David Tepper acquired 9.23 Million Alibaba Group Holding Ltd shares worth $1.11 Billion. It makes up 19.09% of their stock portfolio and is their biggest holding. The first Alibaba Group Holding Ltd trade was made in Q3 2014. Since then David Tepper bought shares fourteen more times and sold shares on 21 occasions. The stake costed the investor $748 Million, netting the investor a gain of 48% so far.
During the first quarter, the Carolina Panthers owner trimmed stakes in Alibaba and other Chinese companies.
David Tepper's success as an investing legend can be attributed to the rare combination of contrarian bets, unwavering conviction, and the gumption to make m...
Appaloosa cut its stakes in both Meta Platforms and Amazon.com by about 20%.