We are live on ! Find out more
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
+5.15%
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
$6.93B
AUM Growth
-$459M
Cap. Flow
-$454M
Cap. Flow %
-6.55%
Top 10 Hldgs %
59.01%
Holding
48
New
3
Increased
12
Reduced
24
Closed
9

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$229M
2
EWY icon
iShares MSCI South Korea ETF
EWY
+$171M
3
META icon
Meta Platforms (Facebook)
META
+$154M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$114M
5
OC icon
Owens Corning
OC
+$92.5M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$214M
2
AMD icon
Advanced Micro Devices
AMD
+$140M
3
FISV
Fiserv Inc
FISV
+$119M
4
WHR icon
Whirlpool
WHR
+$117M
5
KWEB icon
KraneShares CSI China Internet ETF
KWEB
+$102M

Sector Composition

Rank Sector Weight
1 Technology 30.29%
2 Consumer Discretionary 29.14%
3 Communication Services 14.9%
4 Industrials 8.47%
5 Utilities 5.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LYFT icon
26
Lyft
LYFT
$6.64B
$73.6M 1.06%
3,800,000
-1,800,000
-32% -$37.4M
LRCX icon
27
Lam Research
LRCX
$390B
$72.8M 1.05%
425,000
+55,000
+15% +$8.55M
MU icon
28
CALL
Micron Technology
MU
$981B
$71.4M 1.03%
+250,000
New +$57.4M
AMD icon
29
Advanced Micro Devices
AMD
$774B
$69.6M 1.01%
325,000
-625,000
-66% -$140M
ASML icon
30
ASML
ASML
$691B
$66.9M 0.97%
62,500
-1,500
-2% -$1.56M
UNH icon
31
UnitedHealth
UNH
$365B
$66M 0.95%
200,000
-3,500
-2% -$1.19M
BALL icon
32
Ball Corp
BALL
$16.6B
$63.6M 0.92%
+1,200,000
New +$59.1M
IQV icon
33
IQVIA
IQV
$40.1B
$63.1M 0.91%
280,000
-5,000
-2% -$1.09M
UAL icon
34
United Airlines
UAL
$41B
$52M 0.75%
465,000
+2,500
+0.5% +$253K
FXI icon
35
iShares China Large-Cap ETF
FXI
$4.25B
$41.6M 0.6%
1,087,500
-22,500
-2% -$893K
ET icon
36
Energy Transfer Partners
ET
$71.6B
$36.1M 0.52%
2,191,250
-2,765,985
-56% -$46M
MPLX icon
37
MPLX
MPLX
$60.1B
$33.5M 0.48%
627,500
+92,500
+17% +$4.82M
DAL icon
38
Delta Air Lines
DAL
$59.5B
$33M 0.48%
475,000
+12,500
+3% +$781K
GT icon
39
Goodyear
GT
$1.75B
$21.9M 0.32%
2,500,000
-2,640,000
-51% -$20.8M
CFG icon
40
Citizens Financial Group
CFG
$30.7B
– –
-600,000
Closed -$31.9M
CMA
41
DELISTED
Comerica
CMA
– –
-462,500
Closed -$31.7M
CZR icon
42
Caesars Entertainment
CZR
$6.06B
– –
-2,100,000
Closed -$56.8M
FISV
43
Fiserv Inc
FISV
$28B
– –
-925,000
Closed -$119M
KEY icon
44
KeyCorp
KEY
$24.3B
– –
-2,020,000
Closed -$37.8M
TFC icon
45
Truist Financial
TFC
$63.9B
– –
-1,387,500
Closed -$63.4M
WAL icon
46
Western Alliance Bancorporation
WAL
$8.89B
– –
-195,000
Closed -$16.9M
ZION icon
47
Zions Bancorporation
ZION
$10.4B
– –
-285,000
Closed -$16.1M
XYZ
48
Block Inc
XYZ
$47.5B
– –
-370,000
Closed -$26.7M
1
2

Similar funds

CGPCS
Capital Group Private Client Services Los Angeles, California $5.93B AUM 27.73% 1-Year Est. Return
WAM
Weiss Asset Management Boston, Massachusetts $5.91B AUM 42.42% 1-Year Est. Return
BP
BC Partners New York $5.96B AUM 15.21% 1-Year Est. Return
CM
CastleKnight Management New York $6B AUM 121.87% 1-Year Est. Return
SC
Samlyn Capital New York $5.86B AUM 36.3% 1-Year Est. Return
LIP
Liontrust Investment Partners London, United Kingdom $5.86B AUM 23.75% 1-Year Est. Return
AAM
Advisors Asset Management Monument, Colorado $6.01B AUM 24.74% 1-Year Est. Return
CIC
Crawford Investment Counsel Atlanta, Georgia $5.85B AUM 12.61% 1-Year Est. Return

David Tepper's Q4 2025 Portfolio in Review

As of Q4 2025, David Tepper held 48 positions worth $6.93B, down 6.2% from $7.38B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

David Tepper withdrew a net $454M in Q4 2025, closing 9 positions and reducing 24 holdings. Its most notable exit was Fiserv Inc, an estimated $119M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, David Tepper opened a new position in iShares MSCI South Korea ETF worth $182M.

  • David Tepper's largest Q4 2025 buy was iShares MSCI South Korea ETF: 1,875,000 shares worth $182M.
  • David Tepper added most to Micron Technology in Q4 2025, an estimated $229M increase.
  • David Tepper's biggest Q4 2025 reduction was Alibaba, cutting an estimated $214M.
  • David Tepper fully exited Fiserv Inc in Q4 2025, selling an estimated $119M.
  • David Tepper's ten largest holdings make up 59% of its $6.93B portfolio in Q4 2025.
  • David Tepper opened 3 new positions and closed 9 in Q4 2025.
  • David Tepper's portfolio value fell 6.2% quarter-over-quarter to $6.93B.

Based on Appaloosa LP's 13F filing for Q4 2025, filed 17 Feb 2026.