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.

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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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Filing period

Updated 2026-06-06 from SEC 13F data.

Live quotes available for 26 of 38 rows. Rows without a quote are marked unavailable.


1	PCG	PG&E CORP	13.41%	Add +803.1%	80,775,057	$758.48M	$9.39
2	BABA	ALIBABA GROUP HLDG LTD	11.54%	Reduce -34.2%	2,220,000	$652.64M	$293.98
3	TMUS	T-MOBILE US INC	10.54%	Reduce -11.6%	5,215,000	$596.39M	$114.36
4	MU	MICRON TECHNOLOGY INC	10.17%	Add +31.0%	12,250,000	$575.26M	$46.96
5	META	FACEBOOK INC	8.18%	Reduce -20.9%	1,767,500	$462.91M	$261.90
6	AMZN	AMAZON COM INC	7.88%	Reduce -37.1%	141,500	$445.55M	$3148.73
7	GOOG	ALPHABET INC	6.69%	Reduce -22.9%	257,500	$378.42M	$1469.60
8	TWTR	TWITTER INC	3.67%	Reduce -16.0%	4,660,000	$207.37M	No quote	No quote
9	MA	MASTERCARD INCORPORATED	2.65%	Reduce -18.8%	442,500	$149.64M	$338.17
10	V	VISA INC	2.40%	Reduce -19.1%	680,000	$135.98M	$199.97
11	T	AT&T INC	2.33%	Reduce -49.0%	4,625,000	$131.86M	$28.51
12	PYPL	PAYPAL HLDGS INC	2.13%	Reduce -29.6%	612,500	$120.68M	$197.03
13	HCA	HCA HEALTHCARE INC	2.06%	Reduce -10.9%	935,000	$116.58M	$124.68
14	CRM	SALESFORCE COM INC	1.94%	Reduce -12.5%	437,500	$109.95M	$251.32
15	DIS	DISNEY WALT CO	1.93%	Reduce -26.7%	880,000	$109.19M	$124.08
16	ET	ENERGY TRANSFER LP	1.82%	Add +25.5%	18,971,419	$102.83M	$5.42
17	ADBE	ADOBE SYSTEMS INCORPORATED	1.52%	Reduce -15.3%	175,000	$85.83M	$490.43
18	EMR	EMERSON ELEC CO	1.43%	Reduce -12.0%	1,232,500	$80.82M	$65.57
19	SYY	SYSCO CORP	1.40%	Reduce -32.0%	1,275,000	$79.33M	$62.22
20	NFLX	NETFLIX INC	1.16%	Reduce -42.8%	131,500	$65.75M	$500.03
21	MSFT	MICROSOFT CORP	1.12%	Add +9.0%	302,500	$63.63M	$210.33
22	SQ	SQUARE INC	0.81%	Reduce -30.0%	282,500	$45.92M	No quote	No quote
23	MO	ALTRIA GROUP INC	0.63%	Reduce -40.3%	925,000	$35.74M	$38.64
24	GT	GOODYEAR TIRE & RUBR CO	0.62%	Reduce -9.0%	4,550,000	$34.9M	$7.67
25	BSX	BOSTON SCIENTIFIC CORP	0.53%	Reduce -17.1%	787,500	$30.09M	$38.21
26	UNH	UNITEDHEALTH GROUP INC	0.39%	Reduce -47.8%	70,500	$21.98M	$311.77
27	WFC	WELLS FARGO CO NEW	0.36%	Reduce -54.0%	875,000	$20.57M	$23.51
28	AMLP	ALPS ETF TR	0.32%	Reduce -19.1%	905,000	$18.08M	$19.98	No quote
29	PCGU	PG&E CORP	0.13%	New	75,000	$7.36M	No quote	No quote
30	WES	WESTERN MIDSTREAM PARTNERS L	0.10%	Reduce -33.7%	712,816	$5.7M	No quote	No quote
31	TEN	TENNECO INC	0.09%	Add +243.2%1:5 reverse	755,000	$5.24M	No quote	No quote
32	ENBL	ENABLE MIDSTREAM PARTNERS LP	0.02%	Reduce -33.8%	307,116	$1.27M	No quote	No quote
38	VST	VISTRA ENERGY CORP	-	Sold	0	$0	No quote	No quote
37	TSLA	TESLA INC	-	Sold	0	$0	No quote	No quote
36	TMUSR	T-MOBILE US INC	-	Sold	0	$0	No quote	No quote
35	QCOM	QUALCOMM INC	-	Sold	0	$0	No quote	No quote
34	HUM	HUMANA INC	-	Sold	0	$0	No quote	No quote
33	AVGO	BROADCOM INC	-	Sold	0	$0	No quote	No quote