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
- +5.11%
- 1-year
- +32.48%
- 3-year
- +124.34%
- 5-year
- +170.12%
- 3-year vs S&P 500
- +51.10%
- 5-year vs S&P 500
- +96.43%
- 5-year top 5
- +192.90%
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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Live quotes available for 15 of 41 rows. Rows without a quote are marked unavailable.
| 1 | MU | MICRON TECHNOLOGY INC | 25.48% | Reduce -55.6% | 16,000,000 | $507.68M | $31.73 | No quote |
| 2 | META | FACEBOOK INC | 9.38% | Reduce -56.8% | 1,425,000 | $186.8M | $131.09 | No quote |
| 3 | AGN | ALLERGAN PLC | 7.72% | Reduce -42.3% | 1,150,000 | $153.71M | No quote | No quote |
| 4 | PCG | PG&E CORP | 7.71% | Add +62.0% | 6,466,049 | $153.57M | $23.75 | No quote |
| 5 | GOOG | ALPHABET INC | 7.57% | Reduce -27.2% | 145,600 | $150.79M | $1035.61 | No quote |
| 6 | AABA | ALTABA INC | 6.82% | Reduce -30.6% | 2,345,000 | $135.87M | No quote | No quote |
| 7 | ET | ENERGY TRANSFER LP | 5.12% | Add +76.6% | 7,720,664 | $101.99M | $13.21 | No quote |
| 8 | CZR | CAESARS ENTMT CORP | 4.52% | Reduce -8.6% | 13,272,240 | $90.12M | $6.79 | No quote |
| 9 | TMUS | T MOBILE US INC | 3.32% | Reduce -61.4% | 1,038,710 | $66.07M | $63.61 | No quote |
| 10 | UNH | UNITEDHEALTH GROUP INC | 3.13% | Reduce -28.3% | 250,000 | $62.28M | $249.12 | No quote |
| 11 | AMLP | ALPS ETF TR | 3.10% | New | 7,066,871 | $61.69M | $8.73 | No quote |
| 12 | AY | ATLANTICA YIELD PLC | 2.95% | Reduce -10.6% | 2,997,642 | $58.75M | No quote | No quote |
| 13 | VST | VISTRA ENERGY CORP | 2.91% | Add +27.7% | 2,532,743 | $57.97M | $22.89 | No quote |
| 14 | ALL | ALLSTATE CORP | 2.52% | New | 607,912 | $50.23M | $82.63 | No quote |
| 15 | COOP | MR COOPER GROUP INC | 2.41% | New | 4,105,997 | $47.92M | No quote | No quote |
| 16 | LNG | CHENIERE ENERGY INC | 1.74% | Reduce -36.1% | 586,655 | $34.72M | No quote | No quote |
| 17 | TERP | TERRAFORM PWR INC | 1.51% | Reduce -12.3% | 2,681,843 | $30.09M | No quote | No quote |
| 18 | NRG | NRG ENERGY INC | 0.92% | Reduce -82.4% | 460,969 | $18.25M | $39.60 | No quote |
| 19 | WFC | WELLS FARGO CO NEW | 0.69% | New | 300,000 | $13.82M | $46.08 | No quote |
| 20 | KMT | KENNAMETAL INC | 0.33% | Reduce -86.8% | 195,709 | $6.51M | $33.28 | No quote |
| 21 | PAH | PLATFORM SPECIALTY PRODS COR | 0.14% | Reduce -88.6% | 264,723 | $2.74M | No quote | No quote |
| 22 | BAC | BANK AMER CORP | 0.03% | Reduce -99.3% | 25,000 | $616K | $24.64 | No quote |
| 40 | XPO | XPO LOGISTICS INC | - | Sold | 0 | $0 | No quote | No quote |
| 39 | WMIH | WMIH CORP | - | Sold | 0 | $0 | No quote | No quote |
| 38 | WMB | WILLIAMS COS INC DEL | - | Sold | 0 | $0 | No quote | No quote |
| 37 | VNTRQ | VENATOR MATLS PLC | - | Sold | 0 | $0 | No quote | No quote |
| 36 | TMO | THERMO FISHER SCIENTIFIC INC | - | Sold | 0 | $0 | No quote | No quote |
| 35 | SUM | SUMMIT MATLS INC | - | Sold | 0 | $0 | No quote | No quote |
| 34 | SYK | STRYKER CORP | - | Sold | 0 | $0 | No quote | No quote |
| 33 | STT | STATE STR CORP | - | Sold | 0 | $0 | No quote | No quote |
| 32 | OC | OWENS CORNING NEW | - | Sold | 0 | $0 | No quote | No quote |
| 31 | LRCX | LAM RESEARCH CORP | - | Sold | 0 | $0 | No quote | No quote |
| 30 | HUN | HUNTSMAN CORP | - | Sold | 0 | $0 | No quote | No quote |
| 29 | ETP | ENERGY TRANSFER PARTNERS LP | - | Sold | 0 | $0 | No quote | No quote |
| 28 | DG | DOLLAR GEN CORP NEW | - | Sold | 0 | $0 | No quote | No quote |
| 27 | CNC | CENTENE CORP DEL | - | Sold | 0 | $0 | No quote | No quote |
| 26 | BYD | BOYD GAMING CORP | - | Sold | 0 | $0 | No quote | No quote |
| 25 | BSX | BOSTON SCIENTIFIC CORP | - | Sold | 0 | $0 | No quote | No quote |
| 24 | AAPL | APPLE INC | - | Sold | 0 | $0 | No quote | No quote |
| 23 | BABA | ALIBABA GROUP HLDG LTD | - | Sold | 0 | $0 | No quote | No quote |
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.
| 1 | CZR 5 10/01/24 | CAESARS ENTMT CORPNOTE 5.000%10/0 | OTHER | 24,408,230 | $30.66M |