David Tepper's position in PDD Holdings is currently worth $428 Million. That's 7.39% of their entire equity portfolio (3rd largest holding). The investor owns 1.01% of the outstanding PDD Holdings stock. The first PDD Holdings trade was made in Q2 2023. Since then David Tepper bought shares four more times and sold shares on three occasions. The investor's estimated purchase price is $498 Million, resulting in a loss of 14%.
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...