David Tepper Shifts Portfolio, Cuts Alibaba, Microsoft by 22.06%, 47.42%

David Tepper, the prominent hedge fund manager, made substantial changes to his investment portfolio during the first quarter of 2025. According to the latest 13F filing, Tepper's Appaloosa Management significantly adjusted its holdings, including increasing stakes in Uber and Meta, while reducing positions in Alibaba and Microsoft. Additionally, Tepper completely exited his holdings in AMD and FedEx, and initiated new positions in Deutsche Bank and Broadcom.

Tepper's portfolio adjustments reflect a strategic shift in his investment approach. The reduction in Alibaba and Microsoft holdings, with a 22.06% decrease in Alibaba shares and a 47.42% decrease in Microsoft shares, indicates a cautious stance towards these companies. Despite these reductions, Tepper maintained a significant exposure to Chinese technology companies, with three out of his top five holdings being Chinese stocks, including Alibaba, Pinduoduo, and JD.com. This continued investment in Chinese technology firms underscores Tepper's confidence in their long-term growth prospects, despite recent market volatility and regulatory challenges.

Tepper's increase in Uber and Meta holdings demonstrates his focus on high-growth sectors. He added 1.7 million shares of Uber, increasing his total holdings to 3.2 million shares, and added 60,000 shares of Meta, bringing his total holdings to 550,000 shares. These moves suggest that Tepper is betting on the continued expansion of ride-sharing and social media platforms, which have shown strong growth potential in recent years.

Tepper's decision to completely exit his positions in AMD and FedEx further highlights his dynamic investment strategy. By exiting these holdings, Tepper may be signaling a shift away from companies that do not align with his current investment thesis. This strategic move allows Tepper to reallocate capital to more promising opportunities, such as Uber and Meta, which have shown strong growth potential and innovative business models.

Tepper's portfolio adjustments also include new positions in Deutsche Bank and Broadcom. He acquired 3.75 million shares of Deutsche Bank, representing 1.07% of his portfolio, and 130,000 shares of Broadcom, representing 0.26% of his portfolio. These new positions suggest that Tepper is diversifying his portfolio and exploring new investment opportunities in the financial and technology sectors.

Overall, Tepper's portfolio adjustments during the first quarter of 2025 reflect his dynamic and strategic investment approach. By regularly reassessing and rebalancing his holdings, Tepper is able to capitalize on emerging opportunities and mitigate risks. His continued investment in Chinese technology companies, along with his focus on high-growth sectors such as ride-sharing and social media, demonstrates his ability to identify and capitalize on long-term growth prospects. Tepper's decision to exit positions in AMD and FedEx, while initiating new positions in Deutsche Bank and Broadcom, further highlights his strategic approach to portfolio management.