BOSTON (Reuters) - Big mutual funds at T. Rowe Price Group (>> T. Rowe Price Group Inc) and Fidelity Investments are the industry's largest holders of Alibaba Group Holding Ltd (>> Alibaba Group Holding Ltd) shares, according to recent fund disclosures.
Alibaba's initial public offering in late September, the largest in history, has helped boost the performance of many fund managers, the data show.
The T. Rowe Price Growth Stock Fund
Fidelity's $110 billion Contrafund
Alibaba's IPO initially raised $21.8 billion. The stock surged 38 percent in its market debut, and is up 16 percent in the past month, valuing China's e-commerce leader at $257 billion.
Alibaba shares rose nearly 4 percent to $102.35 shortly after midday.
Fidelity's Diversified International Fund
The $7.6 billion T. Rowe Price Emerging Markets Stock Fund
Alibaba accounts for about 80 percent of online sales in China, Fidelity Diversified International Fund manager William Bower told investors in a commentary letter.
(Writing by Tim McLaughlin; Additional reporting by Ross Kerber. Editing by Richard Valdmanis and Richard Chang)
By Tim McLaughlin and Ross Kerber