Appaloosa
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), David Tepper's Appaloosa reported 35 stock positions worth $6.4 billion. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 15.6% of the portfolio, followed by Amazon.com (AMZN, 8.9%) and PDD (PDD, 8.1%). Compared with Q3 2024, it opened 1 new position, sold out of 2, added to 17 and reduced 13. The biggest buy was Vistra (VST, shares +113%) and the biggest sale an exit from Adobe (ADBE).
- Most Recent 13F
- Q2 2026
- Notable People
- David Tepper
- Location
- Short Hills, NJ
- CIK
- 0001656456
- Portfolio Value
- $6.4B (Q4 2024)
- SEC Filing
- 0001656456-25-000001 ↗ filed Feb 10, 2025
Holdings Value
Holdings 35 stocks · $6.4B
| BABA Alibaba Group Holding-SP ADR | 15.62% | 11,843,158 | $1.0B | Add +18.4% |
| AMZN Amazon.com Inc. | 8.87% | 2,600,000 | $570.4M | Reduce -18.8% |
| PDD PDD Holdings Inc. | 8.08% | 5,356,132 | $519.5M | Add +1.0% |
| MSFT Microsoft Corp. | 6.36% | 970,000 | $408.9M | No change |
| VST Vistra Corp. | 5.79% | 2,700,000 | $372.2M | Add +112.5% |
| JD Jd.com Inc.-ADR | 5.64% | 10,465,885 | $362.9M | Add +43.4% |
| GOOG Alphabet Inc. Class C | 5.58% | 1,881,963 | $358.4M | Reduce 0.0% |
| META Meta Platforms Inc. Class A | 4.46% | 490,000 | $286.9M | Reduce -21.6% |
| ORCL Oracle Corp. | 3.63% | 1,400,000 | $233.3M | Reduce -11.0% |
| FXI iShares China Large-Cap ETF | 3.14% | 6,637,128 | $202.0M | Add +13.8% |
| LYFT LYFT Inc. Class A | 2.71% | 13,500,000 | $174.2M | Reduce -14.3% |
| NRG NRG Energy Inc. | 2.55% | 1,815,000 | $163.7M | Add +81.5% |
| AMD Advanced Micro Devices | 2.25% | 1,200,000 | $144.9M | Add +5.7% |
| KWEB Kranesh Csi China Internet | 2.08% | 4,575,695 | $133.8M | Add +21.5% |
| BIDU Baidu Inc. - Spon ADR | 2.00% | 1,527,909 | $128.8M | Add +7.2% |
| QCOM Qualcomm Inc. | 1.91% | 800,000 | $122.9M | No change |
| ASML ASML Holding NV-NY Reg SHS | 1.73% | 160,000 | $110.9M | Add +106.5% |
| MU Micron Technology Inc. | 1.57% | 1,200,000 | $101.0M | Add +14.3% |
| FDX FedEx Corp. | 1.53% | 350,000 | $98.5M | Reduce -6.7% |
| ET Energy Transfer LP | 1.50% | 4,914,735 | $96.3M | Reduce -28.0% |
| NVDA Nvidia Corp. | 1.42% | 680,001 | $91.3M | Add +8.8% |
| UBER Uber Technologies Inc. | 1.41% | 1,500,000 | $90.5M | Add +6.4% |
| LRCX Lam Research Corp. | 1.40% | 1,250,000 | $90.3M | Add +25.0% |
| UNH Unitedhealth Group Inc. | 1.37% | 174,500 | $88.3M | No change |
| CZR Caesars Entertainment Inc. | 1.14% | 2,200,000 | $73.5M | Add +2.3% |
| GLW Corning Inc. | 1.11% | 1,500,000 | $71.3M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.77% | 250,000 | $49.4M | Reduce -37.5% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.74% | 2,574,074 | $47.4M | Add +18.4% |
| LVS Las Vegas Sands Corp. | 0.72% | 900,000 | $46.2M | Reduce -41.1% |
| WYNN WYNN Resorts Ltd. | 0.67% | 500,000 | $43.1M | Reduce -37.5% |
| EQT Eqt Corp. | 0.57% | 800,000 | $36.9M | Reduce -55.4% |
| AR Antero Resources Corp. | 0.46% | 840,000 | $29.4M | Reduce -51.9% |
| EXE Expand Energy Corp. | 0.46% | 295,000 | $29.4M | Add +78.8% |
| MPLX MPLX LP | 0.43% | 578,500 | $27.7M | No change |
| INTC Intel Corp. | 0.31% | 1,000,000 | $20.1M | Reduce -60.0% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $35.6M (not counted above)
Total filed on the 13F, all lines: $6.5B.
Portfolio Sells Q3 2024 → Q4 2024
| ADBE Adobe Inc. | Sold out | 0.00% | −1.54 |
| META Meta Platforms Inc. Class A | Reduce -21.6% | 4.46% | −0.87 |
| INTC Intel Corp. | Reduce -60.0% | 0.31% | −0.56 |
| WYNN WYNN Resorts Ltd. | Reduce -37.5% | 0.67% | −0.47 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −0.44 |
| LVS Las Vegas Sands Corp. | Reduce -41.1% | 0.72% | −0.43 |
| EQT Eqt Corp. | Reduce -55.4% | 0.57% | −0.41 |
| ORCL Oracle Corp. | Reduce -11.0% | 3.63% | −0.37 |
| AR Antero Resources Corp. | Reduce -51.9% | 0.46% | −0.29 |
| LYFT LYFT Inc. Class A | Reduce -14.3% | 2.71% | −0.29 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -37.5% | 0.77% | −0.27 |
| ET Energy Transfer LP | Reduce -28.0% | 1.50% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -18.8% | 8.87% | −0.02 |
| FDX FedEx Corp. | Reduce -6.7% | 1.53% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce 0.0% | 5.58% | +0.88 |
Portfolio Buys Q3 2024 → Q4 2024
| VST Vistra Corp. | Add +112.5% | 5.79% | +3.54 |
| JD Jd.com Inc.-ADR | Add +43.4% | 5.64% | +1.29 |
| NRG NRG Energy Inc. | Add +81.5% | 2.55% | +1.19 |
| GLW Corning Inc. | New | 1.11% | +1.11 |
| ASML ASML Holding NV-NY Reg SHS | Add +106.5% | 1.73% | +0.76 |
| FXI iShares China Large-Cap ETF | Add +13.8% | 3.14% | +0.38 |
| NVDA Nvidia Corp. | Add +8.8% | 1.42% | +0.29 |
| EXE Expand Energy Corp. | Add +78.8% | 0.46% | +0.25 |
| LRCX Lam Research Corp. | Add +25.0% | 1.40% | +0.19 |
| KWEB Kranesh Csi China Internet | Add +21.5% | 2.08% | +0.17 |
| BEKE Ke Holdings Inc.-ADR | Add +18.4% | 0.74% | +0.09 |
| MU Micron Technology Inc. | Add +14.3% | 1.57% | −0.05 |
| UBER Uber Technologies Inc. | Add +6.4% | 1.41% | −0.17 |
| CZR Caesars Entertainment Inc. | Add +2.3% | 1.14% | −0.19 |
| BABA Alibaba Group Holding-SP ADR | Add +18.4% | 15.62% | −0.21 |
| BIDU Baidu Inc. - Spon ADR | Add +7.2% | 2.00% | −0.23 |
| AMD Advanced Micro Devices | Add +5.7% | 2.25% | −0.52 |
| PDD PDD Holdings Inc. | Add +1.0% | 8.08% | −2.58 |
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 |