Hedge Fund · CIK 0001656456

David Tepper

Appaloosa
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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 filingsView holdings
Portfolio
$6.85B
Positions
38
Quarter
2025Q4
Filings tracked
40
1Y+60.1%3Y+239.4%5Y+278.5%10Y+105.8%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1

Holdings

Sorted by value · 2025Q4
38 positions
1
BABAALIBABA GROUP HLDG LTDADR
Consumer Cyclical·Internet Retail
10.88%
of portfolio
Number of shares
5,137,931 sh
Holdings current value
$753.12M
Avg closing price
$78.15
+80.4%
Last action
Trimmed 20.3%
2025Q4
Current $141.01
2
GOOGALPHABET INC
Communication Services·Internet Content & Information
8.10%
of portfolio
Number of shares
1,786,931 sh
Holdings current value
$560.74M
Avg closing price
$179.32
+89.3%
Last action
Added 28.8%
2025Q4
Current $339.40
3
AMZNAMAZON COM INC
Consumer Cyclical·Internet Retail
7.26%
of portfolio
Number of shares
2,179,391 sh
Holdings current value
$503.05M
Avg closing price
$169.35
+48.0%
Last action
Trimmed 12.8%
2025Q4
Current $250.56
4
MUMICRON TECHNOLOGY INC
Technology·Semiconductors
6.18%
of portfolio
Number of shares
1,500,000 sh
Holdings current value
$428.12M
Avg closing price
$221.06
+105.9%
Last action
Added 200.0%
2025Q4
Current $455.07
5
METAMETA PLATFORMS INC
Communication Services·Internet Content & Information
5.72%
of portfolio
Number of shares
600,000 sh
Holdings current value
$396.05M
Avg closing price
$430.45
+60.0%
Last action
Added 62.2%
2025Q4
Current $688.55
6
TSMTAIWAN SEMICONDUCTOR MFG LTDADR
Technology·Semiconductors
4.96%
of portfolio
Number of shares
1,130,000 sh
Holdings current value
$343.40M
Avg closing price
$204.07
+81.6%
Last action
Added 6.6%
2025Q4
Current $370.50
7
NVDANVIDIA CORPORATION
Technology·Semiconductors
4.58%
of portfolio
Number of shares
1,700,000 sh
Holdings current value
$317.05M
Avg closing price
$180.19
+11.9%
Last action
Trimmed 10.5%
2025Q4
Current $201.68
8
WHRWHIRLPOOL CORP
Consumer Cyclical·Furnishings, Fixtures & Appliances
4.07%
of portfolio
Number of shares
3,910,000 sh
Holdings current value
$282.07M
Avg closing price
$81.00
-29.8%
Last action
Trimmed 28.9%
2025Q4
Current $56.83
9
NSCNRG ENERGY INC
Utilities·Utilities - Independent Power Producers
3.77%
of portfolio
Number of shares
1,640,000 sh
Holdings current value
$261.15M
Avg closing price
$76.41
+295.7%
Last action
Trimmed 12.3%
2025Q4
Current $302.38
10
MSFTMICROSOFT CORP
Technology·Software - Infrastructure
3.49%
of portfolio
Number of shares
500,000 sh
Holdings current value
$241.81M
Avg closing price
$331.61
+27.5%
Last action
Added 8.1%
2025Q4
Current $422.79
11
AALAMERICAN AIRLS GROUP INC
Industrials·Airlines
3.13%
of portfolio
Number of shares
14,150,000 sh
Holdings current value
$216.92M
Avg closing price
$15.90
-19.6%
Last action
Added 53.0%
2025Q4
Current $12.78
12
PDDPINDUODUO INCADR
Consumer Cyclical·Internet Retail
2.91%
of portfolio
Number of shares
1,775,000 sh
Holdings current value
$201.27M
Avg closing price
$123.20
-14.9%
Last action
Trimmed 1.4%
2025Q4
Current $104.79
13
QCOMQUALCOMM INC
Technology·Semiconductors
2.83%
of portfolio
Number of shares
1,145,000 sh
Holdings current value
$195.85M
Avg closing price
$150.89
-9.7%
Last action
Trimmed 8.0%
2025Q4
Current $136.20
14
EWYISHARES INCETF
2.63%
of portfolio
Number of shares
1,875,000 sh
Holdings current value
$182.29M
Avg closing price
$95.44
+59.6%
Last action
New holding
2025Q4
Current $152.33
15
KWEBKRANESHARES TRETF
2.34%
of portfolio
Number of shares
4,750,000 sh
Holdings current value
$161.74M
Avg closing price
$33.96
-10.3%
Last action
Trimmed 35.8%
2025Q4
Current $30.45
16
VSTVISTRA CORP
Utilities·Utilities - Independent Power Producers
2.20%
of portfolio
Number of shares
945,000 sh
Holdings current value
$152.46M
Avg closing price
$88.53
+84.6%
Last action
Trimmed 24.1%
2025Q4
Current $163.46
17
UBERUBER TECHNOLOGIES INC
Technology·Software - Application
2.18%
of portfolio
Number of shares
1,850,000 sh
Holdings current value
$151.16M
Avg closing price
$57.08
+35.1%
Last action
Trimmed 23.1%
2025Q4
Current $77.12
18
GLWCORNING INC
Technology·Electronic Components
1.99%
of portfolio
Number of shares
1,570,200 sh
Holdings current value
$137.49M
Avg closing price
$47.30
+247.6%
Last action
Trimmed 3.4%
2025Q4
Current $164.38
19
D18190898DEUTSCHE BANK A G
1.75%
of portfolio
Number of shares
3,150,000 sh
Holdings current value
$121.46M
Avg closing price
$24.17
Last action
Trimmed 16.9%
2025Q4
Current —
20
JDJD.COM INCADR
Consumer Cyclical·Internet Retail
1.72%
of portfolio
Number of shares
4,157,046 sh
Holdings current value
$119.31M
Avg closing price
$34.17
-7.5%
Last action
Trimmed 33.2%
2025Q4
Current $31.60
21
OCOWENS CORNING NEW
Industrials·Building Products & Equipment
1.54%
of portfolio
Number of shares
950,000 sh
Holdings current value
$106.31M
Avg closing price
$114.72
+7.1%
Last action
Added 488.2%
2025Q4
Current $122.84
22
RTXRAYTHEON TECHNOLOGIES CORP
Industrials·Aerospace & Defense
1.32%
of portfolio
Number of shares
500,000 sh
Holdings current value
$91.70M
Avg closing price
$146.02
+34.5%
Last action
Trimmed 1.9%
2025Q4
Current $196.42
23
LHXL3HARRIS TECHNOLOGIES INC
Industrials·Aerospace & Defense
1.25%
of portfolio
Number of shares
295,000 sh
Holdings current value
$86.60M
Avg closing price
$215.24
+62.8%
Last action
Trimmed 1.7%
2025Q4
Current $350.35
24
BIDUBAIDU INCADR
Communication Services·Internet Content & Information
1.08%
of portfolio
Number of shares
575,000 sh
Holdings current value
$75.13M
Avg closing price
$121.76
+3.6%
Last action
Trimmed 45.0%
2025Q4
Current $126.13
25
MHKMOHAWK INDS INC
Consumer Cyclical·Furnishings, Fixtures & Appliances
1.07%
of portfolio
Number of shares
675,000 sh
Holdings current value
$73.78M
Avg closing price
$117.72
-7.6%
Last action
Added 318.0%
2025Q4
Current $108.83
26
LYFTLYFT INC
Technology·Software - Application
1.06%
of portfolio
Number of shares
3,800,000 sh
Holdings current value
$73.61M
Avg closing price
$13.59
+10.0%
Last action
Trimmed 32.1%
2025Q4
Current $14.95
27
LRCXLAM RESEARCH CORP
Technology·Semiconductor Equipment & Materials
1.05%
of portfolio
Number of shares
425,000 sh
Holdings current value
$72.75M
Avg closing price
$85.04
+214.7%
Last action
Added 14.9%
2025Q4
Current $267.60
28
AMDADVANCED MICRO DEVICES INC
Technology·Semiconductors
1.01%
of portfolio
Number of shares
325,000 sh
Holdings current value
$69.60M
Avg closing price
$114.28
+143.6%
Last action
Trimmed 65.8%
2025Q4
Current $278.39
29
ASMLASML HOLDING N V
Technology·Semiconductor Equipment & Materials
0.97%
of portfolio
Number of shares
62,500 sh
Holdings current value
$66.87M
Avg closing price
$720.79
+102.5%
Last action
Trimmed 2.3%
2025Q4
Current $1460
30
UNHUNITEDHEALTH GROUP INC
Healthcare·Healthcare Plans
0.95%
of portfolio
Number of shares
200,000 sh
Holdings current value
$66.02M
Avg closing price
$315.57
+2.9%
Last action
Trimmed 1.7%
2025Q4
Current $324.63
31
BALLBALL CORP
Consumer Cyclical·Packaging & Containers
0.92%
of portfolio
Number of shares
1,200,000 sh
Holdings current value
$63.56M
Avg closing price
$52.97
+21.7%
Last action
New holding
2025Q4
Current $64.48
32
IQVIQVIA HLDGS INC
Healthcare·Diagnostics & Research
0.91%
of portfolio
Number of shares
280,000 sh
Holdings current value
$63.11M
Avg closing price
$157.59
+12.0%
Last action
Trimmed 1.8%
2025Q4
Current $176.46
33
UALUNITED AIRLS HLDGS INC
Industrials·Airlines
0.75%
of portfolio
Number of shares
465,000 sh
Holdings current value
$52.00M
Avg closing price
$71.57
+42.2%
Last action
Added 0.5%
2025Q4
Current $101.80
34
FXIISHARES TRETF
0.60%
of portfolio
Number of shares
1,087,500 sh
Holdings current value
$41.64M
Avg closing price
$27.11
+38.7%
Last action
Trimmed 2.0%
2025Q4
Current $37.60
35
ETENERGY TRANSFER L PMLP
Energy·Oil & Gas Midstream
0.52%
of portfolio
Number of shares
2,191,250 sh
Holdings current value
$36.13M
Avg closing price
$9.20
+104.9%
Last action
Trimmed 55.8%
2025Q4
Current $18.86
36
MPLXMPLX LPMLP
Energy·Oil & Gas Midstream
0.48%
of portfolio
Number of shares
627,500 sh
Holdings current value
$33.49M
Avg closing price
$36.29
+54.0%
Last action
Added 17.3%
2025Q4
Current $55.88
37
DALDELTA AIR LINES INC DEL
Industrials·Airlines
0.48%
of portfolio
Number of shares
475,000 sh
Holdings current value
$32.97M
Avg closing price
$49.09
+46.1%
Last action
Added 2.7%
2025Q4
Current $71.72
38
GTGOODYEAR TIRE & RUBR CO
Consumer Cyclical·Auto Parts
0.32%
of portfolio
Number of shares
2,500,000 sh
Holdings current value
$21.90M
Avg closing price
$8.17
-13.5%
Last action
Trimmed 51.4%
2025Q4
Current $7.06

Portfolio heatmap

Box size = % of portfolio · color = return since filing
BABA
10.88% · -3.8%
GOOG
8.10% · +8.2%
AMZN
7.26% · +8.6%
MU
6.18% · +59.4%
META
5.72% · +4.3%
TSM
4.96% · +21.9%
NVDA
4.58% · +8.1%
WHR
4.07% · -21.2%
NSC
3.77% · +89.9%
MSFT
3.49% · -12.6%
AAL
3.13% · -16.6%
PDD
2.91% · -7.6%
QCOM
2.83% · -20.4%
EWY
2.63% · +56.7%
KWEB
2.34% · -10.6%
VST
2.20% · +1.3%
UBER
2.18% · -5.6%
GLW
1.99% · +87.7%
DEUTSCHE BANK A G
1.75%
JD
1.72% · +10.1%
OC
1.54% · +9.8%
RTX
1.32% · +7.1%
LHX
1.25% · +19.3%
BIDU
1.08% · -3.5%
14 more
11.08%

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.
(7.4% unclassified, excluded from %)