By Sean Williams
Publication Date: 2026-02-19 17:06:00
Appaloosa’s billionaire boss tripled his fund’s stake in an artificial intelligence (AI) company at the forefront of an addressable market that can 32X by 2030.
Few data releases are more exciting than quarterly filed Form 13Fs with the Securities and Exchange Commission. A 13F provides a way for investors to track which stocks Wall Street’s savviest money managers bought and sold in the latest quarter.
One prominent billionaire investor who rightly garners attention during 13F filing season (13Fs covering fourth-quarter trading activity were due on Feb. 17) is David Tepper of Appaloosa. Tepper’s $6.4 billion investment portfolio is growth-stock oriented and strongly focused on game-changing trends, which, at the moment, means artificial intelligence (AI).
Image source: Getty Images.
Despite gravitating to AI stocks, Tepper was a seller of the face of the AI revolution, Nvidia (NVDA 0.62%), during the December-ended quarter. Meanwhile, an AI stock at the forefront of an addressable market that can 32X by 2030 took its place.
Tepper pares down Appaloosa’s Nvidia stake
During the fourth quarter, Tepper green-lit the sale of 200,000 shares of Nvidia, reducing his fund’s position to 1.7 million shares. This also knocked Nvidia from Appaloosa’s fourth-largest holding, as of Sept. 30, to No. 7 by the end of 2025.
Profit-taking likely explains some of this selling, but perhaps not all of it. Nvidia has been a continuous holding for Tepper’s fund since the first quarter of…
