This Billionaire Was Recently Loading Up on "Magnificent Seven" Stocks

Published August 20, 2026 · Category: Finance

Overview

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.

Details

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.

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Source

Originally published at www.fool.com.

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