Billionaire David Tepper’s Top 5 Stock Picks Value: $527,934,000 Number of Hedge Fund Holders: 66 PG&E ranks 5th on the list of billionaire David Tepper’s Appaloosa Management’s top picks. However, the fund slashed its stake in the company by 48% in the fourth quarter. PG&E, which is up 63% over the last 12 months, is also on the portfolio of billionaire Dan Loeb. Around 66 hedge funds tracked by Insider Monkey reported owning stakes in the company at the end of the fourth quarter, down from 76 funds a quarter earlier. Published on March 17, 2021 at 11:27 am by Inan Dogan, PhD Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He launched his hedge fund in 1956 with $105,100 in seed capital. Back then they weren’t called hedge funds, they were called “partnerships”. Warren Buffett took 25% of all returns in excess of 6 percent.