David Tepper Portfolio: Appaloosa 13F Holdings
Managed by David Tepper
Positions as of Q2 2026 (quarter ended Jun 30, 2026), filed with the SEC on Aug 14, 2026.
David Tepper's distressed debt and value fund. Known for contrarian bets on beaten-down sectors and vocal market commentary.
13F holdings as of Jun 30, 2026
Source: Appaloosa Form 13F-HR for Q2 2026, filed Aug 14, 2026, on SEC EDGAR. See our Methodology.
What did Appaloosa buy and sell in Q2 2026?
Compared with its Q1 2026 filing, Appaloosa reported 6 new positions, added to 11, reduced 5 and sold out of 12. Changes are measured in shares, so a position can rise in value without being added to.
New positions
Top 6Added to
Top 6Reduced
Top 5Top 10 holdings and concentration
Q2 2026The ten largest positions make up 81.6% of the $7.47B reported in long positions, led by AMZN at 16.0%.
Sector allocation
Q2 2026Share of the $7.47B reported, by the sector of each stock. 8.4% is in ETFs, funds and securities without a sector on file.
| Sector | Weight | Positions |
|---|---|---|
| Technology | 43.7% | 9 |
| Consumer Discretionary | 19.0% | 4 |
| Communication Services | 15.8% | 3 |
| Utilities | 8.1% | 2 |
| Industrials | 4.1% | 2 |
| Energy | 0.8% | 2 |
Appaloosa 13F holdings, Q2 2026
All 25 positions| # | Company | Shares | Value | Weight | vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | AMZNAMAZON COM INC | 5.00M | $1.19B | 15.95% | +16% |
| 2 | MUMICRON TECHNOLOGY INC | 975K | $1.13B | 15.06% | -41% |
| 3 | TSMTAIWAN SEMICONDUCTOR MANUFAC | 1.65M | $787.99M | 10.55% | +24% |
| 4 | GOOGALPHABET INC | 1.85M | $653.66M | 8.75% | +7% |
| 5 | UBERUBER TECHNOLOGIES INC | 7.69M | $555.20M | 7.43% | +22% |
| 6 | EWYISHARES INC | 2.42M | $489.61M | 6.55% | +1% |
| 7 | METAMETA PLATFORMS INC | 675K | $380.22M | 5.09% | +55% |
| 8 | VSTVISTRA CORP | 2.22M | $351.41M | 4.70% | +10% |
| 9 | NVDANVIDIA CORPORATION | 1.52M | $305.14M | 4.08% | +4% |
| 10 | NRGNRG ENERGY INC | 1.76M | $257.07M | 3.44% | +1% |
| 11 | BABAALIBABA GROUP HLDG LTD | 2.00M | $191.96M | 2.57% | -42% |
| 12 | BABOEING CO | 800K | $173.18M | 2.32% | NEW |
| 13 | LRCXLAM RESEARCH CORP | 383K | $165.75M | 2.22% | – |
| 14 | BIDUBAIDU INC | 1.29M | $148.01M | 1.98% | +87% |
| 15 | AALAMERICAN AIRLINES GROUP INC | 7.50M | $135.53M | 1.81% | NEW |
| 16 | AMDADVANCED MICRO DEVICES INC | 198K | $114.73M | 1.54% | -11% |
| 17 | CRWVCOREWEAVE INC | 1.08M | $107.33M | 1.44% | NEW |
| 18 | N07059210ASML HLDG NV | 50K | $99.47M | 1.33% | +1% |
| 19 | AVGOBROADCOM INC | 150K | $56.66M | 0.76% | NEW |
| 20 | QCOMQUALCOMM INC | 250K | $46.20M | 0.62% | -50% |
| 21 | SPCXSPACE EXPLORATION TECHN CORP | 225K | $38.44M | 0.51% | NEW |
| 22 | ETENERGY TRANSFER L P | 1.58M | $30.14M | 0.40% | – |
| 23 | MPLXMPLX LP | 502K | $28.30M | 0.38% | – |
| 24 | WHRWHIRLPOOL CORP | 715K | $28.19M | 0.38% | -63% |
| 25 | GTGOODYEAR TIRE & RUBR CO | 1.51M | $9.96M | 0.13% | NEW |
Appaloosa portfolio by quarter
4 quarters on fileReported 13F value and position count for each quarter AlphaScala holds for Appaloosa. Value changes include price moves as well as buying and selling. Position changes are shown only where the quarter was compared with the filing before it.
| Quarter | Reported value | Change | Positions | New | Sold out |
|---|---|---|---|---|---|
| Q2 2026 | $7.47B | +25.9% | 25 | 6 | 12 |
| Q1 2026 | $5.93B | -13.4% | 31 | 1 | 8 |
| Q4 2025 | $6.85B | -7.2% | 38 | 2 | 9 |
| Q3 2025 | $7.38B | – | 45 | – | – |
Options (notional value)
2 lines · $254.13M13F filers report listed puts and calls at the value of the underlying shares. These lines are not long stock positions and are left out of the totals and weights above.
| Underlying | Type | Underlying shares | Notional value |
|---|---|---|---|
| AAPLAPPLE INC | PUT | 835K | $241.62M |
| BRK/BBERKSHIRE HATHAWAY INC DEL | PUT | 25K | $12.51M |
Funds with overlapping holdings
Overlap is the sum of the smaller portfolio weight for each stock both funds hold, across Appaloosa's 25 largest positions.
Related data
Data from SEC Form 13F-HR filings, which are due 45 days after quarter end and list long positions in US-listed equities as of that date. Short positions, cash, bonds, non-US holdings and intra-quarter trading are not shown. Listed options are shown separately at notional value. Changes compare the Q2 2026 filing with Q1 2026. Research only – not investment advice.