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 | Miscellaneous | 37.88% |
| 2 | Consumer Discretionary | 31.62% |
| 3 | Technology | 11.73% |
| 4 | Communication Services | 8.38% |
| 5 | Utilities | 5.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
$2.81B
| $2.52B | 30.03% |
+4,500,000
| New | +$217M |
2025 Q1
0 quarters
|
|
|
2
Alibaba
BABA
$248B
| $1.22B | 14.56% |
9,230,000
-2,613,158
| -22% | -$301M |
2022 Q2
11 quarters
|
|
|
3
Pinduoduo
PDD
$113B
| $517M | 6.17% |
4,370,000
-986,132
| -18% | -$113M |
2023 Q2
7 quarters
|
|
4
Amazon
AMZN
$2.68T
| $478M | 5.7% |
2,510,000
-90,000
| -3% | -$19.5M |
2019 Q1
24 quarters
|
|
5
JD.com
JD
$34.2B
| $331M | 3.95% |
8,050,000
-2,415,885
| -23% | -$97M |
2024 Q1
4 quarters
|
|
|
6
Meta Platforms (Facebook)
META
$1.64T
| $317M | 3.78% |
550,000
+60,000
| +12% | +$38.7M |
2016 Q3
34 quarters
|
|
7
Alphabet (Google) Class C
GOOG
$3.88T
| $314M | 3.75% |
2,010,000
+128,037
| +7% | +$23.4M |
2016 Q1
36 quarters
|
|
8
PUT
Apple
AAPL
$5.07T
| $278M | 3.31% |
+1,250,000
| New | +$290M |
2025 Q1
0 quarters
|
|
9
Vistra
VST
$47B
| $270M | 3.22% |
2,300,000
-400,000
| -15% | -$59.8M |
2024 Q3
2 quarters
|
|
|
10
Uber
UBER
$136B
| $233M | 2.78% |
3,200,000
+1,700,000
| +113% | +$122M |
2021 Q2
15 quarters
|
|
11
iShares China Large-Cap ETF
FXI
$3.72B
| $201M | 2.39% |
5,600,000
-1,037,128
| -16% | -$35.1M |
2024 Q1
4 quarters
|
|
12
NRG Energy
NRG
$19.4B
| $196M | 2.33% |
2,050,000
+235,000
| +13% | +$23.8M |
2024 Q3
2 quarters
|
|
|
13
Microsoft
MSFT
$3.89T
| $191M | 2.28% |
510,000
-460,000
| -47% | -$188M |
2020 Q1
20 quarters
|
|
14
KraneShares CSI China Internet ETF
KWEB
$4.29B
| $140M | 1.67% |
4,000,000
-575,695
| -13% | -$19.1M |
2024 Q1
4 quarters
|
|
15
Lyft
LYFT
$6.41B
| $107M | 1.27% |
9,000,000
-4,500,000
| -33% | -$58.6M |
2024 Q1
4 quarters
|
|
|
16
Oracle
ORCL
$382B
| $97.9M | 1.17% |
700,000
-700,000
| -50% | -$114M |
2023 Q4
5 quarters
|
|
17
Energy Transfer Partners
ET
$70.4B
| $92.2M | 1.1% |
4,957,235
+42,500
| +0.9% | +$828K |
2017 Q2
31 quarters
|
|
18
UnitedHealth
UNH
$375B
| $91.7M | 1.09% |
175,000
+500
| +0.3% | +$256K |
2017 Q1
32 quarters
|
|
|
19
Deutsche Bank
DB
$58.6B
| $89.4M | 1.07% |
+3,750,000
| New | +$78.7M |
2025 Q1
0 quarters
|
|
20
Corning
GLW
$107B
| $79.8M | 0.95% |
1,743,629
+243,629
| +16% | +$12M |
2024 Q4
1 quarter
|
|
21
Baidu
BIDU
$26.3B
| $71.3M | 0.85% |
775,000
-752,909
| -49% | -$67.6M |
2023 Q2
7 quarters
|
|
|
22
L3Harris
LHX
$47.3B
| $62.8M | 0.75% |
+300,000
| New | +$62.9M |
2025 Q1
0 quarters
|
|
23
Caesars Entertainment
CZR
$5.87B
| $55M | 0.66% |
2,200,000
| – | – |
2022 Q4
9 quarters
|
|
24
Qualcomm
QCOM
$188B
| $53.8M | 0.64% |
350,000
-450,000
| -56% | -$73.4M |
2023 Q2
7 quarters
|
|
25
ASML
ASML
$606B
| $46.4M | 0.55% |
70,000
-90,000
| -56% | -$65.5M |
2023 Q2
7 quarters
|
|
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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 $1.42B 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 Miscellaneous at 38% of assets, up from 5.7% a quarter earlier, followed by Consumer Discretionary and Technology.
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.