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Hedge fund

Appaloosa LP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1656456

Reported value
$7.5bn
84% in companies we cover
Positions we cover
22
Largest AMZN 15.9%
Copy, a year
+16.4%
S&P 500 +15.1%
Copy Sharpe ratio
0.66
S&P 500 0.77

How copying its 13F would have done

$10.0k$20.0k$40.0k 201620182020202220242026 $49.1k$43.6k
CopyS&P 500 $10,000 copying Appaloosa LP's filed holdings in companies we cover from May 20, 2016, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −34.2% (S&P 500 −31.8%); beta 1.13; alpha +0.8% a year (t = 0.19); last 12 months −2.7% against +12.1%.

Reported value by quarter

Appaloosa LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T $1.5T Reported value, 2016-03-31: $5B Reported value, 2016-06-30: $3.8B Reported value, 2016-09-30: $3.9B Reported value, 2016-12-31: $5.4B Reported value, 2017-03-31: $5.7B Reported value, 2017-06-30: $6.7B Reported value, 2017-09-30: $6.9B Reported value, 2017-12-31: $10.4B Reported value, 2018-03-31: $9.6B Reported value, 2018-06-30: $8.7B Reported value, 2018-09-30: $5.6B Reported value, 2018-12-31: $2B Reported value, 2019-03-31: $3.4B Reported value, 2019-06-30: $2.3B Reported value, 2019-09-30: $3.4B Reported value, 2019-12-31: $3.9B Reported value, 2020-03-31: $3.3B Reported value, 2020-06-30: $5.8B Reported value, 2020-09-30: $5.7B Reported value, 2020-12-31: $6.7B Reported value, 2021-03-31: $7B Reported value, 2021-06-30: $4.8B Reported value, 2021-09-30: $4.2B Reported value, 2021-12-31: $3.9B Reported value, 2022-03-31: $2.5B Reported value, 2022-06-30: $1.6B Reported value, 2022-09-30: $1.4B Reported value, 2022-12-31: $1.3T Reported value, 2023-03-31: $1.9B Reported value, 2023-06-30: $5.4B Reported value, 2023-09-30: $5.1B Reported value, 2023-12-31: $5.7B Reported value, 2024-03-31: $6.7B Reported value, 2024-06-30: $6.2B Reported value, 2024-09-30: $6.7B Reported value, 2024-12-31: $6.5B Reported value, 2025-03-31: $5.6B Reported value, 2025-06-30: $6.4B Reported value, 2025-09-30: $7.4B Reported value, 2025-12-31: $6.9B Reported value, 2026-03-31: $5.9B Reported value, 2026-06-30: $7.5B 2016-03-31 2018-06-30 2020-09-30 2022-12-31 2026-06-30 $7.5B
View chart data
Period Reported value
2016-03-31 $5B
2016-06-30 $3.8B
2016-09-30 $3.9B
2016-12-31 $5.4B
2017-03-31 $5.7B
2017-06-30 $6.7B
2017-09-30 $6.9B
2017-12-31 $10.4B
2018-03-31 $9.6B
2018-06-30 $8.7B
2018-09-30 $5.6B
2018-12-31 $2B
2019-03-31 $3.4B
2019-06-30 $2.3B
2019-09-30 $3.4B
2019-12-31 $3.9B
2020-03-31 $3.3B
2020-06-30 $5.8B
2020-09-30 $5.7B
2020-12-31 $6.7B
2021-03-31 $7B
2021-06-30 $4.8B
2021-09-30 $4.2B
2021-12-31 $3.9B
2022-03-31 $2.5B
2022-06-30 $1.6B
2022-09-30 $1.4B
2022-12-31 $1.3T
2023-03-31 $1.9B
2023-06-30 $5.4B
2023-09-30 $5.1B
2023-12-31 $5.7B
2024-03-31 $6.7B
2024-06-30 $6.2B
2024-09-30 $6.7B
2024-12-31 $6.5B
2025-03-31 $5.6B
2025-06-30 $6.4B
2025-09-30 $7.4B
2025-12-31 $6.9B
2026-03-31 $5.9B
2026-06-30 $7.5B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
AMZNAmazon15.95%$1.2bn5.00M+15.7% Added
MUMicron Technology15.06%$1.1bn975.0K−41.4% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD10.55%$788.0m1.65M+24.3% Added
UBERUber7.43%$555.2m7.69M+21.5% Added
METAMeta Platforms5.09%$380.2m675.0K+54.6% Added
VSTVistra Corp.4.70%$351.4m2.22M+9.5% Added
NVDANVIDIA Corporation4.08%$305.1m1.52M+3.6% Added
NRGNRG Energy3.44%$257.1m1.76M+1.5% Added
BABAAlibaba Group Holding Ltd2.57%$192.0m2.00M−42.3% Reduced
BABoeing2.32%$173.2m800.0KNew
LRCXLam Research2.22%$165.7m382.5K0.0%
BIDUBaidu, Inc.1.98%$148.0m1.29M+87.1% Added
AALAmerican Airlines Group Inc.1.81%$135.5m7.50MNew
AMDAdvanced Micro Devices1.54%$114.7m197.5K−10.8% Reduced
CRWVCoreweave, Inc.1.44%$107.3m1.08MNew
ASMLAsml Holding NV1.33%$99.5m50.0K+1.0% Added
AVGOBroadcom0.76%$56.7m150.0KNew
QCOMQualcomm0.62%$46.2m250.0K−49.9% Reduced
SPCXSpace Exploration Technologies Corp0.52%$38.4m225.0KNew
MPLXMplx LP0.38%$28.3m502.5K0.0%
WHRWhirlpool Corp0.38%$28.2m715.0K−63.3% Reduced
GTGoodyear Tire & Rubber Co0.13%$10.0m1.51MNew
CompanyBought (value)Shares
BABoeing$173.2m800.0K
AMZNAmazon$162.1m680.0K
TSMTaiwan Semiconductor Manufacturing Co LTD$154.0m322.5K
AALAmerican Airlines Group Inc.$135.5m7.50M
METAMeta Platforms$134.3m238.5K
CRWVCoreweave, Inc.$107.3m1.08M
UBERUber$98.2m1.36M
BIDUBaidu, Inc.$68.9m602.9K
AVGOBroadcom$56.7m150.0K
SPCXSpace Exploration Technologies Corp$38.4m225.0K
VSTVistra Corp.$30.6m192.9K
NVDANVIDIA Corporation$10.7m53.5K
GTGoodyear Tire & Rubber Co$10.0m1.51M
NRGNRG Energy$3.7m25.6K
ASMLAsml Holding NV$994,720500

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
MUMicron Technology−$796.5m−690.0K
SNDKSandisk−$178.7m−281.3K
GLWCorning Inc.−$153.6m−1.13M
BABAAlibaba Group Holding Ltd−$140.6m−1.47M
PDDPDD Holdings Inc.−$92.0m−900.0K
LHXL3Harris−$68.3m−198.0K
RTXRTX Corporation−$66.0m−342.0K
BALLBall Corporation−$49.5m−837.0K
WHRWhirlpool Corp−$48.7m−1.24M
QCOMQualcomm−$45.9m−248.6K
JDJd.com, Inc.−$38.6m−1.30M
LYFTLyft, Inc.−$35.9m−2.70M
MSFTMicrosoft Corporation−$33.3m−90.0K
UNHUnitedHealth Group−$24.4m−90.0K
AMDAdvanced Micro Devices−$13.9m−23.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
SNDKSandisk$178.7m281.3K
GLWCorning Inc.$153.6m1.13M
PDDPDD Holdings Inc.$92.0m900.0K
LHXL3Harris$68.3m198.0K
RTXRTX Corporation$66.0m342.0K
BALLBall Corporation$49.5m837.0K
JDJd.com, Inc.$38.6m1.30M
LYFTLyft, Inc.$35.9m2.70M
MSFTMicrosoft Corporation$33.3m90.0K
UNHUnitedHealth Group$24.4m90.0K
  • Technology44.6%
  • Consumer Discretionary22.6%
  • Industrials14.3%
  • Utilities9.7%
  • Communication Services8.4%
  • Energy0.4%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestMay 20, 2016 to November 2, 2026+16.4%+15.1%0.660.77−34.2%1.13
2018 onwardsJanuary 5, 2018 to November 2, 2026+14.9%+13.9%0.570.66−34.2%1.12
Last three yearsNovember 3, 2023 to November 2, 2026+24.0%+21.8%0.851.16−20.0%1.32
Last yearNovember 7, 2025 to November 2, 2026−0.6%+14.2%−0.070.84−16.9%1.54

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.