David Tepper

Biography

After an MBA from Carnegie Mellon (1982), whose business school now bears his name, David Tepper was a credit analyst and then head high-yield trader at Goldman Sachs from 1985 to 1992. He founded Appaloosa Management in early 1993. Appaloosa is known for distressed debt and concentrated positions across equities and credit. Among its most notable trades was buying beaten-down bank shares such as Bank of America in early 2009. He bought the Carolina Panthers in 2018.

Appaloosa’s largest US holdings

From the Q2 2026 13F, worth $7.7bn in total. See every holding and change

1. Amazon.comAMZN15.4%
2. Micron TechnologyMU14.6%
3. Taiwan Semiconductor ManufacturingTSM10.2%
4. AlphabetGOOG8.5%
5. Uber TechnologiesUBER7.2%
6. IsharesEWC6.3%
7. Meta PlatformsMETA4.9%
8. VistraVST4.5%
9. NVIDIANVDA4.0%
10. NRG EnergyNRG3.3%