Hedge Fund Mogul Who Vowed to Buy "All" Chinese Assets Increases Holdings in Chinese Stocks and ETFs
Go Smart Money
February 11, 2025
GoGPT Summarizes Articles
On February 10th, Bloomberg's analysis of the 13F disclosure document from billionaire investor David Tepper's firm, Appaloosa LP, revealed a comprehensive increase in holdings of Chinese stocks and Chinese stock funds during the fourth quarter.
The increased holdings and quantities include: 3.17 million shares of $JD,1.84 million shares of $BABA , 400,000 shares of $BEKE, 100,000 shares of $BIDU, and 55,000 shares of $PDD. Additionally, they acquired 810,000 shares of the KraneShares CSI China Internet ETF and 800,000 shares of the iShares FTSE China Large-Cap ETF.
Alibaba remains the top holding for Appaloosa, with a holding increase of over 18% in the fourth quarter, representing nearly 16% of its net assets. Analysis suggests that Alibaba, which is currently developing its independent AI model, has seen its stock price rise by almost 30% since the beginning of the year. Bloomberg points out that due to Alibaba's broader geographical distribution of overseas business, the company may be better positioned to withstand potential shocks compared to its competitors.
Pinduoduo is the third-largest holding under Appaloosa, with a modest increase in holdings during the fourth quarter.
In terms of percentage holdings, among major Chinese stocks, JD has seen a significant increase in holdings, rising by 43% during the quarter.
By the end of December, Appaloosa's exposure to Chinese stocks and ETFs accounted for approximately 37% of the market value in its investment portfolio.
#🧨How does the Chinese New Year affect the markets?🐍#$JD.com Inc.(JD)#$Alibaba Group Holding Limited American Depositary Shares each represents eight Ordinary Shares(BABA)#$KE Holdings Inc. American Depositary Shares (each representing three Class A Ordinary Shares)(BEKE)#$Baidu Inc.(BIDU)#$PDD Holdings Inc. American Depositary Shares(PDD)