David Tepper is still betting big on China - and now this American appliance maker

Dow Jones
11/14

MW David Tepper is still betting big on China - and now this American appliance maker

By Steve Goldstein

Appliance maker Whirlpool has struggled as the housing market retreats, but Appaloosa purchase stock in the third quarter.

Famed investor David Tepper trimmed his stake in Chinese internet giant Alibaba, but is still betting big on stocks in the country, a securities filing shows - and snapped up a struggling American company too.

Tepper's Appaloosa bought 5.5 million shares of Whirlpool $(WHR)$ during the third quarter, according to a Securities and Exchange Commission 13-F filing.

Whirlpool shares rose 5% in premarket trade.

The stock has dropped 43% this year, as the company has resorted to promotional activity to drive sales given a rough housing market that has depressed appliance sales. Foreign rivals actively built up inventories ahead of tariffs, but Whirlpool expects the environment to become more favorable next year.

According to FactSet, Whirlpool trades on less than 10 times estimated 2025 earnings per share.

Appaloosa did trim stakes in top holdings Alibaba $(BABA)$ and Amazon.com (AMZN) during the quarter, while nearly doubling its stake in the KraneShares CSI China Internet ETF KWEB.

Last year, Tepper in an CNBC interview famously said he was buying "everything" after the Chinese government announced stimulus measures.

-Steve Goldstein

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(END) Dow Jones Newswires

November 14, 2025 04:55 ET (09:55 GMT)

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