David Tepper - Appaloosa Management Portfolio Updates New Positions (Buy): 6 $BA $AAL $CRWV $AVGO $SPCX $GT Added to Existing Positions: 11 $BIDU $META $TSM $UBER $AMZN $VST $GOOG $NVDA $NRG $EWY $ASML Reduced Positions: 5 $AMD $MU $BABA $QCOM $WHR Fully Exited / Sold 100%: 12 $SNDK $GLW $PDD $LHX $RTX $BALL $JD $LYFT $MSFT $KWEB $UNH $DB

David Tepper initiated a $179M position in $SNDK last quarter. He’s one of the most successful macro-driven hedge fund managers alive and made billions buying distressed credit during the financial crisis.

DAVID TEPPER JUST DOUBLED HIS AMAZON POSITION AND EXITED EVERY US AIRLINE Here are their updated largest holdings and every move they made in Q1 2026: Top 10 holdings: 🥇 Amazon $AMZN: $900M (+98% shares) 🥈 Micron $MU: $562M 🥉 Alphabet $GOOG: $497M 4. Uber $UBER: $456M (+242% shares) 5. Taiwan Semiconductor $TSM: $449M 6. Alibaba $BABA: $435M 7. Vistra $VST: $304M (+114% shares) 8. iShares MSCI South Korea $EWY: $295M 9. NVIDIA $NVDA: $257M 10. NRG Energy $NRG: $253M New positions: - Sandisk $SNDK: $179M Biggest adds: - Uber $UBER: +242% shares - Vistra $VST: +114% - Amazon $AMZN: +98% - iShares South Korea $EWY: +28% - Baidu $BIDU: +20% - Taiwan Semiconductor $TSM: +18% - Micron $MU: +11% Biggest trims: - Deutsche Bank: -92% shares - Microsoft $MSFT: -82% - KraneShares China Internet $KWEB: -77% - $JD: -69% - Qualcomm $QCOM: -56% - UnitedHealth $UNH: -55% - Whirlpool $WHR: -50% - PDD Holdings: -49% - Alibaba $BABA: -33% - L3Harris $LHX: -33% - AMD $AMD: -32% - RTX $RTX: -32% Full exits: - American Airlines $AAL: $217M - Owens Corning $OC: $106M - Mohawk Industries $MHK: $74M - Micron $MU calls: $71M - IQVIA $IQV: $63M - United Airlines $UAL: $52M - iShares China Large-Cap $FXI: $42M - Delta Airlines $DAL: $33M - Goodyear $GT: $22M The rotation: out of US airlines, China internet, and select industrials. Into Amazon, Uber, Vistra, and South Korea.

BILLIONAIRE DAVID TEPPER RECENTLY INCREASED HIS $AMZN HOLDINGS HE HOLDS OVER 4.3M SHARES, WHICH ARE NOW WORTH $1.17 BILLION ON FRIDAY, AMAZON PUMPED 16%, ITS BIGGEST ONE-DAY GAIN SINCE 2021 THIS MAN DEFINITELY KNOWS SOMETHING!!

Appaloosa's Q2 13F shows a clear rotation: less memory, more mega-cap tech. David Tepper cut $MU by 41% and exited $SNDK, while adding 55% to $META and 16% to $AMZN. The two now make up ~21% of the portfolio. Not a broad semiconductor exit, though — $TSM was increased 24%, making it the third-largest position. Elsewhere, $BIDU nearly doubled while $BABA was cut 42%. A reshuffle within tech, not a retreat from it. → Not investment advice. For informational purposes only.