What Appaloosa LP changed, 2016 to 2026
42 quarterly 13F filings, from Q1 2016 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.
Reported book
$7.7bn
$5.7bn at Q1 2016
Positions
27
49 at Q1 2016
Top ten weight
79%
59% at Q1 2016
Typical quarterly turnover
about 15%
Estimated from share changes
- Q1 2016: $5.7bn
- Q2 2016: $3.8bn
- Q3 2016: $4.4bn
- Q4 2016: $5.6bn
- Q1 2017: $6.1bn
- Q2 2017: $6.7bn
- Q3 2017: $7.1bn
- Q4 2017: $10.7bn
- Q1 2018: $9.7bn
- Q2 2018: $8.8bn
- Q3 2018: $5.7bn
- Q4 2018: $2.0bn
- Q1 2019: $3.5bn
- Q2 2019: $9.3bn
- Q3 2019: $3.4bn
- Q4 2019: $4.0bn
- Q1 2020: $3.3bn
- Q2 2020: $5.8bn
- Q3 2020: $5.7bn
- Q4 2020: $6.7bn
- Q1 2021: $7.0bn
- Q2 2021: $4.8bn
- Q3 2021: $4.2bn
- Q4 2021: $3.9bn
- Q1 2022: $2.5bn
- Q2 2022: $1.6bn
- Q3 2022: $1.4bn
- Q4 2022: $1.3bn
- Q1 2023: $1.9bn
- Q2 2023: $5.4bn
- Q3 2023: $5.1bn
- Q4 2023: $5.8bn
- Q1 2024: $6.8bn
- Q2 2024: $6.2bn
- Q3 2024: $6.7bn
- Q4 2024: $6.5bn
- Q1 2025: $8.4bn
- Q2 2025: $6.4bn
- Q3 2025: $7.4bn
- Q4 2025: $6.9bn
- Q1 2026: $5.9bn
- Q2 2026: $7.7bn
- Q1 2016: 59%
- Q2 2016: 67%
- Q3 2016: 64%
- Q4 2016: 58%
- Q1 2017: 56%
- Q2 2017: 57%
- Q3 2017: 57%
- Q4 2017: 65%
- Q1 2018: 65%
- Q2 2018: 67%
- Q3 2018: 70%
- Q4 2018: 80%
- Q1 2019: 86%
- Q2 2019: 94%
- Q3 2019: 84%
- Q4 2019: 87%
- Q1 2020: 81%
- Q2 2020: 73%
- Q3 2020: 77%
- Q4 2020: 66%
- Q1 2021: 57%
- Q2 2021: 57%
- Q3 2021: 53%
- Q4 2021: 58%
- Q1 2022: 71%
- Q2 2022: 76%
- Q3 2022: 86%
- Q4 2022: 81%
- Q1 2023: 74%
- Q2 2023: 63%
- Q3 2023: 72%
- Q4 2023: 69%
- Q1 2024: 65%
- Q2 2024: 64%
- Q3 2024: 65%
- Q4 2024: 67%
- Q1 2025: 77%
- Q2 2025: 65%
- Q3 2025: 58%
- Q4 2025: 59%
- Q1 2026: 74%
- Q2 2026: 79%
The positions that defined it
Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.
| Position | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Amazon Com Inc(AMZN) | Q1 2019 | $1.2bnQ2 2026 | $1.2bn | |
| Micron Technology Inc(MU) | Q4 2016 | $2.1bnQ2 2018 | $1.1bn | |
| Taiwan Semiconductor MFG LTD(TSM)Sponsored ADS | Q2 2023 | $788mQ2 2026 | $788m | |
| Alphabet Inc(GOOG)Capital Stock Class C | Q1 2016 | $654mQ2 2026 | $654m | |
| Uber Technologies Inc(UBER) | Q2 2021 | $555mQ2 2026 | $555m | |
| iShares MSCI South Korea ETF(EWY) | Q4 2020 | $490mQ2 2026 | $490m | |
| Facebook Inc(META)Class A | Q1 2016 | $992mQ1 2018 | $380m | |
| Vistra Energy Corp(VST) | Q4 2017 | $372mQ4 2024 | $351m | |
| Nvidia Corp(NVDA) | Q1 2018 | $446mQ3 2023 | $305m | |
| NRG Energy Inc(NRG) | Q2 2017 | $318mQ2 2025 | $257m | |
| Apple Inc(AAPL) | Q1 2025 | $278mQ1 2025 | $242m | |
| Alibaba Group HLDG LTD(BABA)Sponsored ADS | Q2 2017 | $1.2bnQ1 2025 | $192m | |
| Spdr S&P 500 Etf Trust(SPY) | Q1 2016 | $5.3bnQ2 2019 | Soldlast listed Q2 2019 | |
| SPDR Ser S&P 500 ETF(SPYX) | Q1 2025 | $2.5bnQ1 2025 | Soldlast listed Q1 2025 | |
| Invesco QQQ Trust(QQQ) | Q2 2019 | $1.5bnQ2 2019 | Soldlast listed Q2 2019 | |
| Powershares QQQ TrustUnit Series 1 | Q2 2017 | $903mQ4 2017 | Soldlast listed Q1 2018 | |
| Allergan PLC | Q1 2016 | $895mQ4 2016 | Soldlast listed Q1 2020 | |
| Apple Inc(AAPL) | Q3 2016 | $776mQ4 2017 | Soldlast listed Q2 2023 | |
| Unitedhealth Group Inc(UNH) | Q1 2017 | $764mQ2 2025 | Soldlast listed Q1 2026 | |
| Pg&e Corp(PCG) | Q4 2017 | $758mQ3 2020 | Soldlast listed Q2 2022 |
Quarter by quarter
Q1 2024: $6.8bn across 39 positions
Against Q4 2023: 7 new, 6 added to, 13 trimmed, 8 sold out, across all 39 positions.
Turnover about 25% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Alibaba Group HLDG LTD (BABA)+$477m
- Oracle Corp (ORCL)+$149m
- PDD Holdings Inc (PDD)+$131m
- Baidu Inc (BIDU)+$115m
- United Parcel Service Inc (UPS)+$11m
- Caesars Entertainment Inc Ne (CZR)+-$4.9m
Largest reductions
- Uber Technologies Inc (UBER)-$265m
- Facebook Inc (META)-$110m
- Intel Corp (INTC)-$66m
- Macys Inc (M)-$62m
- Microsoft Corp (MSFT)-$50m
- Alphabet Inc (GOOG)-$8.2m
- Advanced Micro Devices Inc (AMD)-$2.1m
- Energy Transfer Equity L P (ET)$987k
Opened
- Adobe Inc (ADBE)$177m
- iShares China Lg-capital ETF (FXI)$153m
- Jd.com Inc (JD)$100m
- Kraneshares TR (KWEB)$91m
Sold out
- Ark Etf Trust (ARKK)was $134m
- Hca Holdings Inc (HCA)was $32m
- FMC Corp (FMC)was $20m
- Whirlpool Corp (WHR)was $11m
- Mohawk Inds Inc (MHK)was $9.8m
- General MTRS Co (GM)was $9.5m
- Masco Corp (MAS)was $8.7m
- Owens Corning New (OC)was $3.7m
Largest positions, Q1 2024
The largest 25 of 39 reported positions.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Alibaba Group HLDG LTD (BABA) | $814m | 12.1% | Added |
| Amazon Com Inc (AMZN) | $690m | 10.2% | Trimmed |
| Microsoft Corp (MSFT) | $589m | 8.7% | Trimmed |
| Facebook Inc (META) | $545m | 8.1% | Trimmed |
| Nvidia Corp (NVDA) | $399m | 5.9% | Trimmed |
| Alphabet Inc (GOOG) | $316m | 4.7% | Trimmed |
| Advanced Micro Devices Inc (AMD) | $294m | 4.4% | Trimmed |
| Oracle Corp (ORCL) | $289m | 4.3% | Added |
| PDD Holdings Inc (PDD) | $244m | 3.6% | Added |
| Baidu Inc (BIDU) | $190m | 2.8% | Added |
| Adobe Inc (ADBE) | $177m | 2.6% | New |
| Fedex Corp (FDX) | $174m | 2.6% | Trimmed |
| Qualcomm Inc (QCOM) | $168m | 2.5% | Trimmed |
| Intel Corp (INTC) | $166m | 2.5% | Trimmed |
| iShares China Lg-capital ETF (FXI) | $153m | 2.3% | New |
| Micron Technology Inc (MU) | $143m | 2.1% | Held |
| Energy Transfer Equity L P (ET) | $136m | 2.0% | Trimmed |
| Lam Research Corp | $112m | 1.7% | Trimmed |
| Uber Technologies Inc (UBER) | $105m | 1.6% | Trimmed |
| Caesars Entertainment Inc Ne (CZR) | $101m | 1.5% | Added |
| Jd.com Inc (JD) | $100m | 1.5% | New |
| Unitedhealth Group Inc (UNH) | $99m | 1.5% | Held |
| Kraneshares TR (KWEB) | $91m | 1.4% | New |
| United Parcel Service Inc (UPS) | $89m | 1.3% | Added |
| Asml Holding N V (ASML) | $78m | 1.1% | Held |
The books most like this one
Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.
| Manager | Overlap | Stocks in both | Overlap over time | |
|---|---|---|---|---|
| Altimeter Capital Management LP | 34% | 10 | Compare | |
| Coatue Management LLC | 33% | 12 | Compare | |
| Tiger Global Management LLC | 33% | 9 | Compare | |
| Baupost Group LLC | 24% | 2 | Compare | |
| Polen Capital Management LLC | 23% | 11 | Compare | |
| Egerton Capital UK LLP | 23% | 5 | Compare | |
| Pershing Square Capital Management LP | 23% | 3 | Compare | |
| Maverick Capital Ltd | 21% | 11 | Compare |
The filings behind it
Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.
| Quarter | Filer | Book | Amended | Filing |
|---|---|---|---|---|
| Q2 2026 | Appaloosa LP | $7.7bn | 13F-HR | |
| Q1 2026 | Appaloosa LP | $5.9bn | 13F-HR | |
| Q4 2025 | Appaloosa LP | $6.9bn | 13F-HR | |
| Q3 2025 | Appaloosa LP | $7.4bn | 13F-HR | |
| Q2 2025 | Appaloosa LP | $6.4bn | 13F-HR | |
| Q1 2025 | Appaloosa LP | $8.4bn | 13F-HR | |
| Q4 2024 | Appaloosa LP | $6.5bn | 13F-HR | |
| Q3 2024 | Appaloosa LP | $6.7bn | 13F-HR | |
| Q2 2024 | Appaloosa LP | $6.2bn | 13F-HR | |
| Q1 2024 | Appaloosa LP | $6.8bn | 13F-HR | |
| Q4 2023 | Appaloosa LP | $5.8bn | 13F-HR | |
| Q3 2023 | Appaloosa LP | $5.1bn | 13F-HR | |
| Q2 2023 | Appaloosa LP | $5.4bn | 13F-HR | |
| Q1 2023 | Appaloosa LP | $1.9bn | 13F-HR | |
| Q4 2022 | Appaloosa LP | $1.3bn | 13F-HR | |
| Q3 2022 | Appaloosa LP | $1.4bn | 13F-HR | |
| Q2 2022 | Appaloosa LP | $1.6bn | 13F-HR | |
| Q1 2022 | Appaloosa LP | $2.5bn | 13F-HR | |
| Q4 2021 | Appaloosa LP | $3.9bn | 13F-HR | |
| Q3 2021 | Appaloosa LP | $4.2bn | 13F-HR | |
| Q2 2021 | Appaloosa LP | $4.8bn | 13F-HR | |
| Q1 2021 | Appaloosa LP | $7.0bn | 13F-HR | |
| Q4 2020 | Appaloosa LP | $6.7bn | 13F-HR | |
| Q3 2020 | Appaloosa LP | $5.7bn | 13F-HR | |
| Q2 2020 | Appaloosa LP | $5.8bn | 13F-HR | |
| Q1 2020 | Appaloosa LP | $3.3bn | 13F-HR | |
| Q4 2019 | Appaloosa LP | $4.0bn | 13F-HR | |
| Q3 2019 | Appaloosa LP | $3.4bn | 13F-HR | |
| Q2 2019 | Appaloosa LP | $9.3bn | 13F-HR | |
| Q1 2019 | Appaloosa LP | $3.5bn | 13F-HR | |
| Q4 2018 | Appaloosa LP | $2.0bn | 13F-HR | |
| Q3 2018 | Appaloosa LP | $5.7bn | 13F-HR | |
| Q2 2018 | Appaloosa LP | $8.8bn | 13F-HR | |
| Q1 2018 | Appaloosa LP | $9.7bn | 13F-HR | |
| Q4 2017 | Appaloosa LP | $10.7bn | 13F-HR | |
| Q3 2017 | Appaloosa LP | $7.1bn | 13F-HR | |
| Q2 2017 | Appaloosa LP | $6.7bn | 13F-HR | |
| Q1 2017 | Appaloosa LP | $6.1bn | 13F-HR | |
| Q4 2016 | Appaloosa LP | $5.6bn | 13F-HR | |
| Q3 2016 | Appaloosa LP | $4.4bn | 13F-HR | |
| Q2 2016 | Appaloosa LP | $3.8bn | 13F-HR | |
| Q1 2016 | Appaloosa LP | $5.7bn | 13F-HR |
Reading this record
A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.
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