Billionaire David Tepper’s Investment Strategy and 5 Favorite Stocks

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

Appaloosa Management’s Q1 2023 Investment: $190 million

Share Price Gains Since March 2023: 35%

Uber Technologies, Inc. (NYSE:UBER) is a ride sharing platform that allows users to connect with drivers. Its shares are up by a whopping 102% over the past twelve months, and since March, they have added 35% to their value.

Appaloosa Management owned six million Uber Technologies, Inc. (NYSE:UBER) shares during this year’s first quarter, allowing it to own a $190 million stake. Overall, out of the 943 hedge funds part of Insider Monkey’s database 144 had owned the firm’s shares during the same time period. Uber Technologies, Inc. (NYSE:UBER)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management with its $658 million investment.

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