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 |
Amazon
AMZN
|
+$471M |
| 2 |
Uber
UBER
|
+$345M |
| 3 |
Vistra
VST
|
+$174M |
| 4 |
Sandisk
SNDK
|
+$159M |
| 5 |
TSMC
TSM
|
+$68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$251M |
| 2 |
American Airlines Group
AAL
|
+$217M |
| 3 |
Microsoft
MSFT
|
+$172M |
| 4 |
Whirlpool
WHR
|
+$144M |
| 5 |
KraneShares CSI China Internet ETF
KWEB
|
+$120M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.13% |
| 2 | Consumer Discretionary | 27.3% |
| 3 | Communication Services | 13.89% |
| 4 | Utilities | 9.4% |
| 5 | Miscellaneous | 5.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.68T
| $900M | 15.16% |
4,320,000
+2,140,609
| +98% | +$471M |
2019 Q1
28 quarters
|
|
2
Micron Technology
MU
$993B
| $563M | 9.48% |
1,665,000
+165,000
| +11% | +$64.6M |
2023 Q2
11 quarters
|
|
3
Alphabet (Google) Class C
GOOG
$3.88T
| $497M | 8.38% |
1,732,700
-54,231
| -3% | -$17M |
2016 Q1
40 quarters
|
|
|
4
Uber
UBER
$136B
| $456M | 7.68% |
6,332,720
+4,482,720
| +242% | +$345M |
2021 Q2
19 quarters
|
|
|
5
TSMC
TSM
$2.17T
| $449M | 7.56% |
1,327,500
+197,500
| +17% | +$68M |
2023 Q2
11 quarters
|
|
|
6
Alibaba
BABA
$248B
| $435M | 7.33% |
3,465,000
-1,672,931
| -33% | -$251M |
2022 Q2
15 quarters
|
|
|
7
Vistra
VST
$47B
| $304M | 5.12% |
2,022,332
+1,077,332
| +114% | +$174M |
2024 Q3
6 quarters
|
|
8
iShares MSCI South Korea ETF
EWY
$21.8B
| $295M | 4.98% |
2,400,000
+525,000
| +28% | +$65.7M |
2025 Q4
1 quarter
|
|
9
NVIDIA
NVDA
$5.09T
| $257M | 4.33% |
1,471,500
-228,500
| -13% | -$41.9M |
2023 Q1
12 quarters
|
|
10
NRG Energy
NRG
$19.4B
| $253M | 4.27% |
1,734,442
+94,442
| +6% | +$14.9M |
2024 Q3
6 quarters
|
|
11
Meta Platforms (Facebook)
META
$1.64T
| $250M | 4.21% |
436,500
-163,500
| -27% | -$105M |
2016 Q3
38 quarters
|
|
|
12
Sandisk
SNDK
$179B
| $179M | 3.01% |
+281,250
| New | +$159M |
2026 Q1
0 quarters
|
|
13
Corning
GLW
$107B
| $154M | 2.59% |
1,129,500
-440,700
| -28% | -$53.1M |
2024 Q4
5 quarters
|
|
|
14
Whirlpool
WHR
$1.83B
| $105M | 1.77% |
1,950,000
-1,960,000
| -50% | -$144M |
2025 Q2
3 quarters
|
|
15
Pinduoduo
PDD
$113B
| $92M | 1.55% |
900,000
-875,000
| -49% | -$92M |
2023 Q2
11 quarters
|
|
16
Lam Research
LRCX
$288B
| $81.7M | 1.38% |
382,500
-42,500
| -10% | -$9.5M |
2023 Q2
11 quarters
|
|
17
Baidu
BIDU
$26.3B
| $77.1M | 1.3% |
692,100
+117,100
| +20% | +$15.9M |
2023 Q2
11 quarters
|
|
18
L3Harris
LHX
$47.3B
| $68.3M | 1.15% |
198,000
-97,000
| -33% | -$33.9M |
2025 Q1
4 quarters
|
|
19
RTX Corp
RTX
$258B
| $66M | 1.11% |
342,000
-158,000
| -32% | -$31.4M |
2025 Q2
3 quarters
|
|
20
ASML
ASML
$606B
| $65.4M | 1.1% |
49,500
-13,000
| -21% | -$17.8M |
2023 Q2
11 quarters
|
|
21
Qualcomm
QCOM
$188B
| $64.2M | 1.08% |
498,613
-646,387
| -56% | -$94.3M |
2023 Q2
11 quarters
|
|
22
Ball Corp
BALL
$17.1B
| $49.5M | 0.83% |
837,000
-363,000
| -30% | -$22.1M |
2025 Q4
1 quarter
|
|
23
Advanced Micro Devices
AMD
$844B
| $45M | 0.76% |
221,400
-103,600
| -32% | -$22.1M |
2025 Q3
2 quarters
|
|
24
JD.com
JD
$34.2B
| $38.6M | 0.65% |
1,305,000
-2,852,046
| -69% | -$80.6M |
2024 Q1
8 quarters
|
|
25
Lyft
LYFT
$6.41B
| $35.9M | 0.61% |
2,700,000
-1,100,000
| -29% | -$17M |
2024 Q1
8 quarters
|
|
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David Tepper's Q1 2026 Portfolio in Review
As of Q1 2026, David Tepper held 40 positions worth $5.93B, down 14% from $6.93B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
David Tepper withdrew a net $708M in Q1 2026, closing 9 positions and reducing 22 holdings. Its most notable exit was American Airlines Group, an estimated $217M position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 30% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, David Tepper opened a new position in Sandisk worth $179M.
- David Tepper's largest Q1 2026 buy was Sandisk: 281,250 shares worth $179M.
- David Tepper added most to Amazon in Q1 2026, an estimated $471M increase.
- David Tepper's biggest Q1 2026 reduction was Alibaba, cutting an estimated $251M.
- David Tepper fully exited American Airlines Group in Q1 2026, selling an estimated $217M.
- David Tepper's ten largest holdings make up 74% of its $5.93B portfolio in Q1 2026.
- David Tepper opened 1 new position and closed 9 in Q1 2026.
- David Tepper's portfolio value fell 14% quarter-over-quarter to $5.93B.
Based on Appaloosa LP's 13F filing for Q1 2026, filed 15 May 2026.