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David Tepper

David Tepper Appaloosa LP

AUM $5.93B
1-Year Est. Return 44.55%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+13.94%
1 Year Est. Return
+44.55%
3 Year Est. Return
+188.72%
5 Year Est. Return
+296.74%
10 Year Est. Return
+1,042.31%
AUM
$8.38B
AUM Growth
+$1.92B
Cap. Flow
-$887M
Cap. Flow %
-10.58%
Top 10 Hldgs %
77.25%
Holding
44
New
7
Increased
8
Reduced
21
Closed
6

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$122M
2
DB icon
Deutsche Bank
DB
+$78.7M
3
LHX icon
L3Harris
LHX
+$62.9M
4
META icon
Meta Platforms (Facebook)
META
+$38.7M
5
AVGO icon
Broadcom
AVGO
+$27.5M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$301M
2
MSFT icon
Microsoft
MSFT
+$188M
3
AMD icon
Advanced Micro Devices
AMD
+$145M
4
ORCL icon
Oracle
ORCL
+$114M
5
PDD icon
Pinduoduo
PDD
+$113M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.62%
2 Technology 11.73%
3 Communication Services 8.38%
4 Utilities 5.56%
5 Energy 1.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
26
TSMC
TSM
$2.19T
$44.8M 0.53%
270,000
+20,000
+8% +$3.89M
BEKE icon
27
KE Holdings
BEKE
$18.7B
$38.2M 0.46%
1,900,000
-674,074
-26% -$13.4M
LRCX icon
28
Lam Research
LRCX
$390B
$36.4M 0.43%
500,000
-750,000
-60% -$59.1M
MU icon
29
Micron Technology
MU
$981B
$34.8M 0.41%
400,000
-800,000
-67% -$76.8M
NVDA icon
30
NVIDIA
NVDA
$5.27T
$32.5M 0.39%
300,000
-380,001
-56% -$48.2M
MPLX icon
31
MPLX
MPLX
$60.1B
$31M 0.37%
578,500
– –
WYNN icon
32
Wynn Resorts
WYNN
$10.8B
$26.7M 0.32%
320,000
-180,000
-36% -$15.4M
LVS icon
33
Las Vegas Sands
LVS
$29.6B
$22.8M 0.27%
590,000
-310,000
-34% -$13.7M
AVGO icon
34
Broadcom
AVGO
$1.98T
$21.8M 0.26%
+130,000
New +$27.5M
SMH icon
35
PUT
VanEck Semiconductor ETF
SMH
$70.6B
$21.1M 0.25%
+100,000
New +$24M
EXEEZ
36
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
$12.3M 0.15%
117,321
-132,679
-53% -$12.6M
EXEEL
37
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
$6.46M 0.08%
65,398
-84,602
-56% -$7.75M
XYZ
38
Block Inc
XYZ
$47.5B
$4.07M 0.05%
+75,000
New +$5.6M
AMD icon
39
Advanced Micro Devices
AMD
$774B
– –
-1,200,000
Closed -$145M
AR icon
40
Antero Resources
AR
$11.6B
– –
-840,000
Closed -$29.4M
EQT icon
41
EQT Corp
EQT
$34B
– –
-800,000
Closed -$36.9M
FDX icon
42
FedEx
FDX
$76.3B
– –
-350,000
Closed -$98.5M
INTC icon
43
Intel
INTC
$493B
– –
-1,000,000
Closed -$20.1M
EXE
44
Expand Energy Corp
EXE
$22.7B
– –
-295,000
Closed -$29.4M
1
2

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David Tepper's Q1 2025 Portfolio in Review

As of Q1 2025, David Tepper held 44 positions worth $8.38B, up 30% from $6.46B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

David Tepper withdrew a net $887M in Q1 2025, closing 6 positions and reducing 21 holdings. Its most notable exit was Advanced Micro Devices, an estimated $145M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, down from 41% a quarter earlier, followed by Technology and Communication Services.

Against the trend, David Tepper opened a new position in Deutsche Bank worth $89.4M.

  • David Tepper's largest Q1 2025 buy was Deutsche Bank: 3,750,000 shares worth $89.4M.
  • David Tepper added most to Uber in Q1 2025, an estimated $122M increase.
  • David Tepper's biggest Q1 2025 reduction was Alibaba, cutting an estimated $301M.
  • David Tepper fully exited Advanced Micro Devices in Q1 2025, selling an estimated $145M.
  • David Tepper's ten largest holdings make up 77% of its $8.38B portfolio in Q1 2025.
  • David Tepper opened 7 new positions and closed 6 in Q1 2025.
  • David Tepper's portfolio value rose 30% quarter-over-quarter to $8.38B.

Based on Appaloosa LP's 13F filing for Q1 2025, filed 15 May 2025.