Appaloosa LP 13F Disclosure & Portfolio Data

CIK: 0001656456

Momentum followerQuality / disciplined sizingSector-focused

Total reported value

$5.9B

Reporting period: 2026-03-31 · Number of holdings: 31

APPALOOSA LP disclosed 31 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.9B and a quarterly turnover rate of 57.1%.

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Personality snowflake

Concentration: 27.94
Portfolio Stability: 57.09
Momentum/Contrarian: 100
Sector conviction: 73.2
Diversification: 62
Sizing Uniformity: 89.02

Appaloosa LP's disclosed holdings carry a Herfindahl concentration index of 0.070 — mathematically equivalent to about 14 equally-sized positions, well below its 31 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 1.10), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Add AMZN
+98.2%　$396.7M
Add UBER
+242.3%　$304.3M
Trim BABA
-32.6%　-$318.4M
Trim MSFT
-82.0%　-$208.5M
Add VST
+114.0%　$151.6M
Add TSM
+17.5%　$105.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AMZN	Amazon.com INC	Stock-Consumer Disc	15.16%	+7.90%	+98.22%
2	MU	Micron Technology INC	Stock-Tech	9.48%	+2.27%	-4.86%
3	GOOG	Alphabet Inc-cl C	Stock-Comm Services	8.38%	+0.28%	-3.03%
4	UBER	Uber Technologies INC	Stock-Industrials	7.68%	+5.50%	+242.31%
5	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	7.56%	+2.60%	+17.48%
6	BABA	Alibaba Group Holding-sp Adr	Stock-Consumer Disc	7.33%	-3.55%	-32.56%
7	VST	Vistra CORP	Stock-Utilities	5.12%	+2.92%	+114.00%
8	EWY	Ishares Msci South Korea ETF	ETF-Other	4.98%	+2.35%	+28.00%
9	NVDA	Nvidia CORP	Stock-Tech	4.33%	-0.25%	-13.44%
10	NRG	Nrg Energy INC	Stock-Utilities	4.27%	+0.50%	+5.76%
11	META	Meta Platforms Inc-class A	Stock-Comm Services	4.21%	-1.51%	-27.25%
12	SNDK	Sandisk CORP	Stock-Tech	3.01%	+3.01%	NEW
13	GLW	Corning INC	Stock-Tech	2.59%	+0.60%	-28.07%
14	WHR	Whirlpool CORP	Stock-Consumer Disc	1.77%	-2.30%	-50.13%
15	PDD	Pdd Holdings INC	Stock-Consumer Disc	1.55%	-1.36%	-49.30%
16	LRCX	Lam Research CORP	Stock-Tech	1.38%	+0.33%	-10.00%
17	BIDU	Baidu INC - Spon Adr	Stock-Comm Services	1.30%	+0.22%	+20.37%
18	LHX	L3harris Technologies INC	Stock-Industrials	1.15%	-0.10%	-32.88%
19	RTX	Rtx CORP	Stock-Industrials	1.11%	-0.21%	-31.60%
20	ASML	ASML Holding N.V.	Stock-Tech	1.10%	+0.13%	-20.80%
21	QCOM	Qualcomm INC	Stock-Tech	1.08%	-1.75%	-56.45%
22	BALL	Ball CORP	Stock-Consumer Disc	0.83%	-0.09%	-30.25%
23	AMD	Advanced Micro Devices	Stock-Tech	0.76%	-0.25%	-31.88%
24	JD	Jd.com Inc-adr	Stock-Consumer Disc	0.65%	-1.07%	-68.61%
25	LYFT	Lyft Inc-a	Stock-Tech	0.61%	-0.45%	-28.95%
26	MSFT	Microsoft CORP	Stock-Tech	0.56%	-2.93%	-82.00%
27	KWEB	Kranesh Csi China Internet	ETF-Emerging Markets	0.52%	-1.82%	-77.26%
28	ET	Energy Transfer LP	Stock-Energy	0.51%	-0.01%	-28.07%
29	MPLX	Mplx LP	Stock-Energy	0.48%	—	-19.93%
30	UNH	Unitedhealth Group INC	Stock-Healthcare	0.41%	-0.54%	-55.00%
31	DB	Deutsche Bank Aktiengesellschaft	Stock-Financials	0.13%	-1.62%	-91.82%

Portfolio Performance

Performance for Q3 2026

+6.7%

Performance Last 4 Quarters

+26.9%

Based on 81% of reported portfolio value with available pricing

Stdev: +24.9%
Beta: +1.51
Alpha: -1.9%
Max Drawdown: -18%
Annualized Perf: +25.6%
Batting Avg vs S&P: +52.8%
Sortino: +2.22
Stutzer: +0.31
Treynor: +0.17
Sterling: +1.19
Calmar: +1.42
Information Ratio: +0.45
Tracking Error: +16.7%
Stdev Down: +11.7%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +55%
Worst 12 Months: +9.8%
Efficiency Ratio: +0.47
Sharpe: +1.04
Stdev Sectors: +12.2%
Skewness: +0.44
Kurtosis: -0.49
Upside Potential: +4.1

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	31	$5.9B	57	1AMZN 2MU 3GOOG Top holdings2026-03-31 1.AMZN 2.MU 3.GOOG 4.UBER 5.TSM 6.BABA 7.VST 8.EWY 9.NVDA 10.NRG
2025-12-31	39	$6.9B	45	1BABA 2GOOG 3AMZN Top holdings2025-12-31 1.BABA 2.GOOG 3.AMZN 4.MU 5.META 6.TSM 7.NVDA 8.WHR 9.NRG 10.MSFT
2025-09-30	45	$7.4B	94	1BABA 2AMZN 3WHR Top holdings2025-09-30 1.BABA 2.AMZN 3.WHR 4.NVDA 5.GOOG 6.KWEB 7.NRG 8.TSM 9.META 10.VST
2025-06-30	38	$6.4B	0	1BABA 2UNH 3AMZN Top holdings2025-06-30 1.BABA 2.UNH 3.AMZN 4.VST 5.NRG 6.META 7.NVDA 8.GOOG 9.UBER 10.MSFT
2025-03-31	38	$8.4B	100	1SPYX 2BABA 3PDD Top holdings2025-03-31 1.SPYX 2.BABA 3.PDD 4.AMZN 5.JD 6.META 7.GOOG 8.AAPL 9.VST 10.UBER
2024-12-31	37	$6.5B	0	1BABA 2AMZN 3PDD Top holdings2024-12-31 1.BABA 2.AMZN 3.PDD 4.MSFT 5.VST 6.JD 7.GOOG 8.META 9.ORCL 10.FXI
2024-09-30	38	$6.7B	0	1BABA 2PDD 3AMZN Top holdings2024-09-30 1.BABA 2.PDD 3.AMZN 4.MSFT 5.META 6.GOOG 7.JD 8.ORCL 9.LYFT 10.AMD
2024-06-30	37	$6.2B	0	1BABA 2AMZN 3MSFT Top holdings2024-06-30 1.BABA 2.AMZN 3.MSFT 4.META 5.GOOG 6.ORCL 7.PDD 8.AMD 9.ADBE 10.FXI
2024-03-31	39	$6.8B	0	1BABA 2AMZN 3MSFT Top holdings2024-03-31 1.BABA 2.AMZN 3.MSFT 4.META 5.NVDA 6.GOOG 7.AMD 8.ORCL 9.PDD 10.BIDU
2023-12-31	40	$5.8B	0	1META 2MSFT 3AMZN Top holdings2023-12-31 1.META 2.MSFT 3.AMZN 4.NVDA 5.UBER 6.BABA 7.GOOG 8.AMD 9.INTC 10.FDX
2023-09-30	32	$5.1B	0	1META 2MSFT 3AMZN Top holdings2023-09-30 1.META 2.MSFT 3.AMZN 4.NVDA 5.GOOG 6.UBER 7.BABA 8.AMD 9.INTC 10.FDX
2023-06-30	39	$5.4B	0	1NVDA 2META 3MSFT Top holdings2023-06-30 1.NVDA 2.META 3.MSFT 4.AMZN 5.BABA 6.UBER 7.GOOG 8.AMD 9.INTC 10.QCOM
2023-03-31	29	$1.9B	0	1GOOG 2AMZN 3UBER Top holdings2023-03-31 1.GOOG 2.AMZN 3.UBER 4.CEG 5.META 6.ET 7.M 8.EQT 9.FDX 10.MSFT
2022-12-31	24	$1.3B	0	1CEG 2GOOG 3AMZN Top holdings2022-12-31 1.CEG 2.GOOG 3.AMZN 4.M 5.ET 6.EQT 7.UNH 8.META 9.MSFT 10.HCA
2022-09-30	22	$1.4B	0	1CEG 2GOOG 3AMZN Top holdings2022-09-30 1.CEG 2.GOOG 3.AMZN 4.META 5.ET 6.EQT 7.M 8.UNH 9.MSFT 10.AR
2022-06-30	30	$1.6B	0	1GOOG 2META 3AMZN Top holdings2022-06-30 1.GOOG 2.META 3.AMZN 4.CEG 5.M 6.ET 7.EQT 8.UNH 9.KSS 10.MSFT
2022-03-31	34	$2.5B	0	1GOOG 2AMZN 3META Top holdings2022-03-31 1.GOOG 2.AMZN 3.META 4.M 5.MU 6.OXY 7.EQT 8.MSFT 9.ET 10.UNH
2021-12-31	44	$3.9B	0	1GOOG 2META 3M Top holdings2021-12-31 1.GOOG 2.META 3.M 4.MU 5.AMZN 6.OXY 7.PCG 8.TMUS 9.GM 10.XLE
2021-09-30	51	$4.2B	0	1GOOG 2META 3TMUS Top holdings2021-09-30 1.GOOG 2.META 3.TMUS 4.AMZN 5.OXY 6.MU 7.M 8.PCG 9.XLE 10.DHI
2021-06-30	54	$4.8B	46	1MU 2AMZN 3META Top holdings2021-06-30 1.MU 2.AMZN 3.META 4.GOOG 5.TMUS 6.OXY 7.PCG 8.BABA 9.XLE 10.ET
2021-03-31	62	$7.0B	37	1MU 2AMZN 3META Top holdings2021-03-31 1.MU 2.AMZN 3.META 4.TMUS 5.GOOG 6.PCG 7.BABA 8.OXY 9.XLE 10.HCA
2020-12-31	45	$6.7B	38	1TMUS 2AMZN 3MU Top holdings2020-12-31 1.TMUS 2.AMZN 3.MU 4.META 5.PCG 6.GOOG 7.BABA 8.TWTRUSD 9.HCA 10.ET
2020-09-30	32	$5.7B	32	1PCG 2BABA 3TMUS Top holdings2020-09-30 1.PCG 2.BABA 3.TMUS 4.MU 5.META 6.AMZN 7.GOOG 8.TWTRUSD 9.MA 10.V
2020-06-30	37	$5.8B	69	1BABA 2AMZN 3TMUS Top holdings2020-06-30 1.BABA 2.AMZN 3.TMUS 4.META 5.MU 6.GOOG 7.T 8.TWTRUSD 9.V 10.MA
2020-03-31	31	$3.3B	45	1AMZN 2BABA 3GOOG Top holdings2020-03-31 1.AMZN 2.BABA 3.GOOG 4.META 5.MU 6.TWTRUSD 7.G0177J 8.PCG 9.NFLX 10.ET
2019-12-31	23	$4.0B	33	1GOOG 2META 3AMZN Top holdings2019-12-31 1.GOOG 2.META 3.AMZN 4.BABA 5.MU 6.G0177J 7.PCG 8.ET 9.CZREUR 10.UNH
2019-09-30	25	$3.4B	100	1GOOG 2META 3AMZN Top holdings2019-09-30 1.GOOG 2.META 3.AMZN 4.AABAUSD 5.MU 6.G0177J 7.BABA 8.PCG 9.CZREUR 10.ET
2019-06-30	27	$9.3B	100	1SPY 2QQQ 3PCG Top holdings2019-06-30 1.SPY 2.QQQ 3.PCG 4.META 5.AMZN 6.GOOG 7.G0177J 8.CZREUR 9.ET 10.UNH
2019-03-31	24	$3.5B	68	1MU2G0177J3PCG Top holdings2019-03-31 1.MU 2.G0177J 3.PCG 4.META 5.AMZN 6.BABA 7.AABAUSD 8.GOOG 9.CZREUR 10.ET
2018-12-31	23	$2.0B	100	1MU 2META3G0177J Top holdings2018-12-31 1.MU 2.META 3.G0177J 4.PCG 5.GOOG 6.AABAUSD 7.ET 8.CZREUR 9.TMUS 10.UNH
2018-09-30	37	$5.7B	53	1MU 2META3G0177J Top holdings2018-09-30 1.MU 2.META 3.G0177J 4.BABA 5.GOOG 6.AABAUSD 7.TMUS 8.PCG 9.LRCXEUR 10.XPO
2018-06-30	49	$8.8B	28	1MU 2META3G0177J Top holdings2018-06-30 1.MU 2.META 3.G0177J 4.BABA 5.AABAUSD 6.GOOG 7.TMUS 8.LRCXEUR 9.BAC 10.WFC
2018-03-31	53	$9.7B	53	1MU 2META 3BABA Top holdings2018-03-31 1.MU 2.META 3.BABA 4.G0177J 5.AABAUSD 6.GOOG 7.BAC 8.LRCXEUR 9.TMUS 10.XPO
2017-12-31	50	$10.7B	72	1MU 2META373935A Top holdings2017-12-31 1.MU 2.META 3.73935A 4.AAPL 5.BABA 6.AABAUSD 7.G0177J 8.BAC 9.EEM 10.GOOG
2017-09-30	48	$7.1B	40	1MU 2BABA 3META Top holdings2017-09-30 1.MU 2.BABA 3.META 4.GOOG 5.G0177J 6.AABAUSD 7.96949L 8.WDC 9.ET 10.NRG
2017-06-30	58	$6.7B	75	1G0177J2GOOG 3BABA Top holdings2017-06-30 1.G0177J 2.GOOG 3.BABA 4.MU 5.96949L 6.META 7.ET 8.AABAUSD 9.73935A 10.WDC
2017-03-31	53	$6.1B	45	1G0177J2ET396949L Top holdings2017-03-31 1.G0177J 2.ET 3.96949L 4.GOOG 5.SPY 6.META 7.PNC 8.BAC 9.MU 10.GM
2016-12-31	54	$5.6B	61	1G0177J2ET 3GOOG Top holdings2016-12-31 1.G0177J 2.ET 3.GOOG 4.96949L 5.META 6.SPY 7.PNC 8.ALL 9.TEVA 10.PFE
2016-09-30	42	$4.4B	54	1SPY 2ET 3GOOG Top holdings2016-09-30 1.SPY 2.ET 3.GOOG 4.96949L 5.G0177J 6.ALL 7.META 8.WHR 9.OC 10.88104R
2016-06-30	37	$3.8B	64	1GOOG 2ET396949L Top holdings2016-06-30 1.GOOG 2.ET 3.96949L 4.G0177J 5.ALL 6.WHR 7.OC 8.SYF 9.MHK 10.LUV
2016-03-31	49	$5.7B	0	1SPY 2ET 3GOOG Top holdings2016-03-31 1.SPY 2.ET 3.GOOG 4.DAL 5.96949L 6.WHR 7.HCA 8.ALL 9.LUV 10.META

Holding changes this quarter

Appaloosa LP's most significant position changes for 2026-03-31: Sold out: American Airlines Group INC (AAL); New buy: Sandisk CORP (SNDK); Sold out: Owens Corning (OC); Sold out: Mohawk Industries INC (MHK); Sold out: Iqvia Holdings INC (IQV).

Position changes disclosed by Appaloosa LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AMZN	Amazon.com INC	+7.9%	+98.22%	Add
2	UBER	Uber Technologies INC	+5.5%	+242.31%	Add
3	VST	Vistra CORP	+2.9%	+114.00%	Add
4	TSM	Taiwan Semiconductor-sp Adr	+2.6%	+17.48%	Add
5	EWY	Ishares Msci South Korea ETF	+2.4%	+28.00%	Add
6	MU	Micron Technology INC	+2.3%	-4.86%	Trim
7	GLW	Corning INC	+0.6%	-28.07%	Trim
8	NRG	Nrg Energy INC	+0.5%	+5.76%	Add
9	LRCX	Lam Research CORP	+0.3%	-10.00%	Trim
10	GOOG	Alphabet Inc-cl C	+0.3%	-3.03%	Trim
11	BIDU	Baidu INC - Spon Adr	+0.2%	+20.37%	Add
12	ASML	ASML Holding N.V.	+0.1%	-20.80%	Trim
13	MPLX	Mplx LP	—	-19.93%	Trim
14	ET	Energy Transfer LP	0%	-28.07%	Trim
15	BALL	Ball CORP	-0.1%	-30.25%	Trim
16	LHX	L3harris Technologies INC	-0.1%	-32.88%	Trim
17	RTX	Rtx CORP	-0.2%	-31.60%	Trim
18	NVDA	Nvidia CORP	-0.3%	-13.44%	Trim
19	AMD	Advanced Micro Devices	-0.3%	-31.88%	Trim
20	LYFT	Lyft Inc-a	-0.5%	-28.95%	Trim
21	UNH	Unitedhealth Group INC	-0.5%	-55.00%	Trim
22	JD	Jd.com Inc-adr	-1.1%	-68.61%	Trim
23	PDD	Pdd Holdings INC	-1.4%	-49.30%	Trim
24	META	Meta Platforms Inc-class A	-1.5%	-27.25%	Trim
25	DB	Deutsche Bank Aktiengesellschaft	-1.6%	-91.82%	Trim
26	QCOM	Qualcomm INC	-1.8%	-56.45%	Trim
27	KWEB	Kranesh Csi China Internet	-1.8%	-77.26%	Trim
28	WHR	Whirlpool CORP	-2.3%	-50.13%	Trim
29	MSFT	Microsoft CORP	-2.9%	-82.00%	Trim
30	BABA	Alibaba Group Holding-sp Adr	-3.6%	-32.56%	Trim
31	AAL	American Airlines Group INC	—	EXIT	Sold out
32	SNDK	Sandisk CORP	—	NEW	New buy
33	OC	Owens Corning	—	EXIT	Sold out
34	MHK	Mohawk Industries INC	—	EXIT	Sold out
35	IQV	Iqvia Holdings INC	—	EXIT	Sold out
36	UAL	United Airlines Holdings INC	—	EXIT	Sold out
37	FXI	Ishares China Large-cap ETF	—	EXIT	Sold out
38	DAL	Delta Air Lines INC	—	EXIT	Sold out
39	GT	Goodyear Tire & Rubber Co	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-13	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-10	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-16	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR
2018-09-30	2018-11-14	13F-HR	View on EDGAR
2018-06-30	2018-08-14	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-14	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-05-12	13F-HR	View on EDGAR
2016-12-31	2017-02-14	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-12	13F-HR	View on EDGAR
2016-03-31	2016-05-13	13F-HR	View on EDGAR

FAQ

What is Appaloosa LP and what type of investor is it?

Appaloosa LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $5.9B, spread across 31 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) — $899.7M (15.2%) 2. Micron Technology INC (MU) — $562.5M (9.5%) 3. Alphabet Inc-cl C (GOOG) — $497.0M (8.4%) 4. Uber Technologies INC (UBER) — $455.5M (7.7%) 5. Taiwan Semiconductor-sp Adr (TSM) — $448.6M (7.6%)

What changes did Appaloosa LP make in its most recent portfolio filing?

In the latest reported quarter, Appaloosa LP made 39 notable position adjustments: 1 new positions were initiated, 7 existing holdings were added to, 23 positions were partially reduced, and 8 were completely exited. The largest of these moves: Sold out: American Airlines Group INC (AAL); New buy: Sandisk CORP (SNDK); Sold out: Owens Corning (OC); Sold out: Mohawk Industries INC (MHK); Sold out: Iqvia Holdings INC (IQV)

What sectors does Appaloosa LP focus on?

Appaloosa LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 34.3% • Consumer Discretionary: 28.9% • Communication Services: 14.7% • Industrials: 10.5% • Utilities: 9.9% • Energy: 1.1%

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Portfolio Stability19.7

Sector conviction100.0

3 of the top 5 holdings overlap, including Amazon.com INC

View detail

Appaloosa LP 13F Disclosure & Portfolio Data

CIK: 0001656456

Momentum followerQuality / disciplined sizingSector-focused

Total reported value

$5.9B

Reporting period: 2026-03-31 · Number of holdings: 31

APPALOOSA LP disclosed 31 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.9B and a quarterly turnover rate of 57.1%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "A"

Personality snowflake

Concentration: 27.94
Portfolio Stability: 57.09
Momentum/Contrarian: 100
Sector conviction: 73.2
Diversification: 62
Sizing Uniformity: 89.02

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.10), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Add AMZN
+98.2%　$396.7M
Add UBER
+242.3%　$304.3M
Trim BABA
-32.6%　-$318.4M
Trim MSFT
-82.0%　-$208.5M
Add VST
+114.0%　$151.6M
Add TSM
+17.5%　$105.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AMZN	Amazon.com INC	Stock-Consumer Disc	15.16%	+7.90%	+98.22%
2	MU	Micron Technology INC	Stock-Tech	9.48%	+2.27%	-4.86%
3	GOOG	Alphabet Inc-cl C	Stock-Comm Services	8.38%	+0.28%	-3.03%
4	UBER	Uber Technologies INC	Stock-Industrials	7.68%	+5.50%	+242.31%
5	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	7.56%	+2.60%	+17.48%
6	BABA	Alibaba Group Holding-sp Adr	Stock-Consumer Disc	7.33%	-3.55%	-32.56%
7	VST	Vistra CORP	Stock-Utilities	5.12%	+2.92%	+114.00%
8	EWY	Ishares Msci South Korea ETF	ETF-Other	4.98%	+2.35%	+28.00%
9	NVDA	Nvidia CORP	Stock-Tech	4.33%	-0.25%	-13.44%
10	NRG	Nrg Energy INC	Stock-Utilities	4.27%	+0.50%	+5.76%
11	META	Meta Platforms Inc-class A	Stock-Comm Services	4.21%	-1.51%	-27.25%
12	SNDK	Sandisk CORP	Stock-Tech	3.01%	+3.01%	NEW
13	GLW	Corning INC	Stock-Tech	2.59%	+0.60%	-28.07%
14	WHR	Whirlpool CORP	Stock-Consumer Disc	1.77%	-2.30%	-50.13%
15	PDD	Pdd Holdings INC	Stock-Consumer Disc	1.55%	-1.36%	-49.30%
16	LRCX	Lam Research CORP	Stock-Tech	1.38%	+0.33%	-10.00%
17	BIDU	Baidu INC - Spon Adr	Stock-Comm Services	1.30%	+0.22%	+20.37%
18	LHX	L3harris Technologies INC	Stock-Industrials	1.15%	-0.10%	-32.88%
19	RTX	Rtx CORP	Stock-Industrials	1.11%	-0.21%	-31.60%
20	ASML	ASML Holding N.V.	Stock-Tech	1.10%	+0.13%	-20.80%
21	QCOM	Qualcomm INC	Stock-Tech	1.08%	-1.75%	-56.45%
22	BALL	Ball CORP	Stock-Consumer Disc	0.83%	-0.09%	-30.25%
23	AMD	Advanced Micro Devices	Stock-Tech	0.76%	-0.25%	-31.88%
24	JD	Jd.com Inc-adr	Stock-Consumer Disc	0.65%	-1.07%	-68.61%
25	LYFT	Lyft Inc-a	Stock-Tech	0.61%	-0.45%	-28.95%
26	MSFT	Microsoft CORP	Stock-Tech	0.56%	-2.93%	-82.00%
27	KWEB	Kranesh Csi China Internet	ETF-Emerging Markets	0.52%	-1.82%	-77.26%
28	ET	Energy Transfer LP	Stock-Energy	0.51%	-0.01%	-28.07%
29	MPLX	Mplx LP	Stock-Energy	0.48%	—	-19.93%
30	UNH	Unitedhealth Group INC	Stock-Healthcare	0.41%	-0.54%	-55.00%
31	DB	Deutsche Bank Aktiengesellschaft	Stock-Financials	0.13%	-1.62%	-91.82%

Portfolio Performance

Performance for Q3 2026

+6.7%

Performance Last 4 Quarters

+26.9%

Based on 81% of reported portfolio value with available pricing

Stdev: +24.9%
Beta: +1.51
Alpha: -1.9%
Max Drawdown: -18%
Annualized Perf: +25.6%
Batting Avg vs S&P: +52.8%
Sortino: +2.22
Stutzer: +0.31
Treynor: +0.17
Sterling: +1.19
Calmar: +1.42
Information Ratio: +0.45
Tracking Error: +16.7%
Stdev Down: +11.7%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +55%
Worst 12 Months: +9.8%
Efficiency Ratio: +0.47
Sharpe: +1.04
Stdev Sectors: +12.2%
Skewness: +0.44
Kurtosis: -0.49
Upside Potential: +4.1

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	31	$5.9B	57	1AMZN 2MU 3GOOG Top holdings2026-03-31 1.AMZN 2.MU 3.GOOG 4.UBER 5.TSM 6.BABA 7.VST 8.EWY 9.NVDA 10.NRG
2025-12-31	39	$6.9B	45	1BABA 2GOOG 3AMZN Top holdings2025-12-31 1.BABA 2.GOOG 3.AMZN 4.MU 5.META 6.TSM 7.NVDA 8.WHR 9.NRG 10.MSFT
2025-09-30	45	$7.4B	94	1BABA 2AMZN 3WHR Top holdings2025-09-30 1.BABA 2.AMZN 3.WHR 4.NVDA 5.GOOG 6.KWEB 7.NRG 8.TSM 9.META 10.VST
2025-06-30	38	$6.4B	0	1BABA 2UNH 3AMZN Top holdings2025-06-30 1.BABA 2.UNH 3.AMZN 4.VST 5.NRG 6.META 7.NVDA 8.GOOG 9.UBER 10.MSFT
2025-03-31	38	$8.4B	100	1SPYX 2BABA 3PDD Top holdings2025-03-31 1.SPYX 2.BABA 3.PDD 4.AMZN 5.JD 6.META 7.GOOG 8.AAPL 9.VST 10.UBER
2024-12-31	37	$6.5B	0	1BABA 2AMZN 3PDD Top holdings2024-12-31 1.BABA 2.AMZN 3.PDD 4.MSFT 5.VST 6.JD 7.GOOG 8.META 9.ORCL 10.FXI
2024-09-30	38	$6.7B	0	1BABA 2PDD 3AMZN Top holdings2024-09-30 1.BABA 2.PDD 3.AMZN 4.MSFT 5.META 6.GOOG 7.JD 8.ORCL 9.LYFT 10.AMD
2024-06-30	37	$6.2B	0	1BABA 2AMZN 3MSFT Top holdings2024-06-30 1.BABA 2.AMZN 3.MSFT 4.META 5.GOOG 6.ORCL 7.PDD 8.AMD 9.ADBE 10.FXI
2024-03-31	39	$6.8B	0	1BABA 2AMZN 3MSFT Top holdings2024-03-31 1.BABA 2.AMZN 3.MSFT 4.META 5.NVDA 6.GOOG 7.AMD 8.ORCL 9.PDD 10.BIDU
2023-12-31	40	$5.8B	0	1META 2MSFT 3AMZN Top holdings2023-12-31 1.META 2.MSFT 3.AMZN 4.NVDA 5.UBER 6.BABA 7.GOOG 8.AMD 9.INTC 10.FDX
2023-09-30	32	$5.1B	0	1META 2MSFT 3AMZN Top holdings2023-09-30 1.META 2.MSFT 3.AMZN 4.NVDA 5.GOOG 6.UBER 7.BABA 8.AMD 9.INTC 10.FDX
2023-06-30	39	$5.4B	0	1NVDA 2META 3MSFT Top holdings2023-06-30 1.NVDA 2.META 3.MSFT 4.AMZN 5.BABA 6.UBER 7.GOOG 8.AMD 9.INTC 10.QCOM
2023-03-31	29	$1.9B	0	1GOOG 2AMZN 3UBER Top holdings2023-03-31 1.GOOG 2.AMZN 3.UBER 4.CEG 5.META 6.ET 7.M 8.EQT 9.FDX 10.MSFT
2022-12-31	24	$1.3B	0	1CEG 2GOOG 3AMZN Top holdings2022-12-31 1.CEG 2.GOOG 3.AMZN 4.M 5.ET 6.EQT 7.UNH 8.META 9.MSFT 10.HCA
2022-09-30	22	$1.4B	0	1CEG 2GOOG 3AMZN Top holdings2022-09-30 1.CEG 2.GOOG 3.AMZN 4.META 5.ET 6.EQT 7.M 8.UNH 9.MSFT 10.AR
2022-06-30	30	$1.6B	0	1GOOG 2META 3AMZN Top holdings2022-06-30 1.GOOG 2.META 3.AMZN 4.CEG 5.M 6.ET 7.EQT 8.UNH 9.KSS 10.MSFT
2022-03-31	34	$2.5B	0	1GOOG 2AMZN 3META Top holdings2022-03-31 1.GOOG 2.AMZN 3.META 4.M 5.MU 6.OXY 7.EQT 8.MSFT 9.ET 10.UNH
2021-12-31	44	$3.9B	0	1GOOG 2META 3M Top holdings2021-12-31 1.GOOG 2.META 3.M 4.MU 5.AMZN 6.OXY 7.PCG 8.TMUS 9.GM 10.XLE
2021-09-30	51	$4.2B	0	1GOOG 2META 3TMUS Top holdings2021-09-30 1.GOOG 2.META 3.TMUS 4.AMZN 5.OXY 6.MU 7.M 8.PCG 9.XLE 10.DHI
2021-06-30	54	$4.8B	46	1MU 2AMZN 3META Top holdings2021-06-30 1.MU 2.AMZN 3.META 4.GOOG 5.TMUS 6.OXY 7.PCG 8.BABA 9.XLE 10.ET
2021-03-31	62	$7.0B	37	1MU 2AMZN 3META Top holdings2021-03-31 1.MU 2.AMZN 3.META 4.TMUS 5.GOOG 6.PCG 7.BABA 8.OXY 9.XLE 10.HCA
2020-12-31	45	$6.7B	38	1TMUS 2AMZN 3MU Top holdings2020-12-31 1.TMUS 2.AMZN 3.MU 4.META 5.PCG 6.GOOG 7.BABA 8.TWTRUSD 9.HCA 10.ET
2020-09-30	32	$5.7B	32	1PCG 2BABA 3TMUS Top holdings2020-09-30 1.PCG 2.BABA 3.TMUS 4.MU 5.META 6.AMZN 7.GOOG 8.TWTRUSD 9.MA 10.V
2020-06-30	37	$5.8B	69	1BABA 2AMZN 3TMUS Top holdings2020-06-30 1.BABA 2.AMZN 3.TMUS 4.META 5.MU 6.GOOG 7.T 8.TWTRUSD 9.V 10.MA
2020-03-31	31	$3.3B	45	1AMZN 2BABA 3GOOG Top holdings2020-03-31 1.AMZN 2.BABA 3.GOOG 4.META 5.MU 6.TWTRUSD 7.G0177J 8.PCG 9.NFLX 10.ET
2019-12-31	23	$4.0B	33	1GOOG 2META 3AMZN Top holdings2019-12-31 1.GOOG 2.META 3.AMZN 4.BABA 5.MU 6.G0177J 7.PCG 8.ET 9.CZREUR 10.UNH
2019-09-30	25	$3.4B	100	1GOOG 2META 3AMZN Top holdings2019-09-30 1.GOOG 2.META 3.AMZN 4.AABAUSD 5.MU 6.G0177J 7.BABA 8.PCG 9.CZREUR 10.ET
2019-06-30	27	$9.3B	100	1SPY 2QQQ 3PCG Top holdings2019-06-30 1.SPY 2.QQQ 3.PCG 4.META 5.AMZN 6.GOOG 7.G0177J 8.CZREUR 9.ET 10.UNH
2019-03-31	24	$3.5B	68	1MU2G0177J3PCG Top holdings2019-03-31 1.MU 2.G0177J 3.PCG 4.META 5.AMZN 6.BABA 7.AABAUSD 8.GOOG 9.CZREUR 10.ET
2018-12-31	23	$2.0B	100	1MU 2META3G0177J Top holdings2018-12-31 1.MU 2.META 3.G0177J 4.PCG 5.GOOG 6.AABAUSD 7.ET 8.CZREUR 9.TMUS 10.UNH
2018-09-30	37	$5.7B	53	1MU 2META3G0177J Top holdings2018-09-30 1.MU 2.META 3.G0177J 4.BABA 5.GOOG 6.AABAUSD 7.TMUS 8.PCG 9.LRCXEUR 10.XPO
2018-06-30	49	$8.8B	28	1MU 2META3G0177J Top holdings2018-06-30 1.MU 2.META 3.G0177J 4.BABA 5.AABAUSD 6.GOOG 7.TMUS 8.LRCXEUR 9.BAC 10.WFC
2018-03-31	53	$9.7B	53	1MU 2META 3BABA Top holdings2018-03-31 1.MU 2.META 3.BABA 4.G0177J 5.AABAUSD 6.GOOG 7.BAC 8.LRCXEUR 9.TMUS 10.XPO
2017-12-31	50	$10.7B	72	1MU 2META373935A Top holdings2017-12-31 1.MU 2.META 3.73935A 4.AAPL 5.BABA 6.AABAUSD 7.G0177J 8.BAC 9.EEM 10.GOOG
2017-09-30	48	$7.1B	40	1MU 2BABA 3META Top holdings2017-09-30 1.MU 2.BABA 3.META 4.GOOG 5.G0177J 6.AABAUSD 7.96949L 8.WDC 9.ET 10.NRG
2017-06-30	58	$6.7B	75	1G0177J2GOOG 3BABA Top holdings2017-06-30 1.G0177J 2.GOOG 3.BABA 4.MU 5.96949L 6.META 7.ET 8.AABAUSD 9.73935A 10.WDC
2017-03-31	53	$6.1B	45	1G0177J2ET396949L Top holdings2017-03-31 1.G0177J 2.ET 3.96949L 4.GOOG 5.SPY 6.META 7.PNC 8.BAC 9.MU 10.GM
2016-12-31	54	$5.6B	61	1G0177J2ET 3GOOG Top holdings2016-12-31 1.G0177J 2.ET 3.GOOG 4.96949L 5.META 6.SPY 7.PNC 8.ALL 9.TEVA 10.PFE
2016-09-30	42	$4.4B	54	1SPY 2ET 3GOOG Top holdings2016-09-30 1.SPY 2.ET 3.GOOG 4.96949L 5.G0177J 6.ALL 7.META 8.WHR 9.OC 10.88104R
2016-06-30	37	$3.8B	64	1GOOG 2ET396949L Top holdings2016-06-30 1.GOOG 2.ET 3.96949L 4.G0177J 5.ALL 6.WHR 7.OC 8.SYF 9.MHK 10.LUV
2016-03-31	49	$5.7B	0	1SPY 2ET 3GOOG Top holdings2016-03-31 1.SPY 2.ET 3.GOOG 4.DAL 5.96949L 6.WHR 7.HCA 8.ALL 9.LUV 10.META

Holding changes this quarter

Position changes disclosed by Appaloosa LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AMZN	Amazon.com INC	+7.9%	+98.22%	Add
2	UBER	Uber Technologies INC	+5.5%	+242.31%	Add
3	VST	Vistra CORP	+2.9%	+114.00%	Add
4	TSM	Taiwan Semiconductor-sp Adr	+2.6%	+17.48%	Add
5	EWY	Ishares Msci South Korea ETF	+2.4%	+28.00%	Add
6	MU	Micron Technology INC	+2.3%	-4.86%	Trim
7	GLW	Corning INC	+0.6%	-28.07%	Trim
8	NRG	Nrg Energy INC	+0.5%	+5.76%	Add
9	LRCX	Lam Research CORP	+0.3%	-10.00%	Trim
10	GOOG	Alphabet Inc-cl C	+0.3%	-3.03%	Trim
11	BIDU	Baidu INC - Spon Adr	+0.2%	+20.37%	Add
12	ASML	ASML Holding N.V.	+0.1%	-20.80%	Trim
13	MPLX	Mplx LP	—	-19.93%	Trim
14	ET	Energy Transfer LP	0%	-28.07%	Trim
15	BALL	Ball CORP	-0.1%	-30.25%	Trim
16	LHX	L3harris Technologies INC	-0.1%	-32.88%	Trim
17	RTX	Rtx CORP	-0.2%	-31.60%	Trim
18	NVDA	Nvidia CORP	-0.3%	-13.44%	Trim
19	AMD	Advanced Micro Devices	-0.3%	-31.88%	Trim
20	LYFT	Lyft Inc-a	-0.5%	-28.95%	Trim
21	UNH	Unitedhealth Group INC	-0.5%	-55.00%	Trim
22	JD	Jd.com Inc-adr	-1.1%	-68.61%	Trim
23	PDD	Pdd Holdings INC	-1.4%	-49.30%	Trim
24	META	Meta Platforms Inc-class A	-1.5%	-27.25%	Trim
25	DB	Deutsche Bank Aktiengesellschaft	-1.6%	-91.82%	Trim
26	QCOM	Qualcomm INC	-1.8%	-56.45%	Trim
27	KWEB	Kranesh Csi China Internet	-1.8%	-77.26%	Trim
28	WHR	Whirlpool CORP	-2.3%	-50.13%	Trim
29	MSFT	Microsoft CORP	-2.9%	-82.00%	Trim
30	BABA	Alibaba Group Holding-sp Adr	-3.6%	-32.56%	Trim
31	AAL	American Airlines Group INC	—	EXIT	Sold out
32	SNDK	Sandisk CORP	—	NEW	New buy
33	OC	Owens Corning	—	EXIT	Sold out
34	MHK	Mohawk Industries INC	—	EXIT	Sold out
35	IQV	Iqvia Holdings INC	—	EXIT	Sold out
36	UAL	United Airlines Holdings INC	—	EXIT	Sold out
37	FXI	Ishares China Large-cap ETF	—	EXIT	Sold out
38	DAL	Delta Air Lines INC	—	EXIT	Sold out
39	GT	Goodyear Tire & Rubber Co	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-13	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-10	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-16	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR
2018-09-30	2018-11-14	13F-HR	View on EDGAR
2018-06-30	2018-08-14	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-14	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-05-12	13F-HR	View on EDGAR
2016-12-31	2017-02-14	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-12	13F-HR	View on EDGAR
2016-03-31	2016-05-13	13F-HR	View on EDGAR