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

Avg buy

$78.15

2017Q2

Current

$138.59

Return

+77.3%

Last action

Trimmed 20.3%

2025Q4

5,137,931 sh

$753.12M

GOOGALPHABET INC

Communication Services·Internet Content & Information

8.10%

of portfolio

Avg buy

$131.20

2016Q1

Current

$332.77

Return

+153.6%

Last action

Added 28.8%

2025Q4

1,786,931 sh

$560.74M

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

7.26%

of portfolio

Avg buy

$169.35

2019Q1

Current

$249.70

Return

+47.4%

Last action

Trimmed 12.8%

2025Q4

2,179,391 sh

$503.05M

MUMICRON TECHNOLOGY INC

Technology·Semiconductors

6.18%

of portfolio

Avg buy

$221.06

2016Q4

Current

$457.23

Return

+106.8%

Last action

Added 200.0%

2025Q4

1,500,000 sh

$428.12M

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

5.72%

of portfolio

Avg buy

$430.45

2016Q1

Current

$676.87

Return

+57.2%

Last action

Added 62.2%

2025Q4

600,000 sh

$396.05M

TSMTAIWAN SEMICONDUCTOR MFG LTDADR

Technology·Semiconductors

4.96%

of portfolio

Avg buy

$204.07

2023Q2

Current

$363.35

Return

+78.1%

Last action

Added 6.6%

2025Q4

1,130,000 sh

$343.40M

NVDANVIDIA CORPORATION

Technology·Semiconductors

4.58%

of portfolio

Avg buy

$180.19

2018Q1

Current

$200.57

Return

+11.3%

Last action

Trimmed 10.5%

2025Q4

1,700,000 sh

$317.05M

WHRWHIRLPOOL CORP

Consumer Cyclical·Furnishings, Fixtures & Appliances

4.07%

of portfolio

Avg buy

$81.00

2016Q1

Current

—

Return

—

Last action

Trimmed 28.9%

2025Q4

3,910,000 sh

$282.07M

NSCNRG ENERGY INC

Utilities·Utilities - Independent Power Producers

3.77%

of portfolio

Avg buy

$76.41

2017Q2

Current

—

Return

—

Last action

Trimmed 12.3%

2025Q4

1,640,000 sh

$261.15M

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

3.49%

of portfolio

Avg buy

$331.61

2020Q1

Current

$422.79

Return

+27.5%

Last action

Added 8.1%

2025Q4

500,000 sh

$241.81M

AALAMERICAN AIRLS GROUP INC

Industrials·Airlines

3.13%

of portfolio

Avg buy

$15.90

2016Q4

Current

$12.27

Return

-22.8%

Last action

Added 53.0%

2025Q4

14,150,000 sh

$216.92M

PDDPINDUODUO INCADR

Consumer Cyclical·Internet Retail

2.91%

of portfolio

Avg buy

$123.20

2023Q2

Current

—

Return

—

Last action

Trimmed 1.4%

2025Q4

1,775,000 sh

$201.27M

QCOMQUALCOMM INC

Technology·Semiconductors

2.83%

of portfolio

Avg buy

$150.89

2016Q3

Current

$134.47

Return

-10.9%

Last action

Trimmed 8.0%

2025Q4

1,145,000 sh

$195.85M

EWYISHARES INCETF

2.63%

of portfolio

Avg buy

$95.44

2020Q4

Current

$147.47

Return

+54.5%

Last action

New holding

2025Q4

1,875,000 sh

$182.29M

KWEBKRANESHARES TRETF

2.34%

of portfolio

Avg buy

$33.96

2023Q2

Current

—

Return

—

Last action

Trimmed 35.8%

2025Q4

4,750,000 sh

$161.74M

VSTVISTRA CORP

Utilities·Utilities - Independent Power Producers

2.20%

of portfolio

Avg buy

$88.53

2017Q4

Current

$165.53

Return

+87.0%

Last action

Trimmed 24.1%

2025Q4

945,000 sh

$152.46M

UBERUBER TECHNOLOGIES INC

Technology·Software - Application

2.18%

of portfolio

Avg buy

$57.08

2021Q2

Current

$76.48

Return

+34.0%

Last action

Trimmed 23.1%

2025Q4

1,850,000 sh

$151.16M

GLWCORNING INC

Technology·Electronic Components

1.99%

of portfolio

Avg buy

$47.30

2024Q4

Current

$166.08

Return

+251.1%

Last action

Trimmed 3.4%

2025Q4

1,570,200 sh

$137.49M

D18190898DEUTSCHE BANK A G

1.75%

of portfolio

Avg buy

$24.17

2025Q1

Current

—

Return

—

Last action

Trimmed 16.9%

2025Q4

3,150,000 sh

$121.46M

JDJD.COM INCADR

Consumer Cyclical·Internet Retail

1.72%

of portfolio

Avg buy

$34.17

2023Q2

Current

—

Return

—

Last action

Trimmed 33.2%

2025Q4

4,157,046 sh

$119.31M

OCOWENS CORNING NEW

Industrials·Building Products & Equipment

1.54%

of portfolio

Avg buy

$114.72

2016Q1

Current

$117.86

Return

+2.7%

Last action

Added 488.2%

2025Q4

950,000 sh

$106.31M

RTXRAYTHEON TECHNOLOGIES CORP

Industrials·Aerospace & Defense

1.32%

of portfolio

Avg buy

$146.02

2025Q2

Current

—

Return

—

Last action

Trimmed 1.9%

2025Q4

500,000 sh

$91.70M

LHXL3HARRIS TECHNOLOGIES INC

Industrials·Aerospace & Defense

1.25%

of portfolio

Avg buy

$215.24

2025Q1

Current

$353.41

Return

+64.2%

Last action

Trimmed 1.7%

2025Q4

295,000 sh

$86.60M

BIDUBAIDU INCADR

Communication Services·Internet Content & Information

1.08%

of portfolio

Avg buy

$121.76

2021Q1

Current

$125.03

Return

+2.7%

Last action

Trimmed 45.0%

2025Q4

575,000 sh

$75.13M

MHKMOHAWK INDS INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

1.07%

of portfolio

Avg buy

$117.72

2016Q1

Current

$102.15

Return

-13.2%

Last action

Added 318.0%

2025Q4

675,000 sh

$73.78M

LYFTLYFT INC

Technology·Software - Application

1.06%

of portfolio

Avg buy

$13.59

2024Q1

Current

—

Return

—

Last action

Trimmed 32.1%

2025Q4

3,800,000 sh

$73.61M

LRCXLAM RESEARCH CORP

Technology·Semiconductor Equipment & Materials

1.05%

of portfolio

Avg buy

$85.04

2024Q4

Current

$260.96

Return

+206.9%

Last action

Added 14.9%

2025Q4

425,000 sh

$72.75M

AMDADVANCED MICRO DEVICES INC

Technology·Semiconductors

1.01%

of portfolio

Avg buy

$114.28

2023Q2

Current

$278.26

Return

+143.5%

Last action

Trimmed 65.8%

2025Q4

325,000 sh

$69.60M

ASMLASML HOLDING N V

Technology·Semiconductor Equipment & Materials

0.97%

of portfolio

Avg buy

$720.79

2023Q2

Current

$1411

Return

+95.7%

Last action

Trimmed 2.3%

2025Q4

62,500 sh

$66.87M

UNHUNITEDHEALTH GROUP INC

Healthcare·Healthcare Plans

0.95%

of portfolio

Avg buy

$315.57

2017Q1

Current

$316.40

Return

+0.3%

Last action

Trimmed 1.7%

2025Q4

200,000 sh

$66.02M

BALLBALL CORP

Consumer Cyclical·Packaging & Containers

0.92%

of portfolio

Avg buy

$52.97

2025Q4

Current

—

Return

—

Last action

New holding

2025Q4

1,200,000 sh

$63.56M

IQVIQVIA HLDGS INC

Healthcare·Diagnostics & Research

0.91%

of portfolio

Avg buy

$157.59

2025Q2

Current

$171.95

Return

+9.1%

Last action

Trimmed 1.8%

2025Q4

280,000 sh

$63.11M

UALUNITED AIRLS HLDGS INC

Industrials·Airlines

0.75%

of portfolio

Avg buy

$71.57

2016Q4

Current

—

Return

—

Last action

Added 0.5%

2025Q4

465,000 sh

$52.00M

FXIISHARES TRETF

0.60%

of portfolio

Avg buy

$27.11

2023Q2

Current

—

Return

—

Last action

Trimmed 2.0%

2025Q4

1,087,500 sh

$41.64M

ETENERGY TRANSFER L PMLP

Energy·Oil & Gas Midstream

0.52%

of portfolio

Avg buy

$9.20

2017Q2

Current

—

Return

—

Last action

Trimmed 55.8%

2025Q4

2,191,250 sh

$36.13M

MPLXMPLX LPMLP

Energy·Oil & Gas Midstream

0.48%

of portfolio

Avg buy

$36.29

2020Q4

Current

—

Return

—

Last action

Added 17.3%

2025Q4

627,500 sh

$33.49M

DALDELTA AIR LINES INC DEL

Industrials·Airlines

0.48%

of portfolio

Avg buy

$49.09

2016Q1

Current

$69.89

Return

+42.4%

Last action

Added 2.7%

2025Q4

475,000 sh

$32.97M

GTGOODYEAR TIRE & RUBR CO

Consumer Cyclical·Auto Parts

0.32%

of portfolio

Avg buy

$8.17

2016Q1

Current

—

Return

—

Last action

Trimmed 51.4%

2025Q4

2,500,000 sh

$21.90M

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 %)