Appaloosa (David Tepper) latest 13F portfolio: 31 holdings worth $5.9B as of Q1 2026.
Backtested since 2020: mirroring Appaloosa's reported 13F equity holdings each quarter would have returned +283.0% versus +185.2%for the S&P 500 (+24.1% annualized). See the Performance tab for the full equity curve.
Investor: David Tepper
Number of Assets: 31
Reporting Period: Q1 - 2026
Holdings at Report: $5,933,477,986
Return $ Since Report: +$2,008,808,598
Return % Since Report: +33.86%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Deutsche Bank Aktiengesellschaft (DBK.DE) | Equity | -91.82% | 257,616 | 0.13% | $29.78 | $30.96 | $7,671,804 | $7,974,503 | +$302,699 | +3.95% |
| Advanced Micro Devices Inc. (AMD) | Equity | -31.88% | 221,400 | 0.76% | $203.43 | $484.63 | $45,039,402 | $107,297,082 | +$62,257,680 | +138.23% |
| Alphabet Inc. (GOOG) | Equity | -3.03% | 1,732,700 | 8.38% | $286.86 | $376.01 | $497,042,322 | $651,512,527 | +$154,470,205 | +31.08% |
| Amazon.com Inc. (AMZN) | Equity | +98.22% | 4,320,000 | 15.16% | $208.27 | $274.96 | $899,726,400 | $1,187,827,200 | +$288,100,800 | +32.02% |
| ASML Holding N.V. (ASML) | Equity | -20.80% | 49,500 | 1.10% | $1,320.83 | $1,691.61 | $65,381,085 | $83,734,448 | +$18,353,363 | +28.07% |
| Corning Inc. (GLW) | Equity | -28.07% | 1,129,500 | 2.59% | $135.97 | $158.39 | $153,578,115 | $178,901,505 | +$25,323,390 | +16.49% |
| Energy Transfer Lp (ET) | Equity | -28.07% | 1,576,125 | 0.51% | $19.30 | $20.30 | $30,419,213 | $31,987,457 | +$1,568,244 | +5.16% |
| JD.com Inc. (JD) | Equity | -68.61% | 1,305,000 | 0.65% | $29.57 | $32.67 | $38,588,850 | $42,627,825 | +$4,038,975 | +10.47% |
| Meta Platforms Inc. (META) | Equity | -27.25% | 436,500 | 4.21% | $572.13 | $586.06 | $249,734,745 | $255,815,190 | +$6,080,445 | +2.43% |
| Nvidia Corp. (NVDA) | Equity | -13.44% | 1,471,500 | 4.33% | $174.40 | $219.85 | $256,629,600 | $323,501,918 | +$66,872,318 | +26.06% |
| Qualcomm Inc. (QCOM) | Equity | -56.45% | 498,613 | 1.08% | $128.78 | $158.03 | $64,211,382 | $78,795,812 | +$14,584,430 | +22.71% |
| UnitedHealth Group Inc. (UNH) | Equity | -55.00% | 90,000 | 0.41% | $270.59 | $411.19 | $24,353,100 | $37,007,100 | +$12,654,000 | +51.96% |
| Vistra Corp. (VST) | Equity | +114.00% | 2,022,332 | 5.12% | $150.33 | $141.27 | $304,017,170 | $285,694,842 | -$18,322,328 | -6.03% |
| Alibaba Group Holding Limited (BABA) | Equity | -32.56% | 3,465,000 | 7.33% | $125.46 | $128.83 | $434,718,900 | $446,395,950 | +$11,677,050 | +2.69% |
| Ishares MSCI South Korea ETF (EWY) | Equity | +28.00% | 2,400,000 | 4.98% | $123.01 | $170.08 | $295,224,000 | $408,192,000 | +$112,968,000 | +38.27% |
| Kraneshares Csi China Internet ETF (KWEB) | Equity | -77.26% | 1,080,000 | 0.52% | $28.43 | $28.56 | $30,704,400 | $30,844,800 | +$140,400 | +0.46% |
| L3Harris Technologies Inc. (LHX) | Equity | -32.88% | 198,000 | 1.15% | $345.15 | $284.64 | $68,339,700 | $56,357,730 | -$11,981,970 | -17.53% |
| Lam Research Corp. (LRCX) | Equity | -10.00% | 382,500 | 1.38% | $213.66 | $311.29 | $81,724,950 | $119,068,425 | +$37,343,475 | +45.69% |
| NRG Energy Inc. (NRG) | Equity | +5.76% | 1,734,442 | 4.27% | $146.14 | $118.26 | $253,471,354 | $205,115,111 | -$48,356,243 | -19.08% |
| Baidu Inc. (BIDU) | Equity | +20.37% | 692,100 | 1.30% | $111.42 | $112.12 | $77,113,782 | $77,598,252 | +$484,470 | +0.63% |
| Ball Corp. (BALL) | Equity | -30.25% | 837,000 | 0.83% | $59.11 | $63.07 | $49,475,070 | $52,785,405 | +$3,310,335 | +6.69% |
| MPLX LP (MPLX) | Equity | -19.93% | 502,460 | 0.48% | $57.07 | $59.93 | $28,675,392 | $30,112,428 | +$1,437,036 | +5.01% |
| PDD Holdings Inc. (PDD) | Equity | -49.30% | 900,000 | 1.55% | $102.18 | $91.18 | $91,962,000 | $82,062,000 | -$9,900,000 | -10.77% |
| Uber Technologies Inc. (UBER) | Equity | +242.31% | 6,332,720 | 7.68% | $71.93 | $67.49 | $455,512,550 | $427,395,273 | -$28,117,277 | -6.17% |
| Whirlpool Corp. (WHR) | Equity | -50.13% | 1,950,000 | 1.77% | $53.92 | $45.96 | $105,144,000 | $89,622,000 | -$15,522,000 | -14.76% |
| Lyft Inc. (LYFT) | Equity | -28.95% | 2,700,000 | 0.61% | $13.30 | $16.49 | $35,910,000 | $44,509,500 | +$8,599,500 | +23.95% |
| Micron Technology Inc. (MU) | Equity | +11.00% | 1,665,000 | 9.48% | $337.84 | $917.93 | $562,503,600 | $1,528,353,450 | +$965,849,850 | +171.71% |
| Microsoft Corp. (MSFT) | Equity | -82.00% | 90,000 | 0.56% | $370.17 | $489.73 | $33,315,300 | $44,075,700 | +$10,760,400 | +32.30% |
| RTX Corp. (RTX) | Equity | -31.60% | 342,000 | 1.11% | $192.90 | $219.26 | $65,971,800 | $74,986,920 | +$9,015,120 | +13.67% |
| Sandisk Corp (SNDK) | Equity | +100% | 281,250 | 3.01% | $635.34 | $1,419.00 | $178,689,375 | $399,093,750 | +$220,404,375 | +123.34% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +17.48% | 1,327,500 | 7.56% | $337.95 | $416.60 | $448,628,625 | $553,040,483 | +$104,411,858 | +23.27% |