Billionaire David Tepper’s Investment Strategy and 5 Favorite Stocks

In this piece, we will take a look at billionaire David Tepper’s investment strategy and five favorite stocks. If you want to learn more about the hedge fund and its founder, then check out Billionaire David Tepper’s Investment Strategy and 10 Favorite Stocks.

5. Meta Platforms, Inc. (NASDAQ:META)

Appaloosa Management’s Q1 2023 Investment: $148.4 million

Share Price Gains Since March 2023: 38%

Meta Platforms, Inc. (NASDAQ:META) is one of the largest social media companies in the world. It owns Facebook, Instagram, and the instant messaging service WhatsApp. It has also launched a new social media service called Threads, which allows users to share short snippets like Twitter.

David Tepper’s Appaloosa Management had owned 700,000 Meta Platforms, Inc. (NASDAQ:META) shares during this year’s March quarter, allowing it to hold a $148.4 million investment. Cumulatively, 220 of the 943 hedge funds polled by Insider Monkey had also owned a stake in the same time period, out of which the largest shareholder is Philippe Laffont’s Coatue Management since it has a $1.7 billion investment.