Appaloosa 13F, Q1 2025
David Tepper · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1656456
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 3 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q1 2025
The 25 largest of 35 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| ALIBABA GROUP HLDG LTD | BABA | $1.22B | 21.9% | -22% shares |
| PDD HOLDINGS INC | PDD | $517.19M | 9.3% | -18% shares |
| AMAZON COM INC | AMZN | $477.55M | 8.6% | -4% shares |
| JD.COM INC | JD | $331.02M | 6.0% | -23% shares |
| META PLATFORMS INC | META | $317.00M | 5.7% | +12% shares |
| ALPHABET INC | GOOG | $314.02M | 5.6% | +7% shares |
| VISTRA CORP | VST | $270.11M | 4.8% | -15% shares |
| UBER TECHNOLOGIES INC | UBER | $233.15M | 4.2% | +113% shares |
| ISHARES TR | FXI | $200.70M | 3.6% | -16% shares |
| NRG ENERGY INC | NRG | $195.69M | 3.5% | +13% shares |
| MICROSOFT CORP | MSFT | $191.45M | 3.4% | -47% shares |
| KRANESHARES TRUST | KWEB | $139.64M | 2.5% | -13% shares |
| LYFT INC | LYFT | $106.83M | 1.9% | -33% shares |
| ORACLE CORP | ORCL | $97.87M | 1.8% | -50% shares |
| ENERGY TRANSFER L P | ET | $92.15M | 1.7% | unchanged |
| UNITEDHEALTH GROUP INC | UNH | $91.66M | 1.6% | unchanged |
| DEUTSCHE BANK A G | $89.36M | 1.6% | new | |
| CORNING INC | GLW | $79.82M | 1.4% | +16% shares |
| BAIDU INC | BIDU | $71.32M | 1.3% | -49% shares |
| L3HARRIS TECHNOLOGIES INC | LHX | $62.79M | 1.1% | new |
| CAESARS ENTERTAINMENT INC NE | CZR | $55.00M | 1.0% | unchanged |
| QUALCOMM INC | QCOM | $53.76M | 1.0% | -56% shares |
| ASML HOLDING N V | $46.38M | 0.8% | -56% shares | |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $44.82M | 0.8% | +8% shares |
| KE HLDGS INC | BEKE | $38.17M | 0.7% | -26% shares |
What changed since Q4 2024
Against the Q4 2024 filing, Appaloosa opened 4 new positions, added to 6, trimmed 21, left 4 unchanged and exited 6. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001656456-25-000005, filed by Appaloosa LP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.