Appaloosa LP (Tepper) - 8-Quarter 13F Trend (2024Q2 - 2026Q1)
CIK: 0001656456 Style: macro long-biased Value unit detected: dollars
Backfill executed 2026-05-17 as part of /investing:smart-money-watch v0 scaffold. Data: SEC EDGAR 13F-HR filings. Coverage: 8 most recent filed quarters.
Portfolio value trajectory
| Quarter | Total value | # Positions | New | Exits | Filing date |
|---|---|---|---|---|---|
| 2024Q2 | $6.18B | 37 | 0 | 1 | 2024-08-14 |
| 2024Q3 | $6.73B | 38 | 4 | 3 | 2024-11-14 |
| 2024Q4 | $6.46B | 37 | 2 | 3 | 2025-02-10 |
| 2025Q1 | $8.38B | 38 | 7 | 6 | 2025-05-15 |
| 2025Q2 | $6.45B | 38 | 8 | 8 | 2025-08-14 |
| 2025Q3 | $7.38B | 45 | 10 | 3 | 2025-11-13 |
| 2025Q4 | $6.93B | 39 | 2 | 9 | 2026-02-17 |
| 2026Q1 | $5.93B | 31 | 1 | 8 | 2026-05-15 |
Persistent top-10 positions (appear in 4+ of 8 quarters)
| Issuer | Quarters held in top-10 | Peak value | Latest value |
|---|---|---|---|
| ALIBABA GROUP HLDG LTD | 8/8 | $1.22B | $434.7M |
| AMAZON COM INC | 8/8 | $899.7M | $899.7M |
| PDD HOLDINGS INC | 4/8 | $714.6M | $517.2M |
| ALPHABET INC | 8/8 | $560.7M | $497.0M |
| MICROSOFT CORP | 5/8 | $528.0M | $241.8M |
| META PLATFORMS INC | 7/8 | $471.4M | $396.1M |
| VISTRA CORP | 5/8 | $372.2M | $304.0M |
| NVIDIA CORPORATION | 4/8 | $354.5M | $256.6M |
| NRG ENERGY INC | 4/8 | $317.9M | $253.5M |
Notable additions (>$50M new positions or >20% adds in top-10)
- 2024Q2: +1603% LYFT INC (to $112.3M)
- 2024Q3: NEW VISTRA CORP @ $150.6M
- 2024Q3: NEW NRG ENERGY INC @ $91.1M
- 2024Q3: NEW LAS VEGAS SANDS CORP @ $76.9M
- 2024Q3: NEW WYNN RESORTS LTD @ $76.7M
- 2024Q3: +173% PDD HOLDINGS INC (to $714.6M)
- 2024Q3: +69% JD.COM INC (to $292.0M)
- 2024Q3: +98% LYFT INC (to $200.8M)
- 2024Q4: NEW LAM RESEARCH CORP @ $90.3M
- 2024Q4: NEW CORNING INC @ $71.3M
- 2024Q4: +113% VISTRA CORP (to $372.2M)
- 2024Q4: +82% NRG ENERGY INC (to $163.7M)
- 2024Q4: +106% ASML HOLDING N V (to $110.9M)
- 2025Q1: NEW SPDR SER TR @ $2.52B
- 2025Q1: NEW APPLE INC @ $277.7M
- 2025Q1: NEW DEUTSCHE BANK A G @ $89.4M
- 2025Q1: NEW L3HARRIS TECHNOLOGIES INC @ $62.8M
- 2025Q1: +113% UBER TECHNOLOGIES INC (to $233.2M)
- 2025Q2: NEW INTEL CORP @ $179.2M
- 2025Q2: NEW RTX CORPORATION @ $85.4M
- 2025Q2: +1300% UNITEDHEALTH GROUP INC (to $764.3M)
- 2025Q2: +483% NVIDIA CORPORATION (to $276.5M)
- 2025Q2: +280% TAIWAN SEMICONDUCTOR MFG LTD (to $232.2M)
- 2025Q2: +106% MICRON TECHNOLOGY INC (to $101.7M)
- 2025Q3: NEW ADVANCED MICRO DEVICES INC @ $153.7M
- 2025Q3: NEW FISERV INC @ $119.3M
- 2025Q3: NEW AMERICAN AIRLS GROUP INC @ $104.0M
- 2025Q3: NEW TRUIST FINL CORP @ $63.4M
- 2025Q3: +1967% WHIRLPOOL CORP (to $432.3M)
- 2025Q3: +85% KRANESHARES TRUST (to $310.9M)
Notable exits / trims (top-10 exits or >50% trim from $100M+ position)
- 2024Q3: EXIT UNITED PARCEL SERVICE INC (was $82.8M)
- 2024Q4: EXIT ADOBE INC (was $103.6M)
- 2024Q4: EXIT LAM RESEARCH CORP (was $81.6M)
- 2025Q1: EXIT ADVANCED MICRO DEVICES INC (was $144.9M)
- 2025Q1: EXIT FEDEX CORP (was $98.5M)
- 2025Q2: EXIT SPDR SER TR (was $2.52B)
- 2025Q2: EXIT APPLE INC (was $277.7M)
- 2025Q2: -54% PDD HOLDINGS INC (to $209.3M)
- 2025Q3: EXIT INTEL CORP (was $179.2M)
- 2025Q4: EXIT FISERV INC (was $119.3M)
- 2025Q4: EXIT TRUIST FINL CORP (was $63.4M)
- 2025Q4: EXIT CAESARS ENTERTAINMENT INC NE (was $56.8M)
- 2026Q1: EXIT AMERICAN AIRLS GROUP INC (was $216.9M)
- 2026Q1: EXIT OWENS CORNING NEW (was $106.3M)
- 2026Q1: EXIT MOHAWK INDS INC (was $73.8M)
- 2026Q1: EXIT IQVIA HLDGS INC (was $63.1M)
- 2026Q1: EXIT UNITED AIRLS HLDGS INC (was $52.0M)
- 2026Q1: -50% WHIRLPOOL CORP (to $105.1M)
RDCO thesis exposure (across all observed quarters)
- memory: MICRON TECHNOLOGY INC
- power: VISTRA CORP
- space: none
- longevity: none
- elon-verse: none
- ai-infra-chips: ADVANCED MICRO DEVICES INC, NVIDIA CORPORATION, TAIWAN SEMICONDUCTOR MFG LTD
- hyperscalers: ALPHABET INC, AMAZON COM INC, META PLATFORMS INC, MICROSOFT CORP
Latest quarter (2026Q1) top 10
| Rank | Issuer | Value | Shares |
|---|---|---|---|
| 1 | AMAZON COM INC | $899.7M | 4,320,000 |
| 2 | MICRON TECHNOLOGY INC | $562.5M | 1,665,000 |
| 3 | ALPHABET INC | $497.0M | 1,732,700 |
| 4 | UBER TECHNOLOGIES INC | $455.5M | 6,332,720 |
| 5 | TAIWAN SEMICONDUCTOR MANUFAC | $448.6M | 1,327,500 |
| 6 | ALIBABA GROUP HLDG LTD | $434.7M | 3,465,000 |
| 7 | VISTRA CORP | $304.0M | 2,022,332 |
| 8 | ISHARES INC | $295.2M | 2,400,000 |
| 9 | NVIDIA CORPORATION | $256.6M | 1,471,500 |
| 10 | NRG ENERGY INC | $253.5M | 1,734,442 |
Source
SEC EDGAR 13F-HR filings, CIK 0001656456. Pulled via ~/.claude/scripts/edgar-13f.py backfill 0001656456 --quarters 8 on 2026-05-17.
Related
- [[01-projects/investing/anchors/smart-money/2026-05-17-aggregate-2yr-backfill-summary.md]]
- [[.claude/skills/investing-smart-money-watch/SKILL.md]]
- [[01-projects/investing/README.md]]