David Tepper Q1 2026 Portfolio Analysis: Major Increases in Amazon, Uber, Micron

Appaloosa Management, the investment firm led by David Tepper, has released its portfolio holdings as of March 31, 2026. This comprehensive filing provides insights into the significant changes made by the investor during the first quarter of 2026.

The portfolio, valued at approximately $5.93 billion as of March 31, 2026, shows substantial buying activity in several major tech and consumer companies. David Tepper's firm significantly increased its positions in Amazon (AMZN), Micron Technology (MU), Uber (UBER), Taiwan Semiconductor (TSM), Vistra (VST), iShares Inc. (EWY), and NRG Energy (NRG).

The most dramatic increase during this quarter was in Uber Technologies (UBER). Appaloosa Management added over 2.4 million shares, representing a staggering 242% increase in holdings and boosting its portfolio allocation to 7.68%. This significant stake increase suggests strong confidence in the ride-hailing and delivery giant. Similarly, Micron Technology (MU) saw an increase of 11% in shares and allocation to 9.48%, while Taiwan Semiconductor (TSM) added 17.48% in shares and allocation to 7.56%.

Consumer cyclical stocks also received notable attention. Amazon (AMZN) allocation increased to 15.16%, supported by a nearly 98% increase in shares. Vistra (VST) allocation rose to 5.12% following an 114% increase in shares.

In contrast, the investor reduced positions in some holdings. Alphabet (GOOG) saw a decrease of 3.03% in shares, resulting in an 8.38% allocation. Tesla (TSLA) experienced a substantial reduction, with a 32.56% decrease in shares and allocation dropping to 7.33%. NVIDIA (NVDA) also saw a decrease of 13.44% in shares, lowering its allocation to 4.33%. NRG Energy (NRG) experienced a smaller decrease of 5.76% in shares.

Notably, no new positions were disclosed in this filing. Investors should refer to the complete filing for a comprehensive view of all holdings.

For more detailed information on David Tepper's investment strategy and performance, visit Appaloosa Management's profile. To explore the specific companies in which Appaloosa invests, such as Amazon, Micron Technology, and Uber Technologies, please visit their respective stock profiles.