David Tepper portfolio
Latest holdings of Appaloosa Management as of Q2 2026: 27 positions worth $7.7B, decoded into plain English.
Portfolio summary and charts
- Amazon (AMZN) is the largest position at 15.4% of a $7.7B portfolio.
- Biggest buy: opened a new position in Apple (put options), about $242M of new money.
- Biggest sale: trimmed Micron Technology, about $796M.
- High conviction: the top 10 holdings make up 79%, and the portfolio behaves like 12 equal-sized bets.
Every box is a position, sized by its weight
What this meansAmazon alone is 15% of the portfolio, and the top three make up 40%. Colors show what changed since last quarter, so you can spot fresh conviction at a glance.
Where the money is
What this meansTechnology is the biggest slice at 38% of the portfolio.
How focused is the portfolio?
What this meansThe steeper the gold curve rises above the dashed line, the more the portfolio depends on a few big bets. It behaves like 12 equal-sized positions.
Biggest buys and sells
What this meansThe largest move was opening Apple (put options), worth about $242M. Values are estimated at quarter-end prices.
Two years of reported value
What this meansValue changes with both market prices and new money in or out. It moved from $6.2B to $7.7B over 9 quarters.
How today’s top positions grew over time
What this meansWide, steady bands are long-term core holdings; bands that appear suddenly are recent bets.
All 27 positions
| # | Stock | Sector | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|---|---|
| 1 | AMZN Amazon | Consumer Discretionary | 15.43% | Added +16% | 5,000,000 | $1.2B |
| 2 | MU Micron Technology | Technology | 14.57% | Trimmed −41% | 975,000 | $1.1B |
| 3 | TSM Taiwan Semiconductor Manufacturing | Technology | 10.20% | Added +24% | 1,650,000 | $788M |
| 4 | GOOG Alphabet (Class C) | Communication | 8.46% | Added +7% | 1,850,000 | $654M |
| 5 | UBER Uber Technologies | Industrials | 7.19% | Added +21% | 7,694,071 | $555M |
| 6 | EWY iShares | Funds & other | 6.34% | Added +1% | 2,425,000 | $490M |
| 7 | META Meta Platforms | Communication | 4.92% | Added +55% | 675,000 | $380M |
| 8 | VST Vistra | Utilities | 4.55% | Added +10% | 2,215,272 | $351M |
| 9 | NVDA NVIDIA | Technology | 3.95% | Added +4% | 1,525,000 | $305M |
| 10 | NRG NRG Energy | Utilities | 3.33% | Added +1% | 1,760,000 | $257M |
| 11 | AAPL Apple (put options) | Technology | 3.13% | New | 835,000 | $242M |
| 12 | BABA Alibaba | Industrials | 2.48% | Trimmed −42% | 2,000,000 | $192M |
| 13 | BA Boeing | Industrials | 2.24% | New | 800,000 | $173M |
| 14 | LRCX Lam Research | Industrials | 2.15% | Hold | 382,500 | $166M |
| 15 | BIDU Baidu | Technology | 1.92% | Added +87% | 1,295,000 | $148M |
| 16 | AAL American Airlines | Industrials | 1.75% | New | 7,500,000 | $136M |
| 17 | AMD Advanced Micro Devices | Technology | 1.49% | Trimmed −11% | 197,500 | $115M |
| 18 | CRWV CoreWeave | Technology | 1.39% | New | 1,078,248 | $107M |
| 19 | ASML ASML | Industrials | 1.29% | Added +1% | 50,000 | $99M |
| 20 | AVGO Broadcom | Technology | 0.73% | New | 150,000 | $57M |
| 21 | QCOM Qualcomm | Technology | 0.60% | Trimmed −50% | 250,000 | $46M |
| 22 | SPCX Space Exploration Technologies | Technology | 0.50% | New | 225,000 | $38M |
| 23 | ET Energy Transfer | Energy | 0.39% | Hold | 1,576,125 | $30M |
| 24 | MPLX Mplx | Energy | 0.37% | Hold | 502,460 | $28M |
| 25 | WHR Whirlpool | Consumer Discretionary | 0.36% | Trimmed −63% | 715,000 | $28M |
| 26 | BRK.B Berkshire Hathaway (put options) | Financials | 0.16% | New | 25,000 | $13M |
| 27 | GT Goodyear Tire & Rubber | Materials | 0.13% | New | 1,508,591 | $10M |
Values as reported at quarter end (30 Jun 2026). Activity compares share counts with the Q1 2026 filing. Source: SEC filing 0001656456-26-000003 · all filings on EDGAR.
Positions closed
- SNDKSandisk$179M at Q1 2026
- GLWCorning$154M at Q1 2026
- PDDPDD$92M at Q1 2026
- LHXL3harris Technologies$68M at Q1 2026
- RTXRTX$66M at Q1 2026
- BALLBALL$49M at Q1 2026
- JDJD.com$39M at Q1 2026
- LYFTLyft$36M at Q1 2026
- MSFTMicrosoft$33M at Q1 2026
- KWEBKraneshares Trust$31M at Q1 2026
- UNHUnitedhealth$24M at Q1 2026
- DeutscheDeutsche Bk$8M at Q1 2026
David Tepper
David Tepper built Appaloosa into one of the most successful hedge funds of its era, famous for bold, well-timed bets after market panics. The firm now mainly manages Tepper’s own money and moves quickly between sectors and themes.
Philosophy in brief
- Be aggressive when fear is at its highest and prices reflect it.
- Follow policy and the economic cycle, not just company stories.
- Change your mind fast when the facts change.
How to read this page
Who else is trading these holdings
- 01AMZN Amazon16 congressional trades disclosed (7 buys)15.4% of portfolio
- 02MU Micron Technology10 congressional trades disclosed (7 buys)14.6% of portfolio
- 03TSM Taiwan Semiconductor Manufacturing5 congressional trades disclosed (5 buys) · insiders bought $2M in Q3 202610.2% of portfolio
- 04GOOG Alphabet (Class C)11 congressional trades disclosed (7 buys)8.5% of portfolio
- 05UBER Uber Technologies7 congressional trades disclosed (4 buys) · insiders bought $15M in Q3 20267.2% of portfolio
- 07META Meta Platforms16 congressional trades disclosed (10 buys)4.9% of portfolio
- 08VST Vistrainsiders bought $1M in Q3 20264.5% of portfolio
- 09NVDA NVIDIA32 congressional trades disclosed (12 buys)3.9% of portfolio
Investors who think alike
Cosine similarity of position weights (100 = identical portfolios). Chips show the biggest shared holdings.
Professionally managed portfolios, built around your life.
We are building QWERTx Pro: portfolios matched to your risk profile and time horizon, managed by experienced financial advisors. Join the waitlist to hear first when it launches.
