ETF replication · David Tepper

Which ETF replicates David Tepper's portfolio?

XLK (Technology Select Sector SPDR Fund) has the highest top-10 overlap with David Tepper's Appaloosa Management portfolio — overlap score 217.2 across 2 shared holdings. Below: full ranked list of 5 closest ETFs and per-ticker contribution breakdown.

Data verified 2026-08-14 · based on David Tepper's Q2 2026 13F filing

Closest ETF

XLK

Technology Select Sector SPDR Fund

Overlap score

217.2

2 shared top-10 names

ETF expense ratio

0.09%

annual fee

Top 5 ETFs ranked by overlap

#1XLKTechnology Select Sector SPDR Fund

Overlap score

217.2

Shared top-10 holdings (2):

NVDA 10.2% × 15.28%MSFT 5.9% × 10.4%

#2QQQInvesco QQQ Trust

Overlap score

197.7

Shared top-10 holdings (5):

NVDA 10.2% × 8.17%MSFT 5.9% × 5.77%META 9.1% × 3.37%AMZN 6.4% × 4.05%GOOGL 7.8% × 3.04%

#3SPYSPDR S&P 500 ETF Trust

Overlap score

187.1

Shared top-10 holdings (5):

NVDA 10.2% × 8.19%MSFT 5.9% × 5.57%GOOGL 7.8% × 3.03%AMZN 6.4% × 3.69%META 9.1% × 2.58%

#4VOOVanguard S&P 500 ETF

Overlap score

181.4

Shared top-10 holdings (5):

NVDA 10.2% × 8.08%MSFT 5.9% × 5.7%AMZN 6.4% × 3.84%GOOGL 7.8% × 3.01%META 9.1% × 1.9%

#5VTIVanguard Total Stock Market ETF

Overlap score

158.4

Shared top-10 holdings (5):

NVDA 10.2% × 6.87%MSFT 5.9% × 5.1%AMZN 6.4% × 3.4%GOOGL 7.8% × 2.69%META 9.1% × 1.7%

David Tepper's investment philosophy

Distressed + macro. Go big when the setup is right.

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Deep dive

Reading for your research

Optional background reading on interpreting company disclosures and investing methods. These books do not validate a signal or predict returns.

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Benjamin Graham

The Intelligent Investor

The foundational text. Buffett calls it 'by far the best book about investing ever written.'

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Benjamin Graham & David Dodd

Security Analysis

The deep dive behind The Intelligent Investor — how to actually read a filing and value a business.

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