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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
$7.7bn
+$1.8bn on Q1 2026
Positions
27
8 new, 12 sold out
Top ten weight
79%
Concentrated
Quarter
Q2 2026
Filed 14 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0001656456 · Value / activist · NJ
Reported book by quarter
$0$4.2bn$8.4bnQ3 24: $6.7bn$6.7bnQ3 24Q4 24: $6.5bn$6.5bnQ4 24Q1 25: $8.4bn$8.4bnQ1 25Q2 25: $6.4bn$6.4bnQ2 25Q3 25: $7.4bn$7.4bnQ3 25Q4 25: $6.9bn$6.9bnQ4 25Q1 26: $5.9bn$5.9bnQ1 26Q2 26: $7.7bn$7.7bnQ2 26
Largest positions, share of the book
Amazon Com Inc (AMZN): 15%Amazon Com Inc (AMZN)15%Micron Technology Inc (MU): 15%Micron Technology Inc (…15%Taiwan Semiconductor Manufac: 10%Taiwan Semiconductor Ma…10%Alphabet Inc: 8.5%Alphabet Inc8.5%Uber Technologies Inc (UBER): 7.2%Uber Technologies Inc (…7.2%iShares Inc: 6.3%iShares Inc6.3%Meta Platforms Inc (META): 4.9%Meta Platforms Inc (MET…4.9%Vistra Corp (VST): 4.5%Vistra Corp (VST)4.5%Nvidia Corporation (NVDA): 3.9%Nvidia Corporation (NVD…3.9%NRG Energy Inc (NRG): 3.3%NRG Energy Inc (NRG)3.3%

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)$242m · 3.1%
  • Boeing Co$173m · 2.2%
  • American Airlines Group Inc (AAL)$136m · 1.8%
  • Coreweave Inc (CRWV)$107m · 1.4%
  • Broadcom Inc (AVGO)$57m · 0.7%
  • Space Exploration Techn Corp$38m · 0.5%
  • Berkshire Hathaway Inc Del$13m · 0.2%
  • Goodyear Tire & Rubr Co$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$154m held before
  • PDD Holdings Inc (PDD)$92m held before
  • L3harris Technologies Inc$68m held before
  • RTX Corporation (RTX)$66m held before
  • Ball Corp (BALL)$50m held before
  • Jd.com Inc$39m held before
  • Lyft Inc (LYFT)$36m held before
  • Microsoft Corp (MSFT)$33m held before
  • Kraneshares Trust$31m held before
  • Unitedhealth Group Inc (UNH)$24m held before
  • Deutsche BK AG$7.7m held before

Every reported position, Q2 2026

27 positions, sorted by weight

PositionWeightValueSharesChange on the quarterAction
Goodyear Tire & Rubr Co
COM · CUSIP 382550101
0.1%$10m1,508,591No earlier filingNew
Berkshire Hathaway Inc Del
CL B NEW PUT · CUSIP 084670702
0.2%$13m25,000No earlier filingNew
Whirlpool Corp
COM · CUSIP 963320106
0.4%$28m715,000
-$77m
-1,235,000 shares
Trimmed
Mplx LP
COM UNIT REP LTD · CUSIP 55336V100
0.4%$28m502,460
-$400k
0 shares
Held
Energy Transfer L P
COM UT LTD PTN · CUSIP 29273V100
0.4%$30m1,576,125
-$300k
0 shares
Held
Space Exploration Techn Corp
CLASS A COM STK · CUSIP 84615Q103
0.5%$38m225,000No earlier filingNew
Qualcomm Inc
COM · CUSIP 747525103
0.6%$46m250,000
-$18m
-248,613 shares
Trimmed
Broadcom Inc (AVGO)
COM · CUSIP 11135F101
0.7%$57m150,000No earlier filingNew
Asml HLDG NV
N Y REGISTRY SHS · CUSIP N07059210
1.3%$100m50,000
+$34m
+500 shares
Added
Coreweave Inc (CRWV)
COM CL A · CUSIP 21873S108
1.4%$107m1,078,248No earlier filingNew
Advanced Micro Devices Inc (AMD)
COM · CUSIP 007903107
1.5%$115m197,500
+$70m
-23,900 shares
Trimmed
American Airlines Group Inc (AAL)
COM · CUSIP 02376R102
1.8%$136m7,500,000No earlier filingNew
Baidu Inc
SPON ADR REP A · CUSIP 056752108
1.9%$148m1,295,000
+$71m
+602,900 shares
Added
Lam Research Corp (LRCX)
COM NEW · CUSIP 512807306
2.1%$166m382,500
+$84m
0 shares
Held
Boeing Co
COM · CUSIP 097023105
2.2%$173m800,000No earlier filingNew
Alibaba Group HLDG LTD
SPONSORED ADS · CUSIP 01609W102
2.5%$192m2,000,000
-$243m
-1,465,000 shares
Trimmed
Apple Inc (AAPL)
COM PUT · CUSIP 037833100
3.1%$242m835,000No earlier filingNew
NRG Energy Inc (NRG)
COM NEW · CUSIP 629377508
3.3%$257m1,760,000
+$3.6m
+25,558 shares
Added
Nvidia Corporation (NVDA)
COM · CUSIP 67066G104
3.9%$305m1,525,000
+$49m
+53,500 shares
Added
Vistra Corp (VST)
COM · CUSIP 92840M102
4.5%$351m2,215,272
+$47m
+192,940 shares
Added
Meta Platforms Inc (META)
CL A · CUSIP 30303M102
4.9%$380m675,000
+$131m
+238,500 shares
Added
iShares Inc
MSCI STH KOR ETF · CUSIP 464286772
6.3%$490m2,425,000
+$194m
+25,000 shares
Added
Uber Technologies Inc (UBER)
COM · CUSIP 90353T100
7.2%$555m7,694,071
+$100m
+1,361,351 shares
Added
Alphabet Inc
CAP STK CL C · CUSIP 02079K107
8.5%$654m1,850,000
+$157m
+117,300 shares
Added
Taiwan Semiconductor Manufac
SPONSORED ADS · CUSIP 874039100
10%$788m1,650,000
+$339m
+322,500 shares
Added
Micron Technology Inc (MU)
COM · CUSIP 595112103
15%$1.1bn975,000
+$563m
-690,000 shares
Trimmed
Amazon Com Inc (AMZN)
COM · CUSIP 023135106
15%$1.2bn5,000,000
+$292m
+680,000 shares
Added

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 202614 Aug 2026$7.7bn2779%13F-HR
Q1 202631 Mar 202615 May 2026$5.9bn3174%13F-HR
Q4 202531 Dec 202517 Feb 2026$6.9bn3959%13F-HR
Q3 202530 Sept 202513 Nov 2025$7.4bn4558%13F-HR
Q2 202530 Jun 202514 Aug 2025$6.4bn3865%13F-HR
Q1 202531 Mar 202515 May 2025$8.4bn3877%13F-HR
Q4 202431 Dec 202410 Feb 2025$6.5bn3767%13F-HR
Q3 202430 Sept 202414 Nov 2024$6.7bn3865%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.

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