Billionaire David Tepper of Appaloosa Is Overweight AI Stocks -- but He Recently Dumped Every Share of the Hottest AI Stock of 2026
More than three-quarters of Appaloosa's $7.7 billion in invested assets are tied to industry-leading artificial intelligence (AI) stocks.
Overview
Although earnings season is the crown jewel of each quarter for investors, Form 13F filings can be equally important. A 13F shows investors which stocks Wall Street's savviest money managers, such as Appaloosa's billionaire investment chief, David Tepper, bought and sold in the latest quarter.
Tepper oversees more than $7.7 billion in assets under management and has heavily weighted his portfolio toward artificial intelligence (AI) stocks, including the usual suspects, Nvidia (NASDAQ: NVDA), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Amazon (NASDAQ: AMZN). However, you might be surprised to learn that Appaloosa's boss kicked the hottest AI stock, Sandisk (NASDAQ: SNDK), to the curb in the second quarter.
David Tepper has packed Appaloosa's investment portfolio with AI stocks. Image source: Getty Images.
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Originally published at www.fool.com.