Billionaire David Tepper’s Top 5 Stock Holdings

4. Micron Technology (NASDAQ: MU)

The chipmaker Micron Technology (NASDAQ: MU) is the fourth largest stock holding of Appaloosa’s 13F portfolio, accounting for 10.17% of the portfolio. Shares of Micron rallied close to 40% in the last twelve months. The hedge fund has been holding its position in the chipmaker since 2016 and raised its stake by 31% in the September quarter of last year.

Bonsai Partners, which return of 63.3% for the third quarter, claimed in an investor’s letter that Micron is an attractive stock pick. Here is what Bonsai Partners stated:

“If there’s one investment mistake I’ve made multiple times in my career it’s accepting lower quality businesses available at attractive prices. I hope I’m not repeating this mistake again with Micron. Acquiring a low-quality business at a great price usually does not lead to great investment returns, but neither does a great business at a low-quality price. You have to have both to earn superior returns.”