Understanding the Market | Alibaba-W fell over 3% in early trading as renowned hedge fund Appaloosa LP reduced its holdings in the company in the second quarter
Alibaba-W fell over 3% in early trading, and as of the time of writing, it was down 3.12%, priced at HKD 118, with a transaction volume of HKD 4.93 billion. In terms of news, recently, according to disclosures from the U.S. Securities and Exchange Commission (SEC), renowned Wall Street hedge fund manager David Tepper's Appaloosa LP submitted its second-quarter (Q2) holdings report (13F) as of June 30, 2025. Tepper, known as the "King of Bottom Fishing on Wall Street," showcased his unique style as a contrarian investor by significantly purchasing shares of troubled UnitedHealth in the second quarter. Notably, Appaloosa LP ranked Alibaba as its top holding among the top five positions, with approximately 7.07 million shares, a market value of about USD 801 million, accounting for 12.43% of the portfolio, a decrease of 23.43% in the number of shares held compared to the previous quarter
According to Zhitong Finance APP, Alibaba-W (09988) fell over 3% in early trading, and as of the time of writing, it was down 3.12%, priced at HKD 118, with a transaction volume of HKD 4.93 billion.
In terms of news, recently, according to disclosures from the U.S. Securities and Exchange Commission (SEC), the well-known Wall Street hedge fund manager David Tepper's Appaloosa LP submitted its second-quarter (Q2) holdings report (13F) for the period ending June 30, 2025. Tepper, known as the "King of Bottom Fishing on Wall Street," showcased his unique style as a contrarian investor by significantly purchasing shares of the troubled UnitedHealth (UNH.US) in the second quarter. Notably, Appaloosa LP's top five holdings include Alibaba (BABA.US), which ranks first with approximately 7.07 million shares, a holding value of about USD 801 million, accounting for 12.43% of the portfolio, a decrease of 23.43% from the previous quarter
