American prominent investor and founder of Appaloosa Management, David Tepper, is rapidly reducing his holdings in Chinese companies that he previously purchased. Earlier, he claimed he would buy “all” Chinese stocks, causing a stir.
In September 2024, David Tepper stated on CNBC that following the announcement of stimulus measures by the Chinese government, he would buy all Chinese stocks regardless of tariff risks.
Tepper declared at that time, “Buy everything! Everything! ETFs, futures… everything!”
According to a report by “Market Observations” website on May 16, the latest Securities and Exchange Commission 13-F filings show that in the first quarter of 2025, Tepper reduced his holdings in companies such as Alibaba, Pinduoduo, Jingdong, Baidu, selling stakes ranging from 20% to 50%.
He also decreased his investments in the iShares China Large-Cap ETF and holdings in the KraneShares CSI China Internet ETF.
Tepper is not the only well-known investor who has changed his outlook on the future of the Chinese stock market. According to Bruno Schneller, managing partner of Erlen Capital Management, other hedge funds also began changing their attitudes towards the Chinese economy at the end of the first quarter, rapidly selling off positions after a surge in February.
He mentioned that Soros Fund Management fully exited Alibaba’s stocks in the first quarter, and Philippe Laffont’s Coatue Management also sold off Chinese stocks at the end of 2024.
Produced by “News Focus” production team.