David Tepper
Also known as: Appaloosa
Founder and President
Known For
Renowned for generating outsized returns via distressed debt investments and crisis-era bets like 2009 bank stocks that yielded billions in profits.
About
From his base in Miami Beach, Florida, David Tepper has steered Appaloosa Management to exceptional results, including a 58.13% estimated one-year return and over 980% in ten years through bold bets on distressed debt and undervalued equities. His firm's Q1 2025 portfolio emphasized consumer cyclical and technology sectors, with key positions in Alibaba (BABA), PDD Holdings (PDD), and Amazon (AMZN), alongside strategic trims in AMD and Fiserv. Tepper's contrarian style shone during the 2009 crisis with massive bank stock gains, fueling his ascent as a Wall Street legend. He also channels profits into sports ownership, including the NFL's Carolina Panthers and MLS's Charlotte FC.
