David Tepper's Appaloosa Management significantly increased its investment in Meta Platforms during the second quarter of 2026. The fund added over 238,000 shares, boosting its total holdings by nearly 55% to 675,000 shares. The total reported value of the stake grew to approximately $380.2 million as of the reporting date.
This trade was disclosed in a quarterly 13F filing, which reports positions held as of June 30, 2026, and does not reflect trading activity since that date. The move was part of a broader portfolio adjustment where Tepper also increased positions in other major tech names like Amazon and Alphabet, while trimming a large, profitable stake in memory-chip maker Micron. Analysts noted the Meta purchase aligns with a focus on large-cap tech companies effectively monetizing AI infrastructure.