Billionaire David Tepper’s 5 Newest Stock Picks

4. D.R. Horton, Inc. (NYSE:DHI)

Appaloosa Management LP’s Stake Value: $103,407,000
Percent of Appaloosa Management LP’s 13F Portfolio: 2.14%
Number of Hedge Fund Holders: 45

D.R. Horton, Inc. (NYSE:DHI) is an American home construction company that mainly deals in the construction and sale of single-family housing. The company ranks fourth on our list of billionaire David Tepper’s newest stock picks. 

Appaloosa Management bought stakes in D.R. Horton, Inc. (NYSE:DHI) in Q1 2021, reducing its position in the company by 2% in the second quarter of 2021. Currently, the hedge fund holds over 1.14 million shares in the company, worth $103.4 million. D.R. Horton, Inc. (NYSE:DHI) represents 2.14% of the hedge fund’s 13F portfolio.

Of the 873 hedge funds tracked by Insider Monkey, 45 hedge funds have positions in D.R. Horton, Inc. (NYSE:DHI), compared with 50 in the previous quarter. The total worth of these stakes is over $1.88 billion.