Appaloosa LP — 13F Portfolio Changes & Top Buys (Q2 2026)
Appaloosa LPCIK: 0001656456
Momentum followerQuality / disciplined sizingSector-focused
Total reported value
$7.7B
Reporting period: 2026-06-30 · Number of holdings: 27
Appaloosa LP disclosed 27 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $7.7B and a quarterly turnover rate of 58.9%.
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Personality snowflake
- Concentration
- 33.16
- Portfolio Stability
- 58.95
- Momentum
- 100
- Sector conviction
- 80.45
- Diversification
- 54
- Sizing Uniformity
- 88.66
Appaloosa LP's disclosed holdings carry a Herfindahl concentration index of 0.083 — mathematically equivalent to about 12 equally-sized positions, well below its 27 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.13), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 4.6 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
-41.4% $562.9M
Trim BABA
-42.3% -$242.8M
New buy AAPL
Sold out SNDK
Add TSM
+24.3% $339.4M
Sold out GLW
Holdings Map
New buyAddUnchangedTrim
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 15.43% | +0.27% | +15.74% | |
| 2 | MU | Micron Technology Inc | Stock-Tech | 14.57% | +5.09% | -41.44% | |
| 3 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 10.20% | +2.64% | +24.29% | |
| 4 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 8.46% | +0.08% | +6.77% | |
| 5 | UBER | Uber Technologies Inc | Stock-Industrials | 7.19% | -0.49% | +21.50% | |
| 6 | EWY | Ishares Msci South Korea ETF | ETF-Other | 6.34% | +1.36% | +1.04% | |
| 7 | META | Meta Platforms Inc-class A | Stock-Comm Services | 4.92% | +0.71% | +54.64% | |
| 8 | VST | Vistra CORP | Stock-Utilities | 4.55% | -0.57% | +9.54% | |
| 9 | NVDA | Nvidia CORP | Stock-Tech | 3.95% | -0.38% | +3.64% | |
| 10 | NRG | Nrg Energy Inc | Stock-Utilities | 3.33% | -0.94% | +1.47% | |
| 11 | AAPL | Apple Inc | Stock-Tech | 3.13% | +3.13% | NEW | |
| 12 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 2.48% | -4.85% | -42.28% | |
| 13 | BA | Boeing Co/the | Stock-Industrials | 2.24% | +2.24% | NEW | |
| 14 | LRCX | Lam Research CORP | Stock-Tech | 2.15% | +0.77% | — | |
| 15 | BIDU | Baidu Inc - Spon Adr | Stock-Comm Services | 1.92% | +0.62% | +87.11% | |
| 16 | AAL | American Airlines Group Inc | Stock-Industrials | 1.75% | +1.75% | NEW | |
| 17 | AMD | Advanced Micro Devices | Stock-Tech | 1.49% | +0.73% | -10.79% | |
| 18 | CRWV | Coreweave Inc-cl A | Stock-Tech | 1.39% | +1.39% | NEW | |
| 19 | ASML | ASML Holding N.V. | Stock-Tech | 1.29% | +0.19% | +1.01% | |
| 20 | AVGO | Broadcom Inc | Stock-Tech | 0.73% | +0.73% | NEW | |
| 21 | QCOM | Qualcomm Inc | Stock-Tech | 0.60% | -0.48% | -49.86% | |
| 22 | ✓ | Stock-Other | 0.50% | +0.50% | NEW | ||
| 23 | ET | Energy Transfer LP | Stock-Energy | 0.39% | -0.12% | — | |
| 24 | MPLX | Mplx LP | Stock-Energy | 0.37% | -0.11% | — | |
| 25 | WHR | Whirlpool CORP | Stock-Consumer Disc | 0.36% | -1.41% | -63.33% | |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.16% | +0.16% | NEW | |
| 27 | GT | Goodyear Tire & Rubber Co | Stock-Consumer Disc | 0.13% | +0.13% | NEW |
Portfolio Performance
Performance for Q3 2026
-4.9%
Performance Last 4 Quarters
+26.2%
- Stdev
- +23.7%
- Beta
- +1.44
- Alpha
- -1.9%
- Max Drawdown
- -14.8%
- Annualized Perf
- +27.3%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +2.26
- Stutzer
- +0.34
- Treynor
- +0.19
- Sterling
- +1.36
- Calmar
- +1.85
- Information Ratio
- +0.45
- Tracking Error
- +15.6%
- Stdev Down
- +12%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +52.7%
- Worst 12 Months
- +8.5%
- Efficiency Ratio
- +0.51
- Sharpe
- +1.14
- Stdev Sectors
- +13%
- Skewness
- +0.11
- Kurtosis
- -0.35
- Upside Potential
- +4.02
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 27 | $7.7B | 59 | ||
| 2026 Q1 | 31 | $5.9B | 57 | ||
| 2025 Q4 | 39 | $6.9B | 45 | ||
| 2025 Q3 | 45 | $7.4B | 94 | ||
| 2025 Q2 | 38 | $6.4B | 0 | ||
| 2025 Q1 | 38 | $8.4B | 100 | ||
| 2024 Q4 | 37 | $6.5B | 0 | ||
| 2024 Q3 | 38 | $6.7B | 0 | ||
| 2024 Q2 | 37 | $6.2B | 0 | ||
| 2024 Q1 | 39 | $6.8B | 0 | ||
| 2023 Q4 | 40 | $5.8B | 0 | ||
| 2023 Q3 | 32 | $5.1B | 0 | ||
| 2023 Q2 | 39 | $5.4B | 0 | ||
| 2023 Q1 | 29 | $1.9B | 0 | ||
| 2022 Q4 | 24 | $1.3B | 0 | ||
| 2022 Q3 | 22 | $1.4B | 0 | ||
| 2022 Q2 | 30 | $1.6B | 0 | ||
| 2022 Q1 | 34 | $2.5B | 0 | ||
| 2021 Q4 | 44 | $3.9B | 0 | ||
| 2021 Q3 | 51 | $4.2B | 0 | ||
| 2021 Q2 | 54 | $4.8B | 46 | ||
| 2021 Q1 | 62 | $7.0B | 37 | ||
| 2020 Q4 | 45 | $6.7B | 38 | ||
| 2020 Q3 | 32 | $5.7B | 32 | ||
| 2020 Q2 | 37 | $5.8B | 69 | ||
| 2020 Q1 | 31 | $3.3B | 45 | ||
| 2019 Q4 | 23 | $4.0B | 33 | ||
| 2019 Q3 | 25 | $3.4B | 100 | ||
| 2019 Q2 | 27 | $9.3B | 100 | ||
| 2019 Q1 | 24 | $3.5B | 68 | ||
| 2018 Q4 | 23 | $2.0B | 100 | ||
| 2018 Q3 | 37 | $5.7B | 53 | ||
| 2018 Q2 | 49 | $8.8B | 28 | ||
| 2018 Q1 | 53 | $9.7B | 53 | ||
| 2017 Q4 | 50 | $10.7B | 72 | ||
| 2017 Q3 | 48 | $7.1B | 40 | ||
| 2017 Q2 | 58 | $6.7B | 75 | ||
| 2017 Q1 | 53 | $6.1B | 45 | ||
| 2016 Q4 | 54 | $5.6B | 61 | ||
| 2016 Q3 | 42 | $4.4B | 54 | ||
| 2016 Q2 | 37 | $3.8B | 64 | ||
| 2016 Q1 | 49 | $5.7B | 0 |
Holding changes this quarter
Appaloosa LP's most significant position changes for 2026-06-30: New buy: Apple Inc (AAPL); Sold out: Sandisk CORP (SNDK); New buy: Boeing Co/the (BA); Sold out: Corning Inc (GLW); New buy: American Airlines Group Inc (AAL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +5.1% | -41.44% | Trim |
| 2 | AAPL | Apple Inc | +3.1% | NEW | New buy |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +2.6% | +24.29% | Add |
| 4 | BA | Boeing Co/the | +2.2% | NEW | New buy |
| 5 | AAL | American Airlines Group Inc | +1.8% | NEW | New buy |
| 6 | CRWV | Coreweave Inc-cl A | +1.4% | NEW | New buy |
| 7 | EWY | Ishares Msci South Korea ETF | +1.4% | +1.04% | Add |
| 8 | LRCX | Lam Research CORP | +0.8% | — | Unchanged |
| 9 | AMD | Advanced Micro Devices | +0.7% | -10.79% | Trim |
| 10 | AVGO | Broadcom Inc | +0.7% | NEW | New buy |
| 11 | META | Meta Platforms Inc-class A | +0.7% | +54.64% | Add |
| 12 | BIDU | Baidu Inc - Spon Adr | +0.6% | +87.11% | Add |
| 13 | ✓ | +0.5% | NEW | New buy | |
| 14 | AMZN | Amazon.com Inc | +0.3% | +15.74% | Add |
| 15 | ASML | ASML Holding N.V. | +0.2% | +1.01% | Add |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | +0.2% | NEW | New buy |
| 17 | GT | Goodyear Tire & Rubber Co | +0.1% | NEW | New buy |
| 18 | GOOG | Alphabet Inc-cl C | +0.1% | +6.77% | Add |
| 19 | MPLX | Mplx LP | -0.1% | — | Unchanged |
| 20 | ET | Energy Transfer LP | -0.1% | — | Unchanged |
| 21 | DB | Deutsche Bank Aktiengesellschaft | -0.1% | EXIT | Sold out |
| 22 | NVDA | Nvidia CORP | -0.4% | +3.64% | Add |
| 23 | UNH | Unitedhealth Group Inc | -0.4% | EXIT | Sold out |
| 24 | QCOM | Qualcomm Inc | -0.5% | -49.86% | Trim |
| 25 | UBER | Uber Technologies Inc | -0.5% | +21.50% | Add |
| 26 | KWEB | Kranesh Csi China Internet | -0.5% | EXIT | Sold out |
| 27 | MSFT | Microsoft CORP | -0.6% | EXIT | Sold out |
| 28 | VST | Vistra CORP | -0.6% | +9.54% | Add |
| 29 | LYFT | Lyft Inc-a | -0.6% | EXIT | Sold out |
| 30 | JD | Jd.com Inc-adr | -0.7% | EXIT | Sold out |
| 31 | BALL | Ball CORP | -0.8% | EXIT | Sold out |
| 32 | NRG | Nrg Energy Inc | -0.9% | +1.47% | Add |
| 33 | RTX | Rtx CORP | -1.1% | EXIT | Sold out |
| 34 | LHX | L3harris Technologies Inc | -1.2% | EXIT | Sold out |
| 35 | WHR | Whirlpool CORP | -1.4% | -63.33% | Trim |
| 36 | PDD | Pdd Holdings Inc | -1.6% | EXIT | Sold out |
| 37 | GLW | Corning Inc | -2.6% | EXIT | Sold out |
| 38 | SNDK | Sandisk CORP | -3% | EXIT | Sold out |
| 39 | BABA | Alibaba Group Holding-sp Adr | -4.9% | -42.28% | Trim |
Filing History
FAQ
What is Appaloosa LP and what type of investor is it?
Appaloosa LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $7.7B, spread across 27 disclosed positions.
What are Appaloosa LP's largest equity positions?
Based on the latest 13F filing, Appaloosa LP's top holdings by market value are:
1. Amazon.com Inc (AMZN) — $1.2B (15.4%)
2. Micron Technology Inc (MU) — $1.1B (14.6%)
3. Taiwan Semiconductor-sp Adr (TSM) — $788.0M (10.2%)
4. Alphabet Inc-cl C (GOOG) — $653.7M (8.5%)
5. Uber Technologies Inc (UBER) — $555.2M (7.2%)
What changes did Appaloosa LP make in its most recent portfolio filing?
In the latest reported quarter, Appaloosa LP made 36 notable position adjustments: 8 new positions were initiated, 11 existing holdings were added to, 5 positions were partially reduced, and 12 were completely exited. The largest of these moves: New buy: Apple Inc (AAPL); Sold out: Sandisk CORP (SNDK); New buy: Boeing Co/the (BA); Sold out: Corning Inc (GLW); New buy: American Airlines Group Inc (AAL)
What sectors does Appaloosa LP focus on?
Appaloosa LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 42.5%
• Consumer Discretionary: 19.8%
• Communication Services: 16.4%
• Industrials: 12.0%
• Utilities: 8.5%
• Energy: 0.8%
Investment Profile
Appaloosa LP returned an annualized 27.3% over the trailing 36 months — underperforming the S&P 500 by 1.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.44 (more volatile than the market) and a 58% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 42.5% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 59 over the past 4 quarters — a shift toward more active trading.
It has added to its AMZN position over the past two quarters (+$688.7M, now $1.2B), while trimming BABA over the same stretch (-$561.2M, still holding $192.0M).
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Developer Access
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REST API
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