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 · 2024Q4

Sector37 positions

BABAALIBABA GROUP HLDG LTDADR

Consumer Cyclical·Internet Retail

15.54%

of portfolio

Number of shares

11,843,158 sh

Holdings current value

$1.00B

Avg closing price

$78.15

+77.3%

Last action

Trimmed 10.0%

2025Q4

Current $138.59

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

8.82%

of portfolio

Number of shares

2,600,000 sh

Holdings current value

$570.41M

Avg closing price

$169.35

+47.4%

Last action

Trimmed 11.0%

2025Q4

Current $249.70

PDDPINDUODUO INCADR

Consumer Cyclical·Internet Retail

8.04%

of portfolio

Number of shares

5,356,132 sh

Holdings current value

$519.49M

Avg closing price

$123.20

Last action

Trimmed 0.5%

2025Q4

Current —

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

6.33%

of portfolio

Number of shares

970,000 sh

Holdings current value

$408.86M

Avg closing price

$331.61

+27.5%

Last action

Added 4.0%

2025Q4

Current $422.79

VSTVISTRA CORP

Utilities·Utilities - Independent Power Producers

5.76%

of portfolio

Number of shares

2,700,000 sh

Holdings current value

$372.25M

Avg closing price

$88.53

+87.0%

Last action

Trimmed 10.0%

2025Q4

Current $165.53

JDJD.COM INCADR

Consumer Cyclical·Internet Retail

5.61%

of portfolio

Number of shares

10,465,885 sh

Holdings current value

$362.85M

Avg closing price

$34.17

Last action

Trimmed 16.5%

2025Q4

Current —

GOOGALPHABET INC

Communication Services·Internet Content & Information

5.54%

of portfolio

Number of shares

1,881,963 sh

Holdings current value

$358.40M

Avg closing price

$131.20

+153.6%

Last action

Added 26.9%

2025Q4

Current $332.77

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

4.44%

of portfolio

Number of shares

490,000 sh

Holdings current value

$286.90M

Avg closing price

$430.45

+57.2%

Last action

Added 88.5%

2025Q4

Current $676.87

ORCLORACLE CORP

Technology·Software - Infrastructure

3.61%

of portfolio

Number of shares

1,400,000 sh

Holdings current value

$233.30M

Avg closing price

$113.98

+56.5%

Last action

Exited

2025Q3

Current $178.34

FXIISHARES TRETF

3.13%

of portfolio

Number of shares

6,637,128 sh

Holdings current value

$202.03M

Avg closing price

$27.11

Last action

Trimmed 0.3%

2025Q4

Current —

LYFTLYFT INC

Technology·Software - Application

2.69%

of portfolio

Number of shares

13,500,000 sh

Holdings current value

$174.15M

Avg closing price

$13.59

Last action

Trimmed 11.8%

2025Q4

Current —

NSCNRG ENERGY INC

Utilities·Utilities - Independent Power Producers

2.53%

of portfolio

Number of shares

1,815,000 sh

Holdings current value

$163.75M

Avg closing price

$76.41

Last action

Trimmed 11.2%

2025Q4

Current —

AMDADVANCED MICRO DEVICES INC

Technology·Semiconductors

2.24%

of portfolio

Number of shares

1,200,000 sh

Holdings current value

$144.95M

Avg closing price

$114.28

+143.5%

Last action

Trimmed 34.2%

2025Q4

Current $278.26

KWEBKRANESHARES TRETF

2.07%

of portfolio

Number of shares

4,575,695 sh

Holdings current value

$133.79M

Avg closing price

$33.96

Last action

Trimmed 36.7%

2025Q4

Current —

BIDUBAIDU INCADR

Communication Services·Internet Content & Information

1.99%

of portfolio

Number of shares

1,527,909 sh

Holdings current value

$128.82M

Avg closing price

$121.76

+2.7%

Last action

Trimmed 23.5%

2025Q4

Current $125.03

QCOMQUALCOMM INC

Technology·Semiconductors

1.90%

of portfolio

Number of shares

800,000 sh

Holdings current value

$122.90M

Avg closing price

$150.89

-10.9%

Last action

Trimmed 11.1%

2025Q4

Current $134.47

ASMLASML HOLDING N V

Technology·Semiconductor Equipment & Materials

1.72%

of portfolio

Number of shares

160,000 sh

Holdings current value

$110.89M

Avg closing price

$720.79

+95.7%

Last action

Trimmed 0.9%

2025Q4

Current $1411

MUMICRON TECHNOLOGY INC

Technology·Semiconductors

1.56%

of portfolio

Number of shares

1,200,000 sh

Holdings current value

$100.99M

Avg closing price

$221.06

+106.8%

Last action

Added 500.0%

2025Q4

Current $457.23

FDXFEDEX CORP

Industrials·Integrated Freight & Logistics

1.52%

of portfolio

Number of shares

350,000 sh

Holdings current value

$98.47M

Avg closing price

$237.45

+60.4%

Last action

Exited

2025Q1

Current $380.88

ETENERGY TRANSFER L PMLP

Energy·Oil & Gas Midstream

1.49%

of portfolio

Number of shares

4,914,735 sh

Holdings current value

$96.28M

Avg closing price

$9.20

Last action

Trimmed 36.0%

2025Q4

Current —

NVDANVIDIA CORPORATION

Technology·Semiconductors

1.41%

of portfolio

Number of shares

680,001 sh

Holdings current value

$91.32M

Avg closing price

$180.19

+11.3%

Last action

Trimmed 22.7%

2025Q4

Current $200.57

UBERUBER TECHNOLOGIES INC

Technology·Software - Application

1.40%

of portfolio

Number of shares

1,500,000 sh

Holdings current value

$90.48M

Avg closing price

$57.08

+34.0%

Last action

Trimmed 27.1%

2025Q4

Current $76.48

LRCXLAM RESEARCH CORP

Technology·Semiconductor Equipment & Materials

1.40%

of portfolio

Number of shares

1,250,000 sh

Holdings current value

$90.29M

Avg closing price

$85.04

+206.9%

Last action

Added 4.6%

2025Q4

Current $260.96

UNHUNITEDHEALTH GROUP INC

Healthcare·Healthcare Plans

1.37%

of portfolio

Number of shares

174,500 sh

Holdings current value

$88.27M

Avg closing price

$315.57

+0.3%

Last action

Trimmed 2.0%

2025Q4

Current $316.40

CZRCAESARS ENTERTAINMENT INC NE

Consumer Cyclical·Resorts & Casinos

1.14%

of portfolio

Number of shares

2,200,000 sh

Holdings current value

$73.52M

Avg closing price

$46.69

Last action

Exited

2025Q4

Current —

GLWCORNING INC

Technology·Electronic Components

1.10%

of portfolio

Number of shares

1,500,000 sh

Holdings current value

$71.28M

Avg closing price

$47.30

+251.1%

Last action

Trimmed 3.5%

2025Q4

Current $166.08

TSMTAIWAN SEMICONDUCTOR MFG LTDADR

Technology·Semiconductors

0.76%

of portfolio

Number of shares

250,000 sh

Holdings current value

$49.37M

Avg closing price

$204.07

+78.1%

Last action

Added 38.9%

2025Q4

Current $363.35

BEKEKE HLDGS INCADR

Real Estate·Real Estate Services

0.73%

of portfolio

Number of shares

2,574,074 sh

Holdings current value

$47.41M

Avg closing price

$15.92

Last action

Exited

2025Q3

Current —

LVSLAS VEGAS SANDS CORP

Consumer Cyclical·Resorts & Casinos

0.72%

of portfolio

Number of shares

900,000 sh

Holdings current value

$46.22M

Avg closing price

$46.40

+22.2%

Last action

Exited

2025Q2

Current $56.71

WYNNWYNN RESORTS LTD

Consumer Cyclical·Resorts & Casinos

0.67%

of portfolio

Number of shares

500,000 sh

Holdings current value

$43.08M

Avg closing price

$91.34

Last action

Exited

2025Q2

Current —

EQTEQT CORP

Energy·Oil & Gas E&P

0.57%

of portfolio

Number of shares

800,000 sh

Holdings current value

$36.89M

Avg closing price

$19.48

+199.8%

Last action

Exited

2025Q1

Current $58.39

ARANTERO RESOURCES CORP

Energy·Oil & Gas E&P

0.46%

of portfolio

Number of shares

840,000 sh

Holdings current value

$29.44M

Avg closing price

$17.29

+116.8%

Last action

Exited

2025Q1

Current $37.49

EXECHESAPEAKE ENERGY CORP

Energy·Oil & Gas E&P

0.45%

of portfolio

Number of shares

295,000 sh

Holdings current value

$29.37M

Avg closing price

$86.51

+12.5%

Last action

Exited

2025Q1

Current $97.36

MPLXMPLX LPMLP

Energy·Oil & Gas Midstream

0.43%

of portfolio

Number of shares

578,500 sh

Holdings current value

$27.69M

Avg closing price

$36.29

Last action

Added 19.0%

2025Q4

Current —

165167172CHESAPEAKE ENERGY CORP

0.35%

of portfolio

Number of shares

250,000 sh

Holdings current value

$22.73M

Avg closing price

$19.74

Last action

Exited

2025Q2

Current —

INTCINTEL CORP

Technology·Semiconductors

0.31%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$20.05M

Avg closing price

$23.78

+188.1%

Last action

Exited

2025Q3

Current $68.50

EXEELCHESAPEAKE ENERGY CORPWT

0.20%

of portfolio

Number of shares

150,000 sh

Holdings current value

$12.83M

Avg closing price

$16.80

Last action

Exited

2025Q2

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.

Consumer Cyclical7 pos$2.62B43.0%
Technology13 pos$1.71B28.0%
Communication Services3 pos$774.1M12.7%
Utilities2 pos$536.0M8.8%
Energy5 pos$219.7M3.6%
Industrials1 pos$98.5M1.6%
Healthcare1 pos$88.3M1.4%
Real Estate1 pos$47.4M0.8%

(5.7% unclassified, excluded from %)