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Alibaba, Cisco, Agios Pharmaceuticals and More: Why These Stocks Are in the Spotlight

Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter. Aside from the U.S. -China trade war which could hurt China's economy and slow e-commerce growth, traders are watching both Alibaba Group Holding Limited (NYSE:BABA) and holding company Altaba Inc. (NASDAQ:AABA) after the later announced that it will begin selling Alibaba shares on May 20, 2019. Given that the company has previously announced this before, Alibaba shares are down just fractionally. While liquidations are never good in terms of supply and demand, Alibaba has a lot going for it given its huge share of China's e-commerce market. Of the around 700-740 elite funds we track, 113 funds owned $11.47 billion of Alibaba Group Holding Limited (NYSE:BABA) and 73 top funds were long Altaba Inc. (NASDAQ:AABA) at the end of December.

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