Billionaire David Tepper Just Sold Out of Intel and Piled Into This Consumer Goods Giant That's Been Hit By Tariffs

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Billy Duberstein, The Motley FoolMon, November 17, 2025 at 9:25 AM GMT+1 6 min readDavid Tepper's Appaloosa Management had an active third quarter.The management firm cashed out several of its big tech winners and placed a bet on out-of-favor consumer discretionary stocks.His biggest buy was a well-known appliance manufacturer down 75% from its highs.10 stocks we like better than Whirlpool ›It's that time of the quarter when hedge funds file their 13F documents. 13F filings reveal the buys and sells of major SEC-registered hedge funds during the prior quarter, providing insight into the thinking of these big-time investors.One of the most prominent names in the hedge fund world is David Tepper of Appaloosa Management, a renowned value investor with a long track record of outperformance, who's also the current owner of the Carolina Panthers.Tepper made some interesting moves last quarter, trimming several AI and technology-related stocks while adding to beaten-down consumer names, the biggest of which was appliance giant Whirlpool (NYSE: WHR). Whirlpool is now even cheaper today than it was when Tepper bought it, so investors may want to dig into this story further.Image source: Getty Images.Notably, Tepper trimmed many of his technology sector positions in Q3, and completely sold out of both Intel (NASDAQ: INTC) and Oracle (NYSE: ORCL). Intel rocketed about 50% higher in the third quarter after both the U.S. government and Nvidia invested in the chipmaker, which is embarking on an ambitious turnaround. Oracle stock surged by some 40% after its September earnings report, when it announced a significant increase to its cloud backlog.Tepper decided to book profits in these names while also trimming most of his other AI technology stocks during the quarter, including several of the Magnificent Seven and his basket of Chinese tech stocks.It's no surprise to see Tepper take some chips off the table, as the AI tech sector has been a tremendous winner this year, culminating in a big spike in September. That's likely when Tepper decided to cash in these tech holdings and rotate into other beaten-down parts of the market.With the technology winnings, Tepper bought up several beaten-down consumer discretionary stocks, with laundry machine and refrigerator giant Whirlpool being the largest purchase. In fact, Whirlpool went from zero to becoming Tepper's third-largest holding, at 5.85% of the Appaloosa portfolio.Whirlpool has seen its stock decline a whopping 75% from its 2021 highs and is down 40% on the year. Tepper likely sees value in the beaten-down stock price, and perhaps anticipates improvement in earnings on the horizon.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,799.00 +43.75 (+0.65%)Dow Futures47,335.00 +106.00 (+0.22%)Nasdaq Futures25,356.50 +262.50 (+1.05%)Russell 2000 Futures2,404.70 +8.70 (+0.36%)VIX19.58 -0.25 (-1.26%)Gold4,079.00 -15.20 (-0.37%)PortfolioSign in to access your portfolioSign inTop gainersCDTX Cidara Therapeutics, Inc. 217.71 +111.72 (+105.41%)SRRK Scholar Rock Holding Corporation 37.41 +7.34 (+24.41%)AVDL Avadel Pharmaceuticals plc 23.56 +4.32 (+22.45%)LGN Legence Corp. 40.27 +6.95 (+20.86%)CSIQ Canadian Solar Inc. 33.58 +4.96 (+17.33%)Top losersNFLX Netflix, Inc. 111.22 -1,043.01 (-90.36%)DGNX Diginex Limited 10.53 -2.97 (-22.00%)STUB StubHub Holdings, Inc. 14.87 -3.95 (-20.99%)HTFL Heartflow, Inc. 27.98 -2.96 (-9.57%)EOSE Eos Energy Enterprises, Inc. 13.80 -1.40 (-9.24%)Most activeNVDA NVIDIA Corporation 190.17 +3.31 (+1.77%)ONDS Ondas Holdings Inc. 7.18 +0.62 (+9.45%)OPEN Opendoor Technologies Inc. 8.12 -0.44 (-5.14%)TSLA Tesla, Inc. 404.35 +2.36 (+0.59%)PFE Pfizer Inc. 25.06 -0.73 (-2.83%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 95,061.10 -758.82 (-0.79%)GOOG Alphabet Inc. 276.98 -2.14 (-0.77%)NFLX Netflix, Inc. 111.22 -1,043.01 (-90.36%)GOOGL Alphabet Inc. 276.41 -2.16 (-0.78%)ETH-USD Ethereum USD 3,187.77 -11.34 (-0.35%)Top economic events