economy
David Tepper's Appaloosa nearly doubles Amazon stake, adds Sandisk in the first quarter
Amazon became Appaloosa's largest disclosed equity holding at the end of March, a regulatory filing showed.
TL;DR
- Appaloosa Management increased its holdings in technology and AI-related companies in the first quarter.
- Amazon became Appaloosa's largest disclosed equity holding, with the stake nearly doubling to approximately $900 million.
- The firm also boosted its stake in Uber by 242% and added to Vistra Energy, Taiwan Semiconductor, and Micron Technology.
- A new, sizable position in Sandisk was disclosed, valued at around $179 million.
- Appaloosa reduced its stakes in Alibaba (by 33%), Alphabet (by 3%), and Nvidia (by 13%).
- Alphabet, Alibaba, and Nvidia still ranked among Appaloosa's top 10 largest disclosed U.S. equity holdings.
- These moves reflect Tepper's positioning around AI themes, including semiconductors, cloud infrastructure, and data center power demand.