David Tepper Portfolio Q2 2026: These Are the Stocks He's Investing in Now
By Redaktion aktie.com
This article was created with the help of artificial intelligence.
Key Takeaways
- Appaloosa Management LP managed a portfolio of approximately 7.5 billion US dollars as of June 30, 2026, distributed across 25 to 27 positions.
- Amazon is the largest single position with 1.19 billion US dollars (15.4 percent), followed by Micron Technology with 1.13 billion US dollars (14.6 percent).
- David Tepper established a position in Boeing worth 173.2 million US dollars for the first time in the second quarter of 2026 and entered new positions in American Airlines and CoreWeave.
- The stake in SanDisk worth over 400 million US dollars was completely divested in the second quarter of 2026.
- Appaloosa Management increased its Alphabet position by roughly seven percent; stakes in Baidu and Meta Platforms were also substantially increased.
Appaloosa Management LP, the hedge fund led by billionaire David Tepper, managed a portfolio of approximately 7.5 billion US dollars as of June 30, 2026, distributed across 25 to 27 positions. The 13F filings published between August 14 and 17, 2026 show a clear focus on technology stocks, particularly in the semiconductor and cloud sectors.
Amazon remains largest single position
With a value of 1.19 billion US dollars (as of June 30, 2026), Amazon is the largest position in Tepper's portfolio and accounts for 15.4 percent of reported total value. In second place is semiconductor manufacturer Micron Technology with 1.13 billion US dollars (14.6 percent). Taiwan Semiconductor Manufacturing Company ranks third with 788 million US dollars (10.2 percent). The top 5 is rounded out by Alphabet with 654 million US dollars (8.5 percent) and Uber with 555 million US dollars (7.2 percent).
Boeing built up as new major position
Among the most notable changes in the second quarter of 2026 is the establishment of a Boeing position worth 173.2 million US dollars. This marked Tepper's first bet on the struggling aircraft manufacturer. American Airlines Group and CoreWeave Inc., a cloud infrastructure provider for artificial intelligence, were also newly added to the portfolio.
In existing positions, Appaloosa Management increased holdings in Alphabet by roughly seven percent. Stakes in Baidu and Meta Platforms were also substantially increased, though specific percentages were not disclosed in the filings.
Exit from AI-memory player SanDisk
On the sales side, the complete exit from SanDisk is notable. The position had a value of more than 400 million US dollars before the sale. With this move, Tepper divested from an engagement in AI storage solutions, despite the sector recently achieving high valuations. Holdings in Corning Inc., L3Harris Technologies, and Raytheon Technologies were also completely sold off.
Strategy between tech giants and airlines
The portfolio composition shows a concentration in three areas: semiconductors and cloud computing (Micron, Taiwan Semiconductor, CoreWeave), internet platforms (Amazon, Alphabet, Meta, Baidu, Uber), and aerospace (Boeing, American Airlines). A 13F filing—a quarterly mandatory disclosure for US institutional investors managing assets exceeding 100 million US dollars—provides insight into long positions in publicly traded US stocks, but not short positions, derivatives, or foreign securities.
On February 25, 2026, Tepper had already made waves with a sharp letter to Whirlpool Corporation. In it, he criticized the company's management for destroying shareholder value and demanded changes. Whether Appaloosa continues to hold a stake in Whirlpool is not disclosed in the Q2 filings.
The portfolio data comes from 13F filings for the quarter ending June 30, 2026. The reported values are based on closing prices as of the reporting date and do not necessarily reflect current market movements. Between the reporting date and publication, regulatory requirements typically involve a lag of approximately 45 days, during which portfolio changes may have already occurred.