大卫·特珀看好中国：阿里巴巴现在是第一大控股公司，削减了英伟达、微软、亚马逊、Meta、谷歌的股份

American billionaire hedge fund manager David Tepper is bullish on China. Tepper is the founder and president of Appaloosa Management, a global hedge fund.

He is also the owner of the Carolina Panthers of the National Football League and Charlotte FC in Major League Soccer.

David Tepper Piling Into China, Trimming Off U.S. Tech

According to his fund's latest 13F filing, Tepper loaded up on Alibaba Group Holdings (NYSE:BABA) stock and trimmed stake in U.S. technology behemoths including Nvidia Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN), Meta Platforms Inc (NASDAQ:META) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), among other big names.

Also Read: David Tepper's Appaloosa Management Q1 Portfolio Positioning: More Caesers Entertainment, Alibaba, Amazon, Microsoft; Less Semiconductor Stocks

Alibaba, FXI, PDD ... Now Among Top Holdings

Alibaba, his fund's fifth-largest holding until last quarter, is now his hedge fund's number-one holding. The stock now commands 12.05% of the Appaloosa portfolio (up from the 5.82% earlier). Tepper first bought Alibaba stock for the Appaloosa fund, back in the second quarter of 2022. With the additional 6.9 million shares bought, Appaloosa owns 0.41% of the company.

Among Tepper's other top buys in first quarter 2024 was the iShares China Large-Cap ETF (NYSE:FXI). FXI is a new holding for the Appaloosa fund. With 6.375 million shares bought into the fund, FXI commands 2.27% of the portfolio. Another China-based top buy for the Appaloosa portfolio this quarter was PDD Holdings– ADR (NASDAQ:PDD). With 1.325 million shares bought in the first quarter of 2024, the stock now commands 3.61% of the Appaloosa portfolio.

Other stocks of China-based companies that are part of the fund include: BaiduInc (NASDAQ:BIDU) commanding 2.81% of the fund, JD.com (NASDAQ:JD), 1.48%; and the KraneShares CSI China Internet ETF (NYSE:KWEB), 1.35%.

Top Sells Include Many Of The Magnificent Seven

While Tepper is going all bull on China, he trimmed his stake in U.S. technology giants. These include many of the Magnificent Seven stocks:

His top sells in the first quarter of 2024 included:

Data Source: 13F filing, Whalewisdom

Tepper added Adobe Systems, Inc. (NASDAQ:ADBE) and Oracle Corp. (NASDAQ:ORCL), which were among his top buys for the quarter.

The news has been driving China-based companies' stocks up. Alibaba stock was up 7% and iShares China Large-Cap ETF was up 2.5% by Noon ET, Thursday.

Photo: Shutterstock

海量资讯、精准解读，尽在新浪财经APP