Great investors · David Tepper · Q4 2024
What David Tepper bought and sold in Q4 2024
Appaloosa 13F portfolio as of Dec 31, 2024: 37 positions worth $6.5 bn. Largest: BABA, AMZN, PDD, MSFT. Filed with the SEC on Feb 10, 2025.
The 13F is filed by Appaloosa, not by David Tepper personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q4 2024
- IncreasedVistra OperationsVST+2.9 pp
- IncreasedAlibaba Group HoldingBABA+2.3 pp
- IncreasedJD.comJD+1.6 pp
- IncreasedNRG EnergyNRG+1.1 pp
- NewCorningGLW+1.1 pp
- IncreasedASML HoldingASML+0.8 pp
Sells in Q4 2024
- ReducedAmazon.comAMZN−2.0 pp
- Sold outAdobeADBE−1.5 pp
- ReducedLam ResearchLRCX−1.2 pp
- ReducedMeta PlatformsMETA−1.2 pp
- ReducedEQTEQT−0.7 pp
- ReducedEnergy TransferET−0.6 pp
12 companies with material moves, out of 31 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Appaloosa's Q4 2024 13F lists 37 lines of US-listed securities worth $6.5 bn; the largest is BABA at 15.5% of the portfolio. It was accepted by the SEC on Feb 10, 2025 at 9:40 AM ET.
Against the previous quarter, it opened 1 position (GLW), closed 1 (ADBE), added to 16 (VST, BABA, JD and NRG and 12 more) and trimmed 13 (AMZN, LRCX, META and ET and 9 more). 7 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding BABA | 11.8 M | $1.0 bn | 15.5% | +18% |
| 2 | Amazon.com AMZN | 2.6 M | $570M | 8.82% | −19% |
| 3 | PDD Holdings PDD | 5.4 M | $519M | 8.04% | +1% |
| 4 | Microsoft MSFT | 970,000 | $409M | 6.33% | no change |
| 5 | Vistra Operations VST | 2.7 M | $372M | 5.76% | +113% |
| 6 | JD.com JD | 10.5 M | $363M | 5.61% | +43% |
| 7 | Alphabet GOOG | 1.9 M | $358M | 5.54% | no change |
| 8 | Meta Platforms META | 490,000 | $287M | 4.44% | −22% |
| 9 | Oracle ORCL | 1.4 M | $233M | 3.61% | −11% |
| 10 | iShares China Large-cap ETF FXI | 6.6 M | $202M | 3.13% | +14% |
| 11 | Lyft LYFT | 13.5 M | $174M | 2.69% | −14% |
| 12 | NRG Energy NRG | 1.8 M | $164M | 2.53% | +82% |
| 13 | Advanced Micro Devices AMD | 1.2 M | $145M | 2.24% | +5.7% |
| 14 | Kranesh CSI China Internet ETF KWEB | 4.6 M | $134M | 2.07% | +22% |
| 15 | Baidu BIDU | 1.5 M | $129M | 1.99% | +7.2% |
| 16 | Qualcomm QCOM | 800,000 | $123M | 1.90% | no change |
| 17 | ASML Holding ASML | 160,000 | $111M | 1.72% | +106% |
| 18 | Micron Technology MU | 1.2 M | $101M | 1.56% | +14% |
| 19 | FedEx FDX | 350,000 | $98.5M | 1.52% | −6.7% |
| 20 | Energy Transfer ET | 4.9 M | $96.3M | 1.49% | −28% |
| 21 | NVIDIA NVDA | 680,001 | $91.3M | 1.41% | +8.8% |
| 22 | UBER Technologies UBER | 1.5 M | $90.5M | 1.40% | +6.4% |
| 23 | Lam Research LRCX | 1.3 M | $90.3M | 1.40% | −88% |
| 24 | UnitedHealth Group UNH | 174,500 | $88.3M | 1.37% | no change |
| 25 | Caesars Entertainment CZR | 2.2 M | $73.5M | 1.14% | +2.3% |
| 26 | Corning GLW | 1.5 M | $71.3M | 1.10% | new |
| 27 | Taiwan Semiconductor Manufacturing TSM | 250,000 | $49.4M | 0.76% | −38% |
| 28 | KE Holdings BEKE | 2.6 M | $47.4M | 0.73% | +18% |
| 29 | Las Vegas Sands LVS | 900,000 | $46.2M | 0.72% | −41% |
| 30 | WYNN Resorts WYNN | 500,000 | $43.1M | 0.67% | −38% |
| 31 | EQT EQT | 800,000 | $36.9M | 0.57% | −55% |
| 32 | Antero Resources AR | 840,000 | $29.4M | 0.46% | −52% |
| 33 | Expand Energy EXE | 295,000 | $29.4M | 0.45% | +79% |
| 34 | MPLX MPLX | 578,500 | $27.7M | 0.43% | no change |
| 35 | Expand Energy EXEEZ | 250,000 | $22.7M | 0.35% | no change |
| 36 | Intel INTC | 1.0 M | $20.1M | 0.31% | −60% |
| 37 | Expand Energy EXEEL | 150,000 | $12.8M | 0.20% | no change |
Positions it closed (1)
- Adobe ADBEwas 1.54% · 200,000 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Appaloosa's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.