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 |
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 | Miscellaneous | 6.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$248B
| $753M | 10.88% |
5,137,931
-1,312,069
| -20% | -$214M |
2022 Q2
14 quarters
|
|
|
2
Alphabet (Google) Class C
GOOG
$3.88T
| $561M | 8.1% |
1,786,931
+399,431
| +29% | +$114M |
2016 Q1
39 quarters
|
|
3
Amazon
AMZN
$2.68T
| $503M | 7.26% |
2,179,391
-320,609
| -13% | -$73.4M |
2019 Q1
27 quarters
|
|
|
4
Micron Technology
MU
$993B
| $428M | 6.18% |
1,500,000
+1,000,000
| +200% | +$229M |
2023 Q2
10 quarters
|
|
|
5
Meta Platforms (Facebook)
META
$1.64T
| $396M | 5.72% |
600,000
+230,000
| +62% | +$154M |
2016 Q3
37 quarters
|
|
6
TSMC
TSM
$2.17T
| $343M | 4.96% |
1,130,000
+70,000
| +7% | +$20.5M |
2023 Q2
10 quarters
|
|
7
NVIDIA
NVDA
$5.09T
| $317M | 4.58% |
1,700,000
-200,000
| -11% | -$37.2M |
2023 Q1
11 quarters
|
|
|
8
Whirlpool
WHR
$1.83B
| $282M | 4.07% |
3,910,000
-1,590,000
| -29% | -$117M |
2025 Q2
2 quarters
|
|
9
NRG Energy
NRG
$19.4B
| $261M | 3.77% |
1,640,000
-230,000
| -12% | -$38.1M |
2024 Q3
5 quarters
|
|
10
Microsoft
MSFT
$3.89T
| $242M | 3.49% |
500,000
+37,500
| +8% | +$18.8M |
2020 Q1
23 quarters
|
|
11
American Airlines Group
AAL
$8.02B
| $217M | 3.13% |
14,150,000
+4,900,000
| +53% | +$66.1M |
2025 Q3
1 quarter
|
|
12
Pinduoduo
PDD
$113B
| $201M | 2.91% |
1,775,000
-25,000
| -1% | -$3.1M |
2023 Q2
10 quarters
|
|
13
Qualcomm
QCOM
$188B
| $196M | 2.83% |
1,145,000
-100,000
| -8% | -$17.1M |
2023 Q2
10 quarters
|
|
|
14
iShares MSCI South Korea ETF
EWY
$21.8B
| $182M | 2.63% |
+1,875,000
| New | +$171M |
2025 Q4
0 quarters
|
|
|
15
KraneShares CSI China Internet ETF
KWEB
$4.29B
| $162M | 2.34% |
4,750,000
-2,650,000
| -36% | -$102M |
2024 Q1
7 quarters
|
|
16
Vistra
VST
$47B
| $152M | 2.2% |
945,000
-300,000
| -24% | -$54.6M |
2024 Q3
5 quarters
|
|
17
Uber
UBER
$136B
| $151M | 2.18% |
1,850,000
-556,983
| -23% | -$50.2M |
2021 Q2
18 quarters
|
|
18
Corning
GLW
$107B
| $137M | 1.99% |
1,570,200
-54,800
| -3% | -$4.72M |
2024 Q4
4 quarters
|
|
19
Deutsche Bank
DB
$58.6B
| $121M | 1.75% |
3,150,000
-640,000
| -17% | -$23.1M |
2025 Q1
3 quarters
|
|
20
JD.com
JD
$34.2B
| $119M | 1.72% |
4,157,046
-2,067,954
| -33% | -$64.7M |
2024 Q1
7 quarters
|
|
|
21
Owens Corning
OC
$9.03B
| $106M | 1.54% |
950,000
+788,500
| +488% | +$92.5M |
2025 Q3
1 quarter
|
|
22
RTX Corp
RTX
$258B
| $91.7M | 1.32% |
500,000
-9,500
| -2% | -$1.65M |
2025 Q2
2 quarters
|
|
23
L3Harris
LHX
$47.3B
| $86.6M | 1.25% |
295,000
-5,000
| -2% | -$1.45M |
2025 Q1
3 quarters
|
|
24
Baidu
BIDU
$26.3B
| $75.1M | 1.08% |
575,000
-470,000
| -45% | -$58.3M |
2023 Q2
10 quarters
|
|
25
Mohawk Industries
MHK
$8.45B
| $73.8M | 1.07% |
675,000
+513,500
| +318% | +$59M |
2025 Q2
2 quarters
|
|
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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 $511M 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.