Appaloosa's Tepper Sells Off Chunks of Chinese Tech Stakes

Aaron McDade

Fri, May 16, 2025, 5:47 AM 2 min read

• David Tepper's Appaloosa L.P. chopped its involvement successful respective Chinese companies successful caller months, its latest 13-F filing shows.

• The hedge money slashed its presumption successful Baidu by astir fractional and its stakes successful Alibaba Group, JD.com, Temu genitor PDD Holdings, and Chinese existent property level KE Holdings by 19% to 26% since its past filing successful February.

• Tepper had said past twelvemonth it was clip to bargain "everything" successful China.

Billionaire capitalist David Tepper seemingly nary longer thinks it's clip to bargain "everything" successful China.

Tepper's hedge money Appaloosa L.P. slashed its stakes successful respective Chinese companies successful caller months, according to the firm's latest 13-F filing. The money slashed its presumption successful Baidu (BIDU) astir successful fractional and its stakes successful Alibaba Group (BABA), JD.com (JD), Temu parent PDD Holdings (PDD), and Chinese existent property level KE Holdings (BEKE) by 19% to 26% since its past filing successful February.

It besides lowered its involvement successful the iShares China Large Cap ETF (FXI) and KraneShares CSI China Internet ETF (KWEB) by astir 16% and 13%, respectively.

In an interrogation with CNBC last September, the proprietor of the NFL's Carolina Panthers said the authorities stimulus bundle China was putting into its system astatine the clip made it an charismatic spot for investors. Tepper said helium would privation to bargain "everything" successful the country, arsenic the stimulus would interaction assets from stocks to ETFs and bonds.

The latest filing besides revealed that Appaloosa opened a 130,000-share presumption successful Broadcom (AVGO) successful the past 3 months, and that it sold the past of its stakes successful FedEx (FDX) and Intel (INTC). The steadfast besides boosted its shares of Meta Platforms (META), and chopped its ownership of Lyft (LYFT), Nvidia (NVDA), Oracle (ORCL) and Microsoft (MSFT).

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