Tepper Cuts 12 Stocks in Q2, Bets Big on Baidu and Micron
David Tepper’s Appaloosa Management completely exited 12 positions in its Q2 2026 13F, including SanDisk, Corning, PDD Holdings, JD.com, L3Harris, and RTX, while trimming Micron but keeping a large stake and adding to Baidu. He also exited his China baskets and defense stocks, signaling a shift toward concentrated, conviction names amid a mixed read on the quarter’s performance. It’s important to remember 13F data reflects positions at a point in time and not current holdings or guarantees of future moves.
