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