David Tepper's position in KraneShares Trust - KraneShares CSI China Internet ETF is currently worth $152M. That's 2.21% of their equity portfolio (15th largest holding). The investor owns 506.28% of the outstanding KraneShares Trust - KraneShares CSI China Internet ETF stock. The first KraneShares Trust - KraneShares CSI China Internet ETF trade was made in Q2 2023. Since then David Tepper bought shares three more times and sold shares on three occasions. The stake costed the investor $108M, netting the investor a gain of 41% so far.
Most China tech ETFs have turned around lately after a slump. David Tepper's Appaloosa is betting big on Chinese tech stocks.