Appaloosa 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Appaloosa disclosed 38 US equity positions worth $6.4bn in its Q2 2025 13F filing. The largest position was BABA at 12.4% of the reported book, followed by UNH and AMZN. Against the Q1 2025 filing, it opened 8 new positions, added to 8 and reduced 16 among the top 38 holdings.
What did Appaloosa own in Q2 2025? Top 38 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 12.4% | $801.5m | 7,067,271 | -23% | reduced |
| 2 | UNH UNITEDHEALTH GROUP INC | Healthcare | 11.9% | $764.3m | 2,450,000 | 1300% | added |
| 3 | AMZN AMAZON COM INC | Consumer Cyclical | 9.2% | $592.4m | 2,700,000 | 8% | added |
| 4 | VST VISTRA CORP | Utilities | 5.4% | $348.9m | 1,800,000 | -22% | reduced |
| 5 | NRG NRG ENERGY INC | Utilities | 4.9% | $317.9m | 1,980,000 | -3% | reduced |
| 6 | META META PLATFORMS INC | Communication Services | 4.6% | $295.2m | 400,000 | -27% | reduced |
| 7 | NVDA NVIDIA CORPORATION | Technology | 4.3% | $276.5m | 1,750,000 | 483% | added |
| 8 | GOOG ALPHABET INC | Communication Services | 4.1% | $266.1m | 1,500,000 | -25% | reduced |
| 9 | UBER UBER TECHNOLOGIES INC | Technology | 4.0% | $256.6m | 2,750,000 | -14% | reduced |
| 10 | MSFT MICROSOFT CORP | Technology | 3.9% | $248.7m | 500,000 | -2% | reduced |
| 11 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 3.6% | $232.2m | 1,025,000 | 280% | added |
| 12 | JD JD.COM INC | Consumer Cyclical | 3.5% | $228.5m | 7,000,000 | -13% | reduced |
| 13 | PDD PDD HOLDINGS INC | Consumer Cyclical | 3.2% | $209.3m | 2,000,000 | -54% | reduced |
| 14 | INTC INTEL CORP | Technology | 2.8% | $179.2m | 8,000,000 | – | new |
| 15 | KWEB KRANESHARES TRUST | 2.1% | $137.3m | 4,000,000 | 0% | held | |
| 16 | LYFT LYFT INC | Technology | 2.0% | $126.1m | 8,000,000 | -11% | reduced |
| 17 | DEUTSCHE BANK A G | 1.8% | $117.1m | 4,000,000 | 7% | added | |
| 18 | MU MICRON TECHNOLOGY INC | Technology | 1.6% | $101.7m | 825,000 | 106% | added |
| 19 | GLW CORNING INC | Technology | 1.4% | $92.0m | 1,750,000 | 0% | held |
| 20 | ET ENERGY TRANSFER L P | Energy | 1.4% | $89.9m | 4,957,235 | 0% | held |
| 21 | LHX L3HARRIS TECHNOLOGIES INC | Industrials | 1.4% | $87.8m | 350,000 | 17% | added |
| 22 | RTX RTX CORPORATION | Industrials | 1.3% | $85.4m | 585,000 | – | new |
| 23 | CZR CAESARS ENTERTAINMENT INC NE | Consumer Cyclical | 0.9% | $59.6m | 2,100,000 | -5% | reduced |
| 24 | ASML ASML HOLDING N V | Technology | 0.9% | $56.1m | 70,000 | 0% | held |
| 25 | QCOM QUALCOMM INC | Technology | 0.9% | $55.7m | 350,000 | 0% | held |
| 26 | BIDU BAIDU INC | Communication Services | 0.8% | $53.6m | 625,000 | -19% | reduced |
| 27 | IQV IQVIA HLDGS INC | Healthcare | 0.7% | $47.3m | 300,000 | – | new |
| 28 | UAL UNITED AIRLS HLDGS INC | Industrials | 0.7% | $43.8m | 550,000 | – | new |
| 29 | XYZ BLOCK INC | Technology | 0.7% | $43.6m | 641,800 | 756% | added |
| 30 | LRCX LAM RESEARCH CORP | Technology | 0.6% | $38.9m | 400,000 | -20% | reduced |
| 31 | FXI ISHARES TR | 0.6% | $36.8m | 1,000,000 | -82% | reduced | |
| 32 | ORCL ORACLE CORP | Technology | 0.5% | $32.8m | 150,000 | -79% | reduced |
| 33 | MPLX MPLX LP | 0.5% | $29.8m | 578,500 | 0% | held | |
| 34 | DAL DELTA AIR LINES INC DEL | Industrials | 0.4% | $27.0m | 550,000 | – | new |
| 35 | WHR WHIRLPOOL CORP | Consumer Cyclical | 0.4% | $27.0m | 266,092 | – | new |
| 36 | BEKE KE HLDGS INC | Real Estate | 0.4% | $26.6m | 1,500,000 | -21% | reduced |
| 37 | GT GOODYEAR TIRE & RUBR CO | Consumer Cyclical | 0.1% | $8.9m | 861,782 | – | new |
| 38 | MHK MOHAWK INDS INC | Consumer Cyclical | 0.1% | $6.8m | 65,000 | – | 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.