Appaloosa Cuts China Bets, Lifts Amazon Stake to $1.1 Billion in Q2
Updated
Updated · Blockonomi · Aug 17
Appaloosa Cuts China Bets, Lifts Amazon Stake to $1.1 Billion in Q2
1 articles · Updated · Blockonomi · Aug 17
Summary
Appaloosa’s Q2 13F showed a sharper pivot in its China book: Alibaba was cut 12%, while JD.com, PDD and the KWEB China internet ETF were fully exited.
Baidu was the exception, with the stake raised 14%, underscoring David Tepper’s move toward selective China exposure rather than a full retreat.
Amazon became the fund’s largest disclosed holding after Appaloosa bought 680,000 more shares, taking the position to 5 million shares worth more than $1.1 billion.
The fund also rotated within AI, selling SanDisk after a 591% gain, trimming Micron, AMD and Qualcomm, and starting a $107 million CoreWeave position.
Power infrastructure was another major theme: Appaloosa added to Vistra and NRG, betting data-center demand will lift electricity use to 12% of U.S. consumption by 2028.