David Tepper’s Appaloosa is betting big on Chinese tech stocks

[Pelican Press 0]

David Tepper’s Appaloosa is ******** big on ******** tech stocks

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, pushing both into its top ten holdings list, according to securities filings and VerityData. New additions to the fund also have ******** tilt. Stocks that Appaloosa added in Q1 but not enough to make its top holdings include

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, the iShares FTSE China Large-Cap ETF (FXI) , JD.com and the Kraneshares CSI China Internet ETF (KWEB) . Appaloosa still has sizable positions in ********* tech names, but trimmed many of them during the quarter, including Alphabet and Meta Platforms . The fund also revealed that it holds put options against

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, which could indicate more selling in the second quarter. Outside of technology, Appaloosa exited a small position in hospital stock HCA Holdings and added a small position in Boeing . Quarterly hedge fund filings do not say when or at what price a trade was made, or if the positions have changed since the end of March. ******** tech stocks have been trending higher, however, with the KWEB up 19% in the second quarter. Tepper founded Appaloosa more than 30 years ago, and indicated in 2019 that he planned to convert the fund into a family office. He also owns the NFL’s Carolina Panthers.

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Investment strategy,Markets,Alibaba Group Holding Ltd,Alibaba Group Holding Ltd,PDD Holdings Inc,

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Inc,

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Inc.,iShares China Large-Cap ETF,JD.Com Inc,JD.Com Inc,KraneShares CSI China Internet ETF,HCA Holdings Inc,Boeing Co,Alphabet Inc,Meta Platforms Inc,

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Corp,business news
#David #Teppers #Appaloosa #******** #big #******** #tech #stocks

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