Hedge Fund · CIK 0001656456

David Tepper

Appaloosa

Mid-Size Fund

David Tepper runs Appaloosa, a hedge fund overseeing $6.85B in disclosed equity holdings (SEC CIK 0001656456). The latest portfolio (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 60.1% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track David's filings View holdings

Portfolio

$6.85B

Positions

Quarter

2025Q4

Filings tracked

1Y+60.1%3Y+239.4%5Y+278.5%Full performance →

Quarter

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

Holdings

Sorted by value · 2023Q4

Sector39 positions

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

11.31%

of portfolio

Number of shares

1,850,000 sh

Holdings current value

$654.83M

Avg closing price

$430.45

+57.2%

Last action

Added 14.2%

2025Q4

Current $676.87

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

11.04%

of portfolio

Number of shares

1,700,000 sh

Holdings current value

$639.27M

Avg closing price

$331.61

+27.5%

Last action

Added 2.3%

2025Q4

Current $422.79

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

10.36%

of portfolio

Number of shares

3,950,000 sh

Holdings current value

$600.16M

Avg closing price

$169.35

+47.4%

Last action

Trimmed 7.5%

2025Q4

Current $249.70

NVDANVIDIA CORPORATION

Technology·Semiconductors

6.76%

of portfolio

Number of shares

790,000 sh

Holdings current value

$391.22M

Avg closing price

$180.19

+11.3%

Last action

Trimmed 20.2%

2025Q4

Current $200.57

UBERUBER TECHNOLOGIES INC

Technology·Software - Application

6.38%

of portfolio

Number of shares

6,000,000 sh

Holdings current value

$369.42M

Avg closing price

$57.08

+34.0%

Last action

Trimmed 8.5%

2025Q4

Current $76.48

BABAALIBABA GROUP HLDG LTDADR

Consumer Cyclical·Internet Retail

5.82%

of portfolio

Number of shares

4,350,000 sh

Holdings current value

$337.17M

Avg closing price

$78.15

+77.3%

Last action

Trimmed 23.2%

2025Q4

Current $138.59

GOOGALPHABET INC

Communication Services·Internet Content & Information

5.60%

of portfolio

Number of shares

2,300,000 sh

Holdings current value

$324.14M

Avg closing price

$179.32

+85.6%

Last action

Added 21.0%

2025Q4

Current $332.77

AMDADVANCED MICRO DEVICES INC

Technology·Semiconductors

5.12%

of portfolio

Number of shares

2,010,000 sh

Holdings current value

$296.29M

Avg closing price

$114.28

+143.5%

Last action

Trimmed 23.7%

2025Q4

Current $278.26

INTCINTEL CORP

Technology·Semiconductors

3.99%

of portfolio

Number of shares

4,600,000 sh

Holdings current value

$231.15M

Avg closing price

$23.78

+188.1%

Last action

Exited

2025Q3

Current $68.50

FDXFEDEX CORP

Industrials·Integrated Freight & Logistics

2.84%

of portfolio

Number of shares

650,000 sh

Holdings current value

$164.43M

Avg closing price

$237.45

+60.4%

Last action

Exited

2025Q1

Current $380.88

QCOMQUALCOMM INC

Technology·Semiconductors

2.50%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$144.63M

Avg closing price

$150.89

-10.9%

Last action

Trimmed 9.1%

2025Q4

Current $134.47

ORCLORACLE CORP

Technology·Software - Infrastructure

2.41%

of portfolio

Number of shares

1,325,000 sh

Holdings current value

$139.69M

Avg closing price

$113.98

+56.5%

Last action

Exited

2025Q3

Current $178.34

ETENERGY TRANSFER L PMLP

Energy·Oil & Gas Midstream

2.33%

of portfolio

Number of shares

9,781,876 sh

Holdings current value

$134.99M

Avg closing price

$9.20

Last action

Trimmed 22.0%

2025Q4

Current —

PDDPINDUODUO INCADR

Consumer Cyclical·Internet Retail

1.96%

of portfolio

Number of shares

775,000 sh

Holdings current value

$113.39M

Avg closing price

$123.20

Last action

Trimmed 3.1%

2025Q4

Current —

CZRCAESARS ENTERTAINMENT INC NE

Consumer Cyclical·Resorts & Casinos

1.82%

of portfolio

Number of shares

2,250,000 sh

Holdings current value

$105.48M

Avg closing price

$46.69

Last action

Exited

2025Q4

Current —

UNHUNITEDHEALTH GROUP INC

Healthcare·Healthcare Plans

1.82%

of portfolio

Number of shares

200,000 sh

Holdings current value

$105.29M

Avg closing price

$315.57

+0.3%

Last action

Trimmed 1.7%

2025Q4

Current $316.40

MUMICRON TECHNOLOGY INC

Technology·Semiconductors

1.79%

of portfolio

Number of shares

1,215,000 sh

Holdings current value

$103.69M

Avg closing price

$221.06

+106.8%

Last action

Added 465.1%

2025Q4

Current $457.23

LRCXEURLAM RESEARCH CORP

1.60%

of portfolio

Number of shares

118,000 sh

Holdings current value

$92.42M

Avg closing price

$201.31

Last action

Exited

2024Q4

Current —

MMACYS INC

Consumer Cyclical·Department Stores

1.55%

of portfolio

Number of shares

4,450,000 sh

Holdings current value

$89.53M

Avg closing price

$19.62

-2.8%

Last action

Exited

2024Q3

Current $19.08

EQTEQT CORP

Energy·Oil & Gas E&P

1.38%

of portfolio

Number of shares

2,060,000 sh

Holdings current value

$79.64M

Avg closing price

$19.48

+199.8%

Last action

Exited

2025Q1

Current $58.39

UPSUNITED PARCEL SERVICE INC

Industrials·Integrated Freight & Logistics

1.36%

of portfolio

Number of shares

500,000 sh

Holdings current value

$78.61M

Avg closing price

$155.64

-32.5%

Last action

Exited

2024Q3

Current $105.06

BIDUBAIDU INCADR

Communication Services·Internet Content & Information

1.29%

of portfolio

Number of shares

625,000 sh

Holdings current value

$74.43M

Avg closing price

$121.76

+2.7%

Last action

Trimmed 42.9%

2025Q4

Current $125.03

ASMLASML HOLDING N V

Technology·Semiconductor Equipment & Materials

1.05%

of portfolio

Number of shares

80,000 sh

Holdings current value

$60.55M

Avg closing price

$720.79

+95.7%

Last action

Trimmed 1.8%

2025Q4

Current $1411

TSMTAIWAN SEMICONDUCTOR MFG LTDADR

Technology·Semiconductors

0.90%

of portfolio

Number of shares

500,000 sh

Holdings current value

$52.00M

Avg closing price

$204.07

+78.1%

Last action

Added 16.3%

2025Q4

Current $363.35

ARANTERO RESOURCES CORP

Energy·Oil & Gas E&P

0.78%

of portfolio

Number of shares

2,000,000 sh

Holdings current value

$45.36M

Avg closing price

$17.29

+116.8%

Last action

Exited

2025Q1

Current $37.49

HCAHCA HEALTHCARE INC

Healthcare·Medical Care Facilities

0.55%

of portfolio

Number of shares

117,198 sh

Holdings current value

$31.72M

Avg closing price

$181.74

+165.7%

Last action

Exited

2024Q1

Current $482.97

SWN1EURSOUTHWESTERN ENERGY CO

0.54%

of portfolio

Number of shares

4,800,000 sh

Holdings current value

$31.44M

Avg closing price

$7.10

Last action

Exited

2024Q4

Current —

BEKEKE HLDGS INCADR

Real Estate·Real Estate Services

0.48%

of portfolio

Number of shares

1,705,000 sh

Holdings current value

$27.64M

Avg closing price

$15.92

Last action

Exited

2025Q3

Current —

MPLXMPLX LPMLP

Energy·Oil & Gas Midstream

0.42%

of portfolio

Number of shares

660,000 sh

Holdings current value

$24.24M

Avg closing price

$36.29

Last action

Added 16.3%

2025Q4

Current —

FMCFMC CORP

Basic Materials·Agricultural Inputs

0.35%

of portfolio

Number of shares

325,000 sh

Holdings current value

$20.49M

Avg closing price

$63.05

-72.1%

Last action

Exited

2024Q1

Current $17.58

165167172CHESAPEAKE ENERGY CORP

0.28%

of portfolio

Number of shares

250,000 sh

Holdings current value

$16.16M

Avg closing price

$19.74

Last action

Exited

2025Q2

Current —

EXECHESAPEAKE ENERGY CORP

Energy·Oil & Gas E&P

0.27%

of portfolio

Number of shares

203,000 sh

Holdings current value

$15.62M

Avg closing price

$86.51

+12.5%

Last action

Exited

2025Q1

Current $97.36

WHRWHIRLPOOL CORP

Consumer Cyclical·Furnishings, Fixtures & Appliances

0.19%

of portfolio

Number of shares

90,000 sh

Holdings current value

$10.96M

Avg closing price

$81.00

Last action

Trimmed 94.6%

2025Q4

Current —

NOCNORFOLK SOUTHN CORP

Industrials·Railroads

0.18%

of portfolio

Number of shares

45,000 sh

Holdings current value

$10.64M

Avg closing price

$236.38

+184.6%

Last action

Exited

2024Q2

Current $672.77

MHKMOHAWK INDS INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

0.17%

of portfolio

Number of shares

95,000 sh

Holdings current value

$9.83M

Avg closing price

$117.72

-13.2%

Last action

Added

2025Q4

Current $102.15

GMGENERAL MTRS CO

Consumer Cyclical·Auto Manufacturers

0.16%

of portfolio

Number of shares

265,000 sh

Holdings current value

$9.52M

Avg closing price

$56.04

+39.3%

Last action

Exited

2024Q1

Current $78.05

EXEELCHESAPEAKE ENERGY CORPWT

0.15%

of portfolio

Number of shares

150,000 sh

Holdings current value

$8.96M

Avg closing price

$16.80

Last action

Exited

2025Q2

Current —

MASMASCO CORP

Industrials·Building Products & Equipment

0.15%

of portfolio

Number of shares

130,000 sh

Holdings current value

$8.71M

Avg closing price

$66.98

-4.9%

Last action

Exited

2024Q1

Current $63.73

OCOWENS CORNING NEW

Industrials·Building Products & Equipment

0.06%

of portfolio

Number of shares

25,000 sh

Holdings current value

$3.71M

Avg closing price

$114.72

+2.7%

Last action

Added

2025Q4

Current $117.86

Portfolio heatmap

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

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.

Technology10 pos$2.43B44.1%
Consumer Cyclical8 pos$1.28B23.2%
Communication Services3 pos$1.05B19.1%
Energy5 pos$299.8M5.4%
Industrials5 pos$266.1M4.8%
Healthcare2 pos$137.0M2.5%
Real Estate1 pos$27.6M0.5%
Basic Materials1 pos$20.5M0.4%

(2.6% unclassified, excluded from %)