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 16 of 27 rows. Rows without a quote are marked unavailable.
| 1 | GOOG | ALPHABET INC | 14.92% | Reduce -1.1% | 440,000 | $588.29M | $1337.02 | No quote |
| 2 | META | FACEBOOK INC | 14.71% | - | 2,825,000 | $579.83M | $205.25 | No quote |
| 3 | AMZN | AMAZON COM INC | 13.66% | Add +10.0% | 291,500 | $538.65M | $1847.84 | No quote |
| 4 | BABA | ALIBABA GROUP HLDG LTD | 12.91% | Add +84.6% | 2,400,000 | $509.04M | $212.10 | No quote |
| 5 | MU | MICRON TECHNOLOGY INC | 11.05% | Add +35.0% | 8,100,000 | $435.62M | $53.78 | No quote |
| 6 | AGN | ALLERGAN PLC | 6.28% | - | 1,295,000 | $247.57M | No quote | No quote |
| 7 | PCG | PG&E CORP | 4.80% | Reduce -3.9% | 17,400,000 | $189.14M | $10.87 | No quote |
| 8 | ET | ENERGY TRANSFER LP | 3.66% | Add +91.8% | 11,231,053 | $144.09M | $12.83 | No quote |
| 9 | CZR | CAESARS ENTMT CORP | 3.47% | Reduce -10.3% | 10,050,000 | $136.68M | $13.60 | No quote |
| 10 | UNH | UNITEDHEALTH GROUP INC | 2.24% | Add +20.0% | 300,000 | $88.19M | $293.98 | No quote |
| 11 | AVGO | BROADCOM INC | 2.20% | Reduce -0.0% | 275,000 | $86.91M | $316.02 | No quote |
| 12 | CRM | SALESFORCE COM INC | 2.06% | - | 500,000 | $81.32M | $162.64 | No quote |
| 13 | ADBE | ADOBE INC | 2.01% | Add +17.1% | 240,000 | $79.15M | $329.81 | No quote |
| 14 | AMLP | ALPS ETF TR | 1.41% | - | 6,550,000 | $55.68M | $8.50 | No quote |
| 15 | TMUS | T MOBILE US INC | 1.39% | - | 700,000 | $54.89M | $78.42 | No quote |
| 16 | VST | VISTRA ENERGY CORP | 1.00% | - | 1,719,100 | $39.52M | $22.99 | No quote |
| 17 | HUM | HUMANA INC | 0.70% | - | 75,000 | $27.49M | $366.52 | No quote |
| 18 | LNG | CHENIERE ENERGY INC | 0.64% | - | 410,000 | $25.04M | No quote | No quote |
| 19 | I | INTELSAT S A | 0.51% | New | 2,885,019 | $20.28M | No quote | No quote |
| 20 | CWEN | CLEARWAY ENERGY INC | 0.22% | Reduce -25.8% | 443,295 | $8.84M | No quote | No quote |
| 21 | AVGOP | BROADCOM INC | 0.07% | New | 2,500 | $2.95M | No quote | No quote |
| 22 | CWEN/A | CLEARWAY ENERGY INCCUSIP 18539C105 | 0.07% | Reduce -22.0% | 136,462 | $2.61M | No quote | No quote |
| 26 | XOP | SPDR SERIES TRUST | - | Sold | 0 | $0 | No quote | No quote |
| 25 | COOP | MR COOPER GROUP INC | - | Sold | 0 | $0 | No quote | No quote |
| 24 | BA | BOEING CO | - | Sold | 0 | $0 | No quote | No quote |
| 23 | AABA | ALTABA INC | - | 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 | 20,000,000 | $38.78M |