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Investor profile
David Tepper
Appaloosa Management · Founder · Net worth: ~$21B
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.
"Distressed + macro. Go big when the setup is right."
Tracked positions
7
Top concentration
49%
Longest holding
Alphabet (since 2016)
Realized 10-year track record
Appaloosa Management (private; press estimates)
10y CAGR
16.2%
net of fees
Alpha vs S&P
+3.1%
vs 13.1% benchmark
Win rate
70%
years beating S&P
Quality score
7.6
computed 0–10
Best year
+35%
Worst year
-7%
Cumulative 10y
4.5×
Volatility
13%
Recent moves
Manager quality score: 9/10
Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.
Q4 2025
3 buys · 1 sell
| Ticker | Activity | % portfolio |
|---|---|---|
| BABA | Add 30% Adding to China contrarian bet. | 5.40% |
| NVDA | Add 25% Doubling down on AI infrastructure. | 10.20% |
| UBER | Buy (new) New Uber position — AV optionality thesis. | 4.10% |
| META | Reduce 8% Small META profit-take. | 9.10% |
Q3 2025
3 buys · 0 sells
| Ticker | Activity | % portfolio |
|---|---|---|
| NVDA | Add 35% Big NVDA add. | 8.40% |
| META | Add 22% Building META conviction. | 9.80% |
| BABA | Buy (new) New Alibaba position — China contrarian. | 4.20% |
Q4 2024
3 buys · 0 sells
| Ticker | Activity | % portfolio |
|---|---|---|
| NVDA | Add 30% Loaded up on NVDA. | 8.60% |
| META | Add 25% Building META conviction. | 9.00% |
| BABA | Buy (new) First BABA position. | 3.40% |
Q3 2024
2 buys · 0 sells
| Ticker | Activity | % portfolio |
|---|---|---|
| NVDA | Add 25% NVDA buildup. | 7.00% |
| META | Add 18% Building META. | 7.50% |
Top holdings
| Ticker | Company | % Portfolio |
|---|---|---|
| NVDA | NVIDIA Top position — AI infrastructure. | 10.2% |
| META | Meta Platforms Quality compounder at reasonable multiple. | 9.1% |
| GOOGL | Alphabet Class A Search + AI optionality. | 7.8% |
| AMZN | Amazon Cloud + retail dual engine. | 6.4% |
| MSFT | Microsoft Core AI infrastructure holding. | 5.9% |
| BABA | Alibaba China tech contrarian bet. | 5.4% |
| UBER | Uber Autonomous vehicle optionality. | 4.1% |
Want David move-alerts?
One email per 13F filing. Summarizes every new position, exit, and trim.
Similar investors
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Data sourced from Appaloosa Management 13F filings with the SEC. Approximate snapshot. Not investment advice.