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Appaloosa

David Tepper·event-driven·Concentrated / activist
Accredited only

~~high teens since 1993

Portfolio value

$5.9B

Positions

31

Top 5 concentration

48%

New buys this quarter

1

Recent moves vs Dec 2025

$SNDKNew buy3%
$AMZNAdded15.2%
$UBERAdded7.7%
$TSMAdded7.6%
$VSTAdded5.1%
$EWYAdded5%
$NRGAdded4.3%
$BIDUAdded1.3%
$BABATrimmed7.3%
$NVDATrimmed4.3%
$METATrimmed4.2%
$GLWTrimmed2.6%
$WHRTrimmed1.8%
$PDDTrimmed1.5%
$LRCXTrimmed1.4%
$LHXTrimmed1.2%
$RTXTrimmed1.1%
$ASMLTrimmed1.1%
$QCOMTrimmed1.1%
$BALLTrimmed0.8%
$AMDTrimmed0.8%
$JDTrimmed0.7%
$LYFTTrimmed0.6%
$MSFTTrimmed0.6%
$KWEBTrimmed0.5%
$ETTrimmed0.5%
$MPLXTrimmed0.5%
$UNHTrimmed0.4%
$DBTrimmed0.1%
$DALSold out
$FXISold out
$GTSold out
$MHKSold out
$OCSold out
$UALSold out
$IQVSold out
$AALSold out

Holdings

StockMove% of portfolioValue
$AMZN

AMAZON COM INC

Added
15.2%
$900M
$MU

MICRON TECHNOLOGY INC

Held
9.5%
$563M
$GOOG

ALPHABET INC

Held
8.4%
$497M
$UBER

UBER TECHNOLOGIES INC

Added
7.7%
$456M
$TSM

TAIWAN SEMICONDUCTOR MANUFAC

Added
7.6%
$449M
$BABA

ALIBABA GROUP HLDG LTD

Trimmed
7.3%
$435M
$VST

VISTRA CORP

Added
5.1%
$304M
$EWY

ISHARES INC

Added
5%
$295M
$NVDA

NVIDIA CORPORATION

Trimmed
4.3%
$257M
$NRG

NRG ENERGY INC

Added
4.3%
$253M
$META

META PLATFORMS INC

Trimmed
4.2%
$250M
$SNDK

SANDISK CORP

New buy
3%
$179M
$GLW

CORNING INC

Trimmed
2.6%
$154M
$WHR

WHIRLPOOL CORP

Trimmed
1.8%
$105M
$PDD

PDD HOLDINGS INC

Trimmed
1.5%
$92M
$LRCX

LAM RESEARCH CORP

Trimmed
1.4%
$82M
$BIDU

BAIDU INC

Added
1.3%
$77M
$LHX

L3HARRIS TECHNOLOGIES INC

Trimmed
1.2%
$68M
$RTX

RTX CORPORATION

Trimmed
1.1%
$66M
$ASML

ASML HLDG NV

Trimmed
1.1%
$65M
$QCOM

QUALCOMM INC

Trimmed
1.1%
$64M
$BALL

BALL CORP

Trimmed
0.8%
$49M
$AMD

ADVANCED MICRO DEVICES INC

Trimmed
0.8%
$45M
$JD

JD.COM INC

Trimmed
0.7%
$39M
$LYFT

LYFT INC

Trimmed
0.6%
$36M
$MSFT

MICROSOFT CORP

Trimmed
0.6%
$33M
$KWEB

KRANESHARES TRUST

Trimmed
0.5%
$31M
$ET

ENERGY TRANSFER L P

Trimmed
0.5%
$30M
$MPLX

MPLX LP

Trimmed
0.5%
$29M
$UNH

UNITEDHEALTH GROUP INC

Trimmed
0.4%
$24M
$DB

DEUTSCHE BK AG

Trimmed
0.1%
$8M

Notable sell-outs this quarter: $DAL, $FXI, $GT, $MHK, $OC, $UAL, $IQV, $AAL

Source: SEC 13F via FMP · Mar 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.