---
title: "David Tepper: The position in Chinese stocks is close to 40%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/219869865.md"
description: "Hedge fund David Tepper's Appaloosa Asset Management has increased its position in Chinese stocks from 26% to 38%, mainly boosting its holdings in Pinduoduo, JD.com, and KE. Among them, Pinduoduo increased its holdings by 3.36 million shares, with a market value of USD 715 million. At the same time, the fund slightly reduced its holdings in Alibaba, Baidu, and related ETFs. Despite the reduction, the market value proportion of Alibaba's holdings still increased, as its stock price rose nearly 50% in the third quarter"
datetime: "2024-11-16T10:57:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/219869865.md)
  - [en](https://longbridge.com/en/news/219869865.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/219869865.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/219869865.md) | [繁體中文](https://longbridge.com/zh-HK/news/219869865.md)


# David Tepper: The position in Chinese stocks is close to 40%

Legendary hedge fund figure David Tepper's fund Appaloosa Asset Management increased its position in Chinese stocks from 26% at the end of the previous quarter to 38%, significantly adding to its holdings in Pinduoduo, JD.com, and KE. Among them, the increase in Pinduoduo reached 3.36 million shares, bringing the total position to 5.3 million shares at the end of the quarter, with a market value of USD 715 million. Meanwhile, the fund slightly reduced its positions in Alibaba, Baidu, the China Large-Cap ETF (FXI), and the China Overseas Internet ETF (KWEB). It is worth mentioning that Alibaba's stock price rose nearly 50% in the third quarter, and although Appaloosa made some reductions, the market value proportion of its holdings in the stock actually increased. (China Securities Journal)

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