Hua Er Jie Jian Wen·2025-05-16 01:15Group 1 - Hedge fund manager David Tepper has reduced his stake in Alibaba but still maintains significant exposure to Chinese tech stocks, with three out of his top five holdings being Chinese companies [1][2] - As of Q1 2025, Tepper's portfolio consists of 38 stocks, with Alibaba being the largest holding at 14.56%, followed by Pinduoduo at 6.17%, Amazon at 5.7%, JD.com at 3.95%, and Meta Platforms at 3.78% [2] Group 2 - Tepper has made notable reductions in his portfolio, including a decrease of 2.61 million shares in Alibaba, resulting in a 22.06% reduction and a portfolio impact of -3.43%. He also reduced his Microsoft holdings by 460,000 shares, leading to a 47.42% decrease and a portfolio impact of -3% [7] - The fund increased its positions in eight stocks, most significantly in Uber, acquiring an additional 1.7 million shares, which raised the total to 3.2 million shares, a 113.33% increase with a portfolio impact of 1.48% and a total value of $233 million [9] - Additionally, Tepper increased his Meta holdings by 60,000 shares to 550,000 shares, a 12.24% increase with a total value of $317 million [10] Group 3 - Tepper completely exited six stocks in Q1 2025, notably selling all 1.2 million shares of AMD, which had a portfolio impact of -2.24%, and also cleared out 350,000 shares of FedEx, impacting the portfolio by -1.52% [11] - The fund initiated positions in four new stocks, with Deutsche Bank being the most significant, acquiring 3.75 million shares, representing 1.07% of the portfolio with a total value of $89.36 million [12] - Other new positions include L3Harris Technologies with 300,000 shares (0.75% of the portfolio, valued at $62.79 million) and Broadcom with 130,000 shares (0.26% of the portfolio, valued at $21.77 million) [12]