David Tepper Offloads Banking Stocks in Q4 Amid a Wider Selloff; Boosts Stakes in Micron, Meta, and Microsoft

[https://www.ibtimes.co.uk/david-tepper-appaloosa-q4-portfolio-shifts-1780458](https://www.ibtimes.co.uk/david-tepper-appaloosa-q4-portfolio-shifts-1780458)

In Q4, Tepper's hedge fund completely offloaded multiple regional US banking stocks, including Zions Bancorporation, Western Alliance Bancorp, Truist Financial, KeyCorp, Comerica, Citizens Financial Group, as well as fintech provider Fiserv Inc.

Banking stocks worldwide were rattled on Friday after fears of bad US loans and lending practices spilled over into equity markets. The fears intensified after Zions and Western Alliance disclosed bad loans. The concern builds on existing unease over lending following the bankruptcy of two auto-related firms this year.

Appaloosa also reduced its stake in Amazon, Nvidia, Qualcomm, Uber, Advanced Micro Devices, as well as multiple US defense stocks and Chinese companies like Baidu and Alibaba Group in a major reshuffle.

Alibaba faces mounting challenges as Q2 net income fell 53% year-over-year to $2.90 billion due to aggressive AI and quick-commerce spending. Even factors like Pentagon scrutiny, regulatory risks, and margin compression from stiff competition likely drove Tepper to reduce China exposure.