Billionaire investor David Tepper boosts China bet to 37% of his firm’s portfolio.

illionaire investor David Tepper increased his positions in a number of China-related stocks and exchange-traded funds (ETFs) last quarter, despite uncertainties about tariffs and China’s slow economic growth.

The president and founder of Appaloosa Management, who said in September that he would buy “everything” related to China, increased his firm’s holdings in companies including JD.com, Alibaba Group Holding and PDD Holdings in the fourth quarter of 2024.

Tepper’s China buying spree increased Appaloosa’s holdings in JD.com by 43 per cent, Alibaba by 18 per cent, Baidu by 7 per cent, KE Holdings by 18 per cent, and PDD by 1 per cent, according to a filing on Monday. Holdings in two ETFs – KranShares CSI China Internet and iShares China Large-Cap – also increased, by 21.5 per cent and 14 per cent, respectively.

Source: SCMP