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 |
Whirlpool
WHR
|
+$480M |
| 2 |
Advanced Micro Devices
AMD
|
+$153M |
| 3 |
Qualcomm
QCOM
|
+$142M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$133M |
| 5 |
KraneShares CSI China Internet ETF
KWEB
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$679M |
| 2 |
Intel
INTC
|
+$179M |
| 3 |
Vistra
VST
|
+$110M |
| 4 |
Alibaba
BABA
|
+$80.9M |
| 5 |
Amazon
AMZN
|
+$45.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 36.64% |
| 2 | Technology | 28.23% |
| 3 | Communication Services | 10.12% |
| 4 | Utilities | 7.41% |
| 5 | Industrials | 5.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Micron Technology
MU
$981B
| $83.7M | 1.13% |
500,000
-325,000
| -39% | -$41.6M |
|
|
27
UnitedHealth
UNH
$365B
| $70.3M | 0.95% |
203,500
-2,246,500
| -92% | -$679M |
|
28
Truist Financial
TFC
$63.9B
| $63.4M | 0.86% |
+1,387,500
| New | +$62.6M |
|
29
ASML
ASML
$691B
| $62M | 0.84% |
64,000
-6,000
| -9% | -$4.72M |
|
30
Caesars Entertainment
CZR
$6.06B
| $56.8M | 0.77% |
2,100,000
| – | – |
|
31
IQVIA
IQV
$40.1B
| $54.1M | 0.73% |
285,000
-15,000
| -5% | -$2.73M |
|
32
Lam Research
LRCX
$390B
| $49.5M | 0.67% |
370,000
-30,000
| -8% | -$3.18M |
|
33
iShares China Large-Cap ETF
FXI
$4.25B
| $45.7M | 0.62% |
1,110,000
+110,000
| +11% | +$4.25M |
|
34
United Airlines
UAL
$41B
| $44.6M | 0.6% |
462,500
-87,500
| -16% | -$8.42M |
|
35
Goodyear
GT
$1.75B
| $38.4M | 0.52% |
5,140,000
+4,278,218
| +496% | +$40.2M |
|
36
KeyCorp
KEY
$24.3B
| $37.8M | 0.51% |
+2,020,000
| New | +$37.4M |
|
37
Citizens Financial Group
CFG
$30.7B
| $31.9M | 0.43% |
+600,000
| New | +$29.9M |
|
|
CMA
38
DELISTED
Comerica
CMA
| $31.7M | 0.43% |
+462,500
| New | +$31.1M |
|
|
XYZ
39
Block Inc
XYZ
$47.5B
| $26.7M | 0.36% |
370,000
-271,800
| -42% | -$20.3M |
|
40
MPLX
MPLX
$60.1B
| $26.7M | 0.36% |
535,000
-43,500
| -8% | -$2.21M |
|
41
Delta Air Lines
DAL
$59.5B
| $26.2M | 0.36% |
462,500
-87,500
| -16% | -$4.99M |
|
42
Owens Corning
OC
$12.6B
| $22.8M | 0.31% |
+161,500
| New | +$23.7M |
|
43
Mohawk Industries
MHK
$9.26B
| $20.8M | 0.28% |
161,500
+96,500
| +148% | +$12M |
|
44
Western Alliance Bancorporation
WAL
$8.89B
| $16.9M | 0.23% |
+195,000
| New | +$16.5M |
|
45
Zions Bancorporation
ZION
$10.4B
| $16.1M | 0.22% |
+285,000
| New | +$15.9M |
|
46
KE Holdings
BEKE
$18.7B
| – | – |
-1,500,000
| Closed | -$26.6M |
|
|
47
Intel
INTC
$493B
| – | – |
-8,000,000
| Closed | -$179M |
|
48
Oracle
ORCL
$419B
| – | – |
-150,000
| Closed | -$32.8M |
|
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David Tepper's Q3 2025 Portfolio in Review
As of Q3 2025, David Tepper held 48 positions worth $7.38B, up 14% from $6.45B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
David Tepper's Q3 2025 filing shows 10 new, 9 increased, 24 reduced and 3 closed positions. Its largest new stake was Advanced Micro Devices: 950,000 shares worth $154M. The largest sale was UnitedHealth, an estimated $679M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, up from 30% a quarter earlier, followed by Technology and Communication Services.
- David Tepper's largest Q3 2025 buy was Advanced Micro Devices: 950,000 shares worth $154M.
- David Tepper added most to Whirlpool in Q3 2025, an estimated $480M increase.
- David Tepper's biggest Q3 2025 reduction was UnitedHealth, cutting an estimated $679M.
- David Tepper fully exited Intel in Q3 2025, selling an estimated $179M.
- David Tepper's ten largest holdings make up 58% of its $7.38B portfolio in Q3 2025.
- David Tepper opened 10 new positions and closed 3 in Q3 2025.
- David Tepper's portfolio value rose 14% quarter-over-quarter to $7.38B.
Based on Appaloosa LP's 13F filing for Q3 2025, filed 13 Nov 2025.