Appaloosa David Tepper
Holdings as of the end of Q2 2025, reported in its 13F filing on Aug 14, 2025; changes vs Q1 2025. Source
Reported value
$6.4B
at quarter-end prices
Positions
38
top 10 are 65% of it
Bought · Q2 2025
13
8 new, 5 added 20%+
Sold · Q2 2025
13
5 sold out, 8 cut 20%+
Holdings 38
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q1 2025 |
|---|---|---|---|---|---|---|
| 1 | BABA | ALIBABA GROUP HLDG LTD | 7,067,271 | $801.5M | 12.4% | -23% |
| 2 | UNH | UNITEDHEALTH GROUP INC | 2,450,000 | $764.3M | 11.9% | +1300% |
| 3 | AMZN | AMAZON COM INC | 2,700,000 | $592.4M | 9.2% | +8% |
| 4 | VST | VISTRA CORP | 1,800,000 | $348.9M | 5.4% | -22% |
| 5 | NRG | NRG ENERGY INC | 1,980,000 | $317.9M | 4.9% | -3% |
| 6 | META | META PLATFORMS INC | 400,000 | $295.2M | 4.6% | -27% |
| 7 | NVDA | NVIDIA CORPORATION | 1,750,000 | $276.5M | 4.3% | +483% |
| 8 | GOOG | ALPHABET INC | 1,500,000 | $266.1M | 4.1% | -25% |
| 9 | UBER | UBER TECHNOLOGIES INC | 2,750,000 | $256.6M | 4.0% | -14% |
| 10 | MSFT | MICROSOFT CORP | 500,000 | $248.7M | 3.9% | -2% |
| 11 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 1,025,000 | $232.2M | 3.6% | +280% |
| 12 | JD | JD.COM INC | 7,000,000 | $228.5M | 3.5% | -13% |
| 13 | PDD | PDD HOLDINGS INC | 2,000,000 | $209.3M | 3.2% | -54% |
| 14 | INTC | INTEL CORP | 8,000,000 | $179.2M | 2.8% | new |
| 15 | KWEB | KRANESHARES TRUST | 4,000,000 | $137.3M | 2.1% | — |
| 16 | LYFT | LYFT INC | 8,000,000 | $126.1M | 2.0% | -11% |
| 17 | — | DEUTSCHE BANK A G | 4,000,000 | $117.1M | 1.8% | +7% |
| 18 | MU | MICRON TECHNOLOGY INC | 825,000 | $101.7M | 1.6% | +106% |
| 19 | GLW | CORNING INC | 1,750,000 | $92M | 1.4% | — |
| 20 | ET | ENERGY TRANSFER L P | 4,957,235 | $89.9M | 1.4% | — |
| 21 | LHX | L3HARRIS TECHNOLOGIES INC | 350,000 | $87.8M | 1.4% | +17% |
| 22 | RTX | RTX CORPORATION | 585,000 | $85.4M | 1.3% | new |
| 23 | CZR | CAESARS ENTERTAINMENT INC NE | 2,100,000 | $59.6M | 0.92% | -5% |
| 24 | — | ASML HOLDING N V | 70,000 | $56.1M | 0.87% | — |
| 25 | QCOM | QUALCOMM INC | 350,000 | $55.7M | 0.86% | — |
| 26 | BIDU | BAIDU INC | 625,000 | $53.6M | 0.83% | -19% |
| 27 | IQV | IQVIA HLDGS INC | 300,000 | $47.3M | 0.73% | new |
| 28 | UAL | UNITED AIRLS HLDGS INC | 550,000 | $43.8M | 0.68% | new |
| 29 | XYZ | BLOCK INC | 641,800 | $43.6M | 0.68% | +756% |
| 30 | LRCX | LAM RESEARCH CORP | 400,000 | $38.9M | 0.60% | -20% |
| 31 | FXI | ISHARES TR | 1,000,000 | $36.8M | 0.57% | -82% |
| 32 | ORCL | ORACLE CORP | 150,000 | $32.8M | 0.51% | -79% |
| 33 | MPLX | MPLX LP | 578,500 | $29.8M | 0.46% | — |
| 34 | DAL | DELTA AIR LINES INC DEL | 550,000 | $27M | 0.42% | new |
| 35 | WHR | WHIRLPOOL CORP | 266,092 | $27M | 0.42% | new |
| 36 | BEKE | KE HLDGS INC | 1,500,000 | $26.6M | 0.41% | -21% |
| 37 | GT | GOODYEAR TIRE & RUBR CO | 861,782 | $8.9M | 0.14% | new |
| 38 | MHK | MOHAWK INDS INC | 65,000 | $6.8M | 0.11% | new |
Sold out in Q2 2025 5
13F filings list US-listed long positions (stocks and ADRs) at the quarter's end: no shorts, cash, bonds or foreign shares; options and principal amounts are left out here. Trades made after the quarter ended don't show until the next filing. Changes compare share counts with the quarter before (splits can show as adds). Not investment advice.