David Tepper - Appaloosa Management
As of Q2 2026, David Tepper reported 25 long-equity positions worth $7.47B in aggregate.
It also disclosed $254.13M of put notional. Notional is the contracts’ face value, not the premium paid, so it is reported separately from the equity above — see the Options section below.
Copy-investor backtest
- Latest quarter
- +5.38%
- 1-year
- +32.47%
- 3-year
- +123.82%
- 5-year
- +168.75%
- 3-year vs S&P 500
- +50.57%
- 5-year vs S&P 500
- +95.06%
- 5-year top 5
- +193.63%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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Sells
These are the positions the manager reduced or sold out of this quarter, showing where they pulled money back. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| MU | MICRON TECHNOLOGY INC | Reduce -41.4% | 15.06% | 975,000 | $1.13B | $1154.29 | $340.20 - $1255.00(89%)$367.85 -> $1154.29 |
| BABA | ALIBABA GROUP HLDG LTD | Reduce -42.3% | 2.57% | 2,000,000 | $191.96M | $95.98 | $91.99 - $146.87(7%)$123.73 -> $95.98 |
| BALL | BALL CORP | Sold | — | 0 | $0 | — | - |
| GLW | CORNING INC | Sold | — | 0 | $0 | — | - |
| DB | DEUTSCHE BK AG | Sold | — | 0 | $0 | — | - |
| JD | JD.COM INC | Sold | — | 0 | $0 | — | - |
| KWEB | KRANESHARES TRUST | Sold | — | 0 | $0 | — | - |
| LHX | L3HARRIS TECHNOLOGIES INC | Sold | — | 0 | $0 | — | - |
| LYFT | LYFT INC | Sold | — | 0 | $0 | — | - |
| MSFT | MICROSOFT CORP | Sold | — | 0 | $0 | — | - |
| PDD | PDD HOLDINGS INC | Sold | — | 0 | $0 | — | - |
| RTX | RTX CORPORATION | Sold | — | 0 | $0 | — | - |
| SNDK | SANDISK CORP | Sold | — | 0 | $0 | — | - |
| UNH | UNITEDHEALTH GROUP INC | Sold | — | 0 | $0 | — | - |
| WHR | WHIRLPOOL CORP | Reduce -63.3% | 0.38% | 715,000 | $28.19M | $39.42 | $36.06 - $59.22(15%)$54.28 -> $39.42 |
| QCOM | QUALCOMM INC | Reduce -49.9% | 0.62% | 250,000 | $46.2M | $184.79 | $121.99 - $259.92(46%)$127.28 -> $184.79 |
| AMD | ADVANCED MICRO DEVICES INC | Reduce -10.8% | 1.54% | 197,500 | $114.73M | $580.91 | $200.62 - $584.73(99%)$210.21 -> $580.91 |