David Tepper's Appaloosa Concentrates on Tech Giants in 2025 Portfolio
Appaloosa Management's portfolio as of December 31, 2025, shows significant concentration in Technology and Consumer Cyclical sectors, with notable changes in holdings.
As of December 31, 2025, David Tepper's investment firm, Appaloosa Management, managed a substantial portfolio valued at approximately $6.85 billion. The analysis of the firm's holdings reveals a concentrated portfolio, with a significant portion allocated to specific sectors and individual stocks.
Examining the top holdings, it's evident that Technology and Consumer Cyclical sectors dominate Appaloosa's allocation. Technology stocks combined represent about 26.48% of the portfolio (sum of TSM, NVDA, and MSFT allocations: 5.01% + 4.63% + 3.53%), while Consumer Cyclical stocks account for approximately 20.11% (BABA, AMZN, and WHIRLPOOL: 10.99% + 7.34% + 4.12%).
Within Technology, Appaloosa holds significant stakes in Taiwan Semiconductor Manufacturing (TSM), NVIDIA (NVDA), and Microsoft (MSFT). The largest Technology holding is TSM, representing 5.01% of the portfolio. Notably, Appaloosa increased its TSM position significantly, adding 700,000 shares, a 6.6% increase from the prior period. Microsoft saw an increase of 37,500 shares (8.11%) and NVIDIA experienced a slight decrease of 200,000 shares (-10.53%).
In the Consumer Cyclical sector, Appaloosa's largest holding is Alibaba (BABA) at 10.99% allocation. The firm also holds Amazon (AMZN) and Whirlpool (WHR). However, both BABA and AMZN saw substantial decreases in holdings during the period. BABA's shares decreased by 1.31 million (-20.34%), while AMZN's position reduced by 320,609 shares (-12.82%). Whirlpool also decreased significantly by 1.59 million shares (-28.91%).
Communication Services sector holdings, represented by Alphabet (GOOG) and Meta (META), combined make up about 13.36% of the portfolio (8.18% + 5.78%). GOOG saw an increase of 399,431 shares (28.79%), while META's position grew substantially by 230,000 shares (62.16%).
Energy and Utilities sectors are also represented, with NRG Energy (NRG) holding 3.81% and accounting for a decrease of 230,000 shares (-12.3%).
For more detailed information on David Tepper's investment profile, please visit Appaloosa Management. For insights into the individual stocks held, including Alphabet Inc. (GOOG), Microsoft Corp. (MSFT), and Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), you can explore our stock profiles.