Appaloosa Reduces Chinese Tech Exposure, Increases US Tech Holdings in Q1

Appaloosa's Q1 Portfolio Adjustments

• 📉 Appaloosa significantly reduced its exposure to Chinese tech stocks during the first quarter.
• 💡 Stakes in Alibaba were down 22%, BYD nearly halved, JD.com decreased by 23%, and PDD Holdings fell by 18%.

US Tech Stock Movements

• ✂️ In US tech, Appaloosa cut its stakes in Microsoft, Qualcomm, and Nvidia by half.
• 📈 Conversely, the firm slightly increased its exposure to Meta and Alphabet.
• 🍎 A new stake in Apple was initiated, valued at approximately $277 million at the end of the quarter.
• 🚀 Appaloosa also doubled its stake in Uber during Q1.

Berkshire Hathaway's Confidential Holding

• 🤫 Berkshire Hathaway is building a confidential stake in an undisclosed company.
• 🔒 This confidential treatment is requested to prevent affecting the stock price before the position is fully established.
• ❓ The identity of this holding and when it will be disclosed remain unknown.