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 |
Uber
UBER
|
+$122M |
| 2 |
Deutsche Bank
DB
|
+$78.7M |
| 3 |
L3Harris
LHX
|
+$62.9M |
| 4 |
Meta Platforms (Facebook)
META
|
+$38.7M |
| 5 |
Broadcom
AVGO
|
+$27.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$301M |
| 2 |
Microsoft
MSFT
|
+$188M |
| 3 |
Advanced Micro Devices
AMD
|
+$145M |
| 4 |
Oracle
ORCL
|
+$114M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
$2.86B
| $2.52B | 30.03% |
+4,500,000
| New | +$217M |
|
|
2
Alibaba
BABA
$306B
| $1.22B | 14.56% |
9,230,000
-2,613,158
| -22% | -$301M |
|
|
3
Pinduoduo
PDD
$129B
| $517M | 6.17% |
4,370,000
-986,132
| -18% | -$113M |
|
4
Amazon
AMZN
$2.94T
| $478M | 5.7% |
2,510,000
-90,000
| -3% | -$19.5M |
|
5
JD.com
JD
$43.1B
| $331M | 3.95% |
8,050,000
-2,415,885
| -23% | -$97M |
|
|
6
Meta Platforms (Facebook)
META
$1.53T
| $317M | 3.78% |
550,000
+60,000
| +12% | +$38.7M |
|
7
Alphabet (Google) Class C
GOOG
$4.19T
| $314M | 3.75% |
2,010,000
+128,037
| +7% | +$23.4M |
|
8
PUT
Apple
AAPL
$4.45T
| $278M | 3.31% |
+1,250,000
| New | +$290M |
|
9
Vistra
VST
$48.6B
| $270M | 3.22% |
2,300,000
-400,000
| -15% | -$59.8M |
|
|
10
Uber
UBER
$160B
| $233M | 2.78% |
3,200,000
+1,700,000
| +113% | +$122M |
|
11
iShares China Large-Cap ETF
FXI
$4.25B
| $201M | 2.39% |
5,600,000
-1,037,128
| -16% | -$35.1M |
|
12
NRG Energy
NRG
$25.2B
| $196M | 2.33% |
2,050,000
+235,000
| +13% | +$23.8M |
|
|
13
Microsoft
MSFT
$3.74T
| $191M | 2.28% |
510,000
-460,000
| -47% | -$188M |
|
14
KraneShares CSI China Internet ETF
KWEB
$5.56B
| $140M | 1.67% |
4,000,000
-575,695
| -13% | -$19.1M |
|
15
Lyft
LYFT
$6.64B
| $107M | 1.27% |
9,000,000
-4,500,000
| -33% | -$58.6M |
|
|
16
Oracle
ORCL
$419B
| $97.9M | 1.17% |
700,000
-700,000
| -50% | -$114M |
|
17
Energy Transfer Partners
ET
$71.6B
| $92.2M | 1.1% |
4,957,235
+42,500
| +0.9% | +$828K |
|
18
UnitedHealth
UNH
$365B
| $91.7M | 1.09% |
175,000
+500
| +0.3% | +$256K |
|
|
19
Deutsche Bank
DB
$71.8B
| $89.4M | 1.07% |
+3,750,000
| New | +$78.7M |
|
20
Corning
GLW
$137B
| $79.8M | 0.95% |
1,743,629
+243,629
| +16% | +$12M |
|
21
Baidu
BIDU
$35.9B
| $71.3M | 0.85% |
775,000
-752,909
| -49% | -$67.6M |
|
|
22
L3Harris
LHX
$53.3B
| $62.8M | 0.75% |
+300,000
| New | +$62.9M |
|
23
Caesars Entertainment
CZR
$6.06B
| $55M | 0.66% |
2,200,000
| – | – |
|
24
Qualcomm
QCOM
$171B
| $53.8M | 0.64% |
350,000
-450,000
| -56% | -$73.4M |
|
25
ASML
ASML
$691B
| $46.4M | 0.55% |
70,000
-90,000
| -56% | -$65.5M |
|
Similar funds
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.