# Appaloosa (David Tepper): 13F portfolio, Q2 2026

David Tepper's investment firm, Short Hills.

Source: SEC Form 13F filed 2026-08-14 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/1656456/000165645626000003/0001656456-26-000003-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/appaloosa
Updated: 2026-08-14 · Next filing due by 2026-11-14

## Summary
- Reported value: $7.5B (Q1 2026: $5.9B)
- Positions: 25 (Q1 2026: 31)
- Top 10 holdings: 81.6% of the portfolio
- This quarter: 6 new, 11 added to, 5 trimmed, 12 sold out

## What Tepper did in Q2 2026
Appaloosa opened 6 new positions, the largest Boeing, American Airlines Group and CoreWeave. It raised its stake in Baidu by 87% and Meta Platforms by 55%. It sold out of 12 positions, among them Sandisk, Corning and PDD Holdings. It cut Whirlpool by 63%. Amazon is still the largest holding, at 16.0% of the portfolio.

## Biggest buys
- Boeing (BA): New
- American Airlines Group (AAL): New
- CoreWeave (CRWV): New
- Broadcom (AVGO): New
- Space Exploration Technologies (SPCX): New

## Biggest sells
- Sandisk (SNDK): Sold out
- Corning (GLW): Sold out
- PDD Holdings (PDD): Sold out
- L3harris Technologies (LHX): Sold out
- RTX (RTX): Sold out

## Top 15 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | Amazon | AMZN | 16.0% | $1.2B | +16% | Q3 2024 or earlier |
| 2 | Micron Technology | MU | 15.1% | $1.1B | −41% | Q3 2024 or earlier |
| 3 | Taiwan Semiconductor Manufacturing | TSM | 10.5% | $788.0M | +24% | Q3 2024 or earlier |
| 4 | Alphabet | GOOG | 8.7% | $653.7M | +7% | Q3 2024 or earlier |
| 5 | Uber Technologies | UBER | 7.4% | $555.2M | +21% | Q3 2024 or earlier |
| 6 | Ishares | EWY | 6.6% | $489.6M | +1% | Q4 2025 |
| 7 | Meta Platforms | META | 5.1% | $380.2M | +55% | Q3 2024 or earlier |
| 8 | Vistra | VST | 4.7% | $351.4M | +10% | Q3 2024 or earlier |
| 9 | Nvidia | NVDA | 4.1% | $305.1M | +4% | Q3 2024 or earlier |
| 10 | Nrg Energy | NRG | 3.4% | $257.1M | +1% | Q3 2024 or earlier |
| 11 | Alibaba Group Holding | BABA | 2.6% | $192.0M | −42% | Q3 2024 or earlier |
| 12 | Boeing | BA | 2.3% | $173.2M | New | Q2 2026 |
| 13 | Lam Research | LRCX | 2.2% | $165.7M | No change | Q4 2024 |
| 14 | Baidu | BIDU | 2.0% | $148.0M | +87% | Q3 2024 or earlier |
| 15 | American Airlines Group | AAL | 1.8% | $135.5M | New | Q3 2025 |

10 more positions and every quarter's holdings are on Valuepeg for members: https://valuepeg.com/managers/appaloosa

## Other value investors
- Aquamarine: https://valuepeg.com/managers/aquamarine
- Atlantic Investment Management: https://valuepeg.com/managers/atlantic-investment-management
- Baupost Group (Seth Klarman): https://valuepeg.com/managers/baupost-group
- Berkshire Hathaway (Warren Buffett): https://valuepeg.com/managers/berkshire-hathaway
- Brave Warrior Advisors: https://valuepeg.com/managers/brave-warrior-advisors

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.