David Tepper Appaloosa LP
David Tepper, founder of Appaloosa Management, is a billionaire hedge fund manager renowned for his expertise in distressed debt investing and contrarian bets. He is known for high-risk, high-reward strategies that have generated significant returns, such as investing in struggling banks during the 2008 financial crisis. His investment philosophy emphasizes deep value analysis, understanding market psychology, and making high-conviction decisions, often going against prevailing sentiment.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$471M |
| 2 |
Uber
UBER
|
+$345M |
| 3 |
Vistra
VST
|
+$174M |
| 4 |
SNDK
Sandisk
SNDK
|
+$159M |
| 5 |
TSMC
TSM
|
+$68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$251M |
| 2 |
American Airlines Group
AAL
|
+$217M |
| 3 |
Microsoft
MSFT
|
+$172M |
| 4 |
Whirlpool
WHR
|
+$144M |
| 5 |
KraneShares CSI China Internet ETF
KWEB
|
+$120M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.13% |
| 2 | Consumer Discretionary | 27.3% |
| 3 | Communication Services | 13.89% |
| 4 | Utilities | 9.4% |
| 5 | Industrials | 2.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Microsoft
MSFT
$3.74T
| $33.3M | 0.56% |
90,000
-410,000
| -82% | -$172M |
|
|
27
KraneShares CSI China Internet ETF
KWEB
$5.56B
| $30.7M | 0.52% |
1,080,000
-3,670,000
| -77% | -$120M |
|
28
Energy Transfer Partners
ET
$71.6B
| $30.4M | 0.51% |
1,576,125
-615,125
| -28% | -$11.3M |
|
29
MPLX
MPLX
$60.1B
| $28.7M | 0.48% |
502,460
-125,040
| -20% | -$7.09M |
|
30
UnitedHealth
UNH
$365B
| $24.4M | 0.41% |
90,000
-110,000
| -55% | -$32.8M |
|
31
Deutsche Bank
DB
$71.8B
| $7.67M | 0.13% |
257,616
-2,892,384
| -92% | -$102M |
|
|
32
American Airlines Group
AAL
$10.1B
| – | – |
-14,150,000
| Closed | -$217M |
|
33
Delta Air Lines
DAL
$59.5B
| – | – |
-475,000
| Closed | -$33M |
|
34
iShares China Large-Cap ETF
FXI
$4.25B
| – | – |
-1,087,500
| Closed | -$41.6M |
|
35
Goodyear
GT
$1.75B
| – | – |
-2,500,000
| Closed | -$21.9M |
|
36
IQVIA
IQV
$40.1B
| – | – |
-280,000
| Closed | -$63.1M |
|
37
Mohawk Industries
MHK
$9.26B
| – | – |
-675,000
| Closed | -$73.8M |
|
38
CALL
Micron Technology
MU
$981B
| – | – |
-250,000
| Closed | -$71.4M |
|
39
Owens Corning
OC
$12.6B
| – | – |
-950,000
| Closed | -$106M |
|
40
United Airlines
UAL
$41B
| – | – |
-465,000
| Closed | -$52M |
|
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David Tepper's Q1 2026 Portfolio in Review
As of Q1 2026, David Tepper held 40 positions worth $5.93B, down 14% from $6.93B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
David Tepper withdrew a net $779M in Q1 2026, closing 9 positions and reducing 22 holdings. Its most notable exit was American Airlines Group, an estimated $217M position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 30% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, David Tepper opened a new position in Sandisk worth $179M.
- David Tepper's largest Q1 2026 buy was Sandisk: 281,250 shares worth $179M.
- David Tepper added most to Amazon in Q1 2026, an estimated $471M increase.
- David Tepper's biggest Q1 2026 reduction was Alibaba, cutting an estimated $251M.
- David Tepper fully exited American Airlines Group in Q1 2026, selling an estimated $217M.
- David Tepper's ten largest holdings make up 74% of its $5.93B portfolio in Q1 2026.
- David Tepper opened 1 new position and closed 9 in Q1 2026.
- David Tepper's portfolio value fell 14% quarter-over-quarter to $5.93B.
Based on Appaloosa LP's 13F filing for Q1 2026, filed 15 May 2026.