Appaloosa 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Appaloosa disclosed 35 US equity positions worth $5.6bn in its Q1 2025 13F filing. The largest position was BABA at 21.9% of the reported book, followed by PDD and AMZN. Against the Q4 2024 filing, it opened 4 new positions, added to 7 and reduced 21 among the top 35 holdings.
What did Appaloosa own in Q1 2025? Top 35 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 21.9% | $1.2bn | 9,230,000 | -22% | reduced |
| 2 | PDD PDD HOLDINGS INC | Consumer Cyclical | 9.3% | $517.2m | 4,370,000 | -18% | reduced |
| 3 | AMZN AMAZON COM INC | Consumer Cyclical | 8.6% | $477.6m | 2,510,000 | -3% | reduced |
| 4 | JD JD.COM INC | Consumer Cyclical | 5.9% | $331.0m | 8,050,000 | -23% | reduced |
| 5 | META META PLATFORMS INC | Communication Services | 5.7% | $317.0m | 550,000 | 12% | added |
| 6 | GOOG ALPHABET INC | Communication Services | 5.6% | $314.0m | 2,010,000 | 7% | added |
| 7 | VST VISTRA CORP | Utilities | 4.9% | $270.1m | 2,300,000 | -15% | reduced |
| 8 | UBER UBER TECHNOLOGIES INC | Technology | 4.2% | $233.2m | 3,200,000 | 113% | added |
| 9 | FXI ISHARES TR | 3.6% | $200.7m | 5,600,000 | -16% | reduced | |
| 10 | NRG NRG ENERGY INC | Utilities | 3.5% | $195.7m | 2,050,000 | 13% | added |
| 11 | MSFT MICROSOFT CORP | Technology | 3.4% | $191.4m | 510,000 | -47% | reduced |
| 12 | KWEB KRANESHARES TRUST | 2.5% | $139.6m | 4,000,000 | -13% | reduced | |
| 13 | LYFT LYFT INC | Technology | 1.9% | $106.8m | 9,000,000 | -33% | reduced |
| 14 | ORCL ORACLE CORP | Technology | 1.8% | $97.9m | 700,000 | -50% | reduced |
| 15 | ET ENERGY TRANSFER L P | Energy | 1.7% | $92.2m | 4,957,235 | 1% | added |
| 16 | UNH UNITEDHEALTH GROUP INC | Healthcare | 1.6% | $91.7m | 175,000 | 0% | held |
| 17 | DEUTSCHE BANK A G | 1.6% | $89.4m | 3,750,000 | – | new | |
| 18 | GLW CORNING INC | Technology | 1.4% | $79.8m | 1,743,629 | 16% | added |
| 19 | BIDU BAIDU INC | Communication Services | 1.3% | $71.3m | 775,000 | -49% | reduced |
| 20 | LHX L3HARRIS TECHNOLOGIES INC | Industrials | 1.1% | $62.8m | 300,000 | – | new |
| 21 | CZR CAESARS ENTERTAINMENT INC NE | Consumer Cyclical | 1.0% | $55.0m | 2,200,000 | 0% | held |
| 22 | QCOM QUALCOMM INC | Technology | 1.0% | $53.8m | 350,000 | -56% | reduced |
| 23 | ASML ASML HOLDING N V | Technology | 0.8% | $46.4m | 70,000 | -56% | reduced |
| 24 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.8% | $44.8m | 270,000 | 8% | added |
| 25 | BEKE KE HLDGS INC | Real Estate | 0.7% | $38.2m | 1,900,000 | -26% | reduced |
| 26 | LRCX LAM RESEARCH CORP | Technology | 0.7% | $36.4m | 500,000 | -60% | reduced |
| 27 | MU MICRON TECHNOLOGY INC | Technology | 0.6% | $34.8m | 400,000 | -67% | reduced |
| 28 | NVDA NVIDIA CORPORATION | Technology | 0.6% | $32.5m | 300,000 | -56% | reduced |
| 29 | MPLX MPLX LP | 0.6% | $31.0m | 578,500 | 0% | held | |
| 30 | WYNN WYNN RESORTS LTD | Consumer Cyclical | 0.5% | $26.7m | 320,000 | -36% | reduced |
| 31 | LVS LAS VEGAS SANDS CORP | Consumer Cyclical | 0.4% | $22.8m | 590,000 | -34% | reduced |
| 32 | AVGO BROADCOM INC | Technology | 0.4% | $21.8m | 130,000 | – | new |
| 33 | EXPAND ENERGY CORPORATION | 0.2% | $12.3m | 117,321 | -53% | reduced | |
| 34 | EXPAND ENERGY CORPORATION | 0.1% | $6.5m | 65,398 | -56% | reduced | |
| 35 | XYZ BLOCK INC | Technology | 0.1% | $4.1m | 75,000 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.