Appaloosa Management

[AUM: $7B+ | Distressed/Event-Driven | Value Specialist] [Good] David Tepper's 26.29% 2025 performance. Expert in distressed debt since 1993. Recent Q4 2025 shift to semiconductor concentration: Micron 3x, TSM/Nvidia/ASML holdings. $6.9B portfolio value. [Bad] Concentrated single-manager risk. Distressed strategy depends on market dislocations. Recent bank stock exit signals strategy shift. [Verdict] Legendary distressed investor with proven tactical alpha. Best for accredited investors seeking concentrated high-conviction plays.