13F institutional portfolio research
Appaloosa Management portfolio update: latest 13F positions and quarterly moves
Deterministic analysis from filing data
What changed in Appaloosa Management's latest portfolio
Portfolio construction is the clearest first read on Appaloosa Management. Q1 2026 reports 31 positions totaling $5.9B. The book is moderately concentrated, with the top five positions representing 48% of total value.
New, increased, reduced, and exited positions reveal the moving parts. The largest measured share-count move this quarter was an increase in UBER by 242.3%. Appaloosa Management initiated 1 new position, the most prominent being SANDISK CORP at $178.7M. 8 positions were fully exited, including AMERICAN AIRLS GROUP INC (last quarter valued at $216.9M).
A multi-quarter view separates persistence from one reporting-period move. Compared with the prior four tracked quarters: reported value is meaningfully lower than the trailing average, reflecting net selling as well as quarter-end market values. New-position activity was comparatively quiet: 1 versus a trailing average of 6.8.
Peer portfolios provide a reference point for Appaloosa Management's concentration and sector mix. Soros Fund Management (255 positions; top sector: Consumer Discretionary); Pershing Square (11 positions; top sector: Consumer Discretionary); Third Point (33 positions; top sector: Consumer Discretionary). See the last four quarters table below for the full arc of Appaloosa Management's reported activity.
Current snapshot
All reported holdings
31 active positions ranked by reported market value.
| Ticker | Company | Shares | Market value | % of portfolio | Change vs. prior quarter |
|---|---|---|---|---|---|
| AMZN | AMAZON COM INC | 4,320,000 | $899.7M | 15.16% | +98.2% |
| — | MICRON TECHNOLOGY INC | 1,665,000 | $562.5M | 9.48% | -4.9% |
| GOOG | ALPHABET INC | 1,732,700 | $497.0M | 8.38% | -3.0% |
| UBER | UBER TECHNOLOGIES INC | 6,332,720 | $455.5M | 7.68% | +242.3% |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | 1,327,500 | $448.6M | 7.56% | +17.5% |
| — | ALIBABA GROUP HLDG LTD | 3,465,000 | $434.7M | 7.33% | -32.6% |
| — | VISTRA CORP | 2,022,332 | $304.0M | 5.12% | +114.0% |
| — | ISHARES INC | 2,400,000 | $295.2M | 4.98% | +28.0% |
| NVDA | NVIDIA CORPORATION | 1,471,500 | $256.6M | 4.33% | -13.4% |
| — | NRG ENERGY INC | 1,734,442 | $253.5M | 4.27% | +5.8% |
| META | META PLATFORMS INC | 436,500 | $249.7M | 4.21% | -27.3% |
| — | SANDISK CORP | 281,250 | $178.7M | 3.01% | New |
| — | CORNING INC | 1,129,500 | $153.6M | 2.59% | -28.1% |
| — | WHIRLPOOL CORP | 1,950,000 | $105.1M | 1.77% | -50.1% |
| — | PDD HOLDINGS INC | 900,000 | $92.0M | 1.55% | -49.3% |
| — | LAM RESEARCH CORP | 382,500 | $81.7M | 1.38% | -10.0% |
| — | BAIDU INC | 692,100 | $77.1M | 1.30% | +20.4% |
| — | L3HARRIS TECHNOLOGIES INC | 198,000 | $68.3M | 1.15% | -32.9% |
| — | RTX CORPORATION | 342,000 | $66.0M | 1.11% | -31.6% |
| — | ASML HLDG NV | 49,500 | $65.4M | 1.10% | -20.8% |
| — | QUALCOMM INC | 498,613 | $64.2M | 1.08% | -56.5% |
| — | BALL CORP | 837,000 | $49.5M | 0.83% | -30.3% |
| AMD | ADVANCED MICRO DEVICES INC | 221,400 | $45.0M | 0.76% | -31.9% |
| — | JD.COM INC | 1,305,000 | $38.6M | 0.65% | -68.6% |
| — | LYFT INC | 2,700,000 | $35.9M | 0.61% | -28.9% |
| MSFT | MICROSOFT CORP | 90,000 | $33.3M | 0.56% | -82.0% |
| — | KRANESHARES TRUST | 1,080,000 | $30.7M | 0.52% | -77.3% |
| — | ENERGY TRANSFER L P | 1,576,125 | $30.4M | 0.51% | -28.1% |
| — | MPLX LP | 502,460 | $28.7M | 0.48% | -19.9% |
| — | UNITEDHEALTH GROUP INC | 90,000 | $24.4M | 0.41% | -55.0% |
| — | DEUTSCHE BK AG | 257,616 | $7.7M | 0.13% | -91.8% |
Quarter-over-quarter activity
Position changes
New buys 1
- SANDISK CORP $178.7M · of portfolio 3.01%
Increased positions 7
Reduced positions 23
- DEUTSCHE BK AG -91.8% · now $7.7M
- MSFT -82.0% · now $33.3M
- KRANESHARES TRUST -77.3% · now $30.7M
- JD.COM INC -68.6% · now $38.6M
- QUALCOMM INC -56.5% · now $64.2M
- UNITEDHEALTH GROUP INC -55.0% · now $24.4M
- WHIRLPOOL CORP -50.1% · now $105.1M
- PDD HOLDINGS INC -49.3% · now $92.0M
- L3HARRIS TECHNOLOGIES INC -32.9% · now $68.3M
- ALIBABA GROUP HLDG LTD -32.6% · now $434.7M
- AMD -31.9% · now $45.0M
- RTX CORPORATION -31.6% · now $66.0M
- BALL CORP -30.3% · now $49.5M
- LYFT INC -28.9% · now $35.9M
- ENERGY TRANSFER L P -28.1% · now $30.4M
- CORNING INC -28.1% · now $153.6M
- META -27.3% · now $249.7M
- ASML HLDG NV -20.8% · now $65.4M
- MPLX LP -19.9% · now $28.7M
- NVDA -13.4% · now $256.6M
- LAM RESEARCH CORP -10.0% · now $81.7M
- MICRON TECHNOLOGY INC -4.9% · now $562.5M
- GOOG -3.0% · now $497.0M
Full exits 8
- AMERICAN AIRLS GROUP INC Previously $216.9M
- OWENS CORNING NEW Previously $106.3M
- MOHAWK INDS INC Previously $73.8M
- IQVIA HLDGS INC Previously $63.1M
- UNITED AIRLS HLDGS INC Previously $52.0M
- ISHARES TR Previously $41.6M
- DAL Previously $33.0M
- GOODYEAR TIRE & RUBR CO Previously $21.9M
Portfolio composition
Sector exposure
Sector weights use the site’s current US equity classification map.
| Sector | % of portfolio | QoQ change |
|---|---|---|
| Other / unclassified | 58.93% | -8.26 pts |
| Consumer Discretionary | 15.16% | +7.90 pts |
| Communication Services | 12.59% | -1.23 pts |
| Industrials | 7.68% | +5.02 pts |
| Information Technology | 5.65% | -3.43 pts |
Rolling filing history
Last 4 quarters
Values are quarter-end 13F market values, not live portfolio values.
| Quarter | Filing date | Total reported value | Positions | New buys | Exits | Top position |
|---|---|---|---|---|---|---|
| Q1 2026 | 2026-05-15 | $5.9B | 31 | 1 | 8 | AMZN 15.2% |
| Q4 2025 | 2026-02-17 | $6.9B | 38 | 2 | 9 | ALIBABA GROUP HLDG LTD 10.9% |
| Q3 2025 | 2025-11-13 | $7.4B | 45 | 10 | 3 | ALIBABA GROUP HLDG LTD 15.6% |
| Q2 2025 | 2025-08-14 | $6.4B | 38 | 8 | 8 | ALIBABA GROUP HLDG LTD 12.4% |
Related manager research
How this compares
Soros Fund Management
Top reported sector: Consumer Discretionary
11 positionsPershing Square
Top reported sector: Consumer Discretionary
33 positionsThird Point
Top reported sector: Consumer Discretionary
See every tracked manager on the 13F investors hub.
Filing interpretation
Common questions about Appaloosa Management's 13F
- What is Appaloosa Management's largest reported holding?
- AMZN is Appaloosa Management's largest active reported position at 15.2% of the portfolio. See its size and share count in the Appaloosa Management holdings table.
- Which position did Appaloosa Management increase most?
- AMZN is the largest increase or new position by current reported value. The Appaloosa Management position-change section separates new and increased holdings.
- Which position did Appaloosa Management reduce or exit most significantly?
- ALIBABA GROUP HLDG LTD is the largest reduction or exit by prior reported value. Compare it with the other actions in Appaloosa Management's change grid.
- What new positions did Appaloosa Management open this quarter?
- Appaloosa Management initiated 1 position, led by SANDISK CORP. Each new holding appears in the Appaloosa Management new-buys list.
- How concentrated is Appaloosa Management's reported portfolio?
- The five largest positions represent 48.3% of Appaloosa Management's reported value. The Appaloosa Management holdings ranking shows whether that concentration comes from one dominant stock or several large positions.
- Which sector is most important in Appaloosa Management's portfolio?
- Consumer Discretionary is the largest classified sector in Appaloosa Management's current reported portfolio. The Appaloosa Management sector breakdown shows weights and quarter-over-quarter changes.
- Does Appaloosa's 13F capture David Tepper's macro positioning?
- Only partly. The filing covers reportable US long securities and omits many rates, currency, credit, derivative, and non-US exposures that may shape the broader portfolio. See the Appaloosa Management four-quarter record for the surrounding trend.
Primary-source record
Source and filing details
- CIK
- 0001656456
- SEC accession
- 0001656456-26-000002
- Report quarter
- 2026-03-31
- Filing date
- 2026-05-15
Methodology: how we parse and reconcile 13F filings.
Editorial standards: how we publish.
Disclaimer: 13F data is public, historical, delayed, and incomplete by design. It is not investment advice. Cross-check material data against the original SEC filing record before acting.