David Tepper

Appaloosa Management · managing since 1993 · ranked #9 of 12 by concentration

Portfolio value

$7.5B

Long US equity in the 13F

Positions

12 closed this quarter

Top five weight

57.7%

Largest is AMZN at 16%

Average holding period

2.6 yrs

Turns the book more than most

Quarterly turnover

72%

High for a concentrated book

Where the money sits

Top 10 positions · everything else grouped as Other

AMZNAmazon Com Inc15.9%MUMicron Technology Inc15.1%TSMTaiwan Semiconductor Manufacturing Co Ltd10.6%GOOGAlphabet Inc.8.8%UBERUber Technologies, Inc7.4%EWYIshares Inc6.5%METAMeta Platforms, Inc.5.1%VSTVistra Corp.4.7%NVDANvidia Corp4.1%NRGNrg Energy, Inc.3.4%

Other15 smaller positions18.4%

What changed this quarter

Filed Aug 14, 2026 · positions as of Jun 30, 2026 · 45-day lag

Tepper opened 6 positions, added to 11, trimmed 5 and sold out of 12. The largest move was trimming MU.

New positions6

BABoeing Co2.3% of book AALAmerican Airlines Group Inc.1.8% of book CRWVCoreWeave, Inc.1.4% of book AVGOBroadcom Inc.0.8% of book+2 more

Added to11

AMZNAmazon Com Inc+16% shares TSMTaiwan Semiconductor Manufacturing Co Ltd+24% shares GOOGAlphabet Inc.+7% shares UBERUber Technologies, Inc+22% shares+7 more

Trimmed5

MUMicron Technology Inc−41% shares BABAAlibaba Group Holding Ltd−42% shares AMDAdvanced Micro Devices Inc−11% shares QCOMQualcomm Inc−50% shares+1 more

Sold out12

BALLBALL CorpSold out GLWCorning IncSold out DBDeutsche Bank AktiengesellschaftSold out JDJD.com, Inc.Sold out+8 more

Holdings

25 positions · $7.5B · top five is 57.7% of the book

CompanyWeightValueChangeHeld5-year history

Micron Technology Inc

15.1%

$1.1B−41%3.3 yrs

TSM

Taiwan Semiconductor Manufacturing Co Ltd

Uber Technologies, Inc