13F portfolio / Opportunistic, distressed and equities
Appaloosa
David Tepper (founder)
Appaloosa was founded by David Tepper in 1993 and became known for opportunistic investments in distressed debt and equities. In recent years it has primarily managed Mr. Tepper’s own capital.
Mr. Tepper also owns the NFL’s Carolina Panthers.
- Reported 13F value
- $7.5B
- Positions
- 25
- Est. 1-yearEstimate
- +28.5%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +39.4%SPY +22.8%
As of Jun 30, 2026 · filed Aug 14, 2026
Holdings
6 new · 11 added · 5 trimmed · 3 unchanged · 12 sold out
| 1 | AMZN on Yahoo Finance (opens in a new tab) | Amazon Com IncCOM | 16.0% | $1.2B | 5,000,000 | Added +15.7% | $189.45* | $249.20 | +31.5% |
| 2 | MU on Yahoo Finance (opens in a new tab) | Micron Technology IncCOM | 15.1% | $1.1B | 975,000 | Trimmed -41.4% | $201.45* | $893.53 | +343.6% |
| 3 | TSM on Yahoo Finance (opens in a new tab) | Taiwan Semiconductor ManufacSPONSORED ADS | 10.5% | $788M | 1,650,000 | Added +24.3% | $235.88* | $413.04 | +75.1% |
| 4 | GOOG on Yahoo Finance (opens in a new tab) | Alphabet IncCAP STK CL C | 8.7% | $654M | 1,850,000 | Added +6.8% | $182.09* | $337.82 | +85.5% |
| 5 | UBER on Yahoo Finance (opens in a new tab) | Uber Technologies IncCOM | 7.4% | $555M | 7,694,071 | Added +21.5% | $72.66* | $69.99 | -3.7% |
| 6 | EWY on Yahoo Finance (opens in a new tab) | iShares IncMSCI STH KOR ETF | 6.6% | $490M | 2,425,000 | Added +1.0% | $98.30 | $151.98 | +54.6% |
| 7 | META on Yahoo Finance (opens in a new tab) | Meta Platforms IncCL A | 5.1% | $380M | 675,000 | Added +54.6% | $514.59* | $706.95 | +37.4% |
| 8 | VST on Yahoo Finance (opens in a new tab) | Vistra CorpCOM | 4.7% | $351M | 2,215,272 | Added +9.5% | $139.67 | $153.35 | +9.8% |
| 9 | NVDA on Yahoo Finance (opens in a new tab) | Nvidia CorporationCOM | 4.1% | $305M | 1,525,000 | Added +3.6% | $123.62* | $215.30 | +74.2% |
| 10 | NRG on Yahoo Finance (opens in a new tab) | NRG Energy IncCOM NEW | 3.4% | $257M | 1,760,000 | Added +1.5% | $89.63 | $103.59 | +15.6% |
| 11 | BABA on Yahoo Finance (opens in a new tab) | Alibaba Group Hldg LtdSPONSORED ADS | 2.6% | $192M | 2,000,000 | Trimmed -42.3% | $77.21* | $109.74 | +42.1% |
| 12 | BA on Yahoo Finance (opens in a new tab) | Boeing CoCOM | 2.3% | $173M | 800,000 | New | $222.48 | $187.86 | -15.6% |
| 13 | LRCX on Yahoo Finance (opens in a new tab) | Lam Research CorpCOM NEW | 2.2% | $166M | 382,500 | Unchanged | $85.13 | $266.99 | +213.6% |
| 14 | BIDU on Yahoo Finance (opens in a new tab) | Baidu IncSPON ADR REP A | 2.0% | $148M | 1,295,000 | Added +87.1% | $118.09* | $80.86 | -31.5% |
| 15 | AAL on Yahoo Finance (opens in a new tab) | American Airlines Group IncCOM | 1.8% | $136M | 7,500,000 | New | $13.38 | $11.94 | -10.8% |
| 16 | AMD on Yahoo Finance (opens in a new tab) | Advanced Micro Devices IncCOM | 1.5% | $115M | 197,500 | Trimmed -10.8% | $161.38 | $534.28 | +231.1% |
| 17 | CRWV on Yahoo Finance (opens in a new tab) | Coreweave IncCOM CL A | 1.4% | $107M | 1,078,248 | New | $107.95 | $61.37 | -43.1% |
| 18 | ASML on Yahoo Finance (opens in a new tab) | ASML Hldg NVN Y REGISTRY SHS | 1.3% | $99M | 50,000 | Added +1.0% | $676.47* | $1658.81 | +145.2% |
| 19 | AVGO on Yahoo Finance (opens in a new tab) | Broadcom IncCOM | 0.8% | $57M | 150,000 | New | $399.66 | $332.05 | -16.9% |
| 20 | QCOM on Yahoo Finance (opens in a new tab) | Qualcomm IncCOM | 0.6% | $46M | 250,000 | Trimmed -49.9% | $140.55* | $173.32 | +23.3% |
| 21 | SPCX on Yahoo Finance (opens in a new tab) | Space Exploration Techn CorpCLASS A COM STK | 0.5% | $38M | 225,000 | New | $170.68 | $144.89 | -15.1% |
| 22 | ET on Yahoo Finance (opens in a new tab) | Energy Transfer L PCOM UT LTD PTN | 0.4% | $30M | 1,576,125 | Unchanged | $10.99* | $20.25 | +84.3% |
| 23 | MPLX on Yahoo Finance (opens in a new tab) | Mplx LPCOM UNIT REP LTD | 0.4% | $28M | 502,460 | Unchanged | $31.34* | $57.85 | +84.6% |
| 24 | WHR on Yahoo Finance (opens in a new tab) | Whirlpool CorpCOM | 0.4% | $28M | 715,000 | Trimmed -63.3% | $88.38 | $27.93 | -68.4% |
| 25 | GT on Yahoo Finance (opens in a new tab) | Goodyear Tire & Rubr CoCOM | 0.1% | $10M | 1,508,591 | New | $6.43 | $4.28 | -33.4% |
Sold out since Q1 2026
- SNDK on Yahoo Finance (opens in a new tab)Sandisk Corp$179M at Q1 2026
- GLW on Yahoo Finance (opens in a new tab)Corning Inc$154M at Q1 2026
- PDD on Yahoo Finance (opens in a new tab)PDD Holdings Inc$92M at Q1 2026
- LHX on Yahoo Finance (opens in a new tab)L3harris Technologies Inc$68M at Q1 2026
- RTX on Yahoo Finance (opens in a new tab)RTX Corporation$66M at Q1 2026
- BALL on Yahoo Finance (opens in a new tab)Ball Corp$49M at Q1 2026
- JD on Yahoo Finance (opens in a new tab)Jd.Com Inc$39M at Q1 2026
- LYFT on Yahoo Finance (opens in a new tab)Lyft Inc$36M at Q1 2026
- MSFT on Yahoo Finance (opens in a new tab)Microsoft Corp$33M at Q1 2026
- KWEB on Yahoo Finance (opens in a new tab)Kraneshares Trust$31M at Q1 2026
- UNH on Yahoo Finance (opens in a new tab)Unitedhealth Group Inc$24M at Q1 2026
- DB on Yahoo Finance (opens in a new tab)Deutsche Bk AG$8M at Q1 2026
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 1. Of 0 with six months of history, — beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0001656456-26-000003, compared with the Q1 2026 report. 2 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.