David Tepper
Appaloosa Management
- Portfolio value
- $7,725,383,349
- Stocks
- 27
- Period
- Q2 2026
- Filed
- 14 Aug 2026
Distressed debt and high-conviction equity across macro cycles.
✦
Cut Alibaba Group Holding-Sp Adr 42.3%, added 87% to Baidu Inc - Spon Adr and opened 7 new positions, the largest AAPL at 3.1%. Technology is still the biggest weight in the book at 44.8%. The top five names are 56% of it.
Sector exposure
Technology
44.8%
Consumer Cyclical
17.9%
Communication Services
15.3%
Unknown
9.4%
Utilities
7.9%
Industrials
4.0%
Energy
0.8%
Concentration
15.4%Largest, AMZN
56%Top 5
79%Top 10
6Positions over 5%
8Under 1%, 3% of the book
Portfolio return
Time-weighted · held at window start
By position
By sector
| Stock | % Portfolio | Recent Activity | Shares | Reported Price | Value | |
|---|---|---|---|---|---|---|
| AMZN — Amazon Com Inc | 15.43% | Add 15.74% | 5,000,000 | $238.34 | $1,191,700,000 | ↗ ◎ |
| MU — Micron Technology Inc | 14.57% | Reduce 41.44% | 975,000 | $1154.29 | $1,125,432,750 | ↗ ◎ |
| TSM — Taiwan Semiconductor-Sp Adr | 10.20% | Add 24.29% | 1,650,000 | $477.57 | $787,990,500 | ↗ ◎ |
| GOOG — Alphabet Inc Cl C | 8.46% | Add 6.77% | 1,850,000 | $353.33 | $653,660,500 | ↗ ◎ |
| UBER — Uber Technologies Inc | 7.19% | Add 21.50% | 7,694,071 | $72.16 | $555,204,163 | ↗ ◎ |
| EWY — Ishares Msci South Korea Etf | 6.34% | Add 1.04% | 2,425,000 | $201.90 | $489,607,500 | ↗ ◎ |
| META — Meta Platforms Inc | 4.92% | Add 54.64% | 675,000 | $563.29 | $380,220,750 | ↗ ◎ |
| VST — Vistra Corp. | 4.55% | Add 9.54% | 2,215,272 | $158.63 | $351,408,597 | ↗ ◎ |
| NVDA — Nvidia Corp | 3.95% | Add 3.64% | 1,525,000 | $200.09 | $305,137,250 | ↗ ◎ |
| NRG — Nrg Energy, Inc. | 3.33% | Add 1.47% | 1,760,000 | $146.06 | $257,065,600 | ↗ ◎ |
| AAPL — Apple Inc | 3.13% | New | 835,000 | $289.36 | $241,615,600 | ↗ ◎ |
| BABA — Alibaba Group Holding-Sp Adr | 2.48% | Reduce 42.28% | 2,000,000 | $95.98 | $191,960,000 | ↗ ◎ |
| BA — Boeing Co/the | 2.24% | New | 800,000 | $216.47 | $173,176,000 | ↗ ◎ |
| LRCX — Lam Research Corp | 2.15% | 382,500 | $433.33 | $165,748,725 | ↗ ◎ | |
| BIDU — Baidu Inc - Spon Adr | 1.92% | Add 87.11% | 1,295,000 | $114.29 | $148,005,550 | ↗ ◎ |
| AAL — American Airlines Group Inc | 1.75% | New | 7,500,000 | $18.07 | $135,525,000 | ↗ ◎ |
| AMD — Advanced Micro Devices | 1.49% | Reduce 10.79% | 197,500 | $580.91 | $114,729,725 | ↗ ◎ |
| CRWV — Coreweave Inc-Cl A | 1.39% | New | 1,078,248 | $99.54 | $107,328,806 | ↗ ◎ |
| ASML HLDG NV | 1.29% | 50,000 | $1989.44 | $99,472,000 | ||
| AVGO — Broadcom Inc | 0.73% | New | 150,000 | $377.75 | $56,662,500 | ↗ ◎ |
| QUALCOMM INC | 0.60% | 250,000 | $184.79 | $46,197,500 | ||
| SPCX — Space Exploration Techn-Cl A | 0.50% | New | 225,000 | $170.86 | $38,443,500 | ↗ ◎ |
| ET — Energy Transfer Lp | 0.39% | 1,576,125 | $19.12 | $30,135,510 | ↗ ◎ | |
| MPLX — Mplx Lp | 0.37% | 502,460 | $56.33 | $28,303,572 | ↗ ◎ | |
| WHIRLPOOL CORP | 0.36% | 715,000 | $39.42 | $28,185,300 | ||
| BRK/B — Berkshire Hathaway Inc-Cl B | 0.16% | New | 25,000 | $500.39 | $12,509,750 | ↗ ◎ |
| GOODYEAR TIRE & RUBR CO | 0.13% | 1,508,591 | $6.60 | $9,956,701 |