Billionaire Investor David Tepper Has 46% of His Portfolio Invested in 5 Brilliant Artificial Intelligence (AI) Growth Stocks -- but Made Some Big Changes During the Quarter
David Tepper has developed quite a following on Wall Street. The billionaire heads up Appaloosa Management -- the hedge fund he founded back in 1993. He has been called "arguably the greatest hedge fund manager of his generation" by Forbes magazine and has "consistently outperformed his industry peers and the broader global markets since [Appaloosa's] inception," according to Carnegie Mellon University.
The results speak for themselves. Over the past three years, Appaloosa has outperformed the S&P 500 by nearly 17%, a remarkable accomplishment considering the macroeconomic downturn that plagued investors during 2022. Given his robust results, Tepper's stock picks might be worthy of additional review.
Appaloosa's portfolio is heavily weighted toward artificial intelligence (AI) stocks, with just five companies representing more than 46% of the fund's holdings to close out the fourth quarter:
Source Fool.com
