2 hours ago
David Tepper is one of the greatest hedge fund managers of all time. He started Appaloosa Management in 1993 and went on to produce annualized returns of about 25% through mid-2019, at which point he had returned most of his outside investors' money.
Tepper has continued to produce excellent returns, now mostly managing his own money, taking concentrated and often contrarian positions to drive results. Appaloosa generated a massive 32% gross return in the first half of 2026 alone.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So, it's worth paying attention to the moves Tepper's making -- and you can, because he, like everyone who manages more than $100 million in **** ets, is required to disclose his fund's end-of-quarter holdings via a Form 13F four times a year.
Appaloosa's 13F for the second quarter (filed on schedule about 45 days after that period ended) showed that during the quarter, he sold two of the hottest stocks in the market: Micron (NASDAQ: MU) and Sandisk (NASDAQ: SNDK). Not only that, but he also bought put options (the right to sell shares at a set price within a preset period) on one of their biggest customers, which may suggest he sees something the market doesn't.
#signal #appaloosa
Tepper has continued to produce excellent returns, now mostly managing his own money, taking concentrated and often contrarian positions to drive results. Appaloosa generated a massive 32% gross return in the first half of 2026 alone.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So, it's worth paying attention to the moves Tepper's making -- and you can, because he, like everyone who manages more than $100 million in **** ets, is required to disclose his fund's end-of-quarter holdings via a Form 13F four times a year.
Appaloosa's 13F for the second quarter (filed on schedule about 45 days after that period ended) showed that during the quarter, he sold two of the hottest stocks in the market: Micron (NASDAQ: MU) and Sandisk (NASDAQ: SNDK). Not only that, but he also bought put options (the right to sell shares at a set price within a preset period) on one of their biggest customers, which may suggest he sees something the market doesn't.
#signal #appaloosa
9 days ago
I think David Tepper made a mistake selling UnitedHealth Group (NYSE: UNH), and not a small mistake either. When I look at what this company is doing and where healthcare is headed, I would rather buy the stock than walk away.
For context, here's what happened: Tepper is a billionaire hedge fund manager, the founder and president of Appaloosa Management. Tepper didn't trim his stake in UnitedHealth. He sold every share, about 90,000 in total, refocusing his portfolio toward artificial intelligence (AI) with purchases of Amazon (NASDAQ: AMZN), Micron (NASDAQ: MU), and Taiwan Semiconductor (NYSE: TSM), which now account for nearly 40% of his fund. That tells me his move was about concentrating on a narrower theme, not about UnitedHealth losing its edge. In earlier filings, UnitedHealth ranked among his top positions, accounting for more than 10% of the portfolio, indicating he once saw it as a core holding.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So what changed? The obvious worry is medical cost pressure, especially from GLP‑1 weight loss drugs and broader inflation in care. UnitedHealth's Q2 2026 numbers show medical costs of $75.36 billion and a medical care ratio of 86.7%, down from 89.4% a year earlier but still above the mid-80s range the company had framed as its target (lower is better). Some investors see that as a sign that margins will stay under pressure and that insurers will never fully catch up to medical care's rising cost curve. Tepper may have decided that the headache was not worth the trouble.
When I dig into the details, I see something different. UnitedHealth is not sitting still and hoping costs fall. It's reshaping how care is delivered across its UnitedHealthcare insurance arm and Optum pharmacy management services. On GLP‑1 drugs, the company has drawn a clear line, covering them for diabetes and cardiovascular risk under tight medical necessity rules and restricting coverage for weight loss alone. It has launched programs like Total Weight Support to combine medication with coaching and digital tools, which gives it a way to manage outcomes rather than paying for pills without structure. That kind of strategy matters when drug costs can top $1,000 per member each month.
#medical #costs
For context, here's what happened: Tepper is a billionaire hedge fund manager, the founder and president of Appaloosa Management. Tepper didn't trim his stake in UnitedHealth. He sold every share, about 90,000 in total, refocusing his portfolio toward artificial intelligence (AI) with purchases of Amazon (NASDAQ: AMZN), Micron (NASDAQ: MU), and Taiwan Semiconductor (NYSE: TSM), which now account for nearly 40% of his fund. That tells me his move was about concentrating on a narrower theme, not about UnitedHealth losing its edge. In earlier filings, UnitedHealth ranked among his top positions, accounting for more than 10% of the portfolio, indicating he once saw it as a core holding.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So what changed? The obvious worry is medical cost pressure, especially from GLP‑1 weight loss drugs and broader inflation in care. UnitedHealth's Q2 2026 numbers show medical costs of $75.36 billion and a medical care ratio of 86.7%, down from 89.4% a year earlier but still above the mid-80s range the company had framed as its target (lower is better). Some investors see that as a sign that margins will stay under pressure and that insurers will never fully catch up to medical care's rising cost curve. Tepper may have decided that the headache was not worth the trouble.
When I dig into the details, I see something different. UnitedHealth is not sitting still and hoping costs fall. It's reshaping how care is delivered across its UnitedHealthcare insurance arm and Optum pharmacy management services. On GLP‑1 drugs, the company has drawn a clear line, covering them for diabetes and cardiovascular risk under tight medical necessity rules and restricting coverage for weight loss alone. It has launched programs like Total Weight Support to combine medication with coaching and digital tools, which gives it a way to manage outcomes rather than paying for pills without structure. That kind of strategy matters when drug costs can top $1,000 per member each month.
#medical #costs
10 days ago
Over a 40+ year career on Wall Street, David Tepper has built a fortune estimated at $23.7 billion, mainly by making aggressive, concentrated wagers. First, he focused on the distressed debt market, building his Appaloosa Management into one of the largest and most successful hedge funds and earning him billions in the process.
Now, Appaloosa primarily manages Tepper's personal fortune. Instead of distressed debt, Tepper now mainly invests in large-cap tech stocks, most notably Amazon (NASDAQ: AMZN). According to Appaloosa's latest 13-F filing with the Securities and Exchange Commission (SEC), Tepper has around 16% of his nearly $7.5 billion stock portfolio invested in this "Magnificent Seven" stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
During the quarter ending June 30, Tepper's Appaloosa increased its position in Amazon by 680,000 shares, or just under 15.8%. During this same time frame, Appaloosa reduced its Micron position by 41.4% and exited its Sandisk position entirely. The fund also increased its positions in Alphabet and Meta Platforms by 6.7% and 54.6%, respectively.
This strongly suggests a cycling out of "pick-and-shovel" artificial intelligence (AI) plays, into hyperscaler stocks. Tepper's fund may have made an aggressive pivot toward Facebook and Instagram parent Meta Platforms, but given that Meta accounts for only 5.1% of the overall portfolio, Amazon seems to remain the investor's highest-conviction bet on the AI growth trend.
#tepper #amazon #NVIDIA
Now, Appaloosa primarily manages Tepper's personal fortune. Instead of distressed debt, Tepper now mainly invests in large-cap tech stocks, most notably Amazon (NASDAQ: AMZN). According to Appaloosa's latest 13-F filing with the Securities and Exchange Commission (SEC), Tepper has around 16% of his nearly $7.5 billion stock portfolio invested in this "Magnificent Seven" stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
During the quarter ending June 30, Tepper's Appaloosa increased its position in Amazon by 680,000 shares, or just under 15.8%. During this same time frame, Appaloosa reduced its Micron position by 41.4% and exited its Sandisk position entirely. The fund also increased its positions in Alphabet and Meta Platforms by 6.7% and 54.6%, respectively.
This strongly suggests a cycling out of "pick-and-shovel" artificial intelligence (AI) plays, into hyperscaler stocks. Tepper's fund may have made an aggressive pivot toward Facebook and Instagram parent Meta Platforms, but given that Meta accounts for only 5.1% of the overall portfolio, Amazon seems to remain the investor's highest-conviction bet on the AI growth trend.
#tepper #amazon #NVIDIA
11 days ago
The latest round of Form 13Fs has dropped, and that means investors get to see what billionaire hedge fund managers were up to during the second quarter. One popular stock to buy was Meta Platforms (NASDAQ: META), and two prominent billionaire hedge fund managers bought the stock. Bill Ackman at Pershing Square increased their stake by 20% during the quarter, and it now makes up nearly 10% of its holdings. David Tepper of Appaloosa Management increased his Meta stake by more than 50%, and it now makes up a 5% position in his portfolio.
That's two smart investors dumping a lot of money into Meta's stock, but that information is now a bit old. The 13F filing reveals only what a firm's positions were as of June 30. Since June 30, Meta's stock is actually down 3% from where it ended the quarter. However, these two could have bought at any time during Q2. Since April 1, Meta's stock is down around 6%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So right now is actually a better buying opportunity than during any time in Q2. Is Meta still a buy?
Prior to Q2's earnings announcement, Meta stock was actually on the rise during the start of July, leading to quick short-term gains for these two investors. However, that all came crashing down following a poorly received earnings report. While Meta's revenue soared 28% during Q2, its costs increased by 55%, leading to shrinking operating profits. The market wasn't impressed by this or its spending plans and sold the stock off as a result.
#quarter
That's two smart investors dumping a lot of money into Meta's stock, but that information is now a bit old. The 13F filing reveals only what a firm's positions were as of June 30. Since June 30, Meta's stock is actually down 3% from where it ended the quarter. However, these two could have bought at any time during Q2. Since April 1, Meta's stock is down around 6%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So right now is actually a better buying opportunity than during any time in Q2. Is Meta still a buy?
Prior to Q2's earnings announcement, Meta stock was actually on the rise during the start of July, leading to quick short-term gains for these two investors. However, that all came crashing down following a poorly received earnings report. While Meta's revenue soared 28% during Q2, its costs increased by 55%, leading to shrinking operating profits. The market wasn't impressed by this or its spending plans and sold the stock off as a result.
#quarter
11 days ago
As founder of the hedge fund company Appaloosa Management, David Tepper has built a reputation for bold, often contrarian bets -- particularly in distressed ***** ets. Investors monitor his moves closely because his track record includes legendary gains even during the toughest economic cycles.
New 13F filings reveal that during the second quarter, Appaloosa sold its entire position in Sandisk (NASDAQ: SNDK) while initiating a new stake in Broadcom (NASDAQ: AVGO). These moves offer a window into how Tepper is navigating the current chapter of the artificial intelligence (AI) revolution.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Sandisk produces NAND flash memory, the high-speed storage technology that powers solid-state drives (SSDs). In the AI infrastructure era, these products have become indispensable because AI data centers require vast amounts of fast, dense storage to hold training data and inference workloads. AI-driven demand has fueled NAND prices sharply in recent quarters, shifting Sandisk's revenue mix toward enterprise data center customers. Revenue and margins are expanding dramatically as sales surge and pricing power returns to the storage specialist.
Filings show that Tepper initiated the Sandisk position during the first quarter of 2026 and subsequently exited completely sometime in the second quarter. While exact entry and exit prices are private, the timing alone implies substantial gains.
#NVIDIA #signal #storage
New 13F filings reveal that during the second quarter, Appaloosa sold its entire position in Sandisk (NASDAQ: SNDK) while initiating a new stake in Broadcom (NASDAQ: AVGO). These moves offer a window into how Tepper is navigating the current chapter of the artificial intelligence (AI) revolution.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Sandisk produces NAND flash memory, the high-speed storage technology that powers solid-state drives (SSDs). In the AI infrastructure era, these products have become indispensable because AI data centers require vast amounts of fast, dense storage to hold training data and inference workloads. AI-driven demand has fueled NAND prices sharply in recent quarters, shifting Sandisk's revenue mix toward enterprise data center customers. Revenue and margins are expanding dramatically as sales surge and pricing power returns to the storage specialist.
Filings show that Tepper initiated the Sandisk position during the first quarter of 2026 and subsequently exited completely sometime in the second quarter. While exact entry and exit prices are private, the timing alone implies substantial gains.
#NVIDIA #signal #storage
14 days ago
Billionaire investor David Tepper of Appaloosa Management has made a name for himself as one of the world's top investment minds. The hedge fund manager is worth an estimated $23.7 billion, and he was recently busy selling high-flying memory stocks while adding to positions in several Magnificent Seven names.
This includes Amazon (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOGL), and Nvidia (NASDAQ: NVDA). Let's dive into why Tepper likely likes these stocks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Tepper's largest position is in Amazon, representing over 15% of his portfolio, and he was adding more shares in Q2. It's easy to see why Tepper would like the stock. Amazon is both the market leader in cloud computing and e-commerce, and it's been showing strong growth in both areas.
The company's cloud computing unit, AWS, has been seeing accelerating growth, with revenue climbing 37% year over year in Q2, its fastest growth in four and a half years. With a huge backlog, partnerships with Anthropic and OpenAI, and the company spending aggressively on high-return AI infrastructure projects, the strong growth should continue.
#NASDAQ
This includes Amazon (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOGL), and Nvidia (NASDAQ: NVDA). Let's dive into why Tepper likely likes these stocks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Tepper's largest position is in Amazon, representing over 15% of his portfolio, and he was adding more shares in Q2. It's easy to see why Tepper would like the stock. Amazon is both the market leader in cloud computing and e-commerce, and it's been showing strong growth in both areas.
The company's cloud computing unit, AWS, has been seeing accelerating growth, with revenue climbing 37% year over year in Q2, its fastest growth in four and a half years. With a huge backlog, partnerships with Anthropic and OpenAI, and the company spending aggressively on high-return AI infrastructure projects, the strong growth should continue.
#NASDAQ
15 days ago
Micron (MU) and SanDisk (SNDK) have delivered the sort of gains investors typically wait years for.
Micron traded around $1,012 on August 18, while SanDisk changed hands near $1,787. Seeking Alpha data show both stocks up 254% and 653%, respectively, in 2026.
Interestingly, that rally has been so intense that even after hedge fund billionaire David Tepper slashed his position by 41%, the value of Appaloosa's remaining stake doubled from $562.5 million to $1.125 billion between March 31 and June 30.
The tremendous rise is becoming tougher to dismiss as just another temporary memory boom.
For perspective, TrendForce expects the DRAM market to surge to $618.7 billion this year, up 303%, as AI continues to absorb capacity.
#billion #seeking #tepper
Micron traded around $1,012 on August 18, while SanDisk changed hands near $1,787. Seeking Alpha data show both stocks up 254% and 653%, respectively, in 2026.
Interestingly, that rally has been so intense that even after hedge fund billionaire David Tepper slashed his position by 41%, the value of Appaloosa's remaining stake doubled from $562.5 million to $1.125 billion between March 31 and June 30.
The tremendous rise is becoming tougher to dismiss as just another temporary memory boom.
For perspective, TrendForce expects the DRAM market to surge to $618.7 billion this year, up 303%, as AI continues to absorb capacity.
#billion #seeking #tepper
15 days ago
Interested in Amazon.com, Inc.? Here are five stocks we like better.
Dan Loeb's Third Point trimmed its Amazon stake by roughly 10%, but the fund still holds it as a top position, suggesting routine rebalancing rather than a loss of confidence.
Other major hedge funds, including Baupost, Coatue Management, and Appaloosa, increased their Amazon holdings during the same period, indicating broad institutional confidence in the stock.
Amazon shares fell nearly 10% from highs mainly because of concerns over $220 billion in planned spending, negative free cash flow, and profit reliance on its Anthropic stake gain.
Few things unsettle investors quite like the sight of a famous name heading for the exit.
#confidence #interested
Dan Loeb's Third Point trimmed its Amazon stake by roughly 10%, but the fund still holds it as a top position, suggesting routine rebalancing rather than a loss of confidence.
Other major hedge funds, including Baupost, Coatue Management, and Appaloosa, increased their Amazon holdings during the same period, indicating broad institutional confidence in the stock.
Amazon shares fell nearly 10% from highs mainly because of concerns over $220 billion in planned spending, negative free cash flow, and profit reliance on its Anthropic stake gain.
Few things unsettle investors quite like the sight of a famous name heading for the exit.
#confidence #interested
17 days ago
Tepper's complete exit from SNDK and GLW has been validated by subsequent price action, with both stocks dropping 28% and 35% respectively since his Q2 close.
Tepper held $1.1 billion in Micron and added to Baidu, betting on highest-conviction single names over broad memory and China baskets.
Defense is the only theme Tepper exited without a replacement, making his RTX and L3Harris walkout the clearest directional bet of the quarter.
The most widely read finance newsletter on Substack isn't published by a bank, it's Doomberg, where 383,000+ readers get the energy and macro **** ysis the mainstream press misses. 24/7 Wall St. readers save 17% on their first year here.
David Tepper's Appaloosa Management closed out 12 positions entirely in the Q2 2026 13F filed August 14, 2026, and the pattern beneath the list reveals a fund narrowing sprawling thematic bets down to single-name conviction plays.
#conviction #sndk
Tepper held $1.1 billion in Micron and added to Baidu, betting on highest-conviction single names over broad memory and China baskets.
Defense is the only theme Tepper exited without a replacement, making his RTX and L3Harris walkout the clearest directional bet of the quarter.
The most widely read finance newsletter on Substack isn't published by a bank, it's Doomberg, where 383,000+ readers get the energy and macro **** ysis the mainstream press misses. 24/7 Wall St. readers save 17% on their first year here.
David Tepper's Appaloosa Management closed out 12 positions entirely in the Q2 2026 13F filed August 14, 2026, and the pattern beneath the list reveals a fund narrowing sprawling thematic bets down to single-name conviction plays.
#conviction #sndk
1 month ago
Billionaire David Tepper made the bulk of his fortune investing on Wall Street, so it's understandable that people would peek into his hedge fund's holdings to get a look at where he's placing his bets. As of the first quarter (Q1), Tepper's hedge fund, Appaloosa Management, had $5.93 billion in ******* ets under management, with a surprising amount of that coming from a little-known energy company.
Vistra (NYSE: VST) was 5.12% of Appaloosa's portfolio, its seventh-largest holding. The six above it are Amazon, Micron, Alphabet, Uber, Taiwan Semiconductor Manufacturing, and Alibaba, all of which fall into the tech bucket.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So, why are Tepper and Appaloosa so high on Vistra? Let's take a look.
Vistra is an energy company that makes money in two main ways. The first is through retail, supplying power to around 5 million residential, commercial, and industrial customers.
#vistra #tepper
Vistra (NYSE: VST) was 5.12% of Appaloosa's portfolio, its seventh-largest holding. The six above it are Amazon, Micron, Alphabet, Uber, Taiwan Semiconductor Manufacturing, and Alibaba, all of which fall into the tech bucket.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So, why are Tepper and Appaloosa so high on Vistra? Let's take a look.
Vistra is an energy company that makes money in two main ways. The first is through retail, supplying power to around 5 million residential, commercial, and industrial customers.
#vistra #tepper
2 months ago
One of the biggest success stories in the stock market this year has been Micron Technology (MU). The company makes computer memory and storage - the very products that have been in high demand this year due to the explosive build-out of artificial intelligence data centers.
Micron Technology stock is up 247% so far this year, which is the second-best performance in the entire S&P 500 Index ($SPX). This pushes Micron to join the exclusive trillion-dollar club in its market capitalization. Having Micron in your portfolio can lead to dynamic returns, whether you're just starting out or if you're a seasoned pro. Bloomberg News recently reported that the Appaloosa Management hedge fund run by David Tepper returned 32% in the first half of the year, with memory chip stocks like Micron leading the way.
'Shark Tank' Star Kevin O'Leary 'Can't Stand It' When Young People Spend $28 on Lunch But Only Make $70k — 'I Mean, That's Just Stupid'
Broadcom Lands $30 Billion Chip Deal With Apple. Why It's a Win-Win for AAPL and AVGO.
Intel Future Price Hikes Send Huge Demand Signal to Wall Street
Micron Technology stock is up 247% so far this year, which is the second-best performance in the entire S&P 500 Index ($SPX). This pushes Micron to join the exclusive trillion-dollar club in its market capitalization. Having Micron in your portfolio can lead to dynamic returns, whether you're just starting out or if you're a seasoned pro. Bloomberg News recently reported that the Appaloosa Management hedge fund run by David Tepper returned 32% in the first half of the year, with memory chip stocks like Micron leading the way.
'Shark Tank' Star Kevin O'Leary 'Can't Stand It' When Young People Spend $28 on Lunch But Only Make $70k — 'I Mean, That's Just Stupid'
Broadcom Lands $30 Billion Chip Deal With Apple. Why It's a Win-Win for AAPL and AVGO.
Intel Future Price Hikes Send Huge Demand Signal to Wall Street
2 months ago
We recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. UnitedHealth Group Incorporated (NYSE:UNH) is one of the long-term stock picks.
David Tepper's Appaloosa Management has held a stake in health insurance giant UnitedHealth Group Incorporated (NYSE:UNH)'s shares since the fourth quarter of 2010. It held the shares until the second quarter of 2011. Then, the fund disclosed 300,000 shares for its Q1 2017 holdings. Since then, it has continuously held UnitedHealth Group Incorporated (NYSE:UNH)'s shares. The holdings peaked during Q2 2025 when it held 2.4 million shares, which were worth $764 million. Since then, they have dropped, and the latest stake is worth $24.3 million.
Investment bank JPMorgan discussed UnitedHealth Group Incorporated (NYSE:UNH)'s shares on June 8th. It raised the share price target to $466 from $420 and kept an Overweight rating on the stock. The coverage came as part of the bank's update of its healthcare services models, which included a higher valuation.
SGA Global Growth Strategy discussed UnitedHealth Group Incorporated (NYSE:UNH) in its Q1 2026 investor letter:
"Our position in UnitedHealth Group Incorporated (NYSE:UNH) was based on our view that the company would deliver durable growth due to its ability to manage the rising healthcare costs given its scale advantages. We viewed the business as having strong pricing power given its vertical integration with Optum, which gave them good tools to manage medical costs, as well as the ability to raise premiums annually. The privatization of government-funded senior health plans, Medicare Advantage, provided a growth opportunity. Over 2025 the stock suffered due to execution missteps which were exacerbated by government payment cuts to Medicare Advantage programs which were initiated under the Biden administration. Despite these issues we held on to the position under the expectation that they would be able to re-price their health insurance policies in the following year, and that execution would improve with the return of Stephen Hemsley as CEO. We had also thought that a change in administration would be beneficial for the company given Republican's historical support of Medicare privatization. However, when the CMS released their preliminary rate for 2027 this quarter of just 0.1%, we, and the market, were disappointed. While the final rate has since been revised higher to 2.5%, this is still below the mid-single digit rate expectations and cost inflation trends. Additionally, in the latest communication, while the company was able to re-price most of its insurance businesses, the greater than expected membership losses as well as the slower profitability improvement at Optum were disappointing, indicating a more mature Medicare Advantage market and increased competition. Given these developments we decided to exit the position and re-allocate the capital into higher conviction growth opportunities. The company has since been removed from th
David Tepper's Appaloosa Management has held a stake in health insurance giant UnitedHealth Group Incorporated (NYSE:UNH)'s shares since the fourth quarter of 2010. It held the shares until the second quarter of 2011. Then, the fund disclosed 300,000 shares for its Q1 2017 holdings. Since then, it has continuously held UnitedHealth Group Incorporated (NYSE:UNH)'s shares. The holdings peaked during Q2 2025 when it held 2.4 million shares, which were worth $764 million. Since then, they have dropped, and the latest stake is worth $24.3 million.
Investment bank JPMorgan discussed UnitedHealth Group Incorporated (NYSE:UNH)'s shares on June 8th. It raised the share price target to $466 from $420 and kept an Overweight rating on the stock. The coverage came as part of the bank's update of its healthcare services models, which included a higher valuation.
SGA Global Growth Strategy discussed UnitedHealth Group Incorporated (NYSE:UNH) in its Q1 2026 investor letter:
"Our position in UnitedHealth Group Incorporated (NYSE:UNH) was based on our view that the company would deliver durable growth due to its ability to manage the rising healthcare costs given its scale advantages. We viewed the business as having strong pricing power given its vertical integration with Optum, which gave them good tools to manage medical costs, as well as the ability to raise premiums annually. The privatization of government-funded senior health plans, Medicare Advantage, provided a growth opportunity. Over 2025 the stock suffered due to execution missteps which were exacerbated by government payment cuts to Medicare Advantage programs which were initiated under the Biden administration. Despite these issues we held on to the position under the expectation that they would be able to re-price their health insurance policies in the following year, and that execution would improve with the return of Stephen Hemsley as CEO. We had also thought that a change in administration would be beneficial for the company given Republican's historical support of Medicare privatization. However, when the CMS released their preliminary rate for 2027 this quarter of just 0.1%, we, and the market, were disappointed. While the final rate has since been revised higher to 2.5%, this is still below the mid-single digit rate expectations and cost inflation trends. Additionally, in the latest communication, while the company was able to re-price most of its insurance businesses, the greater than expected membership losses as well as the slower profitability improvement at Optum were disappointing, indicating a more mature Medicare Advantage market and increased competition. Given these developments we decided to exit the position and re-allocate the capital into higher conviction growth opportunities. The company has since been removed from th
2 months ago
We recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. Micron Technology, Inc. (NASDAQ:MU) is one of the long-term stock picks.
Memory giant Micron Technology, Inc. (NASDAQ:MU) is a major position in Appaloosa Management's portfolio. It is also one of the oldest as the fund has held a position since the fourth quarter of 2010. After briefly not holding any stakes between 2011 and mid to late 2015, the fund has consistently held a stake in Micron Technology, Inc. (NASDAQ:MU)'s shares since the fourth quarter of 2016. This decision has proven to be fruitful as the average share price has jumped from $18.78 during Q4 2016 to a whopping $391 in Q1 2026. Appaloosa's latest stake in Micron Technology, Inc. (NASDAQ:MU) is worth a whopping $562 million.
Posonskyi Andrey/Shutterstock.com
The primary driver behind Micron Technology, Inc. (NASDAQ:MU)'s accelerating fortune is the shortage in the memory industry brought on by the demand from AI GPUs. On this front, the firm made a key announcement on June 10th when it selected its engineering partner for a leading-edge memory manufacturing facility in New York. Micron Technology, Inc. (NASDAQ:MU)'s fiscal second quarter earnings saw its revenue grow by 196% year-over-year to sit at $23.86 billion.
While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Memory giant Micron Technology, Inc. (NASDAQ:MU) is a major position in Appaloosa Management's portfolio. It is also one of the oldest as the fund has held a position since the fourth quarter of 2010. After briefly not holding any stakes between 2011 and mid to late 2015, the fund has consistently held a stake in Micron Technology, Inc. (NASDAQ:MU)'s shares since the fourth quarter of 2016. This decision has proven to be fruitful as the average share price has jumped from $18.78 during Q4 2016 to a whopping $391 in Q1 2026. Appaloosa's latest stake in Micron Technology, Inc. (NASDAQ:MU) is worth a whopping $562 million.
Posonskyi Andrey/Shutterstock.com
The primary driver behind Micron Technology, Inc. (NASDAQ:MU)'s accelerating fortune is the shortage in the memory industry brought on by the demand from AI GPUs. On this front, the firm made a key announcement on June 10th when it selected its engineering partner for a leading-edge memory manufacturing facility in New York. Micron Technology, Inc. (NASDAQ:MU)'s fiscal second quarter earnings saw its revenue grow by 196% year-over-year to sit at $23.86 billion.
While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
2 months ago
We recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. Microsoft Corporation (NASDAQ:MSFT) is one of the long-term stock picks.
Microsoft Corporation (NASDAQ:MSFT) is another stock that has featured in Appaloosa's 13F holdings since 2010. This period is divided into two stints. The first started from Q4 2010, when the fund held six million shares worth $168 million, and ended in Q2 2013, when it held 1.4 million shares worth $48 million. The second period started from Q1 2020, when the fund held 90,000 Microsoft Corporation (NASDAQ:MSFT) shares. The stake peaked in Q4 2023 when Appaloosa held 1.7 million shares that were worth $639 million. Since then, it has been on a downward trend, with the latest stake being worth $33 million.
Photo by Microsoft 365 on Unsplash
Microsoft Corporation (NASDAQ:MSFT)'s shares have been among the weakest performers in 2026 as they are down by 22% year-to-date. June was an important month for the firm as it announced a slew of new AI initiatives. These include a new AI model, agents for its Copilot platform and APIs to bring work-specific context to AI agents. Microsoft Corporation (NASDAQ:MSFT) has also collaborated with NVIDIA to announce Windows PCs powered by the latter's products.
While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Microsoft Corporation (NASDAQ:MSFT) is another stock that has featured in Appaloosa's 13F holdings since 2010. This period is divided into two stints. The first started from Q4 2010, when the fund held six million shares worth $168 million, and ended in Q2 2013, when it held 1.4 million shares worth $48 million. The second period started from Q1 2020, when the fund held 90,000 Microsoft Corporation (NASDAQ:MSFT) shares. The stake peaked in Q4 2023 when Appaloosa held 1.7 million shares that were worth $639 million. Since then, it has been on a downward trend, with the latest stake being worth $33 million.
Photo by Microsoft 365 on Unsplash
Microsoft Corporation (NASDAQ:MSFT)'s shares have been among the weakest performers in 2026 as they are down by 22% year-to-date. June was an important month for the firm as it announced a slew of new AI initiatives. These include a new AI model, agents for its Copilot platform and APIs to bring work-specific context to AI agents. Microsoft Corporation (NASDAQ:MSFT) has also collaborated with NVIDIA to announce Windows PCs powered by the latter's products.
While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
