Tepper还调整了对其他中国公司的投资。他增持了京东（JD.com Inc.）、贝壳（KE Holdings Inc.）和两家中国交易所交易基金的股份；减持了拼多多（PDD Holdings）和百度（Baidu Inc.）的股份。总而言之，中国股票和ETF占其基金股票投资组合的26%。China stocks and ETFs account for 26% of its fund stock investment portfolio.
Hedge fund tycoon David Tepper's shareholding in Chinese companies remains stable. He reduced his holdings in Alibaba, PDD Holdings, and Baidu, but increased his shares in JD.com and KE Holdings. Chinese stocks and ETFs account for 26% of his fund's stock portfolio.
According to a report by David Tepper's Appaloosa management company on Wednesday, in the second quarter of 2024, Appaloosa reduced its Alibaba holdings by about 7%, but Alibaba still remains its largest holding, accounting for 12% of its $6.2 billion stock portfolio.
Tepper also adjusted his investments in other Chinese companies. He increased his shares in JD.com Inc., KE Holdings Inc., and two Chinese exchange-traded funds; and reduced his shares in PDD Holdings and Baidu Inc. Overall, Chinese stocks and ETFs account for 26% of his fund's stock portfolio.
At the same time, Tepper continued to reduce his exposure to US technology companies, including Amazon.com, Microsoft Corp., and Meta Platforms Inc. His stake in Nvidia Corp. fell 84% to $85 million in the quarter, accounting for 1.4% of the investment portfolio.
Together with Scion Asset Management's Michael Burry, Tepper has become one of the most famous bullish investors in Chinese stocks among hedge fund investors. In the first quarter of 2024, he increased his holdings in Chinese stocks significantly, especially Alibaba, whose holdings doubled. At that time, state-funded funds increased their buying power to support the market, and Tepper took advantage of the market adjustment period to substantially increase his holdings in Chinese stocks.
Burry, who rose to fame by betting on the US real estate market in 2008, also remains bullish on China. In the previous quarter, Burry increased his holdings in Alibaba and Baidu, and reduced his holdings in JD.com. The three Chinese companies account for 46% of his $52 million stock portfolio.
