50 Top Stock Picks In Q2 That Billionaires Love

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Alibaba Group

Alizila

Market Value: $768.9 billion
Billionaire Investor: Daniel Loeb (Third Point)
Percent of Portfolio: 5.8%

Billionaire Jack Ma has become infamous for the Alibaba group, which is best known for its e-commerce site. Another billionaire bigwig is Daniel Loeb, who founded and runs the hedge fund firm Third Point located in New York worth AUM $21.1 billion. Loeb’s company bought 2 million shares at $284.17 per share of Alibaba group, worth $431.4 million during the second quarter. This makes Alibaba one of the 5 top stock picks of Third Point, which equals 5.8% equity of their portfolio.