David Tepper's Appaloosa Management exited PDD Holdings Inc (PDD) during 2026 Q2, according to the 13F-HR filed with the SEC on August 14, 2026, selling all 900K shares. The position had been worth about $92M at the prior quarter-end and carried 1.55% of the book. PDD had been in the portfolio for 3 years, since the quarter ended June 30, 2023.
What did the 2026 Q2 filing report for PDD?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Before | After | |
|---|---|---|
| Shares | 900K | 0 |
| Reported value | $92M | $0 |
| Portfolio weight | 1.55% | 0% |
| Held since | 2023 Q2 | sold out in 2026 Q2 |
| Quarters held | 12 |
What did David Tepper sell?
David Tepper sold 900K shares of PDD between the quarter ended March 31, 2026 and June 30, 2026. The PDD exit was the 10th largest of the quarter's 34 position changes by percent change to portfolio.
Where does PDD sit in the David Tepper portfolio?
Before the sale, PDD carried 1.55% of the David Tepper portfolio, below the fund's average stock position of 4%. The largest stock position is AMZN at 15.95%. Next come MU at 15.06% and TSM at 10.55%. The three largest stocks together are 41.56% of the book. Across the 2026 Q2 portfolio, David Tepper reported 25 stock positions, with 6 opened and 12 closed. The total portfolio value is about $7.5B, up 26% from the prior quarter.
How long has David Tepper held PDD?
David Tepper held PDD for 3 years, from the quarter ended June 30, 2023 to March 31, 2026. The weight peaked at 10.62% in 2024 Q3. Last quarter the fund had already cut the position by 49%, so the exit finishes a two-quarter unwind. Every reported trade is on the David Tepper PDD trade history page.
Did other funds buy or sell PDD in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 14, 2026, 4 still hold PDD. Another 2 sold out of it this quarter as well. The largest buyers of PDD this quarter were Duan Yongping and Li Lu. The largest sellers were Lewis Sanders, Sarah Ketterer and Howard Marks. Every tracked holder of PDD is on the PDD ownership page.
FAQ
How many PDD shares did David Tepper sell?
David Tepper sold all 900K shares of PDD it reported a quarter earlier, worth about $92M.
When did David Tepper first buy PDD?
David Tepper first reported PDD in the quarter ended June 30, 2023.
How much of the David Tepper portfolio was PDD?
PDD was 1.55% of the David Tepper portfolio at the prior quarter-end, and 0% after the sale.
Did other funds sell PDD in 2026 Q2?
2 other tracked funds sold out of PDD in 2026 Q2 and 1 trimmed it; 4 still hold it.