David Tepper's Appaloosa Management Portfolio Reflects Strong Consumer Cyclical and Technology Holdings

David Tepper's Appaloosa Management Portfolio Reflects Strong Consumer Cyclical and Technology Holdings

As of 2025-09-30, David Tepper's portfolio managed by Appaloosa Management is valued at $7,383,589,018. The portfolio demonstrates a strategic focus on high-growth sectors.

Top Holdings by Total Value

The portfolio's top holdings are primarily concentrated in the consumer cyclical sector, with significant investments in:

• KRANESHARES TRUST (KWEB): This technology ETF holds 7,400,000 shares valued at $310,874,000.
• ALIBABA GROUP HLDG LTD (BABA): A leading consumer cyclical ETF with a total value of $1,152,808,500.
• WHIRLPOOL CORP (WHR): Another consumer cyclical ETF valued at $432,300,000.
• NVIDIA CORPORATION (NVDA): A technology ETF with a total value of $354,502,000.

Sector Allocations

The portfolio's allocations across sectors highlight a strong emphasis on:

• Consumer Cyclical (COC): 67.8% of the portfolio is invested in consumer cyclical companies, driven by significant holdings in BABA and WHIRLPOOL CORP (WHR).
• Technology (TECH): 12.0% allocated to NVIDIA CORPORATION (NVDA), reflecting a focus on innovation.
• Communication Services (COMS): 10.2% invested in ALPHABET INC (GOOG), indicating interest in digital services.
• Utilities (UTIL): 4.6% allocated to NRG ENERGY INC (NRG), showing diversification into essential services.

Notable Changes in Holdings

Changes from the prior period reveal:

• BABA: A decrease of 8.73% in value, reflecting a slight shift away from consumer cyclical investments.
• AMZN: A decline of 7.41%, indicating reduced exposure to this sector.
• WHR: A significant increase of 1966.95% in value, showcasing strong performance in this ETF.
• NVDA: A modest increase of 8.57%, highlighting growth in the tech sector.
• GOOG and KWEB: Slight decreases of 7.5% and 85%, respectively, indicating moderate adjustments to these investments.

Investment Strategy

David Tepper's strategy appears to focus on high-growth areas with a balanced approach across sectors. The portfolio's concentration in consumer cyclical and technology sectors aligns with an aggressive growth orientation. Significant allocations to BABA, WHIRLPOOL CORP (WHR), and NVIDIA CORPORATION (NVDA) underscore a preference for dynamic and expanding industries.

Notable increases in KWEB and WHIRLPOOL CORP (WHR) suggest confidence in these ETFs' potential for growth. Conversely, slight decreases in AMZN and GOOG may reflect a审慎 assessment of market conditions in those sectors.

Overall, the portfolio demonstrates a strategic approach to asset allocation, balancing growth-oriented investments with diversification across key sectors.

Conclusion: David Tepper's portfolio reflects a calculated investment strategy emphasizing high-growth sectors. The significant allocations to consumer cyclical and technology ETFs highlight a focus on dynamic industries, while adjustments in other holdings indicate a balanced approach to managing overall portfolio risk.