Appaloosa LP
The positions Appaloosa LP reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
Reported book is the quarter-end market value of the securities on the 13F, mostly US-listed long equity. It is not the manager’s assets under management: shorts, cash, leverage and most non-US or private holdings sit outside it.
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
- Apple Inc (AAPL)puts$242m · 3.1%
- Boeing Co (BA)$173m · 2.2%
- American Airlines Group Inc (AAL)$136m · 1.8%
- Coreweave Inc (CRWV)Common Class A$107m · 1.4%
- Broadcom Inc (AVGO)$57m · 0.7%
- Space Exploration Techn Corp (SPCX)Class A Common Stock$38m · 0.5%
- Berkshire Hathaway Inc Del (BRK-B)Class B New · puts$13m · 0.2%
- Goodyear Tire & Rubr Co (GT)$10m · 0.1%
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
- SanDisk Corp (SNDK)$179m held before
- Corning Inc (GLW)$154m held before
- PDD Holdings Inc (PDD)$92m held before
- L3harris Technologies Inc (LHX)$68m held before
- RTX Corporation (RTX)$66m held before
- Ball Corp (BALL)$50m held before
- Jd.com Inc (JD)$39m held before
- Lyft Inc (LYFT)$36m held before
- Microsoft Corp (MSFT)$33m held before
- Kraneshares Trust (KWEB)$31m held before
- Unitedhealth Group Inc (UNH)$24m held before
- Deutsche BK AG (DB)$7.7m held before
Every reported position, Q2 2026
27 positions, sorted by weight
| Position | Weight ↓ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Amazon Com Inc (AMZN) CUSIP 023135106 | 15% | $1.2bn | 5,000,000 | +$292m +680,000 shares | Added |
| Micron Technology Inc (MU) CUSIP 595112103 | 15% | $1.1bn | 975,000 | +$563m -690,000 shares | Trimmed |
| Taiwan Semiconductor Manufac (TSM) Sponsored ADS · CUSIP 874039100 | 10% | $788m | 1,650,000 | +$339m +322,500 shares | Added |
| Alphabet Inc (GOOG) Capital Stock Class C · CUSIP 02079K107 | 8.5% | $654m | 1,850,000 | +$157m +117,300 shares | Added |
| Uber Technologies Inc (UBER) CUSIP 90353T100 | 7.2% | $555m | 7,694,071 | +$100m +1,361,351 shares | Added |
| iShares MSCI South Korea ETF (EWY) CUSIP 464286772 | 6.3% | $490m | 2,425,000 | +$194m +25,000 shares | Added |
| Meta Platforms Inc (META) Class A · CUSIP 30303M102 | 4.9% | $380m | 675,000 | +$131m +238,500 shares | Added |
| Vistra Corp (VST) CUSIP 92840M102 | 4.5% | $351m | 2,215,272 | +$47m +192,940 shares | Added |
| Nvidia Corporation (NVDA) CUSIP 67066G104 | 3.9% | $305m | 1,525,000 | +$49m +53,500 shares | Added |
| NRG Energy Inc (NRG) CUSIP 629377508 | 3.3% | $257m | 1,760,000 | +$3.6m +25,558 shares | Added |
| Apple Inc (AAPL) puts · CUSIP 037833100 | 3.1% | $242m | 835,000 | No earlier filing | New |
| Alibaba Group HLDG LTD (BABA) Sponsored ADS · CUSIP 01609W102 | 2.5% | $192m | 2,000,000 | -$243m -1,465,000 shares | Trimmed |
| Boeing Co (BA) CUSIP 097023105 | 2.2% | $173m | 800,000 | No earlier filing | New |
| Lam Research Corp (LRCX) CUSIP 512807306 | 2.1% | $166m | 382,500 | +$84m 0 shares | Held |
| Baidu Inc (BIDU) Sponsored ADR REP A · CUSIP 056752108 | 1.9% | $148m | 1,295,000 | +$71m +602,900 shares | Added |
| American Airlines Group Inc (AAL) CUSIP 02376R102 | 1.8% | $136m | 7,500,000 | No earlier filing | New |
| Advanced Micro Devices Inc (AMD) CUSIP 007903107 | 1.5% | $115m | 197,500 | +$70m -23,900 shares | Trimmed |
| Coreweave Inc (CRWV) Common Class A · CUSIP 21873S108 | 1.4% | $107m | 1,078,248 | No earlier filing | New |
| Asml HLDG NV (ASML) N Y Registry Shares · CUSIP N07059210 | 1.3% | $100m | 50,000 | +$34m +500 shares | Added |
| Broadcom Inc (AVGO) CUSIP 11135F101 | 0.7% | $57m | 150,000 | No earlier filing | New |
| Qualcomm Inc (QCOM) CUSIP 747525103 | 0.6% | $46m | 250,000 | -$18m -248,613 shares | Trimmed |
| Space Exploration Techn Corp (SPCX) Class A Common Stock · CUSIP 84615Q103 | 0.5% | $38m | 225,000 | No earlier filing | New |
| Energy Transfer L P (ET) Common UT LTD PTN · CUSIP 29273V100 | 0.4% | $30m | 1,576,125 | -$300k 0 shares | Held |
| Mplx LP (MPLX) Common Unit REP LTD · CUSIP 55336V100 | 0.4% | $28m | 502,460 | -$400k 0 shares | Held |
| Whirlpool Corp (WHR) CUSIP 963320106 | 0.4% | $28m | 715,000 | -$77m -1,235,000 shares | Trimmed |
| Berkshire Hathaway Inc Del (BRK-B) Class B New · puts · CUSIP 084670702 | 0.2% | $13m | 25,000 | No earlier filing | New |
| Goodyear Tire & Rubr Co (GT) CUSIP 382550101 | 0.1% | $10m | 1,508,591 | No earlier filing | New |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 14 Aug 2026 | $7.7bn | 27 | 79% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $5.9bn | 31 | 74% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 17 Feb 2026 | $6.9bn | 39 | 59% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 13 Nov 2025 | $7.4bn | 45 | 58% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $6.4bn | 38 | 65% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $8.4bn | 38 | 77% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 10 Feb 2025 | $6.5bn | 37 | 67% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $6.7bn | 38 | 65% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
You have read the book. Now have a view on one name
Pick a position, work out what it is worth, and be ready to defend it. That is the difference between a candidate who read the filing and one who did something with it.
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