Where are China bulls?

David Tepper was a prominent China bull in 2024.

What happened afterwards? Seem that he has been selling continuously and has mostly exited. His recent add in Baidu is still smaller than his other China sales.


 

Ray Dalio / Bridgewater similar, even faster exit.

Position 4Q24 shares 1Q25 shares 2Q25 Latest 2Q26
BABA 0.255m 5.660m 0 0
PDD 1.247m 1.743m 0 0
BIDU ~0.197m 2.076m 0 0
JD 0 2.787m 0 0
FXI 1.082m 0.691m 0 0
KWEB no meaningful disclosed position

Source: ChatGPT


Li Lu / Himalaya is more of a long term investor. He recently added PDD and TME.