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 |
Micron Technology
MU
|
+$229M |
| 2 |
iShares MSCI South Korea ETF
EWY
|
+$171M |
| 3 |
Meta Platforms (Facebook)
META
|
+$154M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$114M |
| 5 |
Owens Corning
OC
|
+$92.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$214M |
| 2 |
Advanced Micro Devices
AMD
|
+$140M |
| 3 |
FISV
Fiserv Inc
FISV
|
+$119M |
| 4 |
Whirlpool
WHR
|
+$117M |
| 5 |
KraneShares CSI China Internet ETF
KWEB
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.29% |
| 2 | Consumer Discretionary | 29.14% |
| 3 | Communication Services | 14.9% |
| 4 | Industrials | 8.47% |
| 5 | Utilities | 5.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$306B
| $753M | 10.88% |
5,137,931
-1,312,069
| -20% | -$214M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.19T
| $561M | 8.1% |
1,786,931
+399,431
| +29% | +$114M |
|
3
Amazon
AMZN
$2.94T
| $503M | 7.26% |
2,179,391
-320,609
| -13% | -$73.4M |
|
|
4
Micron Technology
MU
$981B
| $428M | 6.18% |
1,500,000
+1,000,000
| +200% | +$229M |
|
|
5
Meta Platforms (Facebook)
META
$1.53T
| $396M | 5.72% |
600,000
+230,000
| +62% | +$154M |
|
6
TSMC
TSM
$2.19T
| $343M | 4.96% |
1,130,000
+70,000
| +7% | +$20.5M |
|
7
NVIDIA
NVDA
$5.27T
| $317M | 4.58% |
1,700,000
-200,000
| -11% | -$37.2M |
|
|
8
Whirlpool
WHR
$2.84B
| $282M | 4.07% |
3,910,000
-1,590,000
| -29% | -$117M |
|
9
NRG Energy
NRG
$25.2B
| $261M | 3.77% |
1,640,000
-230,000
| -12% | -$38.1M |
|
10
Microsoft
MSFT
$3.74T
| $242M | 3.49% |
500,000
+37,500
| +8% | +$18.8M |
|
11
American Airlines Group
AAL
$10.1B
| $217M | 3.13% |
14,150,000
+4,900,000
| +53% | +$66.1M |
|
12
Pinduoduo
PDD
$129B
| $201M | 2.91% |
1,775,000
-25,000
| -1% | -$3.1M |
|
13
Qualcomm
QCOM
$171B
| $196M | 2.83% |
1,145,000
-100,000
| -8% | -$17.1M |
|
|
14
iShares MSCI South Korea ETF
EWY
$25.9B
| $182M | 2.63% |
+1,875,000
| New | +$171M |
|
|
15
KraneShares CSI China Internet ETF
KWEB
$5.56B
| $162M | 2.34% |
4,750,000
-2,650,000
| -36% | -$102M |
|
16
Vistra
VST
$48.6B
| $152M | 2.2% |
945,000
-300,000
| -24% | -$54.6M |
|
17
Uber
UBER
$160B
| $151M | 2.18% |
1,850,000
-556,983
| -23% | -$50.2M |
|
18
Corning
GLW
$137B
| $137M | 1.99% |
1,570,200
-54,800
| -3% | -$4.72M |
|
19
Deutsche Bank
DB
$71.8B
| $121M | 1.75% |
3,150,000
-640,000
| -17% | -$23.1M |
|
20
JD.com
JD
$43.1B
| $119M | 1.72% |
4,157,046
-2,067,954
| -33% | -$64.7M |
|
|
21
Owens Corning
OC
$12.6B
| $106M | 1.54% |
950,000
+788,500
| +488% | +$92.5M |
|
22
RTX Corp
RTX
$302B
| $91.7M | 1.32% |
500,000
-9,500
| -2% | -$1.65M |
|
23
L3Harris
LHX
$53.3B
| $86.6M | 1.25% |
295,000
-5,000
| -2% | -$1.45M |
|
24
Baidu
BIDU
$35.9B
| $75.1M | 1.08% |
575,000
-470,000
| -45% | -$58.3M |
|
25
Mohawk Industries
MHK
$9.26B
| $73.8M | 1.07% |
675,000
+513,500
| +318% | +$59M |
|
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David Tepper's Q4 2025 Portfolio in Review
As of Q4 2025, David Tepper held 48 positions worth $6.93B, down 6.2% from $7.38B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
David Tepper withdrew a net $454M in Q4 2025, closing 9 positions and reducing 24 holdings. Its most notable exit was Fiserv Inc, an estimated $119M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, David Tepper opened a new position in iShares MSCI South Korea ETF worth $182M.
- David Tepper's largest Q4 2025 buy was iShares MSCI South Korea ETF: 1,875,000 shares worth $182M.
- David Tepper added most to Micron Technology in Q4 2025, an estimated $229M increase.
- David Tepper's biggest Q4 2025 reduction was Alibaba, cutting an estimated $214M.
- David Tepper fully exited Fiserv Inc in Q4 2025, selling an estimated $119M.
- David Tepper's ten largest holdings make up 59% of its $6.93B portfolio in Q4 2025.
- David Tepper opened 3 new positions and closed 9 in Q4 2025.
- David Tepper's portfolio value fell 6.2% quarter-over-quarter to $6.93B.
Based on Appaloosa LP's 13F filing for Q4 2025, filed 17 Feb 2026.