In this article, we will discuss: David Tepper Stock Portfolio: 5 Long-Term Stock Picks. For more stocks, you can head to David Tepper Stock Portfolio: 10 Long-Term Stock Picks.
5. Whirlpool Corporation (NYSE:WHR)
Number of Hedge Fund Holdings in Q1 2026: 43
First Appeared In 13F Holdings: Q3 2012
Latest Stake: $105 million
Whirlpool Corporation (NYSE:WHR) is one of the largest home appliance companies in America. Its shares are down by 60.5% over the past year and by 50% year-to-date. Appaloosa held the stock for a long stretch of time, which started from the third quarter of 2012 and ended in the third quarter of 2017. During this period, the holdings peaked at two million shares, which were worth $291 million in Q3 2014. The fund then held 90,000 Whirlpool Corporation (NYSE:WHR) shares in Q4 2023, but exited them in the following quarter. It has held the shares since Q2 2025, and the latest stake is worth $105 million.
Whirlpool Corporation (NYSE:WHR) came at the center of market interest last year after President Trump levied tariffs against firms with an international manufacturing presence. Since 80% of its capacity is based in the US, it was viewed as a safe haven against other volatile firms. CNBC’s Jim Cramer discussed Whirlpool Corporation (NYSE:WHR) on his May 15th appearance of Mad Money:
“You know that Goldman Neutral was down from a Buy, and they, I think they missed it. I’ve gotta tell you, I am very concerned about that company… But I would tell you that right now, I don’t see any relief. And if you did want to play it like I did, then you would… do Home Depot or do Lowe’s. I think Lowe’s number could be better.”
4. QUALCOMM Inc. (NASDAQ:QCOM)
Number of Hedge Fund Holdings in Q1 2026: 71
First Appeared In 13F Holdings: Q1 2012
Latest Stake: $64 million
Appaloosa Management has held QUALCOMM Inc. (NASDAQ:QCOM)’s shares since the first quarter of 2021. From Q1 2012 to Q1 2014, the fund continuously held the shares. It then briefly held them in 2016 before re-entering the position in the fourth quarter of 2020. Following the disclosure of 515,500 shares for Q2 2020, Appaloosa continued to hold its stake in QUALCOMM Inc. (NASDAQ:QCOM) until the third quarter of 2021. It then re-entered in the second quarter of 2023 and has held a stake since then. Appaloosa’s latest stake in QUALCOMM Inc. (NASDAQ:QCOM) is worth $64 million.
Like other chip designers, QUALCOMM Inc. (NASDAQ:QCOM) is also busy making moves in the AI industry. The firm announced on June 9th that it was working with oil and gas exploration and production equipment provider SLB. Through the deal, the two firms will cooperate on AI processing, edge computing and Internet-of-Things (IoT) use cases. QUALCOMM Inc. (NASDAQ:QCOM) has also entered into an agreement to provide Chinese technology conglomerate ByteDance with AI chips to power up AI agents.
3. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holdings in Q1 2026: 154
First Appeared In 13F Holdings: Q4 2010
Latest Stake: $562 million
Memory giant Micron Technology, Inc. (NASDAQ:MU) is a major position in Appaloosa Management’s portfolio. It is also one of the oldest as the fund has held a position since the fourth quarter of 2010. After briefly not holding any stakes between 2011 and mid to late 2015, the fund has consistently held a stake in Micron Technology, Inc. (NASDAQ:MU)’s shares since the fourth quarter of 2016. This decision has proven to be fruitful as the average share price has jumped from $18.78 during Q4 2016 to a whopping $391 in Q1 2026. Appaloosa’s latest stake in Micron Technology, Inc. (NASDAQ:MU) is worth a whopping $562 million.
The primary driver behind Micron Technology, Inc. (NASDAQ:MU)’s accelerating fortune is the shortage in the memory industry brought on by the demand from AI GPUs. On this front, the firm made a key announcement on June 10th when it selected its engineering partner for a leading-edge memory manufacturing facility in New York. Micron Technology, Inc. (NASDAQ:MU)’s fiscal second quarter earnings saw its revenue grow by 196% year-over-year to sit at $23.86 billion.
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holdings in Q1 2026: 282
First Appeared In 13F Holdings: Q4 2010
Latest Stake: $33.15 million
Microsoft Corporation (NASDAQ:MSFT) is another stock that has featured in Appaloosa’s 13F holdings since 2010. This period is divided into two stints. The first started from Q4 2010, when the fund held six million shares worth $168 million, and ended in Q2 2013, when it held 1.4 million shares worth $48 million. The second period started from Q1 2020, when the fund held 90,000 Microsoft Corporation (NASDAQ:MSFT) shares. The stake peaked in Q4 2023 when Appaloosa held 1.7 million shares that were worth $639 million. Since then, it has been on a downward trend, with the latest stake being worth $33 million.
Microsoft Corporation (NASDAQ:MSFT)’s shares have been among the weakest performers in 2026 as they are down by 22% year-to-date. June was an important month for the firm as it announced a slew of new AI initiatives. These include a new AI model, agents for its Copilot platform and APIs to bring work-specific context to AI agents. Microsoft Corporation (NASDAQ:MSFT) has also collaborated with NVIDIA to announce Windows PCs powered by the latter’s products.
1. UnitedHealth Group Incorporated (NYSE:UNH)
Number of Hedge Fund Holdings in Q1 2026: 130
First Appeared In 13F Holdings: Q4 2010
Latest Stake: $24.3 million
David Tepper’s Appaloosa Management has held a stake in health insurance giant UnitedHealth Group Incorporated (NYSE:UNH)’s shares since the fourth quarter of 2010. It held the shares until the second quarter of 2011. Then, the fund disclosed 300,000 shares for its Q1 2017 holdings. Since then, it has continuously held UnitedHealth Group Incorporated (NYSE:UNH)’s shares. The holdings peaked during Q2 2025 when it held 2.4 million shares, which were worth $764 million. Since then, they have dropped, and the latest stake is worth $24.3 million.
Investment bank JPMorgan discussed UnitedHealth Group Incorporated (NYSE:UNH)’s shares on June 8th. It raised the share price target to $466 from $420 and kept an Overweight rating on the stock. The coverage came as part of the bank’s update of its healthcare services models, which included a higher valuation.
SGA Global Growth Strategy discussed UnitedHealth Group Incorporated (NYSE:UNH) in its Q1 2026 investor letter:
“Our position in UnitedHealth Group Incorporated (NYSE:UNH) was based on our view that the company would deliver durable growth due to its ability to manage the rising healthcare costs given its scale advantages. We viewed the business as having strong pricing power given its vertical integration with Optum, which gave them good tools to manage medical costs, as well as the ability to raise premiums annually. The privatization of government-funded senior health plans, Medicare Advantage, provided a growth opportunity. Over 2025 the stock suffered due to execution missteps which were exacerbated by government payment cuts to Medicare Advantage programs which were initiated under the Biden administration. Despite these issues we held on to the position under the expectation that they would be able to re-price their health insurance policies in the following year, and that execution would improve with the return of Stephen Hemsley as CEO. We had also thought that a change in administration would be beneficial for the company given Republican’s historical support of Medicare privatization. However, when the CMS released their preliminary rate for 2027 this quarter of just 0.1%, we, and the market, were disappointed. While the final rate has since been revised higher to 2.5%, this is still below the mid-single digit rate expectations and cost inflation trends. Additionally, in the latest communication, while the company was able to re-price most of its insurance businesses, the greater than expected membership losses as well as the slower profitability improvement at Optum were disappointing, indicating a more mature Medicare Advantage market and increased competition. Given these developments we decided to exit the position and re-allocate the capital into higher conviction growth opportunities. The company has since been removed from the Qualified Company List.”
While we acknowledge the potential of UNH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UNH and that has 100x upside potential, check out our report about the cheapest AI stock.
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