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 · 2025Q2

Sector38 positions

BABAALIBABA GROUP HLDG LTDADR

Consumer Cyclical·Internet Retail

12.43%

of portfolio

Number of shares

7,067,271 sh

Holdings current value

$801.50M

Avg closing price

$78.15

+77.3%

Last action

Trimmed 15.7%

2025Q4

Current $138.59

UNHUNITEDHEALTH GROUP INC

Healthcare·Healthcare Plans

11.85%

of portfolio

Number of shares

2,450,000 sh

Holdings current value

$764.33M

Avg closing price

$315.57

+0.3%

Last action

Trimmed 0.1%

2025Q4

Current $316.40

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

9.19%

of portfolio

Number of shares

2,700,000 sh

Holdings current value

$592.35M

Avg closing price

$169.35

+47.4%

Last action

Trimmed 10.6%

2025Q4

Current $249.70

VSTVISTRA CORP

Utilities·Utilities - Independent Power Producers

5.41%

of portfolio

Number of shares

1,800,000 sh

Holdings current value

$348.86M

Avg closing price

$88.53

+87.0%

Last action

Trimmed 14.3%

2025Q4

Current $165.53

NSCNRG ENERGY INC

Utilities·Utilities - Independent Power Producers

4.93%

of portfolio

Number of shares

1,980,000 sh

Holdings current value

$317.95M

Avg closing price

$76.41

Last action

Trimmed 10.4%

2025Q4

Current —

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

4.58%

of portfolio

Number of shares

400,000 sh

Holdings current value

$295.24M

Avg closing price

$430.45

+57.2%

Last action

Added 135.3%

2025Q4

Current $676.87

NVDANVIDIA CORPORATION

Technology·Semiconductors

4.29%

of portfolio

Number of shares

1,750,000 sh

Holdings current value

$276.48M

Avg closing price

$180.19

+11.3%

Last action

Trimmed 10.3%

2025Q4

Current $200.57

GOOGALPHABET INC

Communication Services·Internet Content & Information

4.13%

of portfolio

Number of shares

1,500,000 sh

Holdings current value

$266.08M

Avg closing price

$179.32

+85.6%

Last action

Added 36.3%

2025Q4

Current $332.77

UBERUBER TECHNOLOGIES INC

Technology·Software - Application

3.98%

of portfolio

Number of shares

2,750,000 sh

Holdings current value

$256.57M

Avg closing price

$57.08

+34.0%

Last action

Trimmed 16.8%

2025Q4

Current $76.48

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

3.86%

of portfolio

Number of shares

500,000 sh

Holdings current value

$248.71M

Avg closing price

$331.61

+27.5%

Last action

Added 8.1%

2025Q4

Current $422.79

TSMTAIWAN SEMICONDUCTOR MFG LTDADR

Technology·Semiconductors

3.60%

of portfolio

Number of shares

1,025,000 sh

Holdings current value

$232.15M

Avg closing price

$204.07

+78.1%

Last action

Added 7.3%

2025Q4

Current $363.35

JDJD.COM INCADR

Consumer Cyclical·Internet Retail

3.54%

of portfolio

Number of shares

7,000,000 sh

Holdings current value

$228.48M

Avg closing price

$34.17

Last action

Trimmed 22.8%

2025Q4

Current —

PDDPINDUODUO INCADR

Consumer Cyclical·Internet Retail

3.25%

of portfolio

Number of shares

2,000,000 sh

Holdings current value

$209.32M

Avg closing price

$123.20

Last action

Trimmed 1.2%

2025Q4

Current —

INTCINTEL CORP

Technology·Semiconductors

2.78%

of portfolio

Number of shares

8,000,000 sh

Holdings current value

$179.20M

Avg closing price

$23.78

+188.1%

Last action

Exited

2025Q3

Current $68.50

KWEBKRANESHARES TRETF

2.13%

of portfolio

Number of shares

4,000,000 sh

Holdings current value

$137.32M

Avg closing price

$33.96

Last action

Trimmed 39.8%

2025Q4

Current —

LYFTLYFT INC

Technology·Software - Application

1.96%

of portfolio

Number of shares

8,000,000 sh

Holdings current value

$126.08M

Avg closing price

$13.59

Last action

Trimmed 18.4%

2025Q4

Current —

D18190898DEUTSCHE BANK A G

1.82%

of portfolio

Number of shares

4,000,000 sh

Holdings current value

$117.12M

Avg closing price

$24.17

Last action

Trimmed 13.8%

2025Q4

Current —

MUMICRON TECHNOLOGY INC

Technology·Semiconductors

1.58%

of portfolio

Number of shares

825,000 sh

Holdings current value

$101.68M

Avg closing price

$221.06

+106.8%

Last action

Added

2025Q4

Current $457.23

GLWCORNING INC

Technology·Electronic Components

1.43%

of portfolio

Number of shares

1,750,000 sh

Holdings current value

$92.03M

Avg closing price

$47.30

+251.1%

Last action

Trimmed 3.0%

2025Q4

Current $166.08

ETENERGY TRANSFER L PMLP

Energy·Oil & Gas Midstream

1.39%

of portfolio

Number of shares

4,957,235 sh

Holdings current value

$89.87M

Avg closing price

$9.20

Last action

Trimmed 35.8%

2025Q4

Current —

LHXL3HARRIS TECHNOLOGIES INC

Industrials·Aerospace & Defense

1.36%

of portfolio

Number of shares

350,000 sh

Holdings current value

$87.79M

Avg closing price

$215.24

+64.2%

Last action

Trimmed 1.4%

2025Q4

Current $353.41

RTXRAYTHEON TECHNOLOGIES CORP

Industrials·Aerospace & Defense

1.32%

of portfolio

Number of shares

585,000 sh

Holdings current value

$85.42M

Avg closing price

$146.02

Last action

Trimmed 1.6%

2025Q4

Current —

CZRCAESARS ENTERTAINMENT INC NE

Consumer Cyclical·Resorts & Casinos

0.92%

of portfolio

Number of shares

2,100,000 sh

Holdings current value

$59.62M

Avg closing price

$46.69

Last action

Exited

2025Q4

Current —

ASMLASML HOLDING N V

Technology·Semiconductor Equipment & Materials

0.87%

of portfolio

Number of shares

70,000 sh

Holdings current value

$56.10M

Avg closing price

$720.79

+95.7%

Last action

Trimmed 2.1%

2025Q4

Current $1411

QCOMQUALCOMM INC

Technology·Semiconductors

0.86%

of portfolio

Number of shares

350,000 sh

Holdings current value

$55.74M

Avg closing price

$150.89

-10.9%

Last action

Trimmed 22.2%

2025Q4

Current $134.47

BIDUBAIDU INCADR

Communication Services·Internet Content & Information

0.83%

of portfolio

Number of shares

625,000 sh

Holdings current value

$53.60M

Avg closing price

$121.76

+2.7%

Last action

Trimmed 42.9%

2025Q4

Current $125.03

IQVIQVIA HLDGS INC

Healthcare·Diagnostics & Research

0.73%

of portfolio

Number of shares

300,000 sh

Holdings current value

$47.28M

Avg closing price

$157.59

+9.1%

Last action

Trimmed 1.6%

2025Q4

Current $171.95

UALUNITED AIRLS HLDGS INC

Industrials·Airlines

0.68%

of portfolio

Number of shares

550,000 sh

Holdings current value

$43.80M

Avg closing price

$71.57

Last action

Added 0.5%

2025Q4

Current —

XYZBLOCK INC

Technology·Software - Infrastructure

0.68%

of portfolio

Number of shares

641,800 sh

Holdings current value

$43.60M

Avg closing price

$72.25

-5.0%

Last action

Exited

2025Q4

Current $68.67

LRCXLAM RESEARCH CORP

Technology·Semiconductor Equipment & Materials

0.60%

of portfolio

Number of shares

400,000 sh

Holdings current value

$38.94M

Avg closing price

$85.04

+206.9%

Last action

Added 15.9%

2025Q4

Current $260.96

FXIISHARES TRETF

0.57%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$36.76M

Avg closing price

$27.11

Last action

Trimmed 2.2%

2025Q4

Current —

ORCLORACLE CORP

Technology·Software - Infrastructure

0.51%

of portfolio

Number of shares

150,000 sh

Holdings current value

$32.79M

Avg closing price

$113.98

+56.5%

Last action

Exited

2025Q3

Current $178.34

MPLXMPLX LPMLP

Energy·Oil & Gas Midstream

0.46%

of portfolio

Number of shares

578,500 sh

Holdings current value

$29.80M

Avg closing price

$36.29

Last action

Added 19.0%

2025Q4

Current —

DALDELTA AIR LINES INC DEL

Industrials·Airlines

0.42%

of portfolio

Number of shares

550,000 sh

Holdings current value

$27.05M

Avg closing price

$49.09

+42.4%

Last action

Added 2.3%

2025Q4

Current $69.89

WHRWHIRLPOOL CORP

Consumer Cyclical·Furnishings, Fixtures & Appliances

0.42%

of portfolio

Number of shares

266,092 sh

Holdings current value

$26.99M

Avg closing price

$81.00

Last action

Trimmed 85.7%

2025Q4

Current —

BEKEKE HLDGS INCADR

Real Estate·Real Estate Services

0.41%

of portfolio

Number of shares

1,500,000 sh

Holdings current value

$26.61M

Avg closing price

$15.92

Last action

Exited

2025Q3

Current —

GTGOODYEAR TIRE & RUBR CO

Consumer Cyclical·Auto Parts

0.14%

of portfolio

Number of shares

861,782 sh

Holdings current value

$8.94M

Avg closing price

$8.17

Last action

Trimmed 75.4%

2025Q4

Current —

MHKMOHAWK INDS INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

0.11%

of portfolio

Number of shares

65,000 sh

Holdings current value

$6.81M

Avg closing price

$117.72

-13.2%

Last action

Added

2025Q4

Current $102.15

Portfolio heatmap

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

Sector exposure

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

Consumer Cyclical8 pos$1.93B31.4%
Technology13 pos$1.74B28.3%
Healthcare2 pos$811.6M13.2%
Utilities2 pos$666.8M10.8%
Communication Services3 pos$614.9M10.0%
Industrials4 pos$244.1M4.0%
Energy2 pos$119.7M1.9%
Real Estate1 pos$26.6M0.4%

(4.5% unclassified, excluded from %)