Billionaire David Tepper’s 10 Stock Picks with Huge Upside Potential

3. JD.com, Inc.(NASDAQ:JD)

Appaloosa Management Stake Value: $362,852,233

Upside Potential as of May 5: 47.29%

Number of Hedge Fund Holders: 78

JD.com, Inc. (NASDAQ:JD) is one of China’s largest e-commerce companies and a direct competitor to Alibaba (NYSE:BABA) in the online retail market. The company operates as a supply chain-based technology and service provider. Its business model combines direct sales with a third-party marketplace. Like Alibaba (NYSE:BABA), JD.com (NASDAQ:JD) accounts for a substantial share of billionaire David Tepper’s portfolio (5.60% as of Q4 2024). The company is Tepper’s third-largest position. More than 75 other institutional investors are drawn to the company because of several factors. Key among them is the direct sales model and stringent quality control measures.

On the operational front, JD.com, Inc. (NASDAQ:JD) is actively expanding its global footprint. Reports in South Korea indicate that the company will soon enter the market. The e-commerce giant has set up logistics centers in Incheon and Icheon, Gyeonggi, and launched a service for global sellers. JD.com (NASDAQ:JD) now handles logistics for several US consumer brands, Korean beauty firms, and pet commerce companies. However, this international expansion comes amid growing geopolitical concerns. In the US, lawmakers are urging the SEC to delist Chinese companies, including JD.com (NASDAQ:JD). They cite alleged military links that they claim pose risks to US national security.

On April 28, 2025, Citi analysts adjusted their outlook on the stock. They reduced the price target to $51 from the previous $56 but maintained a Buy rating on the company’s shares. The analysts cited JD.com’s (NASDAQ:JD) push into the food delivery sector, which, they wrote, carries an air of uncertainty regarding its sustainability.