Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Many investors find tracking a stock’s institutional ownership effective as a strategy.
Investment firms usually count with resources and research that individual investors don’t. Thus, their stock picks are not random.
A look at Alibaba Group Holding Ltd (NYSE: BABA)’s institutional shareholders might provide a better idea of the stock’s worth as the company prepares to report its fourth quarter earnings.
The Well Known
On mid-February, thee major shareholders disclosed how much Alibaba stock they owned. The largest stockholder, Softbank Corp, declared ownership of 797,742,990 Ordinary shares, which represented about 32.1 percent of the total shares outstanding.
For its part, Yahoo! Inc. (NASDAQ: YHOO) said it owns 15.4 percent of Alibaba’s Ordinary stock, or 383,565,416 shares.
Finally, Mr. Jack Ma admitted holding 377,382,163 shares, representing 15.15 percent of the total Ordinary shares outstanding.
Other Investment Firms
By the end of 2014, Silver Lake Group, L.L.C. was the largest known institutional shareholder, with 54,679,509 shares, worth more than $5.6 billion at the time. The firm was trailed by T. Rowe Price Associates, which said it owned 22,348,104 shares by December 31, 2014.
Other major firms with billionaire stakes in the Chinese Internet company are FMR LLC (19,166,094 shares) and Sands Capital Management (19,566,814 shares).
Hedge Funds
Finally, let’s take a look at some of the hedgies invested in Alibaba. The largest known hedge fund shareholder at the company -as of the end of 2014- was Dan Loeb of Third Point LLC, who boosted his exposure by 38 percent, to 10,000,000 shares,over the last quarter of the year.
On the opposite, Rob Citrone’s Discovery Capital Management trimmed his wage by 10 percent over the quarter, to 9,252,511 shares.
Other prominent hedge fund investors are George Soros, Andreas Halvorsen and John Paulson.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!