Tepper's Top Holdings Reveal Focus on AI Infrastructure Economics
Billionaire investor David Tepper's latest 13F filing reveals his top holdings in the tech sector, focusing on AI infrastructure economics. His Appaloosa LP disclosed its Q2 2026 holdings, which include Amazon (NASDAQ:AMZN), Micron Technology (NASDAQ:MU), NVIDIA (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), and Alphabet (NASDAQ:GOOG).
Tepper's portfolio is heavily weighted towards these five mega-cap AI names, with Amazon being his top holding at 15.42% of the portfolio, followed closely by Micron Technology at 14.57%. He has also increased his stakes in Meta, Alphabet, and NVIDIA.
The common thread among these holdings is their exposure to AI infrastructure monetization. Tepper's thesis is validated by the recent earnings reports from Amazon, Alphabet, and NVIDIA, which showed strong growth in their respective AI-related businesses.
While Micron Technology was trimmed by 41%, Tepper still maintains a significant position in the company, suggesting that he believes its exposure to AI infrastructure is still valuable. The takeaway for investors is that Tepper's bet on AI-capex is a coherent thesis, not a scattershot bet.