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 31 of 43 rows. Rows without a quote are marked unavailable.


1	BABA	ALIBABA GROUP HLDG LTD	12.64%	Add +49.0%	3,375,000	$727.99M	$215.70
2	AMZN	AMAZON COM INC	10.78%	Reduce -10.0%	225,000	$620.74M	$2758.82
3	TMUS	T-MOBILE US INC	10.67%	Add +666.2%	5,900,000	$614.49M	$104.15
4	META	FACEBOOK INC	8.81%	Reduce -7.5%	2,233,000	$507.05M	$227.07
5	MU	MICRON TECHNOLOGY INC	8.37%	Add +5.5%	9,350,000	$481.71M	$51.52
6	GOOG	ALPHABET INC	8.20%	Reduce -7.5%	334,000	$472.15M	$1413.61
7	T	AT&T INC	4.77%	New	9,077,200	$274.4M	$30.23
8	TWTR	TWITTER INC	2.87%	Add +0.4%	5,550,000	$165.34M	No quote	No quote
9	V	VISA INC	2.82%	New	840,000	$162.26M	$193.17
10	MA	MASTERCARD INCORPORATED	2.80%	New	545,000	$161.16M	$295.70
11	PYPL	PAYPAL HLDGS INC	2.63%	New	870,000	$151.58M	$174.23
12	DIS	DISNEY WALT CO	2.32%	New	1,200,000	$133.81M	$111.51
13	ET	ENERGY TRANSFER LP	1.87%	Reduce -7.2%	15,120,103	$107.66M	$7.12
14	NFLX	NETFLIX INC	1.82%	Reduce -9.8%	230,000	$104.66M	$455.04
15	SYY	SYSCO CORP	1.78%	New	1,875,000	$102.49M	$54.66
16	HCA	HCA HEALTHCARE INC	1.77%	Add +268.4%	1,050,000	$101.91M	$97.06
17	CRM	SALESFORCE COM INC	1.63%	Add +7.4%	500,000	$93.67M	$187.33
18	ADBE	ADOBE INC	1.56%	Reduce -7.4%	206,500	$89.89M	$435.31
19	EMR	EMERSON ELEC CO	1.51%	New	1,400,000	$86.84M	$62.03
20	PCG	PG&E CORP	1.38%	Reduce -21.1%	8,943,659	$79.33M	$8.87
21	AVGO	BROADCOM INC	1.10%	Reduce -14.2%	200,000	$63.12M	$315.61
22	MO	ALTRIA GROUP INC	1.06%	New	1,550,000	$60.84M	$39.25
23	MSFT	MICROSOFT CORP	0.98%	Add +208.3%	277,500	$56.47M	$203.51
24	WFC	WELLS FARGO CO NEW	0.84%	Add +171.4%	1,900,000	$48.64M	$25.60
25	QCOM	QUALCOMM INC	0.82%	Reduce -7.5%	515,500	$47.02M	$91.21
26	GT	GOODYEAR TIRE & RUBR CO	0.78%	Add +48.5%	5,000,000	$44.73M	$8.95
27	SQ	SQUARE INC	0.74%	New	403,793	$42.37M	No quote	No quote
28	UNH	UNITEDHEALTH GROUP INC	0.69%	Reduce -46.0%	135,000	$39.82M	$294.95
29	BSX	BOSTON SCIENTIFIC CORP	0.58%	Add +726.1%	950,000	$33.36M	$35.11
30	AMLP	ALPS ETF TR	0.48%	Reduce -7.5%1:5 reverse	1,118,000	$27.59M	$24.68	No quote
31	VST	VISTRA ENERGY CORP	0.36%	Reduce -7.4%	1,120,000	$20.85M	$18.62
32	WES	WESTERN MIDSTREAM PARTNERS L	0.19%	Add +172.2%	1,075,428	$10.8M	No quote	No quote
33	TEN	TENNECO INC	0.14%	New	1,100,000	$8.32M	No quote	No quote
34	TSLA	TESLA INC	0.13%	Reduce -83.3%	7,000	$7.56M	$1079.86
35	HUM	HUMANA INC	0.09%	Reduce -76.3%	14,000	$5.43M	$387.79
36	ENBL	ENABLE MIDSTREAM PARTNERS LP	0.04%	New	463,670	$2.17M	No quote	No quote
37	TMUSR	T-MOBILE US INC	0.00%	New	1,550,000	$260K	No quote	No quote
42	S	SPRINT CORPORATION	-	Sold	0	$0	No quote	No quote
41	XLU	SELECT SECTOR SPDR TR	-	Sold	0	$0	No quote	No quote
40	BKLN	INVESCO EXCHANGE-TRADED FD T	-	Sold	0	$0	No quote	No quote
39	I	INTELSAT S A	-	Sold	0	$0	No quote	No quote
38	AGN	ALLERGAN PLC	-	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	0	$0