PRIMECAP Management acquired 20.6 Million Alibaba Group Holding Ltd shares worth $2.58 Billion. That's 2.07% of their equity portfolio (10th largest holding). The first Alibaba Group Holding Ltd trade was made in Q3 2014. Since then PRIMECAP Management bought shares 22 more times and sold shares on twenty occasions. The stake costed the investor $2.19 Billion, netting the investor a gain of 18% so far.
Michael Burry, the founder of Scion Asset Management and renowned for his visionary bet against the housing market in 2008, continues to captivate the invest...
Saudi Arabia’s Public Investment Fund and Michael Burry’s Scion Asset Management increased their holdings of Chinese large caps, while Singapore’s Temasek re...
Management is taking action, signaling it believes its shares are significantly undervalued.
The U.S.-traded shares of XPeng Inc. (NYSE: XPEV ) experienced a notable decline on Friday, following Alibaba Group Holding Limited''s (NYSE: BABA ) announce...