David Tepper Reshuffles Portfolio: Alibaba Trimmed, SanDisk Sold, Amazon and CoreWeave Added

TLDR

• Appaloosa Management trimmed Alibaba by 12% and fully exited JD.com, PDD Holdings, and the KWEB ETF
• Tepper increased his Baidu stake by 14%, showing selective China exposure rather than a full exit
• He sold all SanDisk shares after a 591% run and trimmed Micron and AMD positions
• Amazon became his largest disclosed position at 5 million shares worth over $1.1 billion
• Tepper opened a new stake in CoreWeave and added to power utilities Vistra and NRG Energy

David Tepper’s hedge fund Appaloosa Management filed its Q2 2026 13F on August 14, revealing a major portfolio reshuffle. The fund trimmed or exited several China and chip positions while moving deeper into AI infrastructure and power stocks.

Tepper Gets Selective on China

Tepper cut his Alibaba stake by roughly 12% and completely sold out of JD.com and PDD Holdings. He also exited the KraneShares CSI China Internet ETF, removing his broad China internet exposure.

Alibaba Group Holding Limited, BABA

But he did not walk away from China entirely. Appaloosa added around 14% more to its Baidu position, making it the standout China bet in the portfolio.

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