Appaloosa
David TepperShort Hills, NJfiles as APPALOOSA LP
$7.5bn in 25 US stocks at the end of 30 June 2026. The top 10 are 81.6% of the money. It changed about 21.7% of the portfolio this quarter.
Value
$7.5bn
Stocks
25
Top 10 share
81.6%
Turnover
21.7%
What changed this quarter
New
Bought for the first time this quarter.
- BoeingBA2.3% of the fund
- American Airlines GroupAAL1.8% of the fund
- CoreWeaveCRWV1.4% of the fund
- BroadcomAVGO0.8% of the fund
- Space Exploration TechnologiesSPCX0.5% of the fund
- Goodyear Tire & RubberGT0.1% of the fund
Added
Bought more of a stock they already held.
- Amazon.comAMZN16.0% of the fund+16%
- Taiwan Semiconductor ManufacturingTSM10.5% of the fund+24%
- AlphabetGOOG8.7% of the fund+7%
- Uber TechnologiesUBER7.4% of the fund+22%
- Meta PlatformsMETA5.1% of the fund+55%
- VistraVST4.7% of the fund+10%
- NvidiaNVDA4.1% of the fund+4%
- BaiduBIDU2.0% of the fund+87%
Cut
Sold some of their stake.
- Micron TechnologyMU15.1% of the fund-41%
- Alibaba Group HldgBABA2.6% of the fund-42%
- Advanced Micro DevicesAMD1.5% of the fund-11%
- QualcommQCOM0.6% of the fund-50%
- WhirlpoolWHR0.4% of the fund-63%
Sold out
Sold their entire stake.
- SandiskSNDK-100%
- CorningGLW-100%
- PDD HoldingsPDD-100%
- L3harris TechnologiesLHX-100%
- RTXRTX-100%
- BallBALL-100%
- Jd.comJD-100%
- LyftLYFT-100%
- MicrosoftMSFT-100%
- Kraneshares TrustKWEB-100%
- UnitedHealth GroupUNH-100%
- Deutsche Bank AktiengesellschaftDB-100%
Holdings
- IsharesEWY
- Share
- 6.6%
- Value
- $490m
- Shares
- 2,425,000
Held
- Alibaba Group HldgBABA
- Share
- 2.6%
- Value
- $192m
- Shares
- 2,000,000
-42%
- BaiduBIDU
- Share
- 2.0%
- Value
- $148m
- Shares
- 1,295,000
+87%
- Space Exploration TechnologiesSPCX
- Share
- 0.5%
- Value
- $38m
- Shares
- 225,000
New
- Energy Transfer L PET
- Share
- 0.4%
- Value
- $30m
- Shares
- 1,576,125
Held
- Mplx LPMPLX
- Share
- 0.4%
- Value
- $28m
- Shares
- 502,460
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Amazon.comAMZN | 16.0% | $1.2bn | 5,000,000 | +16% |
| Micron TechnologyMU | 15.1% | $1.1bn | 975,000 | -41% |
| Taiwan Semiconductor ManufacturingTSM | 10.5% | $788m | 1,650,000 | +24% |
| AlphabetGOOG | 8.7% | $654m | 1,850,000 | +7% |
| Uber TechnologiesUBER | 7.4% | $555m | 7,694,071 | +22% |
| IsharesEWY | 6.6% | $490m | 2,425,000 | Held |
| Meta PlatformsMETA | 5.1% | $380m | 675,000 | +55% |
| VistraVST | 4.7% | $351m | 2,215,272 | +10% |
| NvidiaNVDA | 4.1% | $305m | 1,525,000 | +4% |
| NRG EnergyNRG | 3.4% | $257m | 1,760,000 | Held |
| Alibaba Group HldgBABA | 2.6% | $192m | 2,000,000 | -42% |
| BoeingBA | 2.3% | $173m | 800,000 | New |
| Lam ResearchLRCX | 2.2% | $166m | 382,500 | Held |
| BaiduBIDU | 2.0% | $148m | 1,295,000 | +87% |
| American Airlines GroupAAL | 1.8% | $136m | 7,500,000 | New |
| Advanced Micro DevicesAMD | 1.5% | $115m | 197,500 | -11% |
| CoreWeaveCRWV | 1.4% | $107m | 1,078,248 | New |
| ASML Holding NVASML | 1.3% | $99m | 50,000 | Held |
| BroadcomAVGO | 0.8% | $57m | 150,000 | New |
| QualcommQCOM | 0.6% | $46m | 250,000 | -50% |
| Space Exploration TechnologiesSPCX | 0.5% | $38m | 225,000 | New |
| Energy Transfer L PET | 0.4% | $30m | 1,576,125 | Held |
| Mplx LPMPLX | 0.4% | $28m | 502,460 | Held |
| WhirlpoolWHR | 0.4% | $28m | 715,000 | -63% |
| Goodyear Tire & RubberGT | 0.1% | $10m | 1,508,591 | New |
Options (2)
- AppleAAPL
- Type
- Put
- Value
- $242m
- Contracts
- 835,000
- Berkshire HathawayBRK-B
- Type
- Put
- Value
- $13m
- Contracts
- 25,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| AppleAAPL | Put | $242m | 835,000 |
| Berkshire HathawayBRK-B | Put | $13m | 25,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 15.9% since 30 June 2025.
Where the money is
Technology36.8%
Retail & consumer16.3%
Media & telecom13.8%
Industrials12.9%
Utilities8.1%
Materials0.1%
Other11.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.