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Billionaire Investor David Tepper Just Exited 12 Stocks. These 5 Are the Most Surprising.
24/7 Wall St. • • business
Key Points:
- David Tepper’s Appaloosa Management fully exited 12 positions in Q2 2026, signaling a strategic shift from broad thematic bets to focused single-name convictions.
- Tepper notably sold all shares of SanDisk despite its strong year-to-date performance and long-term positive outlook, reflecting a cautious stance on memory-chip stocks despite prior gains.
- The fund also exited defense stocks RTX and L3Harris, and significantly reduced exposure to Chinese companies PDD, JD.com, and the KWEB ETF, while trimming Alibaba shares.
- Tepper maintained a large position in Micron, indicating continued but reduced confidence in memory-chip makers, and increased his stake in Baidu, highlighting a preference for select Chinese AI-related opportunities.
- Overall, the moves suggest Tepper is narrowing his portfolio focus, maintaining memory exposure with caution, abandoning defense stocks entirely, and selectively investing in Chinese tech, with the understanding that 13F filings reflect past holdings and not necessarily current positions.
