George Soros Net Worth and Top 10 Holdings in 2024

7. Alibaba Group Holding Limited (NYSE:BABA)

Soros Fund Management’s Stake Value: $73.80 Million

Number of Hedge Fund Holders: 91

Alibaba Group (NYSE:BABA) is a technology and internet retail company that operates e-commerce sites that serve consumers and small business owners. In addition to e-commerce, Alibaba Group (NYSE:BABA) is also involved in cloud computing, logistics, digital media, and entertainment.

Merchants and small business owners use Alibaba.com to buy products such as clothing items, accessories, and shoes for reselling. AliExpress, on the other hand, is a retail site for mass consumers who can purchase all sorts of items such as appliances, office equipment, home improvement, and sports equipment, to name a few. It has over 150 million users and is present in 190 countries.

Alibaba’s (NYSE:BABA) platforms are used by more than 800 million people worldwide. It has a 40% share in the Chinese e-commerce market, as per estimates by the DBS Bank in Hong Kong. In the fiscal first quarter of 2025, the group reported revenue worth $34.7 billion (RMB 243.3 billion), up 4% year-over-year.

Alibaba Group provides premium customer shopping experiences at the lowest price possible, contributing to its popularity across the globe. Its AliExpress allows shoppers to source products directly from factories, shrinking the supply chain.

Despite macro headwinds and geopolitical turmoil in the country, analysts are bullish on the stock. According to the Insider Monkey database, BABA was held by 91 hedge funds at the close of Q2 2024 with total stakes amounting to $3.81 billion.

O’keefe Stevens Advisory stated the following regarding Alibaba Group Holding Limited (NYSE:BABA) in its Q2 2024 investor letter:

“We initiated two new positions during the quarter: Alibaba Group Holding Limited (NYSE:BABA) and Perrigo (PRGO). Both have seen their stocks decline over 70%+ from their all-time highs.”