Artisan Partners, an investment management company, released its “Artisan International Value Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, its Investor Class fund ARTKX returned -10.47%, Advisor Class fund APDKX posted a return of -10.42%, and Institutional Class fund APHKX returned -10.41%, compared to a return of -14.51% for the MSCI EAFE Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Artisan Partners discussed stocks like Alibaba Group Holding Limited (NYSE:BABA) in the second quarter investor letter. Based in Hangzhou, the People’s Republic of China, Alibaba Group Holding Limited (NYSE:BABA) is a Chinese technology company. On September 26, 2022, Alibaba Group Holding Limited (NYSE:BABA) stock closed at $78.91 per share. One-month return of Alibaba Group Holding Limited (NYSE:BABA) was -15.91% and its shares lost 48.22% of their value over the last 52 weeks. Alibaba Group Holding Limited (NYSE:BABA) has a market capitalization of $211.844 billion.
Here is what Artisan Partners specifically said about Alibaba Group Holding Limited (NYSE:BABA) in its Q2 2022 investor letter:
“We have written extensively in prior letters about Alibaba Group Holding Limited (NYSE:BABA), China’s leading e-commerce platform. There have been few changes in the business environment. The company continues to face challenges to its dominant market position, but remains a strong business with significant free cash flow generation. The share price increased by 4% in dollars during the quarter but still trades at what we believe to be an absurdly cheap valuation.”
Pixabay/Public Domain
Alibaba Group Holding Limited (NYSE:BABA) is in 13th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 106 hedge fund portfolios held Alibaba Group Holding Limited (NYSE:BABA) at the end of the second quarter which was 100 in the previous quarter.
We discussed Alibaba Group Holding Limited (NYSE:BABA) in another article and shared the list of stocks plummeting after the Fed’s latest rate hike. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.
Disclosure: None. This article is originally published at Insider Monkey.