Billionaire Investor David Tepper Sold 56% of His Fund's Stake in Nvidia and Loaded Up on This Market-Beating Transportation Stock Instead

Many sports fans may know David Tepper as the owner of the NFL's Carolina Panthers. But in the investing world, Tepper is considered a legend. Between 1993 and 2019, Tepper's fund, Appaloosa Management, generated compound annual returns of more than 25% per year, net of all fees, according to Institutional Investor. Today, Tepper still runs Appaloosa but as a family office, and he's still arguably one of the most influential investors in the market. In the first quarter of 2025, filings show that Appaloosa more than halved its position in the artificial intelligence (AI) chip giant Nvidia (NASDAQ: NVDA), while loading up on a market-beating transportation stock instead.Like many stocks in 2025, Nvidia has had an up-and-down year. It sold off intensely but then rebounded and is currently down only 2% for the year. Earlier in 2025, there were many concerning events that could have caused investors to press the sell button.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool