David Tepper’s Q4 Moves Highlight AI Investments
David Tepper, founder of Appaloosa Management, revealed significant changes in his investment portfolio through a Form 13F filing on February 17. His hedge fund’s fourth-quarter moves included substantial increases in holdings of technology stocks, particularly those connected to artificial intelligence (AI). Tepper boosted his stake in Alphabet by nearly 29%, making it 8.2% of Appaloosa’s portfolio.
Additionally, Appaloosa tripled its stake in Micron Technology during Q4, capitalizing on a 130% rise in share value attributed to heightened demand for memory chips in AI data centers. The firm also increased its investments in Meta Platforms by 62%, despite recent stock performance concerns. Other notable stakes included Taiwan Semiconductor and a modest 8% increase in Microsoft, which has seen a stock price decline of over 25% from its all-time high.
