Appaloosa Takes $107.3 Million CoreWeave Stake as Tepper Deepens AI Infrastructure Bet
Updated
Updated · Benzinga · Aug 17
Appaloosa Takes $107.3 Million CoreWeave Stake as Tepper Deepens AI Infrastructure Bet
3 articles · Updated · Benzinga · Aug 17
Summary
$107.3 million went into a new CoreWeave position in Appaloosa Management’s Q2 13F, marking David Tepper’s latest push beyond AI chipmakers into cloud infrastructure.
The filing also showed larger stakes in Nvidia, TSMC, Amazon, Alphabet and Meta, plus a new Broadcom position, pointing to a broader focus on the computing backbone behind generative AI.
Appaloosa funded part of that shift by trimming AMD and Micron and exiting Microsoft, Corning and Sandisk, while the disclosed portfolio narrowed to 27 holdings from 31.
Portfolio value still climbed to about $7.7 billion from $5.9 billion as of June 30, though 13F filings do not show any trading changes made after the quarter ended.