David Tepper一季度：增持Uber、Meta，清仓AMD，减持阿里、微软

华尔街见闻2025-05-16

曾豪言“买入一切中国资产”的对冲基金大佬David Tepper在一季度减持了阿里，但在其前五大持仓中，中概股仍占据三席。据最新提交的2025年第一季度13F文件，Tepper旗下对冲基金Appaloosa Management一季度大幅调整其投资组合，包括增持Uber和Meta，减持阿里巴巴和微软，清仓AMD和联邦快递，建仓德银和博通等。 Tepper投资组合一览：中国科技股依然占主导尽管...

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Tepper的投资组合包括38只股票，其中阿里巴巴集团仍然是其最大持仓，占投资组合的14.56%，而拼多多位居第二，占比6.17%。投资组合前五大持仓还包括亚马逊(5.7%)、京东(3.95%)和Meta Platforms(3.78%)。\n其投资主要集中在消费周期、科技、通信服务、公用事业、能源、医疗保健、金融服务、工业和房地产这9个行业。\n\n减持动向：阿里巴巴和微软成为主要减持对象\nTepper在第一季度共减持了21只股票的头寸，最显著的变化包括减持261万股阿里巴巴，导致持股减少22.06%，对投资组合影响-3.43%。Tepper还减持46万股微软，导致持股减少47.42%，对投资组合影响-3%。\n下图显示Tepper对阿里的持仓变化。\n\n增持操作：加码Uber和Meta\nTepper在本季度增持了8只股票的头寸，其中最显著的是UBER，额外购入170万股，使总持股量达到320万股，持股数量增加113.33%，对当前投资组合影响达1.48%，总价值2.33亿美元。\n其次是META，增加6万股至55万股，持股数量增长12.24%，总价值3.17亿美元。\nAMD和FedEx遭到清仓\n在2025年第一季度，Tepper完全退出了6只股票的持仓。最引人注目的是完全清空了AMD的120万股持仓，对投资组合产生-2.24%的影响。同时，他还清仓了FedEx (FDX)的35万股，对投资组合造成-1.52%的影响。\n建仓德银和博通\nTepper在一季度新增了4只股票，其中最主要的是德意志银行，购入375万股，占投资组合1.07%，总价值8936万美元。其次是美国国防承包商L3Harris Technologies (LHX)，购入30万股，占组合约0.75%，价值6279万美元。第三大新增持仓是博通(AVGO)，购入13万股，占组合0.26%，价值2177万美元。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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