David Tepper - Appaloosa Management Portfolio Holdings (Jun 30, 2025)

As of Jun 30, 2025, the Appaloosa Management portfolio holdings is valued at approximately $6.45B, featuring 38 publicly traded holdings. This in-depth profile highlights the top investments led by ALIBABA GROUP HLDG LTD (BABA), UNITEDHEALTH GROUP INC (UNH), AMAZON COM INC (AMZN), VISTRA CORP (VST), NRG ENERGY INC (NRG), and others based on the company's latest SEC filings reported on Aug 14, 2025. Explore insights into portfolio composition, sector allocation, and recent trade activity.

Appaloosa Management’s stock portfolio spans 38 holdings across 9 different sectors, with a total market value of $6.45B. The Consumer Cyclical sector represents the largest allocation, while the top holdings account for nearly 44% of the total portfolio value. ALIBABA GROUP HLDG LTD remains single largest position at 12.4% of all equity investments.

Balances

Trends by sector

Investment Adjustments from Previous Filing

Appaloosa Management Holdings

Symbol	Company	Portfolio %	Price	Quantity	Change Qty	Change Value	% Change	Total Value
BABA ALIBABA GROUP HLDG LTD	ALIBABA GROUP HLDG LTD	12.43%	$113.41	7,067,271	-2,162,729	-$245,275,096	-23.43%	$801,499,204
UNH UNITEDHEALTH GROUP INC	UNITEDHEALTH GROUP INC	11.85%	$311.97	2,450,000	2,275,000	$709,731,750	1300.00%	$764,326,500
AMZN AMAZON COM INC	AMAZON COM INC	9.19%	$219.39	2,700,000	190,000	$41,684,100	7.57%	$592,353,000
VST VISTRA CORP	VISTRA CORP	5.41%	$193.81	1,800,000	-500,000	-$96,905,000	-21.74%	$348,858,000
NRG NRG ENERGY INC	NRG ENERGY INC	4.93%	$160.58	1,980,000	-70,000	-$11,240,600	-3.41%	$317,948,400
META META PLATFORMS INC	META PLATFORMS INC	4.58%	$738.09	400,000	-150,000	-$110,713,500	-27.27%	$295,236,000
NVDA NVIDIA CORPORATION	NVIDIA CORPORATION	4.29%	$157.99	1,750,000	1,450,000	$229,085,500	483.33%	$276,482,500
GOOG ALPHABET INC	ALPHABET INC	4.13%	$177.39	1,500,000	-510,000	-$90,468,900	-25.37%	$266,085,000
UBER UBER TECHNOLOGIES INC	UBER TECHNOLOGIES INC	3.98%	$93.30	2,750,000	-450,000	-$41,985,000	-14.06%	$256,575,000
MSFT MICROSOFT CORP	MICROSOFT CORP	3.86%	$497.41	500,000	-10,000	-$4,974,100	-1.96%	$248,705,000
TSM TAIWAN SEMICONDUCTOR MFG LTD	TAIWAN SEMICONDUCTOR MFG LTD	3.60%	$226.49	1,025,000	755,000	$170,999,950	279.63%	$232,152,250
JD JD.COM INC	JD.COM INC	3.54%	$32.64	7,000,000	-1,050,000	-$34,272,000	-13.04%	$228,480,000
PDD PDD HOLDINGS INC	PDD HOLDINGS INC	3.25%	$104.66	2,000,000	-2,370,000	-$248,044,200	-54.23%	$209,320,000
INTC INTEL CORP	INTEL CORP	2.78%	$22.40	8,000,000	7,000,000	$156,800,000	700.00%	$179,200,000
KWEB KRANESHARES TRUST	KRANESHARES TRUST	2.13%	$34.33	4,000,000	-	-	-	$137,320,000
LYFT LYFT INC	LYFT INC	1.96%	$15.76	8,000,000	-1,000,000	-$15,760,000	-11.11%	$126,080,000
DB DEUTSCHE BANK A G	DEUTSCHE BANK A G	1.82%	$29.28	4,000,000	250,000	$7,320,000	6.67%	$117,120,000
MU MICRON TECHNOLOGY INC	MICRON TECHNOLOGY INC	1.58%	$123.25	825,000	425,000	$52,381,250	106.25%	$101,681,250
GLW CORNING INC	CORNING INC	1.43%	$52.59	1,750,000	6,371	$335,051	0.37%	$92,032,500
ET ENERGY TRANSFER L P	ENERGY TRANSFER L P	1.39%	$18.13	4,957,235	-	-	-	$89,874,671
LHX L3HARRIS TECHNOLOGIES INC	L3HARRIS TECHNOLOGIES INC	1.36%	$250.84	350,000	50,000	$12,542,000	16.67%	$87,794,000
RTX RTX CORPORATION	RTX CORPORATION	1.32%	$146.02	585,000	585,000	$85,421,700	100.00%	$85,421,700
CZR CAESARS ENTERTAINMENT INC NE	CAESARS ENTERTAINMENT INC NE	0.92%	$28.39	2,100,000	-100,000	-$2,839,000	-4.55%	$59,619,000
ASML ASML HOLDING N V	ASML HOLDING N V	0.87%	$801.39	70,000	-	-	-	$56,097,300
QCOM QUALCOMM INC	QUALCOMM INC	0.86%	$159.26	350,000	-	-	-	$55,741,000
BIDU BAIDU INC	BAIDU INC	0.83%	$85.76	625,000	-150,000	-$12,864,000	-19.35%	$53,600,000
IQV IQVIA HLDGS INC	IQVIA HLDGS INC	0.73%	$157.59	300,000	300,000	$47,277,000	100.00%	$47,277,000
UAL UNITED AIRLS HLDGS INC	UNITED AIRLS HLDGS INC	0.68%	$79.63	550,000	24,724	$1,968,772	4.71%	$43,796,500
SQ BLOCK INC	BLOCK INC	0.68%	$67.93	641,800	566,800	$38,502,724	755.73%	$43,597,474
LRCX LAM RESEARCH CORP	LAM RESEARCH CORP	0.60%	$97.34	400,000	-100,000	-$9,734,000	-20.00%	$38,936,000
FXI ISHARES TR	ISHARES TR	0.57%	$36.76	1,000,000	-4,600,000	-$169,096,000	-82.14%	$36,760,000
ORCL ORACLE CORP	ORACLE CORP	0.51%	$218.63	150,000	-550,000	-$120,246,500	-78.57%	$32,794,500
MPLX MPLX LP	MPLX LP	0.46%	$51.51	578,500	-	-	-	$29,798,535
DAL DELTA AIR LINES INC DEL	DELTA AIR LINES INC DEL	0.42%	$49.18	550,000	-282,438	-$13,890,301	-33.93%	$27,049,000
WHR WHIRLPOOL CORP	WHIRLPOOL CORP	0.42%	$101.42	266,092	176,092	$17,859,251	195.66%	$26,987,051
BEKE KE HLDGS INC	KE HLDGS INC	0.41%	$17.74	1,500,000	-400,000	-$7,096,000	-21.05%	$26,610,000
GT GOODYEAR TIRE & RUBR CO	GOODYEAR TIRE & RUBR CO	0.14%	$10.37	861,782	-2,393,047	-$24,815,896	-73.52%	$8,936,679
MHK MOHAWK INDS INC	MOHAWK INDS INC	0.11%	$104.84	65,000	-30,000	-$3,145,200	-31.58%	$6,814,600