David Tepper’s portfolio: Appaloosa Management 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001656456Latest: Q2 2026
Q4 2024 filing in brief
In its Q4 2024 13F, filed February 10, 2025, Appaloosa Management reported $6.5B across 37 US positions. The largest: BABA (15.5%), AMZN (8.8%), PDD (8.0%), MSFT (6.3%), VST (5.8%). In the quarter it opened 2 positions, sold out of 3, added to 15 and trimmed 12; positions opened and sold out came to 5.7% 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 10, 2025
- 2 New
- 15 Added
- 12 Trimmed
- 3 Exited
37 positions at December 31, 2024. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | BABA | ALIBABA GROUP HLDG LTD | $1.0B | 11.8M | 15.54% | +18.4% | Added |
| 2 | AMZN | AMAZON COM INC | $570M | 2.6M | 8.82% | −18.8% | Trimmed |
| 3 | PDD | PDD HOLDINGS INC | $519M | 5.4M | 8.04% | +1.0% | Held |
| 4 | MSFT | MICROSOFT CORP | $409M | 970.0K | 6.33% | 0.0% | Held |
| 5 | VST | VISTRA CORP | $372M | 2.7M | 5.76% | +112.5% | Added |
| 6 | JD | JD.COM INC | $363M | 10.5M | 5.61% | +43.4% | Added |
| 7 | GOOG | ALPHABET INC | $358M | 1.9M | 5.54% | 0.0% | Held |
| 8 | META | META PLATFORMS INC | $287M | 490.0K | 4.44% | −21.6% | Trimmed |
| 9 | ORCL | ORACLE CORP | $233M | 1.4M | 3.61% | −11.0% | Trimmed |
| 10 | FXI | ISHARES TR | $202M | 6.6M | 3.13% | +13.7% | Added |
| 11 | LYFT | LYFT INC | $174M | 13.5M | 2.69% | −14.3% | Trimmed |
| 12 | NRG | NRG ENERGY INC | $164M | 1.8M | 2.53% | +81.5% | Added |
| 13 | AMD | ADVANCED MICRO DEVICES INC | $145M | 1.2M | 2.24% | +5.7% | Added |
| 14 | KWEB | KRANESHARES TRUST | $134M | 4.6M | 2.07% | +21.5% | Added |
| 15 | BIDU | BAIDU INC | $129M | 1.5M | 1.99% | +7.2% | Added |
| 16 | QCOM | QUALCOMM INC | $123M | 800.0K | 1.90% | 0.0% | Held |
| 17 | ASML | ASML HOLDING N V | $111M | 160.0K | 1.72% | +106.5% | Added |
| 18 | MU | MICRON TECHNOLOGY INC | $101M | 1.2M | 1.56% | +14.3% | Added |
| 19 | FDX | FEDEX CORP | $98M | 350.0K | 1.52% | −6.7% | Trimmed |
| 20 | ET | ENERGY TRANSFER L P | $96M | 4.9M | 1.49% | −28.0% | Trimmed |
| 21 | NVDA | NVIDIA CORPORATION | $91M | 680.0K | 1.41% | +8.8% | Added |
| 22 | UBER | UBER TECHNOLOGIES INC | $90M | 1.5M | 1.40% | +6.4% | Added |
| 23 | LRCX | LAM RESEARCH CORP | $90M | 1.3M | 1.40% | — | New |
| 24 | UNH | UNITEDHEALTH GROUP INC | $88M | 174.5K | 1.37% | 0.0% | Held |
| 25 | CZR | CAESARS ENTERTAINMENT INC NE | $74M | 2.2M | 1.14% | +2.3% | Added |
| 26 | GLW | CORNING INC | $71M | 1.5M | 1.10% | — | New |
| 27 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $49M | 250.0K | 0.76% | −37.5% | Trimmed |
| 28 | BEKE | KE HLDGS INC | $47M | 2.6M | 0.73% | +18.3% | Added |
| 29 | LVS | LAS VEGAS SANDS CORP | $46M | 900.0K | 0.72% | −41.1% | Trimmed |
| 30 | WYNN | WYNN RESORTS LTD | $43M | 500.0K | 0.67% | −37.5% | Trimmed |
| 31 | EQT | EQT CORP | $37M | 800.0K | 0.57% | −55.4% | Trimmed |
| 32 | AR | ANTERO RESOURCES CORP | $29M | 840.0K | 0.46% | −51.9% | Trimmed |
| 33 | EXE | EXPAND ENERGY CORPORATION | $29M | 295.0K | 0.45% | +78.8% | Added |
| 34 | MPLX | MPLX LP | $28M | 578.5K | 0.43% | 0.0% | Held |
| 35 | EXE | EXPAND ENERGY CORPORATION | $23M | 250.0K | 0.35% | 0.0% | Held |
| 36 | INTC | INTEL CORP | $20M | 1.0M | 0.31% | −60.0% | Trimmed |
| 37 | EXE | EXPAND ENERGY CORPORATION | $13M | 150.0K | 0.20% | 0.0% | Held |
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.