Hedge Fund · CIK 0001656456

David Tepper

Appaloosa

Mid-Size Fund

David Tepper runs Appaloosa, a hedge fund overseeing $6.93B in disclosed equity holdings (SEC CIK 0001656456). The latest 13F filing (2025Q4) discloses 38 positions across 7 sectors, with the largest positions in BABA, GOOG and AMZN. On a mark-to-market basis the tracked portfolio has returned 54.8% over the past year. OpenStocks tracks 40 consecutive 13F filings for this manager — every position change, new entry, and exit is logged below.

Track David's filings View holdings

Portfolio

$6.93B

Positions

Quarter

2025Q4

Filings tracked

1Y+54.8%3Y+157.6%5Y+69.2%Full performance →

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Holdings

Sorted by value · 2025Q4

Sector38 positions

BABAALIBABA GROUP HLDG LTDADR

Consumer Cyclical·Internet Retail

10.88%

of portfolio

Number of shares

5,137,931 sh

Holdings current value

$753.12M

Avg closing price

$78.15

+77.3%

Last action

Trimmed 20.3%

2025Q4

Current $138.59

GOOGALPHABET INC

Communication Services·Internet Content & Information

8.10%

of portfolio

Number of shares

1,786,931 sh

Holdings current value

$560.74M

Avg closing price

$131.20

+153.6%

Last action

Added 28.8%

2025Q4

Current $332.77

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

7.26%

of portfolio

Number of shares

2,179,391 sh

Holdings current value

$503.05M

Avg closing price

$169.35

+47.4%

Last action

Trimmed 12.8%

2025Q4

Current $249.70

MUMICRON TECHNOLOGY INC

Technology·Semiconductors

6.18%

of portfolio

Number of shares

1,500,000 sh

Holdings current value

$428.12M

Avg closing price

$221.06

+106.8%

Last action

Added 200.0%

2025Q4

Current $457.23

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

5.72%

of portfolio

Number of shares

600,000 sh

Holdings current value

$396.05M

Avg closing price

$430.45

+57.2%

Last action

Added 62.2%

2025Q4

Current $676.87

TSMTAIWAN SEMICONDUCTOR MFG LTDADR

Technology·Semiconductors

4.96%

of portfolio

Number of shares

1,130,000 sh

Holdings current value

$343.40M

Avg closing price

$204.07

+78.1%

Last action

Added 6.6%

2025Q4

Current $363.35

NVDANVIDIA CORPORATION

Technology·Semiconductors

4.58%

of portfolio

Number of shares

1,700,000 sh

Holdings current value

$317.05M

Avg closing price

$180.19

+11.3%

Last action

Trimmed 10.5%

2025Q4

Current $200.57

WHRWHIRLPOOL CORP

Consumer Cyclical·Furnishings, Fixtures & Appliances

4.07%

of portfolio

Number of shares

3,910,000 sh

Holdings current value

$282.07M

Avg closing price

$81.00

Last action

Trimmed 28.9%

2025Q4

Current —

NSCNRG ENERGY INC

Utilities·Utilities - Independent Power Producers

3.77%

of portfolio

Number of shares

1,640,000 sh

Holdings current value

$261.15M

Avg closing price

$76.41

Last action

Trimmed 12.3%

2025Q4

Current —

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

3.49%

of portfolio

Number of shares

500,000 sh

Holdings current value

$241.81M

Avg closing price

$331.61

+27.5%

Last action

Added 8.1%

2025Q4

Current $422.79

AALAMERICAN AIRLS GROUP INC

Industrials·Airlines

3.13%

of portfolio

Number of shares

14,150,000 sh

Holdings current value

$216.92M

Avg closing price

$15.90

-22.8%

Last action

Added 53.0%

2025Q4

Current $12.27

PDDPINDUODUO INCADR

Consumer Cyclical·Internet Retail

2.91%

of portfolio

Number of shares

1,775,000 sh

Holdings current value

$201.27M

Avg closing price

$123.20

Last action

Trimmed 1.4%

2025Q4

Current —

QCOMQUALCOMM INC

Technology·Semiconductors

2.83%

of portfolio

Number of shares

1,145,000 sh

Holdings current value

$195.85M

Avg closing price

$150.89

-10.9%

Last action

Trimmed 8.0%

2025Q4

Current $134.47

EWYISHARES INCETF

2.63%

of portfolio

Number of shares

1,875,000 sh

Holdings current value

$182.29M

Avg closing price

$95.44

+54.5%

Last action

New holding

2025Q4

Current $147.47

KWEBKRANESHARES TRETF

2.34%

of portfolio

Number of shares

4,750,000 sh

Holdings current value

$161.74M

Avg closing price

$33.96

Last action

Trimmed 35.8%

2025Q4

Current —

VSTVISTRA CORP

Utilities·Utilities - Independent Power Producers

2.20%

of portfolio

Number of shares

945,000 sh

Holdings current value

$152.46M

Avg closing price

$88.53

+87.0%

Last action

Trimmed 24.1%

2025Q4

Current $165.53

UBERUBER TECHNOLOGIES INC

Technology·Software - Application

2.18%

of portfolio

Number of shares

1,850,000 sh

Holdings current value

$151.16M

Avg closing price

$57.08

+34.0%

Last action

Trimmed 23.1%

2025Q4

Current $76.48

GLWCORNING INC

Technology·Electronic Components

1.99%

of portfolio

Number of shares

1,570,200 sh

Holdings current value

$137.49M

Avg closing price

$47.30

+251.1%

Last action

Trimmed 3.4%

2025Q4

Current $166.08

D18190898DEUTSCHE BANK A G

1.75%

of portfolio

Number of shares

3,150,000 sh

Holdings current value

$121.46M

Avg closing price

$24.17

Last action

Trimmed 16.9%

2025Q4

Current —

JDJD.COM INCADR

Consumer Cyclical·Internet Retail

1.72%

of portfolio

Number of shares

4,157,046 sh

Holdings current value

$119.31M

Avg closing price

$34.17

Last action

Trimmed 33.2%

2025Q4

Current —

OCOWENS CORNING NEW

Industrials·Building Products & Equipment

1.54%

of portfolio

Number of shares

950,000 sh

Holdings current value

$106.31M

Avg closing price

$114.72

+2.7%

Last action

Added 488.2%

2025Q4

Current $117.86

RTXRAYTHEON TECHNOLOGIES CORP

Industrials·Aerospace & Defense

1.32%

of portfolio

Number of shares

500,000 sh

Holdings current value

$91.70M

Avg closing price

$146.02

Last action

Trimmed 1.9%

2025Q4

Current —

LHXL3HARRIS TECHNOLOGIES INC

Industrials·Aerospace & Defense

1.25%

of portfolio

Number of shares

295,000 sh

Holdings current value

$86.60M

Avg closing price

$215.24

+64.2%

Last action

Trimmed 1.7%

2025Q4

Current $353.41

BIDUBAIDU INCADR

Communication Services·Internet Content & Information

1.08%

of portfolio

Number of shares

575,000 sh

Holdings current value

$75.13M

Avg closing price

$121.76

+2.7%

Last action

Trimmed 45.0%

2025Q4

Current $125.03

MHKMOHAWK INDS INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

1.07%

of portfolio

Number of shares

675,000 sh

Holdings current value

$73.78M

Avg closing price

$117.72

-13.2%

Last action

Added 318.0%

2025Q4

Current $102.15

LYFTLYFT INC

Technology·Software - Application

1.06%

of portfolio

Number of shares

3,800,000 sh

Holdings current value

$73.61M

Avg closing price

$13.59

Last action

Trimmed 32.1%

2025Q4

Current —

LRCXLAM RESEARCH CORP

Technology·Semiconductor Equipment & Materials

1.05%

of portfolio

Number of shares

425,000 sh

Holdings current value

$72.75M

Avg closing price

$85.04

+206.9%

Last action

Added 14.9%

2025Q4

Current $260.96

AMDADVANCED MICRO DEVICES INC

Technology·Semiconductors

1.01%

of portfolio

Number of shares

325,000 sh

Holdings current value

$69.60M

Avg closing price

$114.28

+143.5%

Last action

Trimmed 65.8%

2025Q4

Current $278.26

ASMLASML HOLDING N V

Technology·Semiconductor Equipment & Materials

0.97%

of portfolio

Number of shares

62,500 sh

Holdings current value

$66.87M

Avg closing price

$720.79

+95.7%

Last action

Trimmed 2.3%

2025Q4

Current $1411

UNHUNITEDHEALTH GROUP INC

Healthcare·Healthcare Plans

0.95%

of portfolio

Number of shares

200,000 sh

Holdings current value

$66.02M

Avg closing price

$315.57

+0.3%

Last action

Trimmed 1.7%

2025Q4

Current $316.40

BALLBALL CORP

Consumer Cyclical·Packaging & Containers

0.92%

of portfolio

Number of shares

1,200,000 sh

Holdings current value

$63.56M

Avg closing price

$52.97

Last action

New holding

2025Q4

Current —

IQVIQVIA HLDGS INC

Healthcare·Diagnostics & Research

0.91%

of portfolio

Number of shares

280,000 sh

Holdings current value

$63.11M

Avg closing price

$157.59

+9.1%

Last action

Trimmed 1.8%

2025Q4

Current $171.95

UALUNITED AIRLS HLDGS INC

Industrials·Airlines

0.75%

of portfolio

Number of shares

465,000 sh

Holdings current value

$52.00M

Avg closing price

$71.57

Last action

Added 0.5%

2025Q4

Current —

FXIISHARES TRETF

0.60%

of portfolio

Number of shares

1,087,500 sh

Holdings current value

$41.64M

Avg closing price

$27.11

Last action

Trimmed 2.0%

2025Q4

Current —

ETENERGY TRANSFER L PMLP

Energy·Oil & Gas Midstream

0.52%

of portfolio

Number of shares

2,191,250 sh

Holdings current value

$36.13M

Avg closing price

$9.20

Last action

Trimmed 55.8%

2025Q4

Current —

MPLXMPLX LPMLP

Energy·Oil & Gas Midstream

0.48%

of portfolio

Number of shares

627,500 sh

Holdings current value

$33.49M

Avg closing price

$36.29

Last action

Added 17.3%

2025Q4

Current —

DALDELTA AIR LINES INC DEL

Industrials·Airlines

0.48%

of portfolio

Number of shares

475,000 sh

Holdings current value

$32.97M

Avg closing price

$49.09

+42.4%

Last action

Added 2.7%

2025Q4

Current $69.89

GTGOODYEAR TIRE & RUBR CO

Consumer Cyclical·Auto Parts

0.32%

of portfolio

Number of shares

2,500,000 sh

Holdings current value

$21.90M

Avg closing price

$8.17

Last action

Trimmed 51.4%

2025Q4

Current —

Portfolio heatmap

Box size = % of portfolio · color = return since filing

Sector exposure

Share of dollar value across the latest 13F report. Unclassified positions excluded.

Technology11 pos$2.10B33.1%
Consumer Cyclical8 pos$2.02B31.8%
Communication Services3 pos$1.03B16.3%
Industrials6 pos$586.5M9.2%
Utilities2 pos$413.6M6.5%
Healthcare2 pos$129.1M2.0%
Energy2 pos$69.6M1.1%

(7.4% unclassified, excluded from %)