# What Does Tepper Know? — Positioning Dossier (the 40% cash question)

**Verdict.** **His 2007 playbook, not a top call:** +32% H1 being long the AI epicenter while holding ~40% cash. His bearish public calls miss 8/10 times; his cash-while-long positioning preceded his greatest trade. The stark divergence: Tepper 40% cash vs BofA FMS 3.9%.

Full published report: https://tepper-dossier.us-east-1.gists.org