Appaloosa David Tepper
Holdings as of the end of Q4 2025, reported in its 13F filing on Feb 17, 2026; changes vs Q3 2025. Source
Reported value
$6.9B
at quarter-end prices
Positions
38
top 10 are 60% of it
Bought · Q4 2025
8
2 new, 6 added 20%+
Sold · Q4 2025
20
9 sold out, 11 cut 20%+
Holdings 38
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q3 2025 |
|---|---|---|---|---|---|---|
| 1 | BABA | ALIBABA GROUP HLDG LTD | 5,137,931 | $753.1M | 11.0% | -20% |
| 2 | GOOG | ALPHABET INC | 1,786,931 | $560.7M | 8.2% | +29% |
| 3 | AMZN | AMAZON COM INC | 2,179,391 | $503M | 7.3% | -13% |
| 4 | MU | MICRON TECHNOLOGY INC | 1,500,000 | $428.1M | 6.2% | +200% |
| 5 | META | META PLATFORMS INC | 600,000 | $396.1M | 5.8% | +62% |
| 6 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 1,130,000 | $343.4M | 5.0% | +7% |
| 7 | NVDA | NVIDIA CORPORATION | 1,700,000 | $317.1M | 4.6% | -11% |
| 8 | WHR | WHIRLPOOL CORP | 3,910,000 | $282.1M | 4.1% | -29% |
| 9 | NRG | NRG ENERGY INC | 1,640,000 | $261.2M | 3.8% | -12% |
| 10 | MSFT | MICROSOFT CORP | 500,000 | $241.8M | 3.5% | +8% |
| 11 | AAL | AMERICAN AIRLS GROUP INC | 14,150,000 | $216.9M | 3.2% | +53% |
| 12 | PDD | PDD HOLDINGS INC | 1,775,000 | $201.3M | 2.9% | -1% |
| 13 | QCOM | QUALCOMM INC | 1,145,000 | $195.9M | 2.9% | -8% |
| 14 | EWY | ISHARES INC | 1,875,000 | $182.3M | 2.7% | new |
| 15 | KWEB | KRANESHARES TRUST | 4,750,000 | $161.7M | 2.4% | -36% |
| 16 | VST | VISTRA CORP | 945,000 | $152.5M | 2.2% | -24% |
| 17 | UBER | UBER TECHNOLOGIES INC | 1,850,000 | $151.2M | 2.2% | -23% |
| 18 | GLW | CORNING INC | 1,570,200 | $137.5M | 2.0% | -3% |
| 19 | — | DEUTSCHE BANK A G | 3,150,000 | $121.5M | 1.8% | -17% |
| 20 | JD | JD.COM INC | 4,157,046 | $119.3M | 1.7% | -33% |
| 21 | OC | OWENS CORNING NEW | 950,000 | $106.3M | 1.6% | +488% |
| 22 | RTX | RTX CORPORATION | 500,000 | $91.7M | 1.3% | -2% |
| 23 | LHX | L3HARRIS TECHNOLOGIES INC | 295,000 | $86.6M | 1.3% | -2% |
| 24 | BIDU | BAIDU INC | 575,000 | $75.1M | 1.1% | -45% |
| 25 | MHK | MOHAWK INDS INC | 675,000 | $73.8M | 1.1% | +318% |
| 26 | LYFT | LYFT INC | 3,800,000 | $73.6M | 1.1% | -32% |
| 27 | LRCX | LAM RESEARCH CORP | 425,000 | $72.8M | 1.1% | +15% |
| 28 | AMD | ADVANCED MICRO DEVICES INC | 325,000 | $69.6M | 1.0% | -66% |
| 29 | — | ASML HOLDING N V | 62,500 | $66.9M | 0.98% | -2% |
| 30 | UNH | UNITEDHEALTH GROUP INC | 200,000 | $66M | 0.96% | -2% |
| 31 | BALL | BALL CORP | 1,200,000 | $63.6M | 0.93% | new |
| 32 | IQV | IQVIA HLDGS INC | 280,000 | $63.1M | 0.92% | -2% |
| 33 | UAL | UNITED AIRLS HLDGS INC | 465,000 | $52M | 0.76% | +1% |
| 34 | FXI | ISHARES TR | 1,087,500 | $41.6M | 0.61% | -2% |
| 35 | ET | ENERGY TRANSFER L P | 2,191,250 | $36.1M | 0.53% | -56% |
| 36 | MPLX | MPLX LP | 627,500 | $33.5M | 0.49% | +17% |
| 37 | DAL | DELTA AIR LINES INC DEL | 475,000 | $33M | 0.48% | +3% |
| 38 | GT | GOODYEAR TIRE & RUBR CO | 2,500,000 | $21.9M | 0.32% | -51% |
Sold out in Q4 2025 9
| Stock | Company | Shares held in Q3 2025 | Value then | Of portfolio then |
|---|---|---|---|---|
| FISV | FISERV INC | 925,000 | $119.3M | 1.6% |
| TFC | TRUIST FINL CORP | 1,387,500 | $63.4M | 0.86% |
| CZR | CAESARS ENTERTAINMENT INC NE | 2,100,000 | $56.8M | 0.77% |
| KEY | KEYCORP | 2,020,000 | $37.8M | 0.51% |
| CFG | CITIZENS FINL GROUP INC | 600,000 | $31.9M | 0.43% |
| CMA | COMERICA INC | 462,500 | $31.7M | 0.43% |
| XYZ | BLOCK INC | 370,000 | $26.7M | 0.36% |
| WAL | WESTERN ALLIANCE BANCORP | 195,000 | $16.9M | 0.23% |
| ZION | ZIONS BANCORPORATION N A | 285,000 | $16.1M | 0.22% |
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.