Photo: Appaloosa Management, CC BY-SA 3.0, via Wikimedia Commons
David Tepper
Appaloosa Management · Opportunistic / distressed Tepper's Appaloosa runs an opportunistic book that rotates aggressively quarter to quarter.
David Tepper is an American billionaire hedge fund manager who founded Appaloosa Management in 1993, a fund known for specializing in distressed debt and special situations. He rose to prominence for investing in the debt and equity of troubled companies, most notably a large and profitable 2009 bet on beaten-down bank stocks, and Carnegie Mellon University's business school is named after him following his substantial donations. Tepper also owns the NFL's Carolina Panthers and MLS's Charlotte FC.
顯示全部 27 個申報的 13(f) 部位；TradingPilot 只為其中 15 個與其整理過的公司庫相符的部位建立連結——並未使用需付費授權的 CUSIP↔代號對照資料庫。未對應的部位按申報原樣以純文字呈現。
投組配置（申報的 13F 股票）
僅含在美國掛牌的多方股票部位；不含選擇權。
- AMZN16.0%
- MU15.1%
- TSM10.5%
- ALPHABET INC8.7%
- UBER TECHNOLOGIES INC7.4%
- ISHARES INC6.6%
- META5.1%
- VST4.7%
- NVDA4.1%
- NRG ENERGY INC3.4%
- Others18.4%
申報的 13F 股票市值——這不是報酬，也不是管理規模
僅含在美國掛牌的多方股票部位；申報有約 45 天的延遲。
| # | 代號 | 證券名稱（申報原文） | 佔 13F 比例 | 股數 | 申報均價 | 目前 | 金額 | 異動 |
|---|---|---|---|---|---|---|---|---|
| 1 | AMZN | AMAZON COM INC | 16.0% | 5,000,000 | $238.34 | $243.79 +2.3% | $1.2B | 加碼 +16% |
| 2 | MU | MICRON TECHNOLOGY INC | 15.1% | 975,000 | $1,154.29 | $934.27 -19.1% | $1.1B | 減碼 −41% |
| 3 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 10.5% | 1,650,000 | $477.57 | $431.81 -9.6% | $788.0M | 加碼 +24% |
| 4 | — | ALPHABET INC | 8.7% | 1,850,000 | $353.33 | — | $653.7M | 加碼 +7% |
| 5 | — | UBER TECHNOLOGIES INC | 7.4% | 7,694,071 | $72.16 | — | $555.2M | 加碼 +21% |
| 6 | — | ISHARES INC | 6.6% | 2,425,000 | $201.90 | — | $489.6M | 加碼 +1% |
| 7 | META | META PLATFORMS INC | 5.1% | 675,000 | $563.29 | $624.52 +10.9% | $380.2M | 加碼 +55% |
| 8 | VST | VISTRA CORP | 4.7% | 2,215,272 | $158.63 | $140.95 -11.1% | $351.4M | 加碼 +10% |
| 9 | NVDA | NVIDIA CORPORATION | 4.1% | 1,525,000 | $200.09 | $213.66 +6.8% | $305.1M | 加碼 +4% |
| 10 | — | NRG ENERGY INC | 3.4% | 1,760,000 | $146.06 | — | $257.1M | 加碼 +1% |
| 11 | BABA | ALIBABA GROUP HLDG LTD | 2.6% | 2,000,000 | $95.98 | $99.54 +3.7% | $192.0M | 減碼 −42% |
| 12 | — | BOEING CO | 2.3% | 800,000 | $216.47 | — | $173.2M | 新建部位 |
| 13 | LRCX | LAM RESEARCH CORP | 2.2% | 382,500 | $433.33 | $254.39 -41.3% | $165.7M | 維持 +0% |
| 14 | BIDU | BAIDU INC | 2.0% | 1,295,000 | $114.29 | $78.65 -31.2% | $148.0M | 加碼 +87% |
| 15 | — | AMERICAN AIRLINES GROUP INC | 1.8% | 7,500,000 | $18.07 | — | $135.5M | 新建部位 |
| 16 | AMD | ADVANCED MICRO DEVICES INC | 1.5% | 197,500 | $580.91 | $566.42 -2.5% | $114.7M | 減碼 −11% |
| 17 | CRWV | COREWEAVE INC | 1.4% | 1,078,248 | $99.54 | $60.74 -39.0% | $107.3M | 新建部位 |
| 18 | ASML | ASML HLDG NV | 1.3% | 50,000 | $1,989.44 | $1,675.70 -15.8% | $99.5M | 加碼 +1% |
| 19 | AVGO | BROADCOM INC | 0.8% | 150,000 | $377.75 | $345.00 -8.7% | $56.7M | 新建部位 |
| 20 | QCOM | QUALCOMM INC | 0.6% | 250,000 | $184.79 | $185.41 +0.3% | $46.2M | 減碼 −50% |
| 21 | — | SPACE EXPLORATION TECHN CORP | 0.5% | 225,000 | $170.86 | — | $38.4M | 新建部位 |
| 22 | — | ENERGY TRANSFER L P | 0.4% | 1,576,125 | $19.12 | — | $30.1M | 維持 +0% |
| 23 | — | MPLX LP | 0.4% | 502,460 | $56.33 | — | $28.3M | 維持 +0% |
| 24 | — | WHIRLPOOL CORP | 0.4% | 715,000 | $39.42 | — | $28.2M | 減碼 −63% |
| 25 | — | GOODYEAR TIRE & RUBR CO | 0.1% | 1,508,591 | $6.60 | — | $10.0M | 新建部位 |
| — | — | BALL CORP | — | 0 | — | — | $0 | 已出清 −100% |
| — | GLW | CORNING INC | — | 0 | — | — | $0 | 已出清 −100% |
| — | — | DEUTSCHE BK AG | — | 0 | — | — | $0 | 已出清 −100% |
| — | — | JD.COM INC | — | 0 | — | — | $0 | 已出清 −100% |
| — | — | KRANESHARES TRUST | — | 0 | — | — | $0 | 已出清 −100% |
| — | — | LYFT INC | — | 0 | — | — | $0 | 已出清 −100% |
| — | MSFT | MICROSOFT CORP | — | 0 | — | — | $0 | 已出清 −100% |
| — | — | PDD HOLDINGS INC | — | 0 | — | — | $0 | 已出清 −100% |
| — | SNDK | SANDISK CORP | — | 0 | — | — | $0 | 已出清 −100% |
| — | AAPL | APPLE INC · 賣權 | — | 835,000 | — | — | $241.6M | 新建部位 |
| — | — | BERKSHIRE HATHAWAY INC DEL · 賣權 | — | 25,000 | — | — | $12.5M | 新建部位 |
申報均價 = 季末的金額 ÷ 股數——這是一個平均值，並非經理人的買進或賣出價。
「目前」顯示的是自申報季末以來該股票的價格變動（僅限已對應的名字）——這是股票本身的漲跌，不是經理人的已實現報酬（我們並不知道他們的成本，也不知道他們是否仍持有）。
TradingPilot 對其申報 13F 股票投組的分析
截至 2026Q2，David Tepper 申報的 13F 投組持有 25 個股票部位；其中最大的 5 個佔其 58%。
- AMAZON COM INC (AMZN) — 佔 13F 的 16.0%
- MICRON TECHNOLOGY INC (MU) — 佔 13F 的 15.1%
- TAIWAN SEMICONDUCTOR MANUFAC (TSM) — 佔 13F 的 10.5%
- ALPHABET INC — 佔 13F 的 8.7%
- UBER TECHNOLOGIES INC — 佔 13F 的 7.4%
本季：新建 6 個，加碼 11 個，減碼 5 個，出清 9 個。
- LYFT INC — 已出清 (−2,700,000 股)
- ALIBABA GROUP HLDG LTD (BABA) — 減碼 (−1,465,000 股)
- UBER TECHNOLOGIES INC — 加碼 (+1,361,351 股)
- JD.COM INC — 已出清 (−1,305,000 股)
- WHIRLPOOL CORP — 減碼 (−1,235,000 股)