Maplelane’s Top 5 Stock Holdings

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1. Alibaba Group Holding Limited (NYSE: BABA)

Alibaba Group Holding Limited (NYSE: BABA) tops the list of Maplelane’s top 10 stock holdings. The hedge fund has reduced stake in the company by 12% in the September quarter, but the Chinese e-commerce platform is still the largest stock holding of its portfolio – accounting for 7.11% of the overall portfolio.

Aikya Investment Management Ltd, which returned 21% for the Q4 of 2020, is optimistic about Alibaba’s cash flow growth. Here is what Aikya Investment Management stated in an investors’ letter:

“Our long-term predictions suggest Alibaba can generate $60 billion of free cash flow in 2030. Working on the assumption that Alibaba will be a much more mature business in 2030, we would expect our investment to at least generate a 5% free cash flow yield. This implies Alibaba should be worth $1.2 trillion in 2030, and if we then factor inappropriate adjustments to the share count for share-based compensation then we would expect to earn a 3% return in dollars from today’s share price.”

Please also see Billionaire David Tepper’s Top 10 Stock Holdings and 10 Cheap Stocks Billionaire Leon Cooperman Is Buying

Disclosure: None.

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