It is learned on February 18 from China Economic Net that recently, major institutions submitted 13F reports to the U.S. Securities and Exchange Commission (SEC), disclosing the size of U.S. stocks and positions held in the fourth quarter.
The latest 13F submitted by Munger showed that Alibaba is one of its three major holdings.
In addition, Alibaba has gained more positions from multiple institutions.
In the fourth quarter, HHLR Advisors, a fund management organization under Hillhouse Capital that specializes in secondary market investment, concentrated on allocating Chinese concept stocks and technology companies, increased its holdings and new purchases of 11 Chinese concept stocks including Alibaba, and listed Alibaba as one of the top ten heavyweight stocks.
The 13F submitted by Gaoyi Asset Management International shows that Alibaba was newly included in its top ten heavyweight stocks in the fourth quarter.
On February 16, Munger attended the Daily Journal’s annual general meeting of shareholders, saying that despite the fierce competition in the industry, he still believes that Alibaba is one of the best companies. The position adjustment last year was because some leverage was used before.
After analyzing the 13F of 35 ultimate parent company investors in Hong Kong, Bloomberg found that, in terms of market value, Hong Kong investors had the largest single investment increase in Alibaba, reaching US$859.95 million. Alibaba was increased or started by 13 investors, the largest number, and became the most valuable overall holding with US$1.77 billion.
European investors also continued to increase their positions in Alibaba. According to the yearly disclosure of Norges Bank’s holdings, it increased its holdings in Alibaba in 2022 compared with 2021, and the proportion of its holdings increased significantly.
With the impact of the epidemic, uncertainties such as the dispute over audit papers between China and the United States gradually lifted, and the outside world generally expecting China’s economic recovery, Alibaba and other Chinese concept stocks have been favored by the market. In January of this year, Morgan Stanley’s research report substantially raised the target price of Alibaba’s US stocks by 50%, and rated Alibaba as the first choice for China’s technology industry for the first time in three years.