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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Updated 2026-06-06 from SEC 13F data.
Live quotes available for 36 of 61 rows. Rows without a quote are marked unavailable.
| 1 | MU | MICRON TECHNOLOGY INC | 10.63% | Add +61.3% | 27,500,000 | $1.13B | $41.12 | No quote |
| 2 | META | FACEBOOK INC | 9.17% | Add +67.6% | 5,529,441 | $975.73M | $176.46 | No quote |
| 3 | QQQ | POWERSHARES QQQ TRUST | 8.49% | Add +305.6% | 5,800,000 | $903.41M | $155.76 | No quote |
| 4 | AAPL | APPLE INC | 7.30% | Add +237.1% | 4,587,852 | $776.4M | $169.23 | No quote |
| 5 | BABA | ALIBABA GROUP HLDG LTD | 7.00% | Add +21.3% | 4,320,234 | $744.94M | $172.43 | No quote |
| 6 | AABA | ALTABA INC | 5.82% | Add +89.3% | 8,865,000 | $619.22M | No quote | No quote |
| 7 | AGN | ALLERGAN PLC | 5.33% | Add +83.5% | 3,465,862 | $566.95M | No quote | No quote |
| 8 | BAC | BANK AMER CORP | 4.76% | Add +171.0% | 17,150,000 | $506.27M | $29.52 | No quote |
| 9 | EEM | ISHARES TR | 4.03% | New | 9,100,000 | $428.79M | $47.12 | No quote |
| 10 | GOOG | ALPHABET INC | 3.50% | Reduce -37.4% | 355,729 | $372.24M | $1046.40 | No quote |
| 11 | XLF | SELECT SECTOR SPDR TR | 2.95% | Add +38.9% | 11,254,500 | $314.11M | $27.91 | No quote |
| 12 | NRG | NRG ENERGY INC | 2.61% | Add +15.6% | 9,759,777 | $277.96M | $28.48 | No quote |
| 13 | TMUS | T MOBILE US INC | 2.30% | New | 3,857,224 | $244.97M | $63.51 | No quote |
| 14 | ALLY | ALLY FINL INC | 2.20% | Add +18.0% | 8,036,523 | $234.35M | $29.16 | No quote |
| 15 | XPO | XPO LOGISTICS INC | 1.90% | Add +3326.8% | 2,203,790 | $201.85M | $91.59 | No quote |
| 16 | ETP | ENERGY TRANSFER PARTNERS LP | 1.38% | Reduce -31.6% | 8,180,094 | $146.59M | No quote | No quote |
| 17 | XLE | SELECT SECTOR SPDR TR | 1.36% | New | 2,007,200 | $145.04M | No quote | No quote |
| 18 | WPZ | WILLIAMS PARTNERS L P NEW | 1.35% | Reduce -50.0% | 3,716,117 | $144.11M | No quote | No quote |
| 19 | URI | UNITED RENTALS INC | 1.23% | Reduce -18.3% | 761,478 | $130.91M | $171.91 | No quote |
| 20 | UNH | UNITEDHEALTH GROUP INC | 1.23% | Reduce -11.6% | 591,589 | $130.42M | $220.46 | No quote |
| 21 | BSX | BOSTON SCIENTIFIC CORP | 1.11% | Add +27.4% | 4,782,683 | $118.56M | $24.79 | No quote |
| 22 | TMO | THERMO FISHER SCIENTIFIC INC | 1.02% | Reduce -3.4% | 572,000 | $108.61M | $189.88 | No quote |
| 23 | OC | OWENS CORNING NEW | 0.85% | Reduce -53.6% | 988,035 | $90.84M | $91.94 | No quote |
| 24 | HUN | HUNTSMAN CORP | 0.82% | Reduce -48.7% | 2,633,185 | $87.66M | $33.29 | No quote |
| 25 | ET | ENERGY TRANSFER EQUITY L P | 0.82% | Add +8.3% | 5,060,815 | $87.35M | $17.26 | No quote |
| 26 | CMCSA | COMCAST CORP NEW | 0.75% | New | 1,986,078 | $79.54M | $40.05 | No quote |
| 27 | ALL | ALLSTATE CORP | 0.75% | Reduce -48.4% | 758,069 | $79.38M | $104.71 | No quote |
| 28 | SUM | SUMMIT MATLS INC | 0.74% | Add +27.9% | 2,510,401 | $78.93M | No quote | No quote |
| 29 | MGM | MGM RESORTS INTERNATIONAL | 0.73% | New | 2,326,766 | $77.69M | $33.39 | No quote |
| 30 | DG | DOLLAR GEN CORP NEW | 0.72% | Add +37.6% | 824,607 | $76.7M | $93.01 | No quote |
| 31 | CNC | CENTENE CORP DEL | 0.72% | Reduce -30.1% | 758,717 | $76.54M | $100.88 | No quote |
| 32 | AY | ATLANTICA YIELD PLC | 0.71% | Reduce -24.2% | 3,543,012 | $75.15M | No quote | No quote |
| 33 | XOP | SPDR SERIES TRUST | 0.70% | New | 2,007,200 | $74.63M | $37.18 | No quote |
| 34 | CZR | CAESARS ENTMT CORP | 0.70% | New | 5,860,349 | $74.13M | $12.65 | No quote |
| 35 | KMT | KENNAMETAL INC | 0.64% | Reduce -21.6% | 1,410,804 | $68.3M | $48.41 | No quote |
| 36 | SYK | STRYKER CORP | 0.54% | Reduce -30.4% | 371,000 | $57.45M | $154.84 | No quote |
| 37 | TERP | TERRAFORM PWR INC | 0.52% | Reduce -45.7% | 4,645,157 | $55.56M | No quote | No quote |
| 38 | PCG | PG&E CORP | 0.48% | New | 1,129,808 | $50.65M | $44.83 | No quote |
| 39 | HCA | HCA HEALTHCARE INC | 0.46% | Add +200.9% | 552,884 | $48.57M | $87.84 | No quote |
| 40 | WDC | WESTERN DIGITAL CORP | 0.45% | Reduce -76.7% | 600,000 | $47.72M | $79.53 | No quote |
| 41 | VNTRQ | VENATOR MATLS PLC | 0.36% | New | 1,748,605 | $38.68M | No quote | No quote |
| 42 | BTUPR | PEABODY ENERGY CORP NEW | 0.22% | Add +4.3% | 314,121 | $23.28M | No quote | No quote |
| 43 | MHK | MOHAWK INDS INC | 0.18% | Reduce -78.2% | 69,305 | $19.12M | $275.90 | No quote |
| 44 | VST | VISTRA ENERGY CORP | 0.17% | New | 961,285 | $17.61M | $18.32 | No quote |
| 45 | CSX | CSX CORP | 0.09% | New | 175,479 | $9.65M | $55.01 | No quote |
| 46 | LNG | CHENIERE ENERGY INC | 0.09% | New | 177,045 | $9.53M | No quote | No quote |
| 47 | WMIH | WMIH CORP | 0.06% | - | 7,600,000 | $6.45M | No quote | No quote |
| 48 | LUV | SOUTHWEST AIRLS CO | 0.05% | Reduce -90.4% | 74,265 | $4.86M | $65.45 | No quote |
| 60 | WHR | WHIRLPOOL CORP | - | Sold | 0 | $0 | No quote | No quote |
| 59 | RRC | RANGE RES CORP | - | Sold | 0 | $0 | No quote | No quote |
| 58 | PNC | PNC FINL SVCS GROUP INC | - | Sold | 0 | $0 | No quote | No quote |
| 57 | BTU | PEABODY ENERGY CORP NEW | - | Sold | 0 | $0 | No quote | No quote |
| 56 | KMI | KINDER MORGAN INC DEL | - | Sold | 0 | $0 | No quote | No quote |
| 55 | HAIN | HAIN CELESTIAL GROUP INC | - | Sold | 0 | $0 | No quote | No quote |
| 54 | GM | GENERAL MTRS CO | - | Sold | 0 | $0 | No quote | No quote |
| 53 | CHK | CHESAPEAKE ENERGY CORP | - | Sold | 0 | $0 | No quote | No quote |
| 52 | CBS | CBS CORP NEW | - | Sold | 0 | $0 | No quote | No quote |
| 51 | AMAT | APPLIED MATLS INC | - | Sold | 0 | $0 | No quote | No quote |
| 50 | AR | ANTERO RES CORP | - | Sold | 0 | $0 | No quote | No quote |
| 49 | AERI | AERIE PHARMACEUTICALS 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 | 48,992,834 | $95.59M |