Great investors · David Tepper · Q1 2026
What David Tepper bought and sold in Q1 2026
Appaloosa 13F portfolio as of Mar 31, 2026: 31 positions worth $5.9 bn. Largest: AMZN, MU, GOOG, UBER. Filed with the SEC on May 15, 2026.
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 Q1 2026
- IncreasedAmazon.comAMZN+6.5 pp
- IncreasedUBER TechnologiesUBER+4.7 pp
- NewSandiskSNDK+2.6 pp
- IncreasedVistra OperationsVST+2.4 pp
- IncreasedTaiwan Semiconductor ManufacturingTSM+1.0 pp
- IncreasedIsharesEWY+0.9 pp
- IncreasedMicron TechnologyMU+0.8 pp
Sells in Q1 2026
- Sold outAmerican Airlines GroupAAL−3.2 pp
- ReducedAlibaba Group HoldingBABA−3.1 pp
- ReducedMicrosoftMSFT−2.2 pp
- Sold outOwens CorningOC−1.6 pp
- ReducedWhirlpoolWHR−1.5 pp
- ReducedKranesh CSI China Internet ETFKWEB−1.5 pp
- ReducedMeta PlatformsMETA−1.4 pp
- ReducedPDD HoldingsPDD−1.3 pp
- ReducedDeutsche Bank AktiengesellschaftDB−1.3 pp
- ReducedJD.comJD−1.2 pp
- ReducedQualcommQCOM−1.2 pp
- Sold outMohawk IndustriesMHK−1.1 pp
24 companies with material moves, out of 39 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 Q1 2026 13F lists 31 lines of US-listed securities worth $5.9 bn; the largest is AMZN at 15.2% of the portfolio. It was accepted by the SEC on May 15, 2026 at 4:00 PM ET.
Against the previous quarter, it opened 1 position (SNDK), closed 8 (AAL, OC, MHK and IQV and 4 more), added to 8 (UBER, AMZN, VST and EWY and 4 more) and trimmed 22 (BABA, META, WHR and PDD and 18 more).
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Amazon.com AMZN | 4.3 M | $900M | 15.2% | +98% |
| 2 | Micron Technology MU | 1.7 M | $563M | 9.48% | +11% |
| 3 | Alphabet GOOG | 1.7 M | $497M | 8.38% | −3% |
| 4 | UBER Technologies UBER | 6.3 M | $456M | 7.68% | +242% |
| 5 | Taiwan Semiconductor Manufacturing TSM | 1.3 M | $449M | 7.56% | +17% |
| 6 | Alibaba Group Holding BABA | 3.5 M | $435M | 7.33% | −33% |
| 7 | Vistra Operations VST | 2.0 M | $304M | 5.12% | +114% |
| 8 | Ishares EWY | 2.4 M | $295M | 4.98% | +28% |
| 9 | NVIDIA NVDA | 1.5 M | $257M | 4.33% | −13% |
| 10 | NRG Energy NRG | 1.7 M | $253M | 4.27% | +5.8% |
| 11 | Meta Platforms META | 436,500 | $250M | 4.21% | −27% |
| 12 | Sandisk SNDK | 281,250 | $179M | 3.01% | new |
| 13 | Corning GLW | 1.1 M | $154M | 2.59% | −28% |
| 14 | Whirlpool WHR | 2.0 M | $105M | 1.77% | −50% |
| 15 | PDD Holdings PDD | 900,000 | $92.0M | 1.55% | −49% |
| 16 | Lam Research LRCX | 382,500 | $81.7M | 1.38% | −10% |
| 17 | Baidu BIDU | 692,100 | $77.1M | 1.30% | +20% |
| 18 | L3harris Technologies LHX | 198,000 | $68.3M | 1.15% | −33% |
| 19 | RTX RTX | 342,000 | $66.0M | 1.11% | −32% |
| 20 | ASML Holding ASML | 49,500 | $65.4M | 1.10% | −21% |
| 21 | Qualcomm QCOM | 498,613 | $64.2M | 1.08% | −56% |
| 22 | BALL BALL | 837,000 | $49.5M | 0.83% | −30% |
| 23 | Advanced Micro Devices AMD | 221,400 | $45.0M | 0.76% | −32% |
| 24 | JD.com JD | 1.3 M | $38.6M | 0.65% | −69% |
| 25 | Lyft LYFT | 2.7 M | $35.9M | 0.61% | −29% |
| 26 | Microsoft MSFT | 90,000 | $33.3M | 0.56% | −82% |
| 27 | Kranesh CSI China Internet ETF KWEB | 1.1 M | $30.7M | 0.52% | −77% |
| 28 | Energy Transfer ET | 1.6 M | $30.4M | 0.51% | −28% |
| 29 | MPLX MPLX | 502,460 | $28.7M | 0.48% | −20% |
| 30 | UnitedHealth Group UNH | 90,000 | $24.4M | 0.41% | −55% |
| 31 | Deutsche Bank Aktiengesellschaft DB | 257,616 | $7.7M | 0.13% | −92% |
Positions it closed (8)
- American Airlines Group AALwas 3.16% · 14.2 M shares
- Owens Corning OCwas 1.55% · 950,000 shares
- Mohawk Industries MHKwas 1.08% · 675,000 shares
- IQVIA Holdings IQVwas 0.92% · 280,000 shares
- United Airlines Holdings UALwas 0.76% · 465,000 shares
- Ishares Tr FXIwas 0.61% · 1.1 M shares
- Delta Air Lines DALwas 0.48% · 475,000 shares
- Goodyear Tire & Rubr GTwas 0.32% · 2.5 M 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.