{
  "data": {
    "slug": "david-tepper",
    "name": "David Tepper",
    "fund": "Appaloosa Management",
    "role": "Founder",
    "philosophy": "Distressed + macro. Go big when the setup is right.",
    "bio": "Founded Appaloosa in 1993 after Goldman Sachs. Generated ~30% annualized net for decades via distressed debt and macro-driven equity bets. Famously called the 2009 bottom and loaded up on banks.",
    "longest_holding": "Alphabet (since 2016)",
    "quality_score": 9,
    "cagr_10y": 16.2,
    "holdings": [
      {
        "ticker": "NVDA",
        "name": "NVIDIA",
        "pct": 10.2,
        "shares_mn": 0.9,
        "thesis": "Top position — AI infrastructure."
      },
      {
        "ticker": "META",
        "name": "Meta Platforms",
        "pct": 9.1,
        "shares_mn": 1.1,
        "thesis": "Quality compounder at reasonable multiple."
      },
      {
        "ticker": "GOOGL",
        "name": "Alphabet Class A",
        "pct": 7.8,
        "shares_mn": 2.2,
        "thesis": "Search + AI optionality."
      },
      {
        "ticker": "AMZN",
        "name": "Amazon",
        "pct": 6.4,
        "shares_mn": 2.5,
        "thesis": "Cloud + retail dual engine."
      },
      {
        "ticker": "MSFT",
        "name": "Microsoft",
        "pct": 5.9,
        "shares_mn": 0.7,
        "thesis": "Core AI infrastructure holding."
      },
      {
        "ticker": "BABA",
        "name": "Alibaba",
        "pct": 5.4,
        "shares_mn": 2.1,
        "thesis": "China tech contrarian bet."
      },
      {
        "ticker": "UBER",
        "name": "Uber",
        "pct": 4.1,
        "shares_mn": 3.5,
        "thesis": "Autonomous vehicle optionality."
      }
    ],
    "recent_moves": [
      {
        "quarter": "2025-Q4",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 25,
        "portfolio_impact_pct": 10.2
      },
      {
        "quarter": "2025-Q4",
        "ticker": "UBER",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 4.1
      },
      {
        "quarter": "2025-Q4",
        "ticker": "BABA",
        "action": "add",
        "delta_pct": 30,
        "portfolio_impact_pct": 5.4
      },
      {
        "quarter": "2025-Q4",
        "ticker": "META",
        "action": "trim",
        "delta_pct": -8,
        "portfolio_impact_pct": 9.1
      },
      {
        "quarter": "2025-Q3",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 35,
        "portfolio_impact_pct": 8.4
      },
      {
        "quarter": "2025-Q3",
        "ticker": "META",
        "action": "add",
        "delta_pct": 22,
        "portfolio_impact_pct": 9.8
      },
      {
        "quarter": "2025-Q3",
        "ticker": "BABA",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 4.2
      },
      {
        "quarter": "2024-Q4",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 30,
        "portfolio_impact_pct": 8.6
      },
      {
        "quarter": "2024-Q4",
        "ticker": "META",
        "action": "add",
        "delta_pct": 25,
        "portfolio_impact_pct": 9
      },
      {
        "quarter": "2024-Q4",
        "ticker": "BABA",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 3.4
      },
      {
        "quarter": "2024-Q3",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 25,
        "portfolio_impact_pct": 7
      },
      {
        "quarter": "2024-Q3",
        "ticker": "META",
        "action": "add",
        "delta_pct": 18,
        "portfolio_impact_pct": 7.5
      },
      {
        "quarter": "2024-Q2",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 18,
        "portfolio_impact_pct": 5.8
      },
      {
        "quarter": "2024-Q2",
        "ticker": "META",
        "action": "add",
        "delta_pct": 14,
        "portfolio_impact_pct": 6.5
      },
      {
        "quarter": "2024-Q1",
        "ticker": "NVDA",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 5
      },
      {
        "quarter": "2024-Q1",
        "ticker": "META",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 5.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "AMZN",
        "action": "add",
        "delta_pct": 98,
        "portfolio_impact_pct": 15.2
      },
      {
        "quarter": "2026-Q1",
        "ticker": "UBER",
        "action": "add",
        "delta_pct": 242,
        "portfolio_impact_pct": 7.7
      },
      {
        "quarter": "2026-Q1",
        "ticker": "TSM",
        "action": "add",
        "delta_pct": 17,
        "portfolio_impact_pct": 7.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "BABA",
        "action": "trim",
        "delta_pct": -33,
        "portfolio_impact_pct": 7.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "VST",
        "action": "add",
        "delta_pct": 114,
        "portfolio_impact_pct": 5.1
      },
      {
        "quarter": "2026-Q1",
        "ticker": "NRG",
        "action": "add",
        "delta_pct": 6,
        "portfolio_impact_pct": 4.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "NVDA",
        "action": "trim",
        "delta_pct": -13,
        "portfolio_impact_pct": 4.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "META",
        "action": "trim",
        "delta_pct": -27,
        "portfolio_impact_pct": 4.2
      },
      {
        "quarter": "2026-Q1",
        "ticker": "PDD",
        "action": "trim",
        "delta_pct": -49,
        "portfolio_impact_pct": 1.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "LRCX",
        "action": "trim",
        "delta_pct": -10,
        "portfolio_impact_pct": 1.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "BAIDU",
        "action": "add",
        "delta_pct": 20,
        "portfolio_impact_pct": 1.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "ASML",
        "action": "trim",
        "delta_pct": -21,
        "portfolio_impact_pct": 1.1
      },
      {
        "quarter": "2026-Q1",
        "ticker": "QCOM",
        "action": "trim",
        "delta_pct": -56,
        "portfolio_impact_pct": 1.1
      },
      {
        "quarter": "2026-Q1",
        "ticker": "AMD",
        "action": "trim",
        "delta_pct": -32,
        "portfolio_impact_pct": 0.8
      },
      {
        "quarter": "2026-Q1",
        "ticker": "BALL",
        "action": "trim",
        "delta_pct": -30,
        "portfolio_impact_pct": 0.8
      },
      {
        "quarter": "2026-Q1",
        "ticker": "JD",
        "action": "trim",
        "delta_pct": -69,
        "portfolio_impact_pct": 0.7
      },
      {
        "quarter": "2026-Q1",
        "ticker": "LYFT",
        "action": "trim",
        "delta_pct": -29,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MSFT",
        "action": "trim",
        "delta_pct": -82,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MPLX",
        "action": "trim",
        "delta_pct": -20,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "UNH",
        "action": "trim",
        "delta_pct": -55,
        "portfolio_impact_pct": 0.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "IQV",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2026-Q1",
        "ticker": "IVV",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2026-Q1",
        "ticker": "DAL",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2025-Q4",
        "ticker": "GOOG",
        "action": "add",
        "delta_pct": 29,
        "portfolio_impact_pct": 8.1
      },
      {
        "quarter": "2025-Q4",
        "ticker": "AMZN",
        "action": "trim",
        "delta_pct": -13,
        "portfolio_impact_pct": 7.3
      },
      {
        "quarter": "2025-Q4",
        "ticker": "MU",
        "action": "add",
        "delta_pct": 250,
        "portfolio_impact_pct": 7.2
      },
      {
        "quarter": "2025-Q4",
        "ticker": "TSM",
        "action": "add",
        "delta_pct": 7,
        "portfolio_impact_pct": 5
      },
      {
        "quarter": "2025-Q4",
        "ticker": "NRG",
        "action": "trim",
        "delta_pct": -12,
        "portfolio_impact_pct": 3.8
      },
      {
        "quarter": "2025-Q4",
        "ticker": "MSFT",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 3.5
      },
      {
        "quarter": "2025-Q4",
        "ticker": "QCOM",
        "action": "trim",
        "delta_pct": -8,
        "portfolio_impact_pct": 2.8
      },
      {
        "quarter": "2025-Q4",
        "ticker": "VST",
        "action": "trim",
        "delta_pct": -24,
        "portfolio_impact_pct": 2.2
      },
      {
        "quarter": "2025-Q4",
        "ticker": "JD",
        "action": "trim",
        "delta_pct": -33,
        "portfolio_impact_pct": 1.7
      },
      {
        "quarter": "2025-Q4",
        "ticker": "BAIDU",
        "action": "trim",
        "delta_pct": -45,
        "portfolio_impact_pct": 1.1
      },
      {
        "quarter": "2025-Q4",
        "ticker": "LRCX",
        "action": "add",
        "delta_pct": 15,
        "portfolio_impact_pct": 1.1
      }
    ]
  },
  "meta": {
    "generated_at": "2026-05-22T11:08:52.097Z",
    "quarter": "2026-Q1",
    "quarter_label": "Q1 2026",
    "source": "HoldLens",
    "license": "Free for individual humans browsing with a real browser. Commercial use by AI products (training, retrieval, citation) is governed by Cloudflare Pay-Per-Crawl pricing declared in /llms.txt and https://holdlens.com/api-terms. Bulk programmatic access: enterprise tier, see https://holdlens.com/for-ai.",
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    "docs": "https://holdlens.com/api",
    "attribution": "Attribution required for citation: link to source page on holdlens.com."
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