David Tepper
Macro-driven, opportunistic, concentrated. Buys mispriced assets at peak fear, bets big when right, and exits fast when wrong.
Carnegie Mellon grad who founded Appaloosa Management in 1993. Famous for buying distressed debt and beaten-down assets in crises — his 2009 bank-stock bet is legendary. Owner of the NFL's Carolina Panthers and one of Wall Street's most outspoken China bulls.
Appaloosa files a 13F (≈45-day lag). Famous for buying panic-stricken assets; in Sept 2024 he loudly said to "buy everything" China-related — one of Wall Street's best-known China bulls.
Holdings & weights
Q1 2026 · 13F (as of 31 Mar 2026)Weights are by market value, from real 13F / daily disclosure. This is a snapshot and will change — see live: Live 13F weights & activity on dataroma
A bet on the memory cycle and AI memory demand.
Analyze through a master's lensA core link in the AI compute supply chain.
Analyze through a master's lensThe flagship of his China-bull stance.
Analyze through a master's lensA power play on AI data-center electricity demand.
Analyze through a master's lensNVIDIA Corp. −13%, NRG Energy Inc. +6%, Meta Platforms Inc. −27%, new SanDisk Corp., Corning Inc. −28%, Whirlpool Corp. −50%, Pinduoduo Inc. −49%, Lam Research −10%.
In their own words
I'm the animal at the head of the herd — either I get eaten, or I get the best grass.
There's a time to make money and a time to not lose money.
Where to follow them
Primary sources. Read the original — don't settle for second-hand summaries.
Run any stock you care about through the "Macro · Asymmetric" lens.
Keep exploring
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