APPALOOSA LP

Registered adviser Superinvestor · David Tepper

CIK

1656456

Location

Short Hills, NJ

Portfolio Value

Mid $7,725,383,341

Diversification

Diversified

Filing Date

Global Rank

#656 / 8,826 ▲ 83

Top Industry

Semiconductors 33.7%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 281909

Roster of Nov 1, 2026

Regulatory AUM

$20,396,101,407

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

2 funds · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$20,396,101,407 gross assets

LEI

549300PDL8J17IHKV134

Private funds on Schedule D 7.B.(1)

As filed Mar 19, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$16,758,855,580 gross assets in 2 funds Hedge funds $16,758,855,580 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$20,396,101,407	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$17,719,954,304	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$16,758,855,580	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$13,794,100,984	Pooled investment vehicles (100%)
Apr 2023	$13,794,100,984	Pooled investment vehicles (100%)
Apr 2022 to Mar 2023	$14,596,583,551	Pooled investment vehicles (100%)

3 earlier changes not shown.

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

No stake currently held at or above 5%.

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 1 exited, below-5% or retired stake

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 81.6% of the book (60%+)

Turnover

Medium turnover

73.4% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 15.6 quarters (12+), a floor since 30.2% of the book was already held when coverage starts

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 71.2%; sector active share 42.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

27 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

15.4%

−0.5 pts

Top 5

55.8%

+5.1 pts

Top 10

78.9%

+1.6 pts

HHI

829

Diversified+83

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	46.7%	$3,605,519,513	11
Consumer Cyclical	18.4%	$1,421,802,000	4
Communication Services	15.3%	$1,181,886,800	3
Utilities	7.9%	$608,474,197	2
Unclassified	6.3%	$489,607,500	1
Industrials	4.5%	$347,144,500	3
Energy	0.8%	$58,439,081	2
Financial Services	0.2%	$12,509,750	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
UBER	Uber Technologies, Inc	+1,361,351	7,694,071	$555,204,163
AMZN	Amazon Com Inc	+680,000	5,000,000	$1,191,700,000
BIDU	Baidu, Inc.	+602,900	1,295,000	$148,005,550
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+322,500	1,650,000	$787,990,500
META	Meta Platforms, Inc.	+238,500	675,000	$380,220,750
VST	Vistra Corp.	+192,940	2,215,272	$351,408,597
GOOG	Alphabet Inc.	+117,300	1,850,000	$653,660,500
NVDA	Nvidia Corp	+53,500	1,525,000	$305,137,250
NRG	Nrg Energy, Inc.	+25,558	1,760,000	$257,065,600
EWY	iShares Trust	+25,000	2,425,000	$489,607,500
ASML	Asml Holding NV	+500	50,000	$99,471,995
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
BABA	Alibaba Group Holding Ltd	−1,465,000	2,000,000	$191,960,000
WHR	Whirlpool Corp	−1,235,000	715,000	$28,185,300
MU	Micron Technology Inc	−690,000	975,000	$1,125,432,750
QCOM	Qualcomm Inc	−248,613	250,000	$46,197,500
AMD	Advanced Micro Devices Inc	−23,900	197,500	$114,729,725
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
BA	Boeing Co	800,000	$173,176,000
AAL	American Airlines Group Inc.	7,500,000	$135,525,000
CRWV	CoreWeave, Inc.	1,078,248	$107,328,805
AVGO	Broadcom Inc.	150,000	$56,662,500
SPCX	Space Exploration Technologies Corp	225,000	$38,443,500
GT	Goodyear Tire & Rubber Co	1,508,591	$9,956,700
No positions match the current search.

Sold Out

Positions the filer fully exited

12 positions

Ticker	Company	Shares	Value
SNDK	Sandisk Corp	281,250	$178,689,375
GLW	Corning Inc	1,129,500	$153,578,115
PDD	PDD Holdings Inc.	900,000	$91,962,000
LHX	L3harris Technologies, Inc.	198,000	$68,339,700
RTX	RTX Corp	342,000	$65,971,800
BALL	BALL Corp	837,000	$49,475,070
JD	JD.com, Inc.	1,305,000	$38,588,850
LYFT	Lyft, Inc.	2,700,000	$35,910,000
MSFT	Microsoft Corp	90,000	$33,315,300
—		1,080,000	$30,704,400
UNH	Unitedhealth Group Inc	90,000	$24,353,100
DB	Deutsche Bank Aktiengesellschaft	257,616	$7,671,804
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

27 tracked positions · $7,725,383,341 total · filing declares 27 positions · $7,725,383,349 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	Held (qtrs)	Est. cost/share	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Added	5,000,000	+680,000	$1,191,700,000	+32.5%	$251.01	26+	before history	15.43%
MU	Micron Technology Inc Technology	Reduced	975,000	-690,000	$1,125,432,750	+100.1%	$749.89	13	$201.11	14.57%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	1,650,000	+322,500	$787,990,500	+75.6%	$405.79	13	$239.36	10.20%
GOOG	Alphabet Inc. Communication Services	Added	1,850,000	+117,300	$653,660,500	+31.5%	$357.39	26+	before history	8.46%
UBER	Uber Technologies, Inc Technology	Added	7,694,071	+1,361,351	$555,204,163	+21.9%	$73.33	21	$71.40	7.19%
EWY	iShares Trust	Added	2,425,000	+25,000	$489,607,500	—	$176.51	3	unpriced	6.34%
META	Meta Platforms, Inc. Communication Services	Added	675,000	+238,500	$380,220,750	+52.2%	$611.48	26+	before history	4.92%
VST	Vistra Corp. Utilities	Added	2,215,272	+192,940	$351,408,597	+15.6%	$155.14	8	$140.62	4.55%
NVDA	Nvidia Corp Technology	Added	1,525,000	+53,500	$305,137,250	+18.9%	$205.61	14	$119.28	3.95%
NRG	Nrg Energy, Inc. Utilities	Added	1,760,000	+25,558	$257,065,600	+1.4%	$143.99	8	$91.81	3.33%
AAPL	Apple Inc. PUT Technology	NEW	835,000	NEW	$241,615,600	NEW	—	—	—	3.13%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	2,000,000	-1,465,000	$191,960,000	−55.8%	$125.27	17	$80.83	2.48%
BA	Boeing Co Industrials	NEW	800,000	NEW	$173,176,000	NEW	$222.48	1	$222.48	2.24%
LRCX	Lam Research Corp Technology	Held	382,500	0	$165,748,725	+102.8%	$303.56	13	unpriced	2.15%
BIDU	Baidu, Inc. Communication Services	Added	1,295,000	+602,900	$148,005,550	+91.9%	$123.84	13	$117.70	1.92%
AAL	American Airlines Group Inc. Industrials	NEW	7,500,000	NEW	$135,525,000	NEW	$13.38	1	$13.38	1.75%
AMD	Advanced Micro Devices Inc Technology	Reduced	197,500	-23,900	$114,729,725	+154.7%	$409.99	4	$161.38	1.49%
CRWV	CoreWeave, Inc. Technology	NEW	1,078,248	NEW	$107,328,805	NEW	$107.95	1	$107.95	1.39%
ASML	Asml Holding NV Technology	Added	50,000	+500	$99,471,995	+52.1%	$1,591.72	13	$720.08	1.29%
AVGO	Broadcom Inc. Technology	NEW	150,000	NEW	$56,662,500	NEW	$400.96	1	$400.96	0.73%
QCOM	Qualcomm Inc Technology	Reduced	250,000	-248,613	$46,197,500	−28.1%	$187.00	13	$146.35	0.60%
SPCX	Space Exploration Technologies Corp Industrials	NEW	225,000	NEW	$38,443,500	NEW	$170.68	1	unpriced	0.50%
ET	Energy Transfer LP Energy	Held	1,576,125	0	$30,135,510	−0.9%	$19.37	26+	before history	0.39%
MPLX	Mplx LP Energy	Held	502,460	0	$28,303,571	−1.3%	$55.79	23	$35.59	0.37%
WHR	Whirlpool Corp Consumer Cyclical	Reduced	715,000	-1,235,000	$28,185,300	−73.2%	$46.84	5	$91.35	0.36%
BRK-B	Berkshire Hathaway Inc PUT Financial Services	NEW	25,000	NEW	$12,509,750	NEW	—	—	—	0.16%
GT	Goodyear Tire & Rubber Co Consumer Cyclical	NEW	1,508,591	NEW	$9,956,700	NEW	$6.43	1	$6.43	0.13%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.