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 |
UnitedHealth
UNH
|
+$869M |
| 2 |
NVIDIA
NVDA
|
+$182M |
| 3 |
Intel
INTC
|
+$166M |
| 4 |
TSMC
TSM
|
+$140M |
| 5 |
RTX Corp
RTX
|
+$77.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$256M |
| 2 |
Pinduoduo
PDD
|
+$249M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$161M |
| 4 |
Meta Platforms (Facebook)
META
|
+$92.7M |
| 5 |
Oracle
ORCL
|
+$88.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.99% |
| 2 | Technology | 26.98% |
| 3 | Healthcare | 12.59% |
| 4 | Utilities | 10.34% |
| 5 | Communication Services | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$270B
| $801M | 12.43% |
7,067,271
-2,162,729
| -23% | -$256M |
2022 Q2
12 quarters
|
|
|
2
UnitedHealth
UNH
$376B
| $764M | 11.85% |
2,450,000
+2,275,000
| +1,300% | +$869M |
2017 Q1
33 quarters
|
|
3
Amazon
AMZN
$2.83T
| $592M | 9.19% |
2,700,000
+190,000
| +8% | +$37.6M |
2019 Q1
25 quarters
|
|
4
Vistra
VST
$50.5B
| $349M | 5.41% |
1,800,000
-500,000
| -22% | -$74M |
2024 Q3
3 quarters
|
|
5
NRG Energy
NRG
$20.6B
| $318M | 4.93% |
1,980,000
-70,000
| -3% | -$9.23M |
2024 Q3
3 quarters
|
|
|
6
Meta Platforms (Facebook)
META
$1.77T
| $295M | 4.58% |
400,000
-150,000
| -27% | -$92.7M |
2016 Q3
35 quarters
|
|
|
7
NVIDIA
NVDA
$5.23T
| $276M | 4.29% |
1,750,000
+1,450,000
| +483% | +$182M |
2023 Q1
9 quarters
|
|
8
Alphabet (Google) Class C
GOOG
$4.11T
| $266M | 4.13% |
1,500,000
-510,000
| -25% | -$84.3M |
2016 Q1
37 quarters
|
|
9
Uber
UBER
$141B
| $257M | 3.98% |
2,750,000
-450,000
| -14% | -$37M |
2021 Q2
16 quarters
|
|
10
Microsoft
MSFT
$3.95T
| $249M | 3.86% |
500,000
-10,000
| -2% | -$4.34M |
2020 Q1
21 quarters
|
|
|
11
TSMC
TSM
$2.2T
| $232M | 3.6% |
1,025,000
+755,000
| +280% | +$140M |
2023 Q2
8 quarters
|
|
12
JD.com
JD
$36.1B
| $228M | 3.54% |
7,000,000
-1,050,000
| -13% | -$35.8M |
2024 Q1
5 quarters
|
|
|
13
Pinduoduo
PDD
$116B
| $209M | 3.25% |
2,000,000
-2,370,000
| -54% | -$249M |
2023 Q2
8 quarters
|
|
|
14
Intel
INTC
$485B
| $179M | 2.78% |
+8,000,000
| New | +$166M |
2025 Q2
0 quarters
|
|
15
KraneShares CSI China Internet ETF
KWEB
$4.51B
| $137M | 2.13% |
4,000,000
| – | – |
2024 Q1
5 quarters
|
|
16
Lyft
LYFT
$6.53B
| $126M | 1.96% |
8,000,000
-1,000,000
| -11% | -$14M |
2024 Q1
5 quarters
|
|
17
Deutsche Bank
DB
$59.6B
| $117M | 1.82% |
4,000,000
+250,000
| +7% | +$6.6M |
2025 Q1
1 quarter
|
|
18
Micron Technology
MU
$1.01T
| $102M | 1.58% |
825,000
+425,000
| +106% | +$39.7M |
2023 Q2
8 quarters
|
|
19
Corning
GLW
$114B
| $92M | 1.43% |
1,750,000
+6,371
| +0.4% | +$298K |
2024 Q4
2 quarters
|
|
20
Energy Transfer Partners
ET
$67.3B
| $89.9M | 1.39% |
4,957,235
| – | – |
2017 Q2
32 quarters
|
|
21
L3Harris
LHX
$46.3B
| $87.8M | 1.36% |
350,000
+50,000
| +17% | +$11.5M |
2025 Q1
1 quarter
|
|
|
22
RTX Corp
RTX
$261B
| $85.4M | 1.32% |
+585,000
| New | +$77.9M |
2025 Q2
0 quarters
|
|
23
Caesars Entertainment
CZR
$5.93B
| $59.6M | 0.92% |
2,100,000
-100,000
| -5% | -$2.72M |
2022 Q4
10 quarters
|
|
24
ASML
ASML
$629B
| $56.1M | 0.87% |
70,000
| – | – |
2023 Q2
8 quarters
|
|
25
Qualcomm
QCOM
$188B
| $55.7M | 0.86% |
350,000
| – | – |
2023 Q2
8 quarters
|
|
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David Tepper's Q2 2025 Portfolio in Review
As of Q2 2025, David Tepper held 46 positions worth $6.45B, down 23% from $8.38B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
David Tepper deployed $486M of net new capital in Q2 2025, opening 8 new positions and adding to 9 existing holdings. Its largest new stake was Intel: 8,000,000 shares worth $179M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, down from 32% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alibaba, an estimated $256M trimmed.
- David Tepper's largest Q2 2025 buy was Intel: 8,000,000 shares worth $179M.
- David Tepper added most to UnitedHealth in Q2 2025, an estimated $869M increase.
- David Tepper's biggest Q2 2025 reduction was Alibaba, cutting an estimated $256M.
- David Tepper fully exited Wynn Resorts in Q2 2025, selling an estimated $26.7M.
- David Tepper's ten largest holdings make up 65% of its $6.45B portfolio in Q2 2025.
- David Tepper opened 8 new positions and closed 8 in Q2 2025.
- David Tepper's portfolio value fell 23% quarter-over-quarter to $6.45B.
Based on Appaloosa LP's 13F filing for Q2 2025, filed 14 Aug 2025.