Billionaire David Tepper’s Investment Strategy and 5 Favorite Stocks

4. Constellation Energy Corporation (NASDAQ:CEG)

Appaloosa Management’s Q1 2023 Investment: $164 million

Share Price Gains Since March 2023: 19%

Constellation Energy Corporation (NASDAQ:CEG) is a utility company that sells electricity in America. It has an average share price target of $99.67, for some upside over the current share price of $93.60.

53 of the 943 hedge funds polled by Insider Monkey for their first quarter of 2023 shareholdings had invested in Constellation Energy Corporation (NASDAQ:CEG) as of March 2023. Mr. Tepper’s hedge fund had invested $164 million in the company during the same time period, and the company’s biggest shareholder is William B. Gray’s Orbis Investment Management through its $424 million stake.

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