Billionaire Investor David Tepper Has 32% of His Portfolio Invested in These 3 Incredible Artificial Intelligence (AI) Growth Stocks
Billionaire David Tepper is one of the most successful hedge fund managers on Wall Street. He founded Appaloosa Management in 1993 and eventually became a self-made billionaire. Over the last few years, he's returned much of his clients' funds, so Appaloosa is now primarily his own personal capital.
Since Appaloosa is technically an institutional investor, investing on behalf of others, it's required to file form 13F with the Securities and Exchange Commission every quarter when it holds more than $100 million in assets. Appaloosa ended 2023 with $5.8 billion in assets under management.
Thanks to those public filings, we can get a glimpse at exactly how Tepper invests his money. And he's betting big on three artificial intelligence (AI) stocks in 2024. Nearly one-third of his portfolio is tied up in these companies.
Source Fool.com
