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Overview/ Appaloosa LP/ Q4 2025

Appaloosa LP

David Tepper · As of Q4 2025 · filed Feb 17, 2026

Q4 2025

Holdings

39 positions · Δ vs prior quarter
BABA ALIBABA GROUP HOLDING-SP ADR
$753.1M
10.9%
5,137,931 −1,312,069 −20.3% Reduced
GOOG ALPHABET INC-CL C
$560.7M
8.1%
1,786,931 +399,431 +28.8% Added
AMZN AMAZON.COM INC
$503.0M
7.3%
2,179,391 −320,609 −12.8% Reduced
MU MICRON TECHNOLOGY INC
$428.1M
6.2%
1,500,000 +1,000,000 +200.0% Added
META META PLATFORMS INC-CLASS A
$396.1M
5.7%
600,000 +230,000 +62.2% Added
TSM TAIWAN SEMICONDUCTOR-SP ADR
$343.4M
5.0%
1,130,000 +70,000 +6.6% Added
NVDA NVIDIA CORP
$317.1M
4.6%
1,700,000 −200,000 −10.5% Reduced
WHR WHIRLPOOL CORP
$282.1M
4.1%
3,910,000 −1,590,000 −28.9% Reduced
NRG NRG ENERGY INC
$261.2M
3.8%
1,640,000 −230,000 −12.3% Reduced
MSFT MICROSOFT CORP
$241.8M
3.5%
500,000 +37,500 +8.1% Added
AAL AMERICAN AIRLINES GROUP INC
$216.9M
3.1%
14,150,000 +4,900,000 +53.0% Added
PDD PDD HOLDINGS INC
$201.3M
2.9%
1,775,000 −25,000 −1.4% Reduced
QCOM QUALCOMM INC
$195.9M
2.8%
1,145,000 −100,000 −8.0% Reduced
EWY ISHARES MSCI SOUTH KOREA ETF
$182.3M
2.6%
1,875,000 +1,875,000 New
KWEB KRANESH CSI CHINA INTERNET
$161.7M
2.3%
4,750,000 −2,650,000 −35.8% Reduced
VST VISTRA CORP
$152.5M
2.2%
945,000 −300,000 −24.1% Reduced
UBER UBER TECHNOLOGIES INC
$151.2M
2.2%
1,850,000 −556,983 −23.1% Reduced
GLW CORNING INC
$137.5M
2.0%
1,570,200 −54,800 −3.4% Reduced
DB DEUTSCHE BANK AG-REGISTERED
$121.5M
1.8%
3,150,000 −640,000 −16.9% Reduced
JD JD.COM INC-ADR
$119.3M
1.7%
4,157,046 −2,067,954 −33.2% Reduced
OC OWENS CORNING
$106.3M
1.5%
950,000 +788,500 +488.2% Added
RTX RTX CORP
$91.7M
1.3%
500,000 −9,500 −1.9% Reduced
LHX L3HARRIS TECHNOLOGIES INC
$86.6M
1.3%
295,000 −5,000 −1.7% Reduced
BIDU BAIDU INC - SPON ADR
$75.1M
1.1%
575,000 −470,000 −45.0% Reduced
MHK MOHAWK INDUSTRIES INC
$73.8M
1.1%
675,000 +513,500 +318.0% Added
LYFT LYFT INC-A
$73.6M
1.1%
3,800,000 −1,800,000 −32.1% Reduced
LRCX LAM RESEARCH CORP
$72.8M
1.1%
425,000 +55,000 +14.9% Added
MU CALL MICRON TECHNOLOGY INC
$71.4M
1.0%
250,000 +250,000 New
AMD ADVANCED MICRO DEVICES
$69.6M
1.0%
325,000 −625,000 −65.8% Reduced
ASML ASML HOLDING NV-NY REG SHS
$66.9M
1.0%
62,500 −1,500 −2.3% Reduced
UNH UNITEDHEALTH GROUP INC
$66.0M
1.0%
200,000 −3,500 −1.7% Reduced
BALL BALL CORP
$63.6M
0.9%
1,200,000 +1,200,000 New
IQV IQVIA HOLDINGS INC
$63.1M
0.9%
280,000 −5,000 −1.8% Reduced
UAL UNITED AIRLINES HOLDINGS INC
$52.0M
0.8%
465,000 +2,500 +0.5% Added
FXI ISHARES CHINA LARGE-CAP ETF
$41.6M
0.6%
1,087,500 −22,500 −2.0% Reduced
ET ENERGY TRANSFER LP
$36.1M
0.5%
2,191,250 −2,765,985 −55.8% Reduced
MPLX MPLX LP
$33.5M
0.5%
627,500 +92,500 +17.3% Added
DAL DELTA AIR LINES INC
$33.0M
0.5%
475,000 +12,500 +2.7% Added
GT GOODYEAR TIRE & RUBBER CO
$21.9M
0.3%
2,500,000 −2,640,000 −51.4% Reduced

Sold positions

9 closed in Q4 2025 · shares & value as of prior filing
Holding Shares sold Prior value
FISV FISERV INC
925,000 $119.3M
TFC TRUIST FINANCIAL CORP
1,387,500 $63.4M
CZR CAESARS ENTERTAINMENT INC
2,100,000 $56.8M
KEY KEYCORP
2,020,000 $37.8M
CFG CITIZENS FINANCIAL GROUP
600,000 $31.9M
CMA COMERICA INC
462,500 $31.7M
XYZ BLOCK INC
370,000 $26.7M
WAL WESTERN ALLIANCE BANCORP
195,000 $16.9M
ZION ZIONS BANCORP NA
285,000 $16.1M

Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.