Appaloosa
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), David Tepper's Appaloosa reported 36 stock positions worth $6.7 billion. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 15.8% of the portfolio, followed by PDD (PDD, 10.7%) and Amazon.com (AMZN, 8.9%). Compared with Q2 2024, it opened 4 new positions, sold out of 3, added to 4 and reduced 28. The biggest buy was PDD (PDD, shares +173%) and the biggest sale Microsoft (MSFT, shares −18%).
- Most Recent 13F
- Q2 2026
- Notable People
- David Tepper
- Location
- Short Hills, NJ
- CIK
- 0001656456
- Portfolio Value
- $6.7B (Q3 2024)
- SEC Filing
- 0001656456-24-000004 ↗ filed Nov 14, 2024
Holdings Value
Holdings 36 stocks · $6.7B
| BABA Alibaba Group Holding-SP ADR | 15.83% | 10,000,000 | $1.1B | Reduce -4.8% |
| PDD PDD Holdings Inc. | 10.66% | 5,301,132 | $714.6M | Add +173.3% |
| AMZN Amazon.com Inc. | 8.89% | 3,200,000 | $596.3M | Reduce -7.9% |
| MSFT Microsoft Corp. | 6.23% | 970,000 | $417.4M | Reduce -17.9% |
| META Meta Platforms Inc. Class A | 5.34% | 625,000 | $357.8M | Reduce -33.2% |
| GOOG Alphabet Inc. Class C | 4.69% | 1,881,964 | $314.6M | Reduce -2.2% |
| JD Jd.com Inc.-ADR | 4.36% | 7,300,000 | $292.0M | Add +69.3% |
| ORCL Oracle Corp. | 4.00% | 1,573,394 | $268.1M | Reduce -21.3% |
| LYFT LYFT Inc. Class A | 3.00% | 15,750,000 | $200.8M | Add +97.8% |
| AMD Advanced Micro Devices | 2.78% | 1,135,000 | $186.2M | Reduce -17.1% |
| FXI iShares China Large-Cap ETF | 2.77% | 5,835,000 | $185.4M | Reduce -15.9% |
| VST Vistra Corp. | 2.25% | 1,270,388 | $150.6M | New |
| BIDU Baidu Inc. - Spon ADR | 2.24% | 1,425,000 | $150.0M | Reduce -14.4% |
| QCOM Qualcomm Inc. | 2.03% | 800,000 | $136.0M | Reduce -4.8% |
| KWEB Kranesh Csi China Internet | 1.91% | 3,765,000 | $128.1M | Reduce -16.1% |
| ET Energy Transfer LP | 1.63% | 6,828,000 | $109.6M | Reduce -11.4% |
| MU Micron Technology Inc. | 1.62% | 1,050,000 | $108.9M | Reduce -10.6% |
| UBER Uber Technologies Inc. | 1.58% | 1,410,000 | $106.0M | Reduce -6.0% |
| ADBE Adobe Inc. | 1.54% | 200,000 | $103.6M | Reduce -44.4% |
| FDX FedEx Corp. | 1.53% | 375,000 | $102.6M | Reduce -31.8% |
| UNH Unitedhealth Group Inc. | 1.52% | 174,500 | $102.0M | Reduce -5.7% |
| NRG NRG Energy Inc. | 1.36% | 999,820 | $91.1M | New |
| CZR Caesars Entertainment Inc. | 1.34% | 2,150,000 | $89.7M | Reduce -2.3% |
| LRCX Lam Research Corp. | 1.22% | 100,000 | $81.6M | Reduce -8.3% |
| LVS Las Vegas Sands Corp. | 1.15% | 1,528,323 | $76.9M | New |
| WYNN WYNN Resorts Ltd. | 1.14% | 800,000 | $76.7M | New |
| NVDA Nvidia Corp. | 1.13% | 625,000 | $75.9M | Reduce -9.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.04% | 400,000 | $69.5M | Reduce -13.0% |
| EQT Eqt Corp. | 0.98% | 1,795,000 | $65.8M | Reduce -5.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.96% | 77,500 | $64.6M | Reduce -11.4% |
| INTC Intel Corp. | 0.87% | 2,500,000 | $58.6M | Reduce -10.1% |
| AR Antero Resources Corp. | 0.75% | 1,745,000 | $50.0M | Reduce -5.7% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.65% | 2,175,000 | $43.3M | Add +4.3% |
| SWN Southwestern Energy Co. | 0.44% | 4,180,000 | $29.7M | Reduce -5.9% |
| MPLX MPLX LP | 0.38% | 578,500 | $25.7M | Reduce -5.4% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 0.20% | 165,000 | $13.6M | Reduce -12.2% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $27.3M (not counted above)
Total filed on the 13F, all lines: $6.7B.
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -17.9% | 6.23% | −2.36 |
| META Meta Platforms Inc. Class A | Reduce -33.2% | 5.34% | −2.33 |
| AMZN Amazon.com Inc. | Reduce -7.9% | 8.89% | −2.03 |
| ADBE Adobe Inc. | Reduce -44.4% | 1.54% | −1.71 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −1.35 |
| FDX FedEx Corp. | Reduce -31.8% | 1.53% | −1.15 |
| GOOG Alphabet Inc. Class C | Reduce -2.2% | 4.69% | −1.05 |
| MU Micron Technology Inc. | Reduce -10.6% | 1.62% | −0.89 |
| AMD Advanced Micro Devices | Reduce -17.1% | 2.78% | −0.84 |
| QCOM Qualcomm Inc. | Reduce -4.8% | 2.03% | −0.69 |
| LRCX Lam Research Corp. | Reduce -8.3% | 1.22% | −0.67 |
| BA The Boeing Co. | Sold out | 0.00% | −0.62 |
| ORCL Oracle Corp. | Reduce -21.3% | 4.00% | −0.59 |
| INTC Intel Corp. | Reduce -10.1% | 0.87% | −0.53 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -11.4% | 0.96% | −0.49 |
| ET Energy Transfer LP | Reduce -11.4% | 1.63% | −0.40 |
| M Macy's Inc. | Sold out | 0.00% | −0.40 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -13.0% | 1.04% | −0.26 |
| NVDA Nvidia Corp. | Reduce -9.4% | 1.13% | −0.25 |
| AR Antero Resources Corp. | Reduce -5.7% | 0.75% | −0.24 |
| UBER Uber Technologies Inc. | Reduce -6.0% | 1.58% | −0.19 |
| FXI iShares China Large-Cap ETF | Reduce -15.9% | 2.77% | −0.17 |
| EQT Eqt Corp. | Reduce -5.8% | 0.98% | −0.16 |
| BIDU Baidu Inc. - Spon ADR | Reduce -14.4% | 2.24% | −0.10 |
| CZR Caesars Entertainment Inc. | Reduce -2.3% | 1.34% | −0.08 |
| KWEB Kranesh Csi China Internet | Reduce -16.1% | 1.91% | −0.06 |
| EXE Expand Energy Corp. | Reduce -12.2% | 0.20% | −0.05 |
| SWN Southwestern Energy Co. | Reduce -5.9% | 0.44% | −0.04 |
| MPLX MPLX LP | Reduce -5.4% | 0.38% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -5.7% | 1.52% | −0.01 |
| BABA Alibaba Group Holding-SP ADR | Reduce -4.8% | 15.83% | +3.53 |
Portfolio Buys Q2 2024 → Q3 2024
| PDD PDD Holdings Inc. | Add +173.3% | 10.66% | +6.46 |
| JD Jd.com Inc.-ADR | Add +69.3% | 4.36% | +2.54 |
| VST Vistra Corp. | New | 2.25% | +2.25 |
| NRG NRG Energy Inc. | New | 1.36% | +1.36 |
| LYFT LYFT Inc. Class A | Add +97.8% | 3.00% | +1.17 |
| LVS Las Vegas Sands Corp. | New | 1.15% | +1.15 |
| WYNN WYNN Resorts Ltd. | New | 1.14% | +1.14 |
| BEKE Ke Holdings Inc.-ADR | Add +4.3% | 0.65% | +0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 25 | $7.5B | AMZN, MU, TSM, GOOG, UBER |
| Q1 2026 | 31 | $5.9B | AMZN, MU, GOOG, UBER, TSM |
| Q4 2025 | 38 | $6.9B | BABA, GOOG, AMZN, MU, META |
| Q3 2025 | 45 | $7.4B | BABA, AMZN, WHR, NVDA, GOOG |
| Q2 2025 | 38 | $6.4B | BABA, UNH, AMZN, VST, NRG |
| Q1 2025 | 33 | $5.5B | BABA, PDD, AMZN, JD, META |
| Q4 2024 | 35 | $6.4B | BABA, AMZN, PDD, MSFT, VST |
| Q3 2024 | 36 | $6.7B | BABA, PDD, AMZN, MSFT, META |
| Q2 2024 | 35 | $6.1B | BABA, AMZN, MSFT, META, GOOG |
| Q1 2024 | 36 | $6.7B | BABA, AMZN, MSFT, META, NVDA |