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Billionaire Investor David Tepper Eliminated Nearly All of Appaloosa Management's Bank Stocks and Increased its Position in One of the World's Largest AI Memory Companies by 200%
Yahoo Finance· 2026-03-03 18:07
Billionaire investor David Tepper, who also owns the Carolina Panthers NFL team, needs no introduction in the investing world. His fund, Appaloosa Management, has achieved gross annualized returns of 28% since its launch in 1993, and had over $6.9 billion in assets at the end of 2025. Tepper has made some big calls over his career, whether it was buying up distressed bank debt in 2009, betting that the government wouldn't let most banks fail, or in late 2010, when he went on CNBC and said, "Don't fight th ...