A highly successful and closely watched billionaire makes major changes to his hedge fund’s portfolio.
A new SEC filing shows that Appaloosa Management founder and president David Tepper just sold UnitedHealth (UNH), Intel (INTC), Alibaba (BABA), Vistra (VST) and Micron (MU).
Tepper cut UNH at 92%, has completely exited INTC, cut BABA by 9%, cut VST by 31% and cut MU by 39% in Q3 2025.
Meanwhile, in a bold contrarian move, Tepper poured $411 million into Whirlpool (WHR), sending its shares up from 266,000 to 5.5 million.
The device giant now ranks third in Appaloosa’s $7.38 billion portfolio with 5.85%.
Tepper also added stakes in old economy names like Goodyear Tire (GT) and regional banks like Truist (TFC) and Western Alliance (WAL).
These moves reflect Tepper’s opportunistic style of betting on undervalued cyclical stocks amid technology downturns.
The company’s portfolio value grew 14% quarter-over-quarter, and the top holdings remain Alibaba (BABA) at 15.6%, Amazon (AMZN) at 7.4%, and Nvidia (NVDA) at 4.8%.
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