Billionaire Investor David Tepper Shakes Up Portfolio to Embrace Chinese Stocks
Sunday, 19 May 2024, 07:05
Out with the old...
A regulatory filing revealed that Tepper decreased his stakes in Nvidia, Meta Platforms, Microsoft, Alphabet, and Amazon. While maintaining belief in their future prospects, Tepper strategically adjusted his holdings to fund new investments.
Tepper sold:
- Nvidia by 44%
- Meta Platforms by 39%
- Microsoft by 18%
- Alphabet by 10%
- Amazon by 3%
In with the new...
Tepper increased his holdings in Alibaba by 158%, Pinduoduo by 171%, and Baidu by 188%. These moves signify a shift towards embracing Chinese stocks and leveraging the growth potential in the Chinese market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.