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 | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$306B
| $801M | 12.43% |
7,067,271
-2,162,729
| -23% | -$256M |
|
|
2
UnitedHealth
UNH
$365B
| $764M | 11.85% |
2,450,000
+2,275,000
| +1,300% | +$869M |
|
3
Amazon
AMZN
$2.94T
| $592M | 9.19% |
2,700,000
+190,000
| +8% | +$37.6M |
|
4
Vistra
VST
$48.6B
| $349M | 5.41% |
1,800,000
-500,000
| -22% | -$74M |
|
5
NRG Energy
NRG
$25.2B
| $318M | 4.93% |
1,980,000
-70,000
| -3% | -$9.23M |
|
|
6
Meta Platforms (Facebook)
META
$1.53T
| $295M | 4.58% |
400,000
-150,000
| -27% | -$92.7M |
|
|
7
NVIDIA
NVDA
$5.27T
| $276M | 4.29% |
1,750,000
+1,450,000
| +483% | +$182M |
|
8
Alphabet (Google) Class C
GOOG
$4.19T
| $266M | 4.13% |
1,500,000
-510,000
| -25% | -$84.3M |
|
9
Uber
UBER
$160B
| $257M | 3.98% |
2,750,000
-450,000
| -14% | -$37M |
|
10
Microsoft
MSFT
$3.74T
| $249M | 3.86% |
500,000
-10,000
| -2% | -$4.34M |
|
|
11
TSMC
TSM
$2.19T
| $232M | 3.6% |
1,025,000
+755,000
| +280% | +$140M |
|
12
JD.com
JD
$43.1B
| $228M | 3.54% |
7,000,000
-1,050,000
| -13% | -$35.8M |
|
|
13
Pinduoduo
PDD
$129B
| $209M | 3.25% |
2,000,000
-2,370,000
| -54% | -$249M |
|
|
14
Intel
INTC
$493B
| $179M | 2.78% |
+8,000,000
| New | +$166M |
|
15
KraneShares CSI China Internet ETF
KWEB
$5.56B
| $137M | 2.13% |
4,000,000
| – | – |
|
16
Lyft
LYFT
$6.64B
| $126M | 1.96% |
8,000,000
-1,000,000
| -11% | -$14M |
|
17
Deutsche Bank
DB
$71.8B
| $117M | 1.82% |
4,000,000
+250,000
| +7% | +$6.6M |
|
18
Micron Technology
MU
$981B
| $102M | 1.58% |
825,000
+425,000
| +106% | +$39.7M |
|
19
Corning
GLW
$137B
| $92M | 1.43% |
1,750,000
+6,371
| +0.4% | +$298K |
|
20
Energy Transfer Partners
ET
$71.6B
| $89.9M | 1.39% |
4,957,235
| – | – |
|
21
L3Harris
LHX
$53.3B
| $87.8M | 1.36% |
350,000
+50,000
| +17% | +$11.5M |
|
|
22
RTX Corp
RTX
$302B
| $85.4M | 1.32% |
+585,000
| New | +$77.9M |
|
23
Caesars Entertainment
CZR
$6.06B
| $59.6M | 0.92% |
2,100,000
-100,000
| -5% | -$2.72M |
|
24
ASML
ASML
$691B
| $56.1M | 0.87% |
70,000
| – | – |
|
25
Qualcomm
QCOM
$171B
| $55.7M | 0.86% |
350,000
| – | – |
|
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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 withdrew a net $2.33B in Q2 2025, closing 8 positions and reducing 16 holdings. Its most notable exit was Wynn Resorts, an estimated $26.7M position sold in full.
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.
Against the trend, David Tepper opened a new position in Intel worth $179M.
- 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.