Billionaire David Tepper’s 2023 Portfolio: Top 5 Stock Picks

In this piece, we will take a look at the top five stock picks in billionaire David Tepper’s 2023 portfolio. For more stocks, head on over to Billionaire David Tepper’s 2023 Portfolio: Top 5 Stock Picks.

5. Meta Platforms, Inc. (NASDAQ:META)

Appaloosa Management’s Q1 2023 Investment: $148.3 million

Meta Platforms, Inc. (NASDAQ:META) is the biggest social media company in the world. Its Facebook and Instagram services are among the largest in the world. Additionally, Facebook also owns the messaging service WhatsApp. The firm was set up in 2004 and is headquartered in Menlo Park, California.

By the end of last year’s fourth quarter, 194 of the 943 hedge funds profiled by Insider Monkey had bought a stake in Meta Platforms, Inc. (NASDAQ:META). The firm’s largest hedge fund investor is Philippe Laffont’s Coatue Management which owns 8 million shares that are worth $1.7 billion.

4. Constellation Energy Corporation (NASDAQ:CEG)

Appaloosa Management’s Q1 2023 Investment: $164 million

Constellation Energy Corporation (NASDAQ:CEG) is a utility firm headquartered in Baltimore, Maryland. The firm has tens of thousands of electricity generation capacity and it provides power all over the U.S.

Insider Monkey’s December quarter of 2022 survey of 943 hedge funds revealed that 51 had invested in the electricity provider. Constellation Energy Corporation (NASDAQ:CEG)’s largest investor as of March 2023 is William B. Gray’s Orbis Investment Management with a $424 million stake.

3. Uber Technologies, Inc. (NYSE:UBER)

Appaloosa Management’s Q1 2023 Investment: $190.2 million

Uber Technologies, Inc. (NYSE:UBER) is a ridesharing service provider that is the first of its kind in its industry. The firm’s primary line of business is connecting riders with drivers, and it also has other business divisions such as a food delivery platform.

As of the fourth quarter of 2022, 135 of the 943 hedge funds studied by Insider Monkey had held a stake in Uber Technologies, Inc. (NYSE:UBER). The firm’s largest shareholder is Ken Fisher’s Fisher Asset Management since it owns 20 million shares that are worth $658 million.

2. Amazon.com, Inc. (NASDAQ:AMZN)

Appaloosa Management’s Q1 2023 Investment: $206.5 million

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer. The firm also has cloud computing, consumer electronics, and satellite internet business divisions. It is headquartered in Seattle, Washington.

Insider Monkey scoured through 943 hedge fund portfolios for their December quarter of 2022 investments and found out that 240 had bought the retailer’s shares. Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor is Ken Fisher’s Fisher Asset Management since it owns 41 million shares that are worth $4.2 billion.

1. Alphabet Inc. (NASDAQ:GOOG)

Appaloosa Management’s Q1 2023 Investment: $219.4 million

Alphabet Inc. (NASDAQ:GOOG) is another technology behemoth. Known best for its search engine Google, the firm also has other businesses such as cloud computing and consumer electronics.

152 of the 943 hedge funds part of Insider Monkey’s database had held a stake in Alphabet Inc. (NASDAQ:GOOG) during Q4 2022. As of March 2023, the largest investor is Ken Fisher’s Fisher Asset Management with a $4.3 billion stake.

Disclosure: None. You can also take a look at Billionaire Ken Fisher’s Top 10 Stock Picks and 12 Best Information Technology Services Stocks to Buy.

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