← All Managers

David Tepper

Appaloosa Management

Distressed debt investor

πŸ“ Miami Beach, FLEst. 1993πŸ’° ~$20B AUM

$7.73B

Portfolio Value

27

Holdings

Q2 '26

Period

2026-08-14

Filed

About David Tepper

David Alan Tepper (born 1957) is an American investor, hedge fund manager, and owner of the Carolina Panthers (NFL) and Charlotte FC (MLS). He is the founder of Appaloosa Management, known for making bold contrarian bets during periods of market distress.

Investment Philosophy

Contrarian, event-driven investing with a focus on distressed debt and equities. Known for making large, concentrated bets during times of extreme pessimism. Combines fundamental analysis with macro awareness. Famous for buying bank stocks and distressed debt during the 2009 financial crisis.

Notable Facts

  • β€’Made $7B for his fund in 2009 by buying distressed bank stocks
  • β€’One of the highest-earning hedge fund managers in history
  • β€’Former Goldman Sachs trader
  • β€’Owner of Carolina Panthers NFL team
πŸ“ˆ

Simulated 13F Return

⚠️ Approximation

Total Return

+21.4%

Q4 '23 β†’ Q3 '25

Annualized

+11.72%/yr

S&P: +7.63%/yr

Alpha (vs S&P)

+7.68%

7 quarters tracked

1-Year Return

+20.7%

Ξ± +6.99%

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

πŸ“ˆ Recent Activity

Changes from previous quarter

AMZNINCREASED
15.4% of portfolio
+16% shares+0.3pp
MUINCREASED
14.6% of portfolio
-41% shares+5.1pp
TSMINCREASED
10.2% of portfolio
+24% shares+2.6pp
GOOGINCREASED
8.5% of portfolio
+7% shares+0.1pp
UBERINCREASED
7.2% of portfolio
+21% shares-0.5pp
EWYINCREASED
6.3% of portfolio
+1% shares+1.4pp
METAINCREASED
4.9% of portfolio
+55% shares+0.7pp
VSTINCREASED
4.5% of portfolio
+10% shares-0.6pp
NVDAINCREASED
3.9% of portfolio
+4% shares-0.4pp
NRGINCREASED
3.3% of portfolio
+1% shares-0.9pp
AAPLNEW
3.1% of portfolio
New position
BABAREDUCED
2.5% of portfolio
-42% shares-4.8pp
BA-PANEW
2.2% of portfolio
New position
BIDUREDUCED
1.9% of portfolio
+87% shares+0.6pp
AALNEW
1.8% of portfolio
New position
AMDREDUCED
1.5% of portfolio
-11% shares+0.7pp
CRWVNEW
1.4% of portfolio
New position
ASMLINCREASED
1.3% of portfolio
+1% shares+0.2pp
AVGONEW
0.7% of portfolio
New position
QCOMREDUCED
0.6% of portfolio
-50% shares-0.5pp
SPCXNEW
0.5% of portfolio
New position
WHRINCREASED
0.4% of portfolio
-63% shares-1.4pp
BRK.BNEW
0.2% of portfolio
New position
GTNEW
0.1% of portfolio
New position
SNDKSOLD
was 3.0%
Sold out position
Filing price: $635.34
GLWSOLD
was 2.6%
Sold out position
Filing price: $135.97
PDDSOLD
was 1.5%
Sold out position
Filing price: $102.18
LHXSOLD
was 1.2%
Sold out position
Filing price: $345.15
RTXSOLD
was 1.1%
Sold out position
Filing price: $192.90
BALLSOLD
was 0.8%
Sold out position
Filing price: $59.11
JDSOLD
was 0.7%
Sold out position
Filing price: $29.57
LYFTSOLD
was 0.6%
Sold out position
Filing price: $13.30
MSFTSOLD
was 0.6%
Sold out position
Filing price: $370.17
KWEBSOLD
was 0.5%
Sold out position
Filing price: $28.43
UNHSOLD
was 0.4%
Sold out position
Filing price: $270.59
DBSOLD
was 0.1%
Sold out position
Filing price: $29.78

Sold Out (12)

SOLDBALLBALL CORPwas 0.83%@$59.11
SOLDJDJD.COM INCwas 0.65%@$29.57
SOLDKWEBKRANESHARES TRUSTwas 0.52%@$28.43
SOLDLHXL3HARRIS TECHNOLOGIES INCwas 1.15%@$345.15
SOLDLYFTLYFT INCwas 0.61%@$13.30
SOLDMSFTMICROSOFT CORPwas 0.56%@$370.17
SOLDPDDPDD HOLDINGS INCwas 1.55%@$102.18
SOLDRTXRTX CORPORATIONwas 1.11%@$192.90
SOLDSNDKSANDISK CORPwas 3.01%@$635.34
SOLDUNHUNITEDHEALTH GROUP INCwas 0.41%@$270.59
SOLDDBDEUTSCHE BK AGwas 0.13%@$29.78
SOLDGLWCORNING INCwas 2.59%@$135.97

πŸ“Š Sector Breakdown

Portfolio allocation by sector

Technology 76.6%Unknown 23.3%Financials 0.2%

πŸ’Ό Holdings

πŸ”

27 of 27 positions Β· $7.73B

This quarter: 8 new positions, increased 12, reduced 4, sold 12. Net buyer.

AMZNINCREASED
15.4%
15.4% of portfolio (was 15.2%, added)
Filed ~$238
β€”πŸ“„
MUINCREASED
14.6%
14.6% of portfolio (was 9.5%, added)
Filed ~$1154
β€”πŸ“„
TSMINCREASED
10.2%
10.2% of portfolio (was 7.6%, added)
Filed ~$478
β€”πŸ“„
GOOGINCREASED
8.5%
8.5% of portfolio (was 8.4%, added)
Filed ~$353
β€”πŸ“„
UBERINCREASED
7.2%
7.2% of portfolio (was 7.7%, added)
Filed ~$72
β€”πŸ“„
EWYINCREASED
6.3%
6.3% of portfolio (was 5.0%, added)
Filed ~$202
β€”πŸ“„
METAINCREASED
4.9%
4.9% of portfolio (was 4.2%, added)
Filed ~$563
β€”πŸ“„
VSTINCREASED
4.5%
4.5% of portfolio (was 5.1%, added)
Filed ~$159
β€”πŸ“„
NVDAINCREASED
3.9%
3.9% of portfolio (was 4.3%, added)
Filed ~$200
β€”πŸ“„
NRGINCREASED
3.3%
3.3% of portfolio (was 4.3%, added)
Filed ~$146
β€”πŸ“„
AAPLPUTNEW
3.1%
3.1% of portfolio (new position)
Filed ~$289
β€”πŸ“„
BABAREDUCED
2.5%
2.5% of portfolio (was 7.3%, trimmed)
Filed ~$96
β€”πŸ“„
BA-PANEW
2.2%
2.2% of portfolio (new position)
Filed ~$216
β€”πŸ“„
LRCX
2.1%
2.1% of portfolio
Filed ~$433
β€”πŸ“„
BIDUREDUCED
1.9%
1.9% of portfolio (was 1.3%, trimmed)
Filed ~$114
β€”πŸ“„
AALNEW
1.8%
1.8% of portfolio (new position)
Filed ~$18
β€”πŸ“„
AMDREDUCED
1.5%
1.5% of portfolio (was 0.8%, trimmed)
Filed ~$581
β€”πŸ“„
CRWVNEW
1.4%
1.4% of portfolio (new position)
Filed ~$100
β€”πŸ“„
ASMLINCREASED
1.3%
1.3% of portfolio (was 1.1%, added)
Filed ~$1989
β€”πŸ“„
AVGONEW
0.7%
0.7% of portfolio (new position)
Filed ~$378
β€”πŸ“„
QCOMREDUCED
0.6%
0.6% of portfolio (was 1.1%, trimmed)
Filed ~$185
β€”πŸ“„
SPCXNEW
0.5%
0.5% of portfolio (new position)
Filed ~$171
β€”πŸ“„
ET
0.4%
0.4% of portfolio
Filed ~$19
β€”πŸ“„
MPLXP
0.4%
0.4% of portfolio
Filed ~$56
β€”πŸ“„
WHRINCREASED
0.4%
0.4% of portfolio (was 1.8%, added)
Filed ~$39
β€”πŸ“„
1–25 of 27

🚫 Sold Out (12 positions)

SOLDBALLBALL CORPwas 0.83%@$59.11837000 shares Β· $49.5M
SOLDJDJD.COM INCwas 0.65%@$29.571305000 shares Β· $38.6M
SOLDKWEBKRANESHARES TRUSTwas 0.52%@$28.431080000 shares Β· $30.7M
SOLDLHXL3HARRIS TECHNOLOGIES INCwas 1.15%@$345.15198000 shares Β· $68.3M
SOLDLYFTLYFT INCwas 0.61%@$13.302700000 shares Β· $35.9M
SOLDMSFTMICROSOFT CORPwas 0.56%@$370.1790000 shares Β· $33.3M
SOLDPDDPDD HOLDINGS INCwas 1.55%@$102.18900000 shares Β· $92.0M
SOLDRTXRTX CORPORATIONwas 1.11%@$192.90342000 shares Β· $66.0M
SOLDSNDKSANDISK CORPwas 3.01%@$635.34281250 shares Β· $178.7M
SOLDUNHUNITEDHEALTH GROUP INCwas 0.41%@$270.5990000 shares Β· $24.4M
SOLDDBDEUTSCHE BK AGwas 0.13%@$29.78257616 shares Β· $7.7M
SOLDGLWCORNING INCwas 2.59%@$135.971129500 shares Β· $153.6M