David Tepper's Appaloosa Management sold its entire stake in Chinese e-commerce company JD.com during the second quarter of 2026. The position consisted of 1.30 million shares, valued at approximately $38.59 million as of the prior quarter. The move was part of a broader reduction in the firm's exposure to Chinese consumer tech, which also included exiting PDD Holdings and trimming its Alibaba stake.
This trade information comes from a quarterly 13F filing, which discloses positions held as of June 30, 2026, and is not necessarily reflective of the fund's current holdings. While Appaloosa reduced its exposure to Chinese e-commerce, the firm increased its investment in Chinese search engine Baidu during the same period, suggesting a more selective approach to the region rather than a complete withdrawal.