David Tepper’s portfolio: Appaloosa Management 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001656456Latest: Q2 2026
Q1 2018 filing in brief
In its Q1 2018 13F, filed May 15, 2018, Appaloosa Management reported $9.7B across 53 US positions. The largest: MU (19.0%), META (10.2%), BABA (7.7%), ALLERGAN PLC (6.4%), AABAUSD (6.1%). In the quarter it opened 14 positions, sold out of 11, added to 19 and trimmed 18; positions opened and sold out came to 25.8% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed May 15, 2018
- 14 New
- 19 Added
- 18 Trimmed
- 11 Exited
53 positions at March 31, 2018. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | MU | MICRON TECHNOLOGY INC | $1.8B | 35.4M | 19.00% | +28.7% | Added |
| 2 | META | FACEBOOK INC | $992M | 6.2M | 10.21% | +12.3% | Added |
| 3 | BABA | ALIBABA GROUP HLDG LTD | $744M | 4.1M | 7.66% | −6.2% | Trimmed |
| 4 | — | ALLERGAN PLC | $623M | 3.7M | 6.41% | +6.8% | Added |
| 5 | AABAUSD | ALTABA INC | $594M | 8.0M | 6.11% | −9.5% | Trimmed |
| 6 | GOOG | ALPHABET INC | $419M | 405.8K | 4.31% | +14.1% | Added |
| 7 | BAC | BANK AMER CORP | $329M | 11.0M | 3.39% | −36.1% | Trimmed |
| 8 | LRCX | LAM RESEARCH CORP | $263M | 1.3M | 2.71% | — | New |
| 9 | TMUS | T MOBILE US INC | $253M | 4.2M | 2.61% | +7.6% | Added |
| 10 | XPO | XPO LOGISTICS INC | $217M | 2.1M | 2.24% | −3.2% | Trimmed |
| 11 | ALLY | ALLY FINL INC | $216M | 7.9M | 2.22% | −1.1% | Trimmed |
| 12 | NRG | NRG ENERGY INC | $206M | 6.7M | 2.12% | −31.0% | Trimmed |
| 13 | WFC | WELLS FARGO CO NEW | $154M | 2.9M | 1.58% | — | New |
| 14 | UNH | UNITEDHEALTH GROUP INC | $151M | 706.6K | 1.56% | +19.4% | Added |
| 15 | MGM | MGM RESORTS INTERNATIONAL | $143M | 4.1M | 1.47% | +74.9% | Added |
| 16 | CZR | CAESARS ENTMT CORP | $142M | 12.7M | 1.47% | +116.0% | Added |
| 17 | CNC | CENTENE CORP DEL | $131M | 1.2M | 1.35% | +61.3% | Added |
| 18 | — | POWERSHARES QQQ TRUST | $124M | 772.2K | 1.27% | −86.7% | Trimmed |
| 19 | TMO | THERMO FISHER SCIENTIFIC INC | $123M | 597.0K | 1.27% | +4.4% | Added |
| 20 | — | UBS GROUP AG | $122M | 7.0M | 1.26% | — | New |
| 21 | OC | OWENS CORNING NEW | $114M | 1.4M | 1.17% | +43.4% | Added |
| 22 | DG | DOLLAR GEN CORP NEW | $114M | 1.2M | 1.17% | +47.3% | Added |
| 23 | HUN | HUNTSMAN CORP | $109M | 3.7M | 1.13% | +41.9% | Added |
| 24 | — | ENERGY TRANSFER PARTNERS LP | $108M | 6.7M | 1.12% | −18.2% | Trimmed |
| 25 | BSX | BOSTON SCIENTIFIC CORP | $107M | 3.9M | 1.10% | −18.2% | Trimmed |
| 26 | — | WILLIAMS PARTNERS L P NEW | $94M | 2.7M | 0.97% | −26.7% | Trimmed |
| 27 | ET | ENERGY TRANSFER EQUITY L P | $89M | 6.3M | 0.92% | +24.3% | Added |
| 28 | AMAT | APPLIED MATLS INC | $87M | 1.6M | 0.90% | — | New |
| 29 | CZR 5 10/01/24 | CAESARS ENTMT CORP | $87M | 49.0M | 0.89% | 0.0% | Held |
| 30 | SMH | VANECK VECTORS ETF TR | $77M | 737.0K | 0.79% | — | New |
| 31 | KMT | KENNAMETAL INC | $76M | 1.9M | 0.78% | +33.8% | Added |
| 32 | — | ATLANTICA YIELD PLC | $75M | 3.8M | 0.77% | +8.2% | Added |
| 33 | 7SU | SUMMIT MATLS INC | $74M | 2.5M | 0.77% | −2.1% | Trimmed |
| 34 | PCG | PG&E CORP | $72M | 1.6M | 0.75% | +46.0% | Added |
| 35 | SYK | STRYKER CORP | $60M | 371.0K | 0.61% | 0.0% | Held |
| 36 | ALL | ALLSTATE CORP | $50M | 527.8K | 0.52% | −30.4% | Trimmed |
| 37 | LNG | CHENIERE ENERGY INC | $49M | 919.7K | 0.51% | +419.5% | Added |
| 38 | AMLPUSD | ALPS ETF TR | $47M | 5.1M | 0.49% | — | New |
| 39 | WDC | WESTERN DIGITAL CORP | $46M | 500.0K | 0.47% | −16.7% | Trimmed |
| 40 | TERPEUR | TERRAFORM PWR INC | $44M | 4.1M | 0.46% | −11.1% | Trimmed |
| 41 | KNX | KNIGHT SWIFT TRANSN HLDGS IN | $44M | 950.0K | 0.45% | — | New |
| 42 | BYD | BOYD GAMING CORP | $43M | 1.4M | 0.44% | — | New |
| 43 | — | PLATFORM SPECIALTY PRODS COR | $37M | 3.8M | 0.38% | — | New |
| 44 | UAL | UNITED CONTL HLDGS INC | $36M | 525.3K | 0.38% | — | New |
| 45 | NVDA | NVIDIA CORP | $35M | 150.0K | 0.36% | — | New |
| 46 | XLE | SELECT SECTOR SPDR TR | $34M | 500.0K | 0.35% | — | New |
| 47 | — | VENATOR MATLS PLC | $32M | 1.8M | 0.33% | +2.2% | Added |
| 48 | HCA | HCA HEALTHCARE INC | $27M | 282.9K | 0.28% | −48.8% | Trimmed |
| 49 | BTU | PEABODY ENERGY CORP NEW | $22M | 591.4K | 0.22% | — | New |
| 50 | XOP | SPDR SERIES TRUST | $18M | 500.0K | 0.18% | — | New |
| 51 | XLF | SELECT SECTOR SPDR TR | $8M | 300.0K | 0.09% | −97.0% | Trimmed |
| 52 | — | WMIH CORP | $5M | 3.3M | 0.05% | −56.9% | Trimmed |
| 53 | URI | UNITED RENTALS INC | $2M | 12.9K | 0.02% | −98.3% | Trimmed |
11 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
| Ticker | Issuer | Previous value | Previous shares |
|---|---|---|---|
| AAPL | APPLE INC | $776M | 4.6M |
| EEM | ISHARES TR | $429M | 9.1M |
| XLE | SELECT SECTOR SPDR TRcall option | $145M | 2.0M |
| CMCSA | COMCAST CORP NEW | $80M | 2.0M |
| XOP | SPDR SERIES TRUSTcall option | $75M | 2.0M |
| XLF | SELECT SECTOR SPDR TRcall option | $35M | 1.3M |
| BTU 8.5 PERP A | PEABODY ENERGY CORP NEW | $23M | 314.1K |
| MHK | MOHAWK INDS INC | $19M | 69.3K |
| VST | VISTRA ENERGY CORP | $18M | 961.3K |
| CSX | CSX CORP | $10M | 175.5K |
| LUV | SOUTHWEST AIRLS CO | $5M | 74.3K |
Every quarter on file (42)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.