David Tepper's position in PDD Holdings is currently worth $106 Million. That's 1.60% of their equity portfolio (16th largest holding). David Tepper started to build up the position in PDD Holdings 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 78% 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