, smart money investors grew fonder of it. During the second quarter, the number of funds from our database long the stock advanced by 19 to 116. A quarter earlier, this number went up by 11.

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