BABA ownership updates as of 30Mar2022 - why is there more institutional buying?

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JP Morgan called China investable as per the 15Mar2022 news article.  Here is an extract from the news article:

Chinese tech stock rout deepened, slashing billions of dollars from the likes of Alibaba Group Holding and Tencent Holdings in Hong Kong, on heightened concerns about an industry crackdown, Covid-19 outbreaks, and China's position on the Ukraine conflict.

Losses spiralled after JPMorgan Chase downgraded 28 Chinese internet stocks including Alibaba, Tencent Holdings and Meituan to underweight, calling them "uninvestable" over the next six to 12 months due to rising geopolitical and macro risks, Bloomberg reported.

$BABA released ownership updates as of 30 Mar 2022.  There seems to be much more institutional buying than selling as per the details below.


Activity for 30Mar22 of holders (more than 0.5% change in shares outstanding)

Some notable additions in Q1/2022:

The Vanguard Group added 28.6M shares, totalling 469.9M shares as of 28Feb22

BlackRock Fund Advisors added 18.6M shares, totalling 328.2M shares as of 28Feb22

Baillie Gifford & Co added 53.M shares, totalling 219.8M shares as of 28Feb22

BlackRock Advisors (UK) Ltd added 5.5M shares, totalling 95.7M shares as of 28Feb22

Hang Seng Investment Management Ltd added 3.3M shares, totalling 44M shares as of 28Feb22

Schroder Investment Management Ltd 10.9M shares, totalling 38M shares as of 28Feb22

DWS Investments (UK) Ltd added 3.1M shares, totalling 32.7M shares as of 28Feb22

Pictet Asset Management SA added 16.7M shares, totalling 29.4M shares as of 31Jan22

Some notable reductions in Q1/2022:

Fidelity Management & Research Co. LLC reduced 6.7M shares, totalling 82.8M shares as of 31Jan22

Templeton Asset Management Ltd reduced 0.239M shares, totalling 46.3M shares as of 28Feb22

Hermes Investment Management Ltd reduced 0.412M shares, totalling 31.1M shares as of 31Jan22

JPMorgan Asset Management (UK) Ltd reduced 12.3M shares, totalling 45.1M shares as of 28Feb22

JPMorgan Asset Management (Asia Pacific) reduced 32.8M shares, totalling 33.4M shares as of 28Feb22.

Summary

From this extract, the amount of institutional buying exceeds that of selling.  This implies that $BABA is deemed profitable by more institutions.  This is not financial advice - please research before investing.

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