Billionaire David Tepper’s 2023 Portfolio: Top 5 Stock Picks

4. Constellation Energy Corporation (NASDAQ:CEG)

Appaloosa Management’s Q1 2023 Investment: $164 million

Constellation Energy Corporation (NASDAQ:CEG) is a utility firm headquartered in Baltimore, Maryland. The firm has tens of thousands of electricity generation capacity and it provides power all over the U.S.

Insider Monkey’s December quarter of 2022 survey of 943 hedge funds revealed that 51 had invested in the electricity provider. Constellation Energy Corporation (NASDAQ:CEG)’s largest investor as of March 2023 is William B. Gray’s Orbis Investment Management with a $424 million stake.

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