David Tepper’s portfolio: Appaloosa Management 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001656456Latest: Q2 2026
Q4 2018 filing in brief
In its Q4 2018 13F, filed February 14, 2019, Appaloosa Management reported $2.0B across 23 US positions. The largest: MU (25.1%), META (9.2%), ALLERGAN PLC (7.6%), PCG (7.6%), GOOG (7.5%). In the quarter it opened 4 positions, sold out of 18, added to 3 and trimmed 16; positions opened and sold out came to 40.6% 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 Feb 14, 2019
- 4 New
- 3 Added
- 16 Trimmed
- 18 Exited
23 positions at December 31, 2018. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | MU | MICRON TECHNOLOGY INC | $508M | 16.0M | 25.10% | −55.6% | Trimmed |
| 2 | META | FACEBOOK INC | $187M | 1.4M | 9.23% | −56.8% | Trimmed |
| 3 | — | ALLERGAN PLC | $154M | 1.1M | 7.60% | −42.3% | Trimmed |
| 4 | PCG | PG&E CORP | $154M | 6.5M | 7.59% | +62.0% | Added |
| 5 | GOOG | ALPHABET INC | $151M | 145.6K | 7.45% | −27.2% | Trimmed |
| 6 | AABAUSD | ALTABA INC | $136M | 2.3M | 6.72% | −30.6% | Trimmed |
| 7 | ET | ENERGY TRANSFER LP | $102M | 7.7M | 5.04% | +76.6% | Added |
| 8 | CZR | CAESARS ENTMT CORP | $90M | 13.3M | 4.46% | −8.6% | Trimmed |
| 9 | TMUS | T MOBILE US INC | $66M | 1.0M | 3.27% | −61.4% | Trimmed |
| 10 | UNH | UNITEDHEALTH GROUP INC | $62M | 250.0K | 3.08% | −28.3% | Trimmed |
| 11 | AMLPUSD | ALPS ETF TR | $62M | 7.1M | 3.05% | — | New |
| 12 | — | ATLANTICA YIELD PLC | $59M | 3.0M | 2.90% | −10.6% | Trimmed |
| 13 | VST | VISTRA ENERGY CORP | $58M | 2.5M | 2.87% | +27.7% | Added |
| 14 | ALL | ALLSTATE CORP | $50M | 607.9K | 2.48% | — | New |
| 15 | 07WA | MR COOPER GROUP INC | $48M | 4.1M | 2.37% | — | New |
| 16 | LNG | CHENIERE ENERGY INC | $35M | 586.7K | 1.72% | −36.1% | Trimmed |
| 17 | CZR 5 10/01/24 | CAESARS ENTMT CORP | $31M | 24.4M | 1.52% | −50.2% | Trimmed |
| 18 | TERPEUR | TERRAFORM PWR INC | $30M | 2.7M | 1.49% | −12.4% | Trimmed |
| 19 | NRG | NRG ENERGY INC | $18M | 461.0K | 0.90% | −82.4% | Trimmed |
| 20 | WFC | WELLS FARGO CO NEW | $14M | 300.0K | 0.68% | — | New |
| 21 | KMT | KENNAMETAL INC | $7M | 195.7K | 0.32% | −86.8% | Trimmed |
| 22 | — | PLATFORM SPECIALTY PRODS COR | $3M | 264.7K | 0.14% | −88.6% | Trimmed |
| 23 | BAC | BANK AMER CORP | $616K | 25.0K | 0.03% | −99.3% | Trimmed |
18 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 |
|---|---|---|---|
| BABA | ALIBABA GROUP HLDG LTD | $247M | 1.5M |
| LRCX | LAM RESEARCH CORP | $178M | 1.2M |
| XPO | XPO LOGISTICS INC | $154M | 1.3M |
| STT | STATE STR CORP | $99M | 1.2M |
| — | WMIH CORP | $87M | 62.8M |
| CNC | CENTENE CORP DEL | $85M | 589.7K |
| — | ENERGY TRANSFER PARTNERS LP | $85M | 3.8M |
| DG | DOLLAR GEN CORP NEW | $82M | 746.1K |
| OC | OWENS CORNING NEW | $58M | 1.1M |
| HUN | HUNTSMAN CORP | $55M | 2.0M |
| 7SU | SUMMIT MATLS INC | $54M | 3.0M |
| BYD | BOYD GAMING CORP | $46M | 1.4M |
| TMO | THERMO FISHER SCIENTIFIC INC | $46M | 187.0K |
| BSX | BOSTON SCIENTIFIC CORP | $33M | 853.9K |
| WMB | WILLIAMS COS INC DEL | $28M | 1.0M |
| AAPL | APPLE INC | $23M | 100.0K |
| SYK | STRYKER CORP | $16M | 92.0K |
| — | VENATOR MATLS PLC | $12M | 1.4M |
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.