Why Billionaire David Tepper Just Sold 92% of UnitedHealth Group and Is Buying These 3 Stocks Instead

Core Insights - Billionaire David Tepper's Appaloosa hedge fund significantly reduced its stake in UnitedHealth Group, selling 92% of its shares after a substantial purchase earlier in the year, indicating a strategic shift in investment focus [2][3][4] UnitedHealth Group - Appaloosa had a long-standing investment in UnitedHealth Group, having added approximately 2.28 million shares in Q2 2025, capitalizing on what was perceived as a discount [3] - Tepper's decision to sell 2.25 million shares in Q3 2025 suggests profit-taking, as this sale could have yielded a gain of around 29% if shares were bought at the lowest point and sold at the highest [4] Whirlpool - Appaloosa increased its stake in Whirlpool by 1,967% in Q3 2025, indicating a strong belief in the company's valuation after a significant drop in share price [7] - Whirlpool's current market cap is $4 billion, with shares trading at $78.75, down over 40% from earlier peaks [8] Qualcomm and Advanced Micro Devices (AMD) - Tepper significantly boosted Appaloosa's position in Qualcomm by 256% and initiated a new position in AMD, reflecting a strategic pivot towards companies expected to thrive in the AI chip market [10][12] - Qualcomm is recognized as a major player in edge AI applications, while AMD is seen as a strong competitor to Nvidia in the AI chip sector [12] KraneShares CSI China Internet ETF - Appaloosa also increased its stake in the KraneShares CSI China Internet ETF by 85%, diversifying its portfolio further into international markets [9]