On October 26, 2025, reports highlighted varied sentiment among institutional investors regarding Alibaba Group Holding Ltd. Notably, billionaire investor David Tepper's hedge fund, Appaloosa Management, continues to maintain Alibaba as its largest holding, making up over 12% of its portfolio. This indicates a strong vote of confidence from a prominent investor, who has recently been increasing exposure to Chinese equities. In contrast, a smaller institutional investor, QV Investors Inc., reduced its position in Alibaba by 12.8% during the second quarter, a move disclosed in a recent filing. The sale involved 10,280 shares, and QV Investors Inc.'s remaining stake is valued at approximately $7.92 million. There was no significant market reaction attributed directly to this news, which is considered a routine portfolio adjustment by a smaller fund.