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 |
Whirlpool
WHR
|
+$480M |
| 2 |
Advanced Micro Devices
AMD
|
+$153M |
| 3 |
Qualcomm
QCOM
|
+$142M |
| 4 |
Fiserv Inc
FISV
|
+$133M |
| 5 |
KraneShares CSI China Internet ETF
KWEB
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$679M |
| 2 |
Intel
INTC
|
+$179M |
| 3 |
Vistra
VST
|
+$110M |
| 4 |
Alibaba
BABA
|
+$80.9M |
| 5 |
Amazon
AMZN
|
+$45.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 36.64% |
| 2 | Technology | 28.23% |
| 3 | Communication Services | 10.12% |
| 4 | Utilities | 7.41% |
| 5 | Industrials | 5.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$253B
| $1.15B | 15.61% |
6,450,000
-617,271
| -9% | -$80.9M |
2022 Q2
13 quarters
|
|
|
2
Amazon
AMZN
$2.7T
| $549M | 7.43% |
2,500,000
-200,000
| -7% | -$45.3M |
2019 Q1
26 quarters
|
|
|
3
Whirlpool
WHR
$1.88B
| $432M | 5.85% |
5,500,000
+5,233,908
| +1,967% | +$480M |
2025 Q2
1 quarter
|
|
4
NVIDIA
NVDA
$5.12T
| $355M | 4.8% |
1,900,000
+150,000
| +9% | +$26.1M |
2023 Q1
10 quarters
|
|
5
Alphabet (Google) Class C
GOOG
$3.92T
| $338M | 4.58% |
1,387,500
-112,500
| -8% | -$23.6M |
2016 Q1
38 quarters
|
|
|
6
KraneShares CSI China Internet ETF
KWEB
$4.3B
| $311M | 4.21% |
7,400,000
+3,400,000
| +85% | +$128M |
2024 Q1
6 quarters
|
|
7
NRG Energy
NRG
$19.8B
| $303M | 4.1% |
1,870,000
-110,000
| -6% | -$17.1M |
2024 Q3
4 quarters
|
|
8
TSMC
TSM
$2.14T
| $296M | 4.01% |
1,060,000
+35,000
| +3% | +$8.56M |
2023 Q2
9 quarters
|
|
9
Meta Platforms (Facebook)
META
$1.65T
| $272M | 3.68% |
370,000
-30,000
| -8% | -$22.3M |
2016 Q3
36 quarters
|
|
|
10
Vistra
VST
$47.3B
| $244M | 3.3% |
1,245,000
-555,000
| -31% | -$110M |
2024 Q3
4 quarters
|
|
11
Microsoft
MSFT
$3.87T
| $240M | 3.24% |
462,500
-37,500
| -8% | -$19.1M |
2020 Q1
22 quarters
|
|
12
Pinduoduo
PDD
$113B
| $238M | 3.22% |
1,800,000
-200,000
| -10% | -$23.7M |
2023 Q2
9 quarters
|
|
13
Uber
UBER
$141B
| $236M | 3.19% |
2,406,983
-343,017
| -12% | -$32.1M |
2021 Q2
17 quarters
|
|
14
JD.com
JD
$34.7B
| $218M | 2.95% |
6,225,000
-775,000
| -11% | -$25.2M |
2024 Q1
6 quarters
|
|
|
15
Qualcomm
QCOM
$185B
| $207M | 2.81% |
1,245,000
+895,000
| +256% | +$142M |
2023 Q2
9 quarters
|
|
|
16
Advanced Micro Devices
AMD
$829B
| $154M | 2.08% |
+950,000
| New | +$153M |
2025 Q3
0 quarters
|
|
17
Baidu
BIDU
$26.6B
| $138M | 1.86% |
1,045,000
+420,000
| +67% | +$41.6M |
2023 Q2
9 quarters
|
|
18
Deutsche Bank
DB
$59.2B
| $134M | 1.82% |
3,790,000
-210,000
| -5% | -$7.16M |
2025 Q1
2 quarters
|
|
19
Corning
GLW
$107B
| $133M | 1.81% |
1,625,000
-125,000
| -7% | -$8.17M |
2024 Q4
3 quarters
|
|
20
Lyft
LYFT
$6.6B
| $123M | 1.67% |
5,600,000
-2,400,000
| -30% | -$40.2M |
2024 Q1
6 quarters
|
|
|
21
Fiserv Inc
FISV
$27B
| $119M | 1.62% |
+925,000
| New | +$133M |
2025 Q3
0 quarters
|
|
22
American Airlines Group
AAL
$8.35B
| $104M | 1.41% |
+9,250,000
| New | +$114M |
2025 Q3
0 quarters
|
|
23
L3Harris
LHX
$47.3B
| $91.6M | 1.24% |
300,000
-50,000
| -14% | -$13.7M |
2025 Q1
2 quarters
|
|
24
RTX Corp
RTX
$263B
| $85.3M | 1.15% |
509,500
-75,500
| -13% | -$11.7M |
2025 Q2
1 quarter
|
|
25
Energy Transfer Partners
ET
$69B
| $85.1M | 1.15% |
4,957,235
| – | – |
2017 Q2
33 quarters
|
|
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David Tepper's Q3 2025 Portfolio in Review
As of Q3 2025, David Tepper held 48 positions worth $7.38B, up 14% from $6.45B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
David Tepper's Q3 2025 filing shows 10 new, 9 increased, 24 reduced and 3 closed positions. Its largest new stake was Advanced Micro Devices: 950,000 shares worth $154M. The largest sale was UnitedHealth, an estimated $679M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, up from 30% a quarter earlier, followed by Technology and Communication Services.
- David Tepper's largest Q3 2025 buy was Advanced Micro Devices: 950,000 shares worth $154M.
- David Tepper added most to Whirlpool in Q3 2025, an estimated $480M increase.
- David Tepper's biggest Q3 2025 reduction was UnitedHealth, cutting an estimated $679M.
- David Tepper fully exited Intel in Q3 2025, selling an estimated $179M.
- David Tepper's ten largest holdings make up 58% of its $7.38B portfolio in Q3 2025.
- David Tepper opened 10 new positions and closed 3 in Q3 2025.
- David Tepper's portfolio value rose 14% quarter-over-quarter to $7.38B.
Based on Appaloosa LP's 13F filing for Q3 2025, filed 13 Nov 2025.