Top Hedge Funds Scooped Up Alibaba Stock Last Quarter

(Bloomberg) — 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 U.S.-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.