Appaloosa 13F, Q2 2025
David Tepper · quarter ending 30 June 2025 · filed 14 August 2025 · SEC CIK 1656456
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 38 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| ALIBABA GROUP HLDG LTD | BABA | $801.50M | 12.4% | -23% shares |
| UNITEDHEALTH GROUP INC | UNH | $764.33M | 11.8% | +1300% shares |
| AMAZON COM INC | AMZN | $592.35M | 9.2% | +8% shares |
| VISTRA CORP | VST | $348.86M | 5.4% | -22% shares |
| NRG ENERGY INC | NRG | $317.95M | 4.9% | -3% shares |
| META PLATFORMS INC | META | $295.24M | 4.6% | -27% shares |
| NVIDIA CORPORATION | NVDA | $276.48M | 4.3% | +483% shares |
| ALPHABET INC | GOOG | $266.08M | 4.1% | -25% shares |
| UBER TECHNOLOGIES INC | UBER | $256.57M | 4.0% | -14% shares |
| MICROSOFT CORP | MSFT | $248.71M | 3.9% | unchanged |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $232.15M | 3.6% | +280% shares |
| JD.COM INC | JD | $228.48M | 3.5% | -13% shares |
| PDD HOLDINGS INC | PDD | $209.32M | 3.3% | -54% shares |
| INTEL CORP | INTC | $179.20M | 2.8% | new |
| KRANESHARES TRUST | KWEB | $137.32M | 2.1% | unchanged |
| LYFT INC | LYFT | $126.08M | 2.0% | -11% shares |
| DEUTSCHE BANK A G | $117.12M | 1.8% | +7% shares | |
| MICRON TECHNOLOGY INC | MU | $101.68M | 1.6% | +106% shares |
| CORNING INC | GLW | $92.03M | 1.4% | unchanged |
| ENERGY TRANSFER L P | ET | $89.87M | 1.4% | unchanged |
| L3HARRIS TECHNOLOGIES INC | LHX | $87.79M | 1.4% | +17% shares |
| RTX CORPORATION | RTX | $85.42M | 1.3% | new |
| CAESARS ENTERTAINMENT INC NE | CZR | $59.62M | 0.9% | -5% shares |
| ASML HOLDING N V | $56.10M | 0.9% | unchanged | |
| QUALCOMM INC | QCOM | $55.74M | 0.9% | unchanged |
What changed since Q1 2025
Against the Q1 2025 filing, Appaloosa opened 8 new positions, added to 8, trimmed 15, left 7 unchanged and exited 5. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Exited
Added to
Other quarters
Source: SEC Form 13F-HR, accession 0001656456-25-000006, 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.