What did super investor David Tepper do in the first quarter of 2026?
Tepper's updated portfolio shows a very big change, mainly due to a clear decision to completely exit American airline stocks, Chinese internet, and industrial companies.
Tepper's portfolio is now mainly concentrated in Amazon, Uber, Vistra, and the Korean market?!
The top 10 stocks in Tepper's portfolio as of the latest update:
Amazon $AMZN: a $900 million position - an increase of almost 100% in the number of shares.
Micron $MU: a $562 million position.
Alphabet $GOOG: a $497 million position.
Uber $UBER: in fourth place with $456 million - after a 242% jump.
Taiwan Semiconductor $TSM: in fifth place with $449 million.
Alibaba $BABA: in sixth place with $435 million.
Vistra $VST: in seventh place with $304 million, after a 114% increase.
iShares Korea $EWY: in eighth place with $295 million.
Nvidia $NVDA: in ninth place with $257 million.
NRG Energy $NRG: in tenth place with $253 million.
New stocks Tepper purchased -
SanDisk $SNDK: a new position of $179 million.
In addition to existing holdings, Tepper sharply increased his positions in several companies,
Uber $UBER: number of shares increased by 242%.
Vistra $VST: an increase of 114%.
Amazon $AMZN: an increase of 98%.
iShares Korea $EWY: an increase of 28%.
Baidu $BIDU: an increase of 20%.
A large part of Tepper's holdings were significantly reduced this quarter - but they still remained in the portfolio:
Deutsche Bank: number of shares cut by 92%.
Microsoft $MSFT: a reduction of 82%.
KraneShares CSI China Internet $KWEB: a reduction of 77%.
JD $JD: a reduction of 69%.
Qualcomm $QCOM: a reduction of 56%.
UnitedHealth $UNH: a reduction of 55%.
And the most dramatic move in Tepper's portfolio - the stocks that were completely sold off:
American Airlines $AAL: all shares worth $217 million were sold.
Owens Corning $OC: a full sale of $106 million.
Mohawk Industries $MHK: a full sale of $74 million.
IQVIA $IQV: a full sale of $63 million.
United Airlines $UAL: all shares worth $52 million were sold.
Delta Air Lines $DAL: all shares worth $33 million were sold.
Goodyear $GT: a full sale worth $22 million.