David Tepper Bullish On China: Alibaba Now No. 1 Holding, Trimmed Stakes In Nvidia, Microsoft, Amazon, Meta, Google
Portfolio Pulse from Surbhi Jain
David Tepper, founder of Appaloosa Management, has increased his holdings in Chinese companies, making Alibaba his top holding. He has trimmed stakes in major U.S. tech companies like Nvidia, Microsoft, Amazon, Meta, and Alphabet. Tepper's bullish stance on China has driven up stocks like Alibaba and the iShares China Large-Cap ETF.
May 16, 2024 | 6:34 pm
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NEGATIVE IMPACT
Tepper trimmed his stake in Amazon from 10.36% to 10.22% of his portfolio.
Tepper's slight reduction in Amazon holdings may signal a cautious outlook, potentially leading to a short-term decrease in stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Tepper trimmed his stake in Alphabet from 5.60% to 4.68% of his portfolio.
Tepper's reduction in Alphabet holdings may signal a cautious outlook, potentially leading to a short-term decrease in stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Tepper reduced his stake in Meta Platforms from 11.31% to 8.07% of his portfolio.
Tepper's reduction in Meta holdings may indicate a cautious outlook, potentially leading to a short-term decrease in stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Tepper reduced his stake in Microsoft from 11.04% to 8.72% of his portfolio.
Tepper's reduction in Microsoft holdings may indicate a cautious outlook, potentially leading to a short-term decrease in stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Tepper trimmed his stake in Nvidia from 6.76% to 5.91% of his portfolio.
Tepper's reduction in Nvidia holdings may signal a cautious outlook, potentially leading to a short-term decrease in stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
David Tepper has made Alibaba his top holding, increasing its share in his portfolio from 5.82% to 12.05%.
Tepper's significant increase in Alibaba holdings indicates strong confidence in the company's future performance, likely driving short-term stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Tepper added the iShares China Large-Cap ETF to his portfolio, now commanding 2.27% of the fund.
The addition of FXI to Tepper's portfolio reflects a bullish stance on Chinese large-cap stocks, likely driving short-term price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tepper bought 1.325 million shares of PDD Holdings, making it 3.61% of his portfolio.
Tepper's significant purchase of PDD shares indicates confidence in the company's growth, likely driving short-term stock price up.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70