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David Tepper
Appaloosa Management
Founder of Appaloosa, known for distressed debt and opportunistic equity positions with outsized bets on recoveries.
Appaloosa Management reported 25 positions worth $7.47B in U.S.-listed equities as of Q2 2026. It opened 6 new positions that quarter. It exited 12 positions. The largest holding is Amazon Com Inc (AMZN), at 16.0% of the portfolio. The biggest new position was Boeing Co (BA), at $173.18M. The ten largest holdings account for 82% of the total.
Photo: Appaloosa Management / Wikimedia Commons (CC BY-SA 3.0)
- Portfolio value
- $7.47B
- Positions
- 25
- Dividends (est.)
- $42.8M
- Estimated over 4 quarters, to Q2 2026
Positions as of Q2 2026, per the 13F filed on Aug 14, 2026. Current positions may differ.
What changed last quarter
Positions opened, added to, trimmed or closed in the Q2 2026 filing.
- $1.23B
- $1.82B
- $592.94M
- Took money out of stocks
A 13F does not report cash. It covers only U.S.-listed securities — cash, bonds, foreign stocks and private holdings are invisible in it, which is why Berkshire’s cash pile appears in its 10-Q and not here. What the filing does show is direction: selling more than buying means money left U.S. equities that quarter. Where it went — cash, fixed income, other markets — the form does not say.
Composition
Positions (25)
Estimated across every position in each quarter, so a single stock can be compared against the whole. Same caveat as elsewhere: a 13F reports the share count on the last day of the quarter, while dividends are paid throughout it.
Analysis
Articles on this site that cover David Tepper.
- Micron (MU): revenue up 3.6 times to $133 billion, a $1.16 trillion stock, and funds and executives selling as it rosePublished Oct 12, 2026
- Uber (UBER): a bid for Delivery Hero, €4.5 billion of bonds, and the CEO buying $10 million of stockPublished Oct 11, 2026
- SpaceX (SPCX) four months after its IPO: $86 billion raised, Cursor bought with stock, and who held it in JunePublished Oct 11, 2026
- AMD near $1 trillion: data-center revenue doubled, a stock that tripled since March, and $8.2 billion paid in sharesPublished Oct 11, 2026
- Broadcom (AVGO): from a $15 IPO to a $1.7 trillion company built on deals and AI chipsPublished Oct 11, 2026
- Microsoft (MSFT): Azure is now its biggest business, and OpenAI is in the numbersPublished Oct 11, 2026
- Meta Platforms (META): advertising pays for an AI build-out that is now eating the cash flowPublished Oct 11, 2026