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Q2 2026 holdings · 8 filings on record
David Tepper
Appaloosa is the investment firm founded by David Tepper, who remains its principal owner and leading investor. Its mandate spans stocks and credit, including high-yield bonds, loans to heavily indebted companies, government debt and securities of financially distressed businesses. That breadth allows the firm to examine different claims on a company's assets and earnings rather than looking only at its shares. Appaloosa can also engage directly with boards when it disagrees with financing or strategic decisions. Its identity combines distressed-investing experience with the flexibility to pursue opportunities elsewhere in public markets, making the equity portfolio one part of a wider approach.
On June 30, 2026, Appaloosa LP held 25 positions in US-listed stocks worth $7.5 billion. The ten largest were 81.6% of it.
Options · 2 lines
Listed as filed, as the number of shares each option is on. A put can be a bet against a stock or insurance on shares the fund holds, and the filing does not say which, so options are never added into the total above.
A 13F is a partial picture. Here is the part that is missing.
It lists long positions in US-listed stocks and options only. Not short positions, cash, ordinary bonds, anything listed only abroad, anything private, or anything bought and sold inside the quarter.
A quarterly SEC filing where large investment managers list the long positions in US-listed stocks and options they held at the end of the quarter. It is a snapshot, filed up to 45 days after that date.
Managers have 45 days after each quarter ends to file, and most of the funds we track file on the last permitted day. So the newest list still describes where the fund stood weeks ago, and the market has moved since.
How many equal-sized positions would be exactly this concentrated. Ten positions of the same size behave like 10. Ten positions where one holds most of the money behave like fewer than 2. It is 1 divided by the sum of each position’s squared share of the total.
Each line is one security as the manager filed it. Two share classes of one company, or a company’s stock and its convertible notes, are separate lines in the filing, and they stay separate here.
8 filings on record.
| Quarter ended | Reported to the SEC | Positions | Source |
|---|---|---|---|
| Jun 30, 2026 | Aug 14, 2026 | 25 | Open the SEC filing ↗ |
| Mar 31, 2026 | May 15, 2026 | 31 | Open the SEC filing ↗ |
| Dec 31, 2025 | Feb 17, 2026 | 38 | Open the SEC filing ↗ |
| Sep 30, 2025 | Nov 13, 2025 | 45 | Open the SEC filing ↗ |
| Jun 30, 2025 | Aug 14, 2025 | 38 | Open the SEC filing ↗ |
| Mar 31, 2025 | May 15, 2025 | 35 | Open the SEC filing ↗ |
| Dec 31, 2024 | Feb 10, 2025 | 37 | Open the SEC filing ↗ |
| Sep 30, 2024 | Nov 14, 2024 | 38 | Open the SEC filing ↗ |
Where a manager later amended a filing, the date shown is the amendment’s. Every filing from this fund at the SEC ↗
⚠️ Public information, sourced from SEC 13F filings. A 13F shows long US-listed positions only; it cannot show shorts, cash, ordinary bonds, foreign lines, or anything bought and sold within the quarter. Values are the manager’s own quarter-end figures, filed up to 45 days later. Not financial advice.