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.
Get email alerts when David Tepper files a new 13F — sign in or create a free account.
Live quotes available for 35 of 48 rows. Rows without a quote are marked unavailable.
| 1 | TMUS | T-MOBILE US INC | 9.89% | Reduce -5.9% | 4,905,000 | $661.44M | $134.85 | |
| 2 | AMZN | AMAZON COM INC | 9.63% | Add +39.7% | 197,700 | $643.9M | $3256.93 | |
| 3 | MU | MICRON TECHNOLOGY INC | 8.99% | Reduce -34.7% | 8,000,000 | $601.44M | $75.18 | |
| 4 | META | FACEBOOK INC | 8.21% | Add +13.8% | 2,011,000 | $549.33M | $273.16 | |
| 5 | PCG | PG&E CORP | 7.89% | Reduce -47.5% | 42,370,317 | $527.93M | $12.46 | |
| 6 | GOOG | ALPHABET INC | 6.67% | Reduce -1.2% | 254,500 | $445.85M | $1751.88 | |
| 7 | BABA | ALIBABA GROUP HLDG LTD | 6.61% | Reduce -14.4% | 1,900,000 | $442.19M | $232.73 | |
| 8 | TWTR | TWITTER INC | 3.85% | Add +1.9% | 4,750,000 | $257.21M | No quote | No quote |
| 9 | HCA | HCA HEALTHCARE INC | 2.46% | Add +7.0% | 1,000,000 | $164.46M | $164.46 | |
| 10 | ET | ENERGY TRANSFER LP | 2.22% | Add +26.9% | 24,066,259 | $148.73M | $6.18 | |
| 11 | MA | MASTERCARD INCORPORATED | 2.15% | Reduce -9.0% | 402,500 | $143.67M | $356.94 | |
| 12 | OXY | OCCIDENTAL PETE CORP | 2.10% | New | 8,100,540 | $140.22M | $17.31 | |
| 13 | V | VISA INC | 2.03% | Reduce -8.8% | 620,000 | $135.61M | $218.73 | |
| 14 | DIS | DISNEY WALT CO | 2.02% | Reduce -15.3% | 745,000 | $134.98M | $181.18 | |
| 15 | PYPL | PAYPAL HLDGS INC | 1.84% | Reduce -14.3% | 525,000 | $122.96M | $234.20 | |
| 16 | CRM | SALESFORCE COM INC | 1.83% | Add +25.7% | 550,000 | $122.39M | $222.53 | |
| 17 | MSFT | MICROSOFT CORP | 1.83% | Add +81.8% | 550,000 | $122.33M | $222.42 | |
| 18 | XLE | SELECT SECTOR SPDR TR | 1.77% | New | 3,125,000 | $118.44M | No quote | No quote |
| 19 | ADBE | ADOBE SYSTEMS INCORPORATED | 1.50% | Add +14.3% | 200,000 | $100.02M | $500.12 | |
| 20 | SYY | SYSCO CORP | 1.39% | Reduce -2.0% | 1,250,000 | $92.83M | $74.26 | |
| 21 | QCOM | QUALCOMM INC | 1.37% | New | 600,000 | $91.4M | $152.34 | |
| 22 | EMR | EMERSON ELEC CO | 1.17% | Reduce -20.9% | 975,000 | $78.36M | $80.37 | |
| 23 | M | MACYS INC | 1.08% | New | 6,400,000 | $72M | $11.25 | |
| 24 | KMX | CARMAX INC | 1.06% | New | 750,000 | $70.85M | $94.46 | |
| 25 | KSS | KOHLS CORP | 1.05% | New | 1,725,000 | $70.19M | No quote | No quote |
| 26 | UNH | UNITEDHEALTH GROUP INC | 1.05% | Add +183.7% | 200,000 | $70.14M | $350.68 | |
| 27 | NFLX | NETFLIX INC | 1.03% | Reduce -3.4% | 127,000 | $68.67M | $540.73 | |
| 28 | EPD | ENTERPRISE PRODS PARTNERS L | 1.01% | New | 3,452,759 | $67.64M | $19.59 | |
| 29 | AMLP | ALPS ETF TR | 0.82% | Add +134.8% | 2,125,000 | $54.53M | $25.66 | No quote |
| 30 | XOP | SPDR SER TR | 0.81% | New | 925,000 | $54.11M | $58.50 | |
| 31 | GT | GOODYEAR TIRE & RUBR CO | 0.73% | Reduce -2.1% | 4,454,332 | $48.6M | $10.91 | |
| 32 | EWY | ISHARES INC | 0.64% | New | 500,000 | $43.03M | $86.05 | |
| 33 | SQ | SQUARE INC | 0.59% | Reduce -35.4% | 182,500 | $39.72M | No quote | No quote |
| 34 | BFH | ALLIANCE DATA SYSTEMS CORP | 0.50% | New | 450,000 | $33.35M | $74.10 | |
| 35 | EQT | EQT CORP | 0.42% | New | 2,192,085 | $27.86M | $12.71 | |
| 36 | FCX | FREEPORT-MCMORAN INC | 0.36% | New | 935,000 | $24.33M | $26.02 | |
| 37 | MPLX | MPLX LP | 0.35% | New | 1,094,022 | $23.69M | $21.65 | |
| 38 | WES | WESTERN MIDSTREAM PARTNERS L | 0.20% | Add +38.2% | 985,376 | $13.62M | No quote | No quote |
| 39 | WFC | WELLS FARGO CO NEW | 0.18% | Reduce -54.3% | 400,000 | $12.07M | $30.18 | |
| 40 | MMP | MAGELLAN MIDSTREAM PRTNRS LP | 0.18% | New | 280,690 | $11.91M | No quote | No quote |
| 41 | PCGU | PG&E CORP | 0.14% | - | 75,000 | $9.21M | No quote | No quote |
| 42 | DGNS | DRAGONEER GROWTH OPPTY CORP | 0.13% | New | 750,000 | $8.79M | No quote | No quote |
| 43 | TEN | TENNECO INC | 0.12% | Add +3.3% | 780,019 | $8.27M | No quote | No quote |
| 44 | KMI | KINDER MORGAN INC DEL | 0.12% | New | 590,000 | $8.07M | $13.67 | |
| 45 | ENBL | ENABLE MIDSTREAM PARTNERS LP | 0.02% | - | 307,116 | $1.62M | No quote | No quote |
| 48 | BSX | BOSTON SCIENTIFIC CORP | - | Sold | 0 | $0 | No quote | No quote |
| 47 | T | AT&T INC | - | Sold | 0 | $0 | No quote | No quote |
| 46 | MO | ALTRIA GROUP INC | - | Sold | 0 | $0 | No quote | No quote |