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.
Get email alerts when David Tepper files a new 13F — sign in or create a free account.
Live quotes available for 26 of 30 rows. Rows without a quote are marked unavailable.
| 1 | GOOG | ALPHABET INC | 11.86% | Add +5.8% | 2,110,000 | $219.44M | $104.00 | |
| 2 | AMZN | AMAZON COM INC | 11.16% | Add +33.3% | 2,000,000 | $206.58M | $103.29 | |
| 3 | UBER | UBER TECHNOLOGIES INC | 10.28% | Add +389.8% | 6,000,000 | $190.2M | $31.70 | |
| 4 | CEG | CONSTELLATION ENERGY CORP | 8.87% | Reduce -12.9% | 2,090,000 | $164.07M | $78.50 | |
| 5 | META | META PLATFORMS INC | 8.02% | Add +21.7% | 700,000 | $148.36M | $211.94 | |
| 6 | ET | ENERGY TRANSFER L P | 6.88% | - | 10,203,430 | $127.24M | $12.47 | |
| 7 | M | MACYS INC | 5.67% | Add +0.8% | 6,000,000 | $104.94M | $17.49 | |
| 8 | EQT | EQT CORP | 4.40% | - | 2,550,000 | $81.37M | $31.91 | |
| 9 | FDX | FEDEX CORP | 4.32% | New | 350,000 | $79.97M | $228.49 | |
| 10 | MSFT | MICROSOFT CORP | 4.05% | Add +10.6% | 260,000 | $74.96M | $288.30 | |
| 11 | UNH | UNITEDHEALTH GROUP INC | 3.83% | - | 150,000 | $70.89M | $472.59 | |
| 12 | CRM | SALESFORCE INC | 3.13% | Reduce -3.3% | 290,000 | $57.94M | $199.78 | |
| 13 | NVDA | NVIDIA CORPORATION | 2.25% | New | 150,000 | $41.67M | $277.77 | |
| 14 | HCA | HCA HEALTHCARE INC | 2.03% | Reduce -21.9% | 142,500 | $37.57M | $263.68 | |
| 15 | TSLA | TESLA INC | 1.68% | New | 150,000 | $31.12M | $207.46 | |
| 16 | DIS | DISNEY WALT CO | 1.62% | - | 300,000 | $30.04M | $100.13 | |
| 17 | AR | ANTERO RESOURCES CORP | 1.59% | Add +2.0% | 1,275,000 | $29.44M | $23.09 | |
| 18 | CZR | CAESARS ENTERTAINMENT INC NE | 1.12% | - | 425,000 | $20.74M | $48.81 | |
| 19 | ARKK | ARK ETF TR | 1.09% | New | 500,000 | $20.17M | No quote | No quote |
| 20 | MTCH | MATCH GROUP INC NEW | 1.09% | New | 525,000 | $20.15M | $38.39 | |
| 21 | EXE | CHESAPEAKE ENERGY CORP | 1.04% | - | 253,055 | $19.24M | $76.04 | |
| 22 | CHKEZ | CHESAPEAKE ENERGY CORP | 0.86% | - | 250,000 | $15.96M | No quote | No quote |
| 23 | EPD | ENTERPRISE PRODS PARTNERS L | 0.72% | - | 517,980 | $13.42M | $25.90 | |
| 24 | SYY | SYSCO CORP | 0.63% | - | 150,000 | $11.58M | $77.23 | |
| 25 | BABA | ALIBABA GROUP HLDG LTD | 0.55% | - | 100,000 | $10.22M | $102.18 | |
| 26 | CHKEL | CHESAPEAKE ENERGY CORP | 0.47% | - | 150,000 | $8.74M | No quote | No quote |
| 27 | AMLP | ALPS ETF TR | 0.43% | - | 204,000 | $7.88M | $38.65 | |
| 28 | MPLX | MPLX LP | 0.36% | - | 192,325 | $6.63M | $34.45 | |
| 29 | APTV | APTIV PLC | - | Sold | 0 | $0 | No quote | No quote |
Options positions
Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.
| 1 | XLF | SELECT SECTOR SPDR TRFINANCIAL | PUT | New | 1,316,800 | $42.34M |