David Tepper: Increase holdings in Uber, reduce holdings in Alibaba, but Chinese tech stock corrections still dominate.

According to the 13F filing, hedge fund tycoon David Tepper, who once boasted of "buying all Chinese assets," reduced his holdings in Alibaba and Microsoft in the first quarter through his hedge fund Appaloosa Management. The stake in Alibaba was reduced by 22%, but significant exposure to Chinese tech companies was still maintained. In the top five holdings, Chinese stocks still hold three positions, including Alibaba, Pinduoduo, and JD.com. The investments are mainly concentrated in nine industries: consumer cycles, technology, communication services, utilities, energy, healthcare, financial services, industrial, and real estate.