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 24 of 37 rows. Rows without a quote are marked unavailable.
| 1 | AMZN | AMAZON COM INC | 14.92% | Reduce -14.2% | 250,000 | $487.43M | $1949.72 | |
| 2 | BABA | ALIBABA GROUP HLDG LTD | 13.49% | Reduce -5.6% | 2,265,000 | $440.5M | $194.48 | |
| 3 | GOOG | ALPHABET INC | 12.85% | Reduce -17.9% | 361,000 | $419.77M | $1162.81 | |
| 4 | META | FACEBOOK INC | 12.32% | Reduce -14.6% | 2,413,000 | $402.49M | $166.80 | |
| 5 | MU | MICRON TECHNOLOGY INC | 11.41% | Add +9.4% | 8,860,000 | $372.65M | $42.06 | |
| 6 | TWTR | TWITTER INC | 4.16% | New | 5,530,000 | $135.82M | No quote | No quote |
| 7 | AGN | ALLERGAN PLC | 3.77% | Reduce -46.3% | 695,000 | $123.09M | No quote | No quote |
| 8 | PCG | PG&E CORP | 3.12% | Reduce -34.8% | 11,340,000 | $101.95M | $8.99 | |
| 9 | NFLX | NETFLIX INC | 2.93% | New | 255,000 | $95.75M | $375.50 | |
| 10 | ET | ENERGY TRANSFER LP | 2.29% | Add +45.0% | 16,288,665 | $74.93M | $4.60 | |
| 11 | ADBE | ADOBE INC | 2.17% | Reduce -7.1% | 223,000 | $70.97M | $318.24 | |
| 12 | CRM | SALESFORCE COM INC | 2.05% | Reduce -6.9% | 465,500 | $67.02M | $143.98 | |
| 13 | TMUS | T MOBILE US INC | 1.98% | Add +10.0% | 770,000 | $64.6M | $83.90 | |
| 14 | UNH | UNITEDHEALTH GROUP INC | 1.91% | Reduce -16.7% | 250,000 | $62.35M | $249.38 | |
| 15 | AVGO | BROADCOM INC | 1.69% | Reduce -15.3% | 233,000 | $55.24M | $237.10 | |
| 16 | S | SPRINT CORPORATION | 1.68% | New | 6,380,000 | $55M | No quote | No quote |
| 17 | QCOM | QUALCOMM INC | 1.15% | New | 557,000 | $37.68M | $67.65 | |
| 18 | HCA | HCA HEALTHCARE INC | 0.78% | New | 285,000 | $25.61M | $89.85 | |
| 19 | TSLA | TESLA INC | 0.67% | New | 42,000 | $22.01M | $524.00 | |
| 20 | AMLP | ALPS ETF TR | 0.64% | Reduce -7.8% | 6,040,000 | $20.78M | $3.44 | No quote |
| 21 | WFC | WELLS FARGO CO NEW | 0.62% | New | 700,000 | $20.09M | $28.70 | |
| 22 | GT | GOODYEAR TIRE & RUBR CO | 0.60% | New | 3,368,000 | $19.6M | $5.82 | |
| 23 | VST | VISTRA ENERGY CORP | 0.59% | Reduce -29.6% | 1,210,000 | $19.31M | $15.96 | |
| 24 | HUM | HUMANA INC | 0.57% | Reduce -21.3% | 59,000 | $18.53M | $314.02 | |
| 25 | I | INTELSAT S A | 0.48% | Add +251.7% | 10,146,300 | $15.52M | No quote | No quote |
| 26 | XLU | SELECT SECTOR SPDR TR | 0.46% | New | 271,500 | $15.04M | No quote | No quote |
| 27 | MSFT | MICROSOFT CORP | 0.43% | New | 90,000 | $14.19M | $157.71 | |
| 28 | BSX | BOSTON SCIENTIFIC CORP | 0.11% | New | 115,000 | $3.75M | $32.63 | |
| 29 | BKLN | INVESCO EXCHANGE-TRADED FD T | 0.09% | New | 150,000 | $3.07M | $20.46 | |
| 30 | WES | WESTERN MIDSTREAM PARTNERS L | 0.04% | New | 395,101 | $1.28M | No quote | No quote |
| 35 | CWEN | CLEARWAY ENERGY INC | - | Sold | 0 | $0 | No quote | No quote |
| 34 | CWEN/A | CLEARWAY ENERGY INCCUSIP 18539C105 | - | Sold | 0 | $0 | No quote | No quote |
| 33 | LNG | CHENIERE ENERGY INC | - | Sold | 0 | $0 | No quote | No quote |
| 32 | CZR | CAESARS ENTMT CORP | - | Sold | 0 | $0 | No quote | No quote |
| 31 | AVGOP | BROADCOM INC | - | Sold | 0 | $0 | No quote | No quote |
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.
| 1 | I 4.5 06/15/25 | INTELSAT S ANOTE 4.500% 6/1 | OTHER | 25,000,000 | $5.5M |
| 2 | CZR 5 10/01/24 | CAESARS ENTMT CORPNOTE 5.000%10/0 | OTHER | 0 | $0 |