David Tepper · 13F portfolio
Appaloosa’s portfolio
David Tepper’s investment firm, known for large, contrarian bets. From the 13F reports it has filed with the SEC since Q2 2013.
Portfolio value · June 30, 2026
$7.47B+25.9% vs Q1 2026
25 holdings, reported August 14, 2026: 45 days after the quarter end.
Five largest holdings
Changes in Q2 202657.7%
of the portfolio: Amazon, Micron Technology, Taiwan Semiconductor Manufacturing, Alphabet, Uber
6 New11 Added5 Reduced12 Sold out
Biggest move: Micron Technology, reduced, ≈ −$796M
Options, apart from the value$254M
Puts on Apple, Berkshire Hathaway
Value on June 30, 2013
$6.92B
53 quarterly reports in all
Report for Q2 2026, filed August 14, 2026: the filing on EDGAR.
NewAddedUnchangedReduced
What changed in Q2 2026
Against the report for Q1 2026. Share counts are compared on the same basis after stock splits. Amounts are approximate: the change in shares times the price at the quarter end (for a position sold out, its value at the end of Q1 2026).
| Company | Move | Shares bought or sold | Change | ≈ Amount | Shares now |
|---|---|---|---|---|---|
 Micron Technology MU | Reduced | −690,000 | −41.4% | −$796M | 975,000 |
| Sandisk | Sold out | −281,250 | −100.0% | −$179M | — |
 Boeing BA | New | +800,000 | new | +$173M | 800,000 |
 Amazon AMZN | Added | +680,000 | +15.7% | +$162M | 5,000,000 |
| Taiwan Semiconductor Manufacturing TSM ADR | Added | +322,500 | +24.3% | +$154M | 1,650,000 |
 Corning GLW | Sold out | −1,129,500 | −100.0% | −$154M | — |
| Alibaba Group Holding BABA ADR | Reduced | −1,465,000 | −42.3% | −$141M | 2,000,000 |
| American Airlines Group AAL | New | +7,500,000 | new | +$136M | 7,500,000 |
 Meta Platforms META Class A | Added | +238,500 | +54.6% | +$134M | 675,000 |
| Coreweave CRWV Class A | New | +1,078,248 | new | +$107M | 1,078,248 |
 Uber UBER | Added | +1,361,351 | +21.5% | +$98.2M | 7,694,071 |
| PDD Holdings PDD ADR | Sold out | −900,000 | −100.0% | −$92M | — |
| Baidu BIDU ADR | Added | +602,900 | +87.1% | +$68.9M | 1,295,000 |
 L3Harris LHX | Sold out | −198,000 | −100.0% | −$68.3M | — |
 RTX RTX | Sold out | −342,000 | −100.0% | −$66M | — |
 Broadcom AVGO | New | +150,000 | new | +$56.7M | 150,000 |
 Ball BALL | Sold out | −837,000 | −100.0% | −$49.5M | — |
| Whirlpool WHR | Reduced | −1,235,000 | −63.3% | −$48.7M | 715,000 |
 Qualcomm QCOM | Reduced | −248,613 | −49.9% | −$45.9M | 250,000 |
 Alphabet GOOG Class C | Added | +117,300 | +6.8% | +$41.4M | 1,850,000 |
| Jd.com JD ADR | Sold out | −1,305,000 | −100.0% | −$38.6M | — |
| Space Exploration Techn SPCX Class A | New | +225,000 | new | +$38.4M | 225,000 |
| LYFT LYFT Class A | Sold out | −2,700,000 | −100.0% | −$35.9M | — |
 Microsoft MSFT | Sold out | −90,000 | −100.0% | −$33.3M | — |
| Kraneshares Trust KWEB | Sold out | −1,080,000 | −100.0% | −$30.7M | — |
| Vistra | Added | +192,940 | +9.5% | +$30.6M | 2,215,272 |
| UnitedHealth Group | Sold out | −90,000 | −100.0% | −$24.4M | — |
 Advanced Micro Devices AMD | Reduced | −23,900 | −10.8% | −$13.9M | 197,500 |
| Nvidia | Added | +53,500 | +3.6% | +$10.7M | 1,525,000 |
| Goodyear Tire & Rubr GT | New | +1,508,591 | new | +$9.96M | 1,508,591 |
| Deutsche BK DB | Sold out | −257,616 | −100.0% | −$7.67M | — |
| iShares MSCI STH Kor ETF EWY | Added | +25,000 | +1.0% | +$5.05M | 2,425,000 |
 NRG Energy NRG | Added | +25,558 | +1.5% | +$3.73M | 1,760,000 |
| Asml Holding ASML | Added | +500 | +1.0% | +$995K | 50,000 |
All holdings on June 30, 2026
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Amazon AMZN | 5,000,000 | $1.19B | 16.0% | +15.7% |
| 2 | Micron Technology MU | 975,000 | $1.13B | 15.1% | −41.4% |
| 3 | Taiwan Semiconductor Manufacturing TSM ADR | 1,650,000 | $788M | 10.5% | +24.3% |
| 4 | Alphabet GOOG Class C | 1,850,000 | $654M | 8.7% | +6.8% |
| 5 | Uber UBER | 7,694,071 | $555M | 7.4% | +21.5% |
| 6 | iShares MSCI STH Kor ETF EWY | 2,425,000 | $490M | 6.6% | +1.0% |
| 7 | Meta Platforms META Class A | 675,000 | $380M | 5.1% | +54.6% |
| 8 | Vistra | 2,215,272 | $351M | 4.7% | +9.5% |
| 9 | Nvidia | 1,525,000 | $305M | 4.1% | +3.6% |
| 10 | NRG Energy NRG | 1,760,000 | $257M | 3.4% | +1.5% |
| 11 | Alibaba Group Holding BABA ADR | 2,000,000 | $192M | 2.6% | −42.3% |
| 12 | Boeing BA | 800,000 | $173M | 2.3% | new |
| 13 |  Lam Research LRCX | 382,500 | $166M | 2.2% | — |
| 14 | Baidu BIDU ADR | 1,295,000 | $148M | 2.0% | +87.1% |
| 15 | American Airlines Group AAL | 7,500,000 | $136M | 1.8% | new |
| 16 | Advanced Micro Devices AMD | 197,500 | $115M | 1.5% | −10.8% |
| 17 | Coreweave CRWV Class A | 1,078,248 | $107M | 1.4% | new |
| 18 | Asml Holding ASML | 50,000 | $99.5M | 1.3% | +1.0% |
| 19 | Broadcom AVGO | 150,000 | $56.7M | 0.8% | new |
| 20 | Qualcomm QCOM | 250,000 | $46.2M | 0.6% | −49.9% |
| 21 | Space Exploration Techn SPCX Class A | 225,000 | $38.4M | 0.5% | new |
| 22 | Energy Transfer ET | 1,576,125 | $30.1M | 0.4% | — |
| 23 | MPLX MPLX units | 502,460 | $28.3M | 0.4% | — |
| 24 | Whirlpool WHR | 715,000 | $28.2M | 0.4% | −63.3% |
| 25 | Goodyear Tire & Rubr GT | 1,508,591 | $9.96M | 0.1% | new |
Options on June 30, 2026
Puts and calls are reported at the value of the shares they cover, which says little about what they cost or are worth, so they are not counted in the portfolio value.
| Underlying | Kind | Shares covered | Value of those shares | Change in shares |
|---|---|---|---|---|
 Apple AAPL | Put | 835,000 | $242M | new |
| Berkshire Hathaway | Put | 25,000 | $12.5M | new |
Names link to a company page where this site has one (S&P 500 companies, with their financials from SEC filings). ◆ a position kept confidential at first and reported later. Principal amounts (notes and bonds) are marked “principal”.
Portfolio value by quarter
The market value of the holdings in every report since Q2 2013: $6.92B then, $7.47B on June 30, 2026. It rises and falls with prices as much as with buying and selling.
Every quarter in numbers
| Quarter end | Value | Holdings | Largest holding | Filed |
|---|---|---|---|---|
| Jun 30, 2026 | $7.47B | 25 | Amazon 16.0% | Aug 14, 2026 |
| Mar 31, 2026 | $5.93B | 31 | Amazon 15.2% | May 15, 2026 |
| Dec 31, 2025 | $6.85B | 38 | Alibaba Group Holding 11.0% | Feb 17, 2026 |
| Sep 30, 2025 | $7.38B | 45 | Alibaba Group Holding 15.6% | Nov 13, 2025 |
| Jun 30, 2025 | $6.45B | 38 | Alibaba Group Holding 12.4% | Aug 14, 2025 |
| Mar 31, 2025 | $5.57B | 35 | Alibaba Group Holding 21.9% | May 15, 2025 |
| Dec 31, 2024 | $6.46B | 37 | Alibaba Group Holding 15.5% | Feb 10, 2025 |
| Sep 30, 2024 | $6.73B | 38 | Alibaba Group Holding 15.8% | Nov 14, 2024 |
| Jun 30, 2024 | $6.18B | 37 | Alibaba Group Holding 12.2% | Aug 14, 2024 |
| Mar 31, 2024 | $6.69B | 38 | Alibaba Group Holding 12.2% | May 15, 2024 |
| Dec 31, 2023 | $5.66B | 39 | Meta Platforms 11.6% | Feb 14, 2024 |
| Sep 30, 2023 | $5.07B | 32 | Meta Platforms 11.6% | Nov 14, 2023 |
| Jun 30, 2023 | $5.39B | 39 | Nvidia 8.0% | Aug 14, 2023 |
| Mar 31, 2023 | $1.85B | 28 | Alphabet 11.9% | May 15, 2023 |
| Dec 31, 2022 | $1.35B | 24 | Constellation Energy 15.3% | Feb 14, 2023 |
| Sep 30, 2022 | $1.36B | 22 | Constellation Energy 16.1% | Nov 14, 2022 |
| Jun 30, 2022 | $1.59B | 30 | Alphabet 13.7% | Aug 15, 2022 |
| Mar 31, 2022 | $2.5B | 34 | Alphabet 13.3% | May 16, 2022 |
| Dec 31, 2021 | $3.89B | 44 | Alphabet 10.0% | Feb 14, 2022 |
| Sep 30, 2021 | $4.2B | 51 | Alphabet 9.3% | Nov 15, 2021 |
| Jun 30, 2021 | $4.83B | 54 | Micron Technology 9.9% | Aug 16, 2021 |
| Mar 31, 2021 | $6.96B | 62 | Micron Technology 9.2% | May 17, 2021 |
| Dec 31, 2020 | $6.69B | 45 | T-Mobile US 9.9% | Feb 16, 2021 |
| Sep 30, 2020 | $5.66B | 32 | PG&E 13.4% | Nov 16, 2020 |
| Jun 30, 2020 | $5.76B | 37 | Alibaba Group Holding 12.6% | Aug 14, 2020 |
| Mar 31, 2020 | $3.27B | 31 | Amazon 14.9% | May 15, 2020 |
| Dec 31, 2019 | $3.98B | 23 | Alphabet 14.8% | Feb 14, 2020 |
| Sep 30, 2019 | $3.41B | 25 | Alphabet 15.9% | Nov 14, 2019 |
| Jun 30, 2019 | $2.38B | 24 | PG&E 16.2% | Aug 14, 2019 |
| Mar 31, 2019 | $3.43B | 23 | Micron Technology 23.2% | May 15, 2019 |
| Dec 31, 2018 | $2.02B | 23 | Micron Technology 25.1% | Feb 14, 2019 |
| Sep 30, 2018 | $5.69B | 37 | Micron Technology 28.6% | Nov 14, 2018 |
| Jun 30, 2018 | $8.74B | 48 | Micron Technology 24.3% | Aug 14, 2018 |
| Mar 31, 2018 | $9.72B | 53 | Micron Technology 19.0% | May 15, 2018 |
| Dec 31, 2017 | $10.5B | 47 | Micron Technology 10.8% | Feb 14, 2018 |
| Sep 30, 2017 | $6.91B | 47 | Micron Technology 9.7% | Nov 14, 2017 |
| Jun 30, 2017 | $6.74B | 57 | Allergan 9.1% | Aug 14, 2017 |
| Mar 31, 2017 | $5.73B | 52 | Allergan 12.2% | May 12, 2017 |
| Dec 31, 2016 | $5.42B | 53 | Allergan 16.5% | Feb 14, 2017 |
| Sep 30, 2016 | $3.86B | 41 | Energy Transfer Prtnrs 11.1% | Nov 14, 2016 |
| Jun 30, 2016 | $3.8B | 37 | Alphabet 11.5% | Aug 12, 2016 |
| Mar 31, 2016 | $4.99B | 47 | Energy Transfer Prtnrs 10.5% | May 13, 2016 |
| Dec 31, 2015 | $4.4B | 51 | General Motors 9.7% | Feb 12, 2016 |
| Sep 30, 2015 | $2.82B | 32 | General Motors 13.7% | Nov 13, 2015 |
| Jun 30, 2015 | $4.04B | 34 | General Motors 15.5% | Aug 14, 2015 |
| Mar 31, 2015 | $4.22B | 34 | General Motors 13.6% | May 15, 2015 |
| Dec 31, 2014 | $4.05B | 28 | General Motors 12.7% | Feb 13, 2015 |
| Sep 30, 2014 | $6.79B | 42 | General Motors 7.0% | Nov 14, 2014 |
| Jun 30, 2014 | $7.15B | 50 | American Airlines Group 7.0% | Aug 14, 2014 |
| Mar 31, 2014 | $7.5B | 56 | State Street SPDR S&P 500 ETF 12.0% | May 15, 2014 |
| Dec 31, 2013 | $7.97B | 67 | State Street SPDR S&P 500 ETF 26.4% | Feb 14, 2014 |
| Sep 30, 2013 | $6.23B | 62 | State Street SPDR S&P 500 ETF 10.3% | Nov 14, 2013 |
| Jun 30, 2013 | $6.92B | 68 | State Street SPDR S&P 500 ETF 18.9% | Aug 13, 2013 |
Today’s largest holdings over time
The weight of each of the five largest holdings on June 30, 2026, quarter by quarter. A gap means it was not held then.
Amazon AMZNMicron Technology MUTaiwan Semiconductor Manufacturing TSMAlphabet GOOGUber UBER
Other investors
Berkshire HathawayWarren Buffett$299BQ2 2026
Pershing SquareBill Ackman$19.5BQ2 2026
Baupost GroupSeth Klarman$5.42BQ2 2026
Himalaya CapitalLi Lu$3.7BQ2 2026
Duquesne Family OfficeStanley Druckenmiller$4.35BQ2 2026
Gates Foundation TrustGates Foundation$34.4BQ2 2026
Scion Asset ManagementMichael Burry$68.1MQ3 2025 No reports since Q3 2025
How these numbers are made
- Source: Form 13F-HR reports and their amendments (13F-HR/A) on SEC EDGAR. Holdings are read from the XML information tables of the reports. Those exist from the quarter to June 30, 2013; older reports are plain text and are not used here.
- Values were reported in thousands of dollars until the SEC’s change of January 3, 2023, and in dollars since; all are shown in dollars. Each report is checked by its value per share.
- A stock often takes several lines of a report, one per subsidiary or adviser that holds it. The lines are added up by CUSIP, the security’s identifier; options are kept apart.
- Amendments are applied in the order they were filed: a restatement replaces the quarter’s report, “new holdings” adds positions that had been kept confidential.
- Moves compare every holding with the previous report. After a stock split the earlier share count is converted to the new basis (splits of S&P 500 companies from their SEC filings, others from the value per share). The dollar amount of a move is the change in shares times the quarter-end price, so it only approximates what was paid or received.
- A stock whose CUSIP changes (after a merger or a reorganization) shows as sold under the old CUSIP and bought under the new one.
- Tickers come from the SEC’s fail-to-deliver data. A holding links to a company page here only when its CUSIP belongs to that S&P 500 company.
- Reports filed by Appaloosa LP (CIK 0001656456) for Q1 2016 – Q2 2026; APPALOOSA MANAGEMENT LP (CIK 0001006438) for Q2 2013 – Q4 2015.
- Checked every night. Reports are due 45 days after each quarter ends: in mid-February, May, August and November.
- Not investment advice: by the time a 13F is public the position may be gone, and it is only part of what the investor owns.
Source: SEC EDGAR, Form 13F reports of Appaloosa LP and APPALOOSA MANAGEMENT LP; tickers from the SEC’s fail-to-deliver data.