David Tepper's position in PDD Holdings is currently worth $248M. That's 3.60% of their equity portfolio (11th largest holding). The first PDD Holdings trade was made in Q2 2023. Since then David Tepper bought shares four more times and sold shares on four occasions. The stake costed the investor $228M, netting the investor a gain of 8.7% so far.
Tepper expressed exuberance in Chinese stocks following recent stimulus measures in the country.
Many investors today have deemed China stocks as non-viable investments. However, being a contrarian investor is a great way to make outsized returns. As you...
Summary List Placement Chinese stocks continued to tumble this week on new data showing the slowdown from COVID-19 was worse than expected in July. Shares of...