Third Point, Moore Led Hedge Funds Buying Alibaba Last Quarter
- Bloomberg examines 13F filings to show position changes in Q1
- Baidu, Trip.com among other purchases during first quarter
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As famed money manager Michael Burry made headlines boosting bullish bets on stocks including Alibaba Group Holding Ltd. in the first quarter of this year, other top hedge funds were also piling in.
Moore Capital Management and Third Point LLC were among the biggest buyers of US-traded shares in the Chinese e-commerce giant in the first quarter, according to an analysis of hedge funds compiled by Bloomberg using 13F filings. A handful of Asia-based peers were among the biggest sellers, the data showed.