David Tepper's position in PDD Holdings- ADR is currently worth $100 Million. That's 1.55% of their equity portfolio (16th largest holding). David Tepper started to build up the position in PDD Holdings- ADR in Q2 2023 and continued to invest until Q3 2023. Since then they sold 625 Thousand shares. The stake costed the investor $59.5 Million, netting the investor a gain of 68% so far.
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...
InvestorPlace, 2 months agoSummary 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...
Business Insider, over 2 years ago