Appaloosa 13F: Q2 2026 Portfolio — $7.73B Across 27 Positions

Appaloosa · David Tepper · Q2 2026

High-conviction concentration into mega-cap tech and semiconductors, offset by meaningful cuts to MU and BABA

Reported value

$7.73B

Filed 2026-08-14

Positions

Quarter ended 2026-06-30

Top 10 weight

78.9%

New8Added11Trimmed5Exited12View the SEC filing

Form 13F reports long US-listed positions only, up to 45 days after quarter end. It excludes shorts, cash, and non-US holdings, so the live book can differ.

Appaloosa reported a $7.73B US-listed portfolio in its Q2 2026 Form 13F, filed with the SEC on 2026-08-14 for the quarter ended 2026-06-30. The book holds 27 positions, led by Amazon at 15.4% of reported value; the top three together account for 40%. Against the Q1 2026 filing, the manager opened 8 new positions, added to 11, trimmed 5, and exited 12.

Top 12 holdings

Portfolio allocation

AmazonAMZN15.4%
Micron TechnologyMU14.6%
Taiwan Semiconductor ManufacTSM10.2%
AlphabetGOOG8.5%
Uber TechnologiesUBER7.2%
iShares MSCI South Korea ETFEWY6.3%
Meta PlatformsMETA4.9%
VistraVST4.5%
NvidiaNVDA4.0%
Nrg EnergyNRG3.3%
Other holdings21.1%

Share of reported 13F value

#	Holding	Action	Weight	Value	Shares vs prior quarter
1	AmazonAMZN	Added	15.4%	$1.19B	+15.7%
2	Micron TechnologyMU	Trimmed	14.6%	$1.13B	-41.4%
3	Taiwan Semiconductor ManufacTSM	Added	10.2%	$788M	+24.3%
4	AlphabetGOOG	Added	8.5%	$654M	+6.8%
5	Uber TechnologiesUBER	Added	7.2%	$555M	+21.5%
6	iShares MSCI South Korea ETFEWY	Added	6.3%	$490M	+1.0%
7	Meta PlatformsMETA	Added	4.9%	$380M	+54.6%
8	VistraVST	Added	4.5%	$351M	+9.5%
9	NvidiaNVDA	Added	4.0%	$305M	+3.6%
10	Nrg EnergyNRG	Added	3.3%	$257M	+1.5%
11	Apple (PUT)	New	3.1%	$242M	New
12	Alibaba Group HldgBABA	Trimmed	2.5%	$192M	-42.3%
	Other holdings		15.5%	$1.19B

Values and share counts as reported for 2026-06-30; weights are share of reported 13F value.

Actions compare share counts against the prior quarter's filing, so they do not move with price.

New positions and exits

New positions

Apple (PUT)$242M
Boeing$173M
American Airlines Group$136M
Coreweave$107M
Broadcom$56.7M
Space Exploration Techn$38.4M
Berkshire Hathaway (PUT)$12.5M
Goodyear Tire & Rubr$9.96M

Closed out

Read on the quarter

What the moves add up to

The quarter reinforced a heavily concentrated posture, with the top 10 positions at 78.9% of the portfolio across just 27 holdings. New and added exposure was led by Amazon (15.43% weight, share count up 15.7%), Micron Technology saw a reduction (14.57% weight, share count down 41.4%), and adds to Taiwan Semiconductor Manufac (10.2% weight, share count up 24.3%) and Alphabet (8.46% weight, share count up 6.8%) further tilted the book toward large-scale technology and semiconductor infrastructure.

Within that theme, several additions strengthened the portfolio’s tilt to platform and AI-adjacent names: Uber Technologies (7.19% weight, share count up 21.5%), Meta Platforms (4.92% weight, share count up 54.6%), and Nvidia (3.95% weight, share count up 3.6%). At the same time, trimming activity included Micron Technology and Alibaba Group Hldg (2.48% weight, share count down 42.3%), while the filing also shows 8 new positions—most notably “Apple (PUT)”—and 12 exits such as Sandisk, Corning, and Microsoft.

Context

How to read this filing

A Form 13F is a quarterly snapshot institutional managers with over $100M in US-listed assets must file within 45 days of quarter end. It shows long equity positions only: no short book, no cash, no non-US listings, no timing inside the quarter. Treat it as a delayed map of where the manager's conviction sat on the reporting date — not a live portfolio, and not a buy list.

Positions may have changed since the reporting date. Weight changes also reflect price moves, not only buying or selling — the action tags on this page are derived from share counts, which do not move with price.