David Tepper - Appaloosa Management Investment Strategy & Portfolio Analysis

As of Mar 31, 2026, David Tepper's Appaloosa Management portfolio reflects a growth-oriented investor approach across 31 reported 13F positions. Portfolio returns are primarily driven by a small set of mega-cap compounders, with the top five holdings accounting for approximately 48% of total exposure and Amazon.com, alone contributing ~15%. While the portfolio includes 31 positions, economic outcomes are highly concentrated in a narrow set of large-cap technology and growth-oriented names. Exposure to high-growth and technology-oriented segments is elevated relative to peers, with performance anchored in growth-oriented names across technology, consumer discretionary, and communication services. The portfolio maintains moderate turnover, consistent with periodic rebalancing rather than a fully static book. Distinctive traits include Moderate Turnover, Structurally Diversified.