David Tepper
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.
What David is holding in options
David Tepper (Appaloosa) disclosed 1 option position for the 2023Q4 quarter — 1 long-call and 0 long-puts — totaling $133.5M of underlying-share notional value. The largest exposures are a call on ARKK. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
1 position · $133.5M notional1 CALL · $133.5M| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| CALL | ARKKARK ETF TR | 2.5M | $133.5M | 2.3% |
Notional = value of the underlying shares at the quarter-end snapshot, not the option premium paid. A long PUT is a bearish bet on the underlying; a long CALL is a bullish bet. The reported value is included in the portfolio total but does not reflect actual capital at risk.