On Monday, the 13F disclosure document of billionaire investor David Tepper's Appaloosa LP showed that the hedge fund significantly increased its holdings in Chinese concept stocks and China-focused stock funds in the fourth quarter of last year. Tepper is known as one of the prominent bulls on Chinese stocks among hedge fund investors, believing that stocks in the Chinese market are much cheaper than those in the U.S. market. The latest increase highlights his confidence in the Chinese stock market and economy.The main changes in Appaloosa's holdings of Chinese concept stocks in the fourth quarter of 2024 are as follows:<blockquote>Alibaba's holdings increased from about 10 million shares at the end of the third quarter to about 11.8 million shares, JD's holdings increased from about 7.3 million shares to about 10.5 million shares, and KE's holdings increased from about 2.18 million shares to about 2.57 million shares. Additionally, PDD increased its holdings by about 55,000 shares, Kraneshares CSI China Internet ETF increased by about 810,000 shares, and iShares China Large-Cap ETF increased by about 800,000 shares.Alibaba remains Appaloosa's largest position, with a holding increase of over 18% in the fourth quarter, accounting for nearly 16% of its net assets. Analysts note that Alibaba, which is building its own AI model, has seen its stock price rise nearly 30% since the beginning of this year. Bloomberg pointed out that due to Alibaba's broader geographical distribution of overseas business, the company may be better able to withstand potential shocks compared to its competitors.PDD is the third largest holding under Appaloosa, with a modest increase in the fourth quarter.In terms of percentage of holdings, among major Chinese concept stocks, JD's holdings saw a significant increase, rising 43% quarter-over-quarter.As of the end of December, Appaloosa's exposure to Chinese stocks and ETFs accounted for approximately 37% of its investment portfolio by market value.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9d51e415-137f-4fb0-9b82-423b85b79e9c.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9d51e415-137f-4fb0-9b82-423b85b79e9c.jpeg"/></blockquote>Data disclosed in November last year regarding the third quarter holdings showed that Appaloosa reduced its holdings in Alibaba in the third quarter of last year. In the three months ending September last year, Appaloosa's holdings in Alibaba decreased by 5%, and despite the reduction, Alibaba remained its largest holding.David Tepper stated in late September last year that one of his big bets after the Federal Reserve's interest rate cuts was to buy all stocks related to China. The extent of China's easing policies exceeded his expectations, marking a comprehensive shift. He had already fully purchased almost all major Chinese tech stocks and mentioned that he might double the investment limit for Chinese-related stocks. &#34;I may have previously said that I wouldn't exceed a 10% or 15% holding limit, but that may no longer be true.&#34;The latest 13F document also showed that by the end of last year, Appaloosa's holdings in NVIDIA increased from 625,000 shares at the end of the third quarter to 680,000 shares, its holdings in Uber increased from 1.4 million shares to 1.5 million shares, and its holdings in AMD increased from 1.1 million shares to 1.2 million sharesAppaloosa Fund reduced some of its positions, including: the holding in Meta Platforms decreased from 625,000 shares at the end of the third quarter to 490,000 shares at the end of the year, the holding in Lyft decreased from 15.8 million shares to 13.5 million shares, the holding in Intel decreased from 2.5 million shares to 1 million shares, and the holding in Amazon decreased from 3.2 million shares to 2.6 million shares.At the beginning of this year, the Chinese market showed stronger resilience, with some Chinese stocks outperforming those in the US and Europe:<blockquote>After the explosive success of Deepseek, an important current market viewpoint is that the entire Chinese asset class may need to be re-evaluated. Deutsche Bank believes that China's manufacturing and service industries hold a leading position globally, including in apparel, steel, shipbuilding, telecommunications equipment, electric vehicles, and the recently launched DeepSeek. China's intellectual property has gained recognition and is expanding at an unprecedented pace. It is expected that the &#34;valuation discount&#34; of Chinese stocks will disappear, and profitability may exceed expectations due to policy support for consumption and financial liberalization.Hedge funds have shown a subtle change in attitude towards Chinese stocks. According to the latest Prime Services data from Goldman Sachs, there was moderate net buying of Chinese stocks (including onshore and offshore) in January, indicating a rebound in risk appetite</blockquote>

Billionaire investor David Tepper's Appaloosa LP's 13F disclosure document shows that the hedge fund significantly increased its holdings in Chinese concept stocks and China stock funds in the fourth quarter of last year. The specific increased holdings and quantities are: JD.com 3.17 million shares, Alibaba 1.84 million shares, KE 400,000 shares, Baidu 100,000 shares, PDD 55,000 shares, Kraneshares CSI China Internet ETF 810,000 shares, iShares China Large-Cap ETF 800,000 shares. Alibaba remains the largest holding, accounting for 16% of its net assets

- Billionaire investor David Tepper's Appaloosa LP increased its holdings in Chinese stocks and funds in Q4 2024, reflecting confidence in the Chinese market.  
- Notable changes included increases in Alibaba, JD.com, and Beike Holdings, with Alibaba remaining the largest position, comprising nearly 16% of Appaloosa's net assets.  
- The hedge fund's strategy indicates a shift towards Chinese equities, with expectations of improved performance and reduced valuation discounts amid supportive policies.

Wallstreetcn

JD-SWR

JD.com

JD-SW

BABA-WR

Alibaba

BABA-W

BIDU-SWR

Baidu

BIDU-SW

BEKE-W

Direxion FTSE China Bull 3X

Direxion FTSE China Bear 3X

Amazon

YieldMax NVDA Option Income Strategy ETF

GraniteShares 2x Long NVDA Daily ETF

Intel

Goldman Sachs

NVIDIA

Fully increasing positions in Chinese concept stocks and ETFs! The hedge fund mogul who vowed to buy "everything" Chinese assets is taking action again