Billionaire Brad Gerstner's Altimeter Capital Dumps Largest China Holding and Invests in These 2 Two Top 15 Stocks
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Altimeter Capital Management, led by Brad Gerstner, has closed its position in KraneShares CSI China Internet ETF (KWEB), which was its seventh-largest holding. This move was part of 27 changes made by the hedge fund in the fourth quarter.
March 02, 2025 | 4:00 pm
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Altimeter Capital has sold its entire position in KraneShares CSI China Internet ETF, which was its seventh-largest holding. This could indicate a lack of confidence in the Chinese internet sector.
The sale of KWEB by a major hedge fund like Altimeter Capital suggests a strategic shift away from Chinese internet stocks, potentially due to perceived risks or better opportunities elsewhere. This could lead to short-term downward pressure on KWEB's price.
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