PORTFOLIO • 13F
Appaloosa LP Portfolio
David Tepper's Appaloosa LP filed its Q2 2026 13F on August 14, reporting 27 positions worth about $7.73 billion. Every figure below comes straight from the filing on EDGAR, with quarter-over-quarter changes measured in share count rather than value.
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IN THIS GUIDE
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Portfolio at a glance
$7.73B
Reported Value
27
Positions
56%
In Top 5
Appaloosa runs a concentrated, long-biased book: 96.7% of reported value is common stock and 3.3% is put options. That composition matters when comparing funds, because a filing dominated by options reports notional value rather than money committed — as one well-known filing demonstrated at roughly a hundred to one. Here the reported figure is close to the economic one.
The book is also genuinely concentrated. The five largest positions carry about 56% of reported value, and the top ten about 79%. Position count fell from 31 to 27 while reported value rose from about $5.93 billion to $7.73 billion.
Full holdings table
All 27 reported positions, largest first. The change column compares share count against the prior quarter, not value.
| Issuer | Type | Value | Shares | Weight | Shares QoQ |
|---|---|---|---|---|---|
| Amazon.com | Stock | $1,191.7M | 5,000,000 | 15.4% | +16% |
| Micron Technology | Stock | $1,125.4M | 975,000 | 14.6% | −41% |
| Taiwan Semiconductor | Stock | $788.0M | 1,650,000 | 10.2% | +24% |
| Alphabet | Stock | $653.7M | 1,850,000 | 8.5% | +7% |
| Uber Technologies | Stock | $555.2M | 7,694,071 | 7.2% | +21% |
| iShares Inc | Stock | $489.6M | 2,425,000 | 6.3% | +1% |
| Meta Platforms | Stock | $380.2M | 675,000 | 4.9% | +55% |
| Vistra | Stock | $351.4M | 2,215,272 | 4.5% | +10% |
| Nvidia | Stock | $305.1M | 1,525,000 | 3.9% | +4% |
| NRG Energy | Stock | $257.1M | 1,760,000 | 3.3% | +1% |
| Apple | Put | $241.6M | 835,000 | 3.1% | New |
| Alibaba Group | Stock | $192.0M | 2,000,000 | 2.5% | −42% |
| Boeing | Stock | $173.2M | 800,000 | 2.2% | New |
| Lam Research | Stock | $165.7M | 382,500 | 2.1% | Unchanged |
| Baidu | Stock | $148.0M | 1,295,000 | 1.9% | +87% |
| American Airlines | Stock | $135.5M | 7,500,000 | 1.8% | New |
| Advanced Micro Devices | Stock | $114.7M | 197,500 | 1.5% | −11% |
| CoreWeave | Stock | $107.3M | 1,078,248 | 1.4% | New |
| ASML Holding | Stock | $99.5M | 50,000 | 1.3% | +1% |
| Broadcom | Stock | $56.7M | 150,000 | 0.7% | New |
| Qualcomm | Stock | $46.2M | 250,000 | 0.6% | −50% |
| Space Exploration Technologies | Stock | $38.4M | 225,000 | 0.5% | New |
| Energy Transfer | Stock | $30.1M | 1,576,125 | 0.4% | Unchanged |
| MPLX | Stock | $28.3M | 502,460 | 0.4% | Unchanged |
| Whirlpool | Stock | $28.2M | 715,000 | 0.4% | −63% |
| Berkshire Hathaway | Put | $12.5M | 25,000 | 0.2% | New |
| Goodyear Tire & Rubber | Stock | $10.0M | 1,508,591 | 0.1% | New |
What changed this quarter
THE LARGEST SINGLE MOVE: MICRON CUT 41%
The Micron position went from roughly 1,650,000 shares to 975,000 — a 41% reduction in share count. It remains the second-largest holding at about $1.13 billion, because the shares appreciated enough over the quarter to mask most of the sale in the value column. Anyone tracking this position by dollar value would barely have registered it.
For context on the backdrop, memory contract price increases decelerated sharply through 2026. We are not claiming the two are connected — the filing gives no reasoning, and 13F data never does.
Added to: Baidu (+87%), Meta (+55%), Taiwan Semiconductor (+24%), Uber (+21%), Amazon (+16%), Vistra (+10%).
Reduced: Whirlpool (−63%), Qualcomm (−50%), Alibaba (−42%), Micron (−41%), AMD (−11%).
NEW POSITIONS
Apple puts ($241.6M notional), Boeing ($173.2M), American Airlines ($135.5M), CoreWeave ($107.3M), Broadcom ($56.7M), Space Exploration Technologies ($38.4M), Berkshire Hathaway puts ($12.5M) and Goodyear ($10.0M).
The SpaceX line is worth a note: the company listed on Nasdaq in June 2026, which is what made it a Section 13(f) security in the first place. A position appearing for the first time can mean a purchase, or that the security only just became reportable. The filing does not distinguish between them.
EXITED ENTIRELY
- —SanDisk ($178.7M)
- —Corning ($153.6M)
- —PDD Holdings ($92.0M)
- —L3Harris Technologies ($68.3M)
- —RTX ($66.0M)
- —Ball ($49.5M)
- —JD.com ($38.6M)
- —Lyft ($35.9M)
- —Microsoft ($33.3M)
- —KraneShares Trust ($30.7M)
- —Deutsche Bank ($7.7M)
How to read these numbers
Three cautions apply to this table, and to every 13F table anywhere.
- —The data is already old. These are positions as of June 30, disclosed on August 14. A position opened in early April was held for four months before you could see it, and may be gone.
- —The two put positions are notional. Apple at $241.6M and Berkshire at $12.5M represent the market value of the underlying shares, not money spent. Their real cost is the premium, which the filing does not disclose.
- —This is not the whole fund. Leverage, short positions, bonds, cash and any non-US-listed holdings are all absent by construction.
One filing-mechanics note, since it trips people up on this manager specifically: the active filer is Appaloosa LP, CIK 0001656456. A separate entity, Appaloosa Management LP under CIK 0001006438, stopped filing after 2015. Pulling the older CIK returns a portfolio that is a decade stale — a common trap when a manager has filed under multiple entities.
Frequently asked questions
What are Appaloosa's largest holdings?
As of the quarter ended June 30, 2026, Appaloosa LP's five largest reported positions were Amazon at about $1.19 billion (15.4% of reported value), Micron Technology at about $1.13 billion (14.6%), Taiwan Semiconductor at about $788 million (10.2%), Alphabet at about $654 million (8.5%) and Uber at about $555 million (7.2%). The top five accounted for roughly 56% of the reported portfolio.
How big is Appaloosa's 13F portfolio?
Appaloosa LP reported 27 positions with a total value of about $7.73 billion in its 13F for the quarter ended June 30, 2026, filed on August 14, 2026. The prior quarter reported 31 positions worth about $5.93 billion. Common stock made up 96.7% of reported value and put options 3.3%.
Did David Tepper sell Micron?
Appaloosa reduced its Micron position by about 41% in share count during the quarter ended June 30, 2026, from roughly 1.65 million shares to 975,000. Because Micron shares appreciated over the period, the reported dollar value fell far less than the share count did — which is why share counts rather than values are the reliable way to detect selling.
What is the CIK for Appaloosa?
The current filer is Appaloosa LP, CIK 0001656456. An older entity, Appaloosa Management LP under CIK 0001006438, stopped filing 13Fs after the quarter ended December 2015. Searching the older CIK returns filings that are a decade out of date, so confirm which entity is active before pulling data.
When does Appaloosa file its next 13F?
The next 13F covering the quarter ending September 30, 2026 is due by November 16, 2026, which is 45 days after quarter end adjusted for the fact that November 14 falls on a Saturday. Appaloosa has historically filed on or close to the deadline.
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