Billionaire David Tepper Rebalances AI Portfolio: Dumps Alibaba, Meta, Alphabet While Quadrupling Nvidia Stake

Hedge fund titan David Tepper executed a dramatic reshuffling of AI-related holdings in Q2 2025, according to Appaloosa Management's latest 13F filing. The billionaire slashed positions in three tech giants while making an audacious bet on Nvidia's continued AI dominance.

Tepper's most striking move was a 483% increase in Nvidia shares, purchasing 1.45 million additional shares to elevate NVDA to Appaloosa's seventh-largest position. This aggressive accumulation comes despite Nvidia's trillion-dollar valuation, signaling conviction in the chipmaker's AI infrastructure leadership.

Conversely, the fund reduced exposure to Chinese e-commerce giant Alibaba by 23.4%, though BABA retains its top position in the portfolio. Meta Platforms saw a 27.3% reduction, while Alphabet positions were trimmed by 25.4% - yet both remain top-ten holdings.