大呼“买入中国”的David Tepper：减持阿里，增持拼多多、京东
文件显示，在截至9月底的三季度中， The Tepper fund has increased its position in china by 12 percentage points to 38% compared to the previous quarter, of which approximately 5% less in $Alibaba (BABA.US)$ stocks, $Baidu (BIDU.US)$ the positions in the large cap etf and the china concept internet index etf have also decreased, while there has been an increase of more than nearly double in $PDD Holdings (PDD.US)$ shareholding in jd.com and some other. $KE Holdings (BEKE.US)$ of the shareholding.
Hedge fund tycoon David Tepper, who once boldly proclaimed to "buy all China-related assets," has shifted partially towards caution, with his funds reducing holdings in Alibaba and Baidu, while increasing shares in PDD Holdings and JD.com.
On Thursday local time, Tepper's Appaloosa Asset Management released the latest quarterly holding disclosures.
The documents reveal that in the third quarter ending in September, Appaloosa reduced its holdings of Alibaba stocks by about 5%. However, Alibaba remains its top heavy stock with a 16% position. Stocks that were also reduced include Baidu, BlackRock China Large Cap ETF, and KWEB China Internet-related Index ETF.
At the same time, Tepper increased its holdings in PDD Holdings by over double, while also adding to positions in JD.com and KE Holdings.
Overall, Tepper increased investments in Chinese stocks and ETFs this quarter, with the overall position rising from 26% in the previous quarter to 38%.
In September this year, Tepper publicly stated that Chinese stocks in the market are much cheaper than US stocks. China has exceeded expectations in launching loosening policies. Previously, Tepper had already fully invested in almost all major Chinese tech stocks, and the investment limit for Chinese stocks may double next.
As another long on Chinese stocks in the hedge fund space, Michael Burry's fund's third-quarter holding information shows that the fund continued to increase holdings in Alibaba, but at the same time purchased put options to hedge against downside risks.
Editor/rice
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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