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With $3.2 billion in new holding value, Chinese e-commerce giant Alibaba was the 

 for hedge funds in Q3, according to Bloomberg. That’s surprising given the uncertainty around the U.S.-China trade war.

Bloomberg sorted through the data hedge funds 

 publish 45 days before the new year (today) to determine who’s investing and who’s not.

And we learned risk, not Freeman, is Stan Druckenmiller’s middle name. Uber was a popular buy with $2.2 billion in new holding value. FYI, Uber shares are down ~14% since last quarter.

Traditionally “safer” bets like Disney (down $1.4 billion in holding value) and Microsoft (down $1.7 billion) made Jillian Michaels proud.

 stocks are still a faan favorite, but hedge funds also bet big on the broader market in Q3. The market-tracking SPDR S&P 500 ETF banked $2.3 billion in new holding value.

Hedge Funds Piled Into Alibaba in Q3

We learned risk, not Freeman, is Stan Druckenmiller’s middle name

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