David Tepper Sticks to China Bet While Trimming Nvidia Holdings

While Tepper's Appaloosa Management cut its stake in Alibaba by about 7% in the second quarter, the Chinese e-commerce giant remains the fund’s biggest position, accounting for 12% of its $6.2 billion equity portfolio, according to a 13F regulatory filing Wednesday. The Chinese shares and ETFs made up 26% of the fund’s equity portfolio.