Billionaire investor David Tepper's Appaloosa Management reduced its position in Alibaba by 42.28% during the second quarter of 2026, lowering its holding to 2.00 million shares valued at $192 million. This trade was disclosed in a quarterly 13F filing with the SEC, which reports positions as of June 30, 2026, and may not reflect the firm's current holdings.
The reduction in Alibaba was part of a broader strategic shift in Tepper's China investments. During the same period, Appaloosa exited its positions in other Chinese e-commerce giants JD.com and PDD Holdings, while increasing its stake in Baidu, suggesting a more selective approach to the region's tech sector. The move is notable as Tepper had previously identified Alibaba as a key AI investment.