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 35 of 59 rows. Rows without a quote are marked unavailable.


1	MU	MICRON TECHNOLOGY INC	24.43%	Add +14.5%	40,527,800	$2.13B	$52.44	No quote
2	META	FACEBOOK INC	11.34%	Reduce -18.3%	5,075,000	$986.17M	$194.32	No quote
3	AGN	ALLERGAN PLC	6.50%	Reduce -8.4%	3,390,000	$565.18M	No quote	No quote
4	BABA	ALIBABA GROUP HLDG LTD	5.64%	Reduce -34.8%	2,642,974	$490.35M	$185.53	No quote
5	AABA	ALTABA INC	5.40%	Reduce -20.1%	6,412,700	$469.47M	No quote	No quote
6	GOOG	ALPHABET INC	4.24%	Reduce -18.4%	331,000	$369.28M	$1115.65	No quote
7	TMUS	T MOBILE US INC	2.75%	Reduce -3.6%	4,000,000	$239M	$59.75	No quote
8	LRCX	LAM RESEARCH CORP	2.74%	Add +6.5%	1,380,000	$238.53M	$172.85	No quote
9	BAC	BANK AMER CORP	2.35%	Reduce -33.9%	7,243,695	$204.2M	$28.19	No quote
10	WFC	WELLS FARGO CO NEW	2.08%	Add +10.8%	3,256,261	$180.53M	$55.44	No quote
11	CZR	CAESARS ENTMT CORP	1.94%	Add +24.6%	15,774,344	$168.79M	$10.70	No quote
12	XPO	XPO LOGISTICS INC	1.89%	Reduce -22.9%	1,645,045	$164.8M	$100.18	No quote
13	UNH	UNITEDHEALTH GROUP INC	1.49%	Reduce -25.1%	529,390	$129.88M	$245.34	No quote
14	ALLY	ALLY FINL INC	1.45%	Reduce -39.4%	4,817,993	$126.57M	$26.27	No quote
15	CNC	CENTENE CORP DEL	1.45%	Reduce -16.2%	1,025,916	$126.4M	$123.21	No quote
16	TMO	THERMO FISHER SCIENTIFIC INC	1.39%	Reduce -2.0%	585,000	$121.18M	$207.14	No quote
17	ETP	ENERGY TRANSFER PARTNERS LP	1.21%	Reduce -17.0%	5,551,581	$105.7M	No quote	No quote
18	UBS	UBS GROUP AG	1.21%	Reduce -1.8%	6,828,480	$105.7M	$15.48	No quote
19	KEY	KEYCORP NEW	1.20%	New	5,351,561	$104.57M	$19.54	No quote
20	ET	ENERGY TRANSFER EQUITY L P	1.18%	Reduce -5.0%	5,975,672	$103.08M	$17.25	No quote
21	HUN	HUNTSMAN CORP	1.04%	Reduce -16.8%	3,109,041	$90.78M	$29.20	No quote
22	DG	DOLLAR GEN CORP NEW	1.04%	Reduce -24.4%	918,719	$90.59M	$98.60	No quote
23	OC	OWENS CORNING NEW	1.03%	Reduce -0.5%	1,409,164	$89.3M	$63.37	No quote
24	WPZ	WILLIAMS PARTNERS L P NEW	0.99%	Reduce -22.2%	2,119,775	$86.04M	No quote	No quote
25	WDC	WESTERN DIGITAL CORP	0.98%	Add +119.9%	1,099,500	$85.11M	$77.41	No quote
26	BSX	BOSTON SCIENTIFIC CORP	0.95%	Reduce -35.4%	2,528,138	$82.67M	$32.70	No quote
27	LNG	CHENIERE ENERGY INC	0.92%	Add +33.7%	1,229,741	$80.17M	No quote	No quote
28	NRG	NRG ENERGY INC	0.91%	Reduce -61.8%	2,572,442	$78.97M	$30.70	No quote
29	SYMC	SYMANTEC CORP	0.90%	New	3,800,000	$78.47M	No quote	No quote
30	PCG	PG&E CORP	0.88%	Add +8.7%	1,793,967	$76.35M	$42.56	No quote
31	KMT	KENNAMETAL INC	0.83%	Add +6.9%	2,017,257	$72.42M	$35.90	No quote
32	NXPI	NXP SEMICONDUCTORS N V	0.83%	New	659,272	$72.04M	$109.27	No quote
33	AY	ATLANTICA YIELD PLC	0.80%	Reduce -9.7%	3,461,464	$69.85M	No quote	No quote
34	SUM	SUMMIT MATLS INC	0.78%	Add +4.9%	2,580,314	$67.73M	No quote	No quote
35	SYK	STRYKER CORP	0.61%	Reduce -14.8%	316,000	$53.36M	$168.86	No quote
36	PAH	PLATFORM SPECIALTY PRODS COR	0.58%	Add +14.2%	4,338,801	$50.33M	No quote	No quote
37	CFG	CITIZENS FINL GROUP INC	0.56%	New	1,257,694	$48.92M	$38.90	No quote
38	BYD	BOYD GAMING CORP	0.54%	-	1,354,896	$46.96M	$34.66	No quote
39	VST	VISTRA ENERGY CORP	0.51%	New	1,870,951	$44.27M	$23.66	No quote
40	KNX	KNIGHT SWIFT TRANSN HLDGS IN	0.48%	Add +15.9%	1,100,700	$42.06M	$38.21	No quote
41	TERP	TERRAFORM PWR INC	0.46%	Reduce -17.5%	3,404,955	$39.84M	No quote	No quote
42	UAL	UNITED CONTL HLDGS INC	0.42%	Reduce 0.0%	525,276	$36.63M	$69.73	No quote
43	EDU	NEW ORIENTAL ED & TECH GRP I	0.39%	New	360,189	$34.1M	$94.66	No quote
44	VNTRQ	VENATOR MATLS PLC	0.33%	Reduce -2.0%	1,751,541	$28.66M	No quote	No quote
45	MGM	MGM RESORTS INTERNATIONAL	0.26%	Reduce -80.5%	793,504	$23.04M	$29.03	No quote
46	AMLP	ALPS ETF TR	0.06%	Reduce -90.1%	500,000	$5.05M	$10.10	No quote
47	WMIH	WMIH CORP	0.02%	Reduce -58.6%	1,355,646	$1.82M	No quote	No quote
58	SMH	VANECK VECTORS ETF TR	-	Sold	0	$0	No quote	No quote
57	URI	UNITED RENTALS INC	-	Sold	0	$0	No quote	No quote
56	XOP	SPDR SERIES TRUST	-	Sold	0	$0	No quote	No quote
55	XLF	SELECT SECTOR SPDR TR	-	Sold	0	$0	No quote	No quote
54	XLE	SELECT SECTOR SPDR TR	-	Sold	0	$0	No quote	No quote
53	QQQ	POWERSHARES QQQ TRUST	-	Sold	0	$0	No quote	No quote
52	BTU	PEABODY ENERGY CORP NEW	-	Sold	0	$0	No quote	No quote
51	NVDA	NVIDIA CORP	-	Sold	0	$0	No quote	No quote
50	HCA	HCA HEALTHCARE INC	-	Sold	0	$0	No quote	No quote
49	AMAT	APPLIED MATLS INC	-	Sold	0	$0	No quote	No quote
48	ALL	ALLSTATE CORP	-	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	$84.46M