Appaloosa 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Appaloosa disclosed 45 US equity positions worth $7.4bn in its Q3 2025 13F filing. The largest position was BABA at 15.6% of the reported book, followed by AMZN and WHR. Against the Q2 2025 filing, it opened 10 new positions, added to 9 and reduced 24 among the top 45 holdings.
What did Appaloosa own in Q3 2025? Top 45 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 15.6% | $1.2bn | 6,450,000 | -9% | reduced |
| 2 | AMZN AMAZON COM INC | Consumer Cyclical | 7.4% | $548.9m | 2,500,000 | -7% | reduced |
| 3 | WHR WHIRLPOOL CORP | Consumer Cyclical | 5.9% | $432.3m | 5,500,000 | 1967% | added |
| 4 | NVDA NVIDIA CORPORATION | Technology | 4.8% | $354.5m | 1,900,000 | 9% | added |
| 5 | GOOG ALPHABET INC | Communication Services | 4.6% | $337.9m | 1,387,500 | -7% | reduced |
| 6 | KWEB KRANESHARES TRUST | 4.2% | $310.9m | 7,400,000 | 85% | added | |
| 7 | NRG NRG ENERGY INC | Utilities | 4.1% | $302.8m | 1,870,000 | -6% | reduced |
| 8 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 4.0% | $296.0m | 1,060,000 | 3% | added |
| 9 | META META PLATFORMS INC | Communication Services | 3.7% | $271.7m | 370,000 | -7% | reduced |
| 10 | VST VISTRA CORP | Utilities | 3.3% | $243.9m | 1,245,000 | -31% | reduced |
| 11 | MSFT MICROSOFT CORP | Technology | 3.2% | $239.6m | 462,500 | -7% | reduced |
| 12 | PDD PDD HOLDINGS INC | Consumer Cyclical | 3.2% | $237.9m | 1,800,000 | -10% | reduced |
| 13 | UBER UBER TECHNOLOGIES INC | Technology | 3.2% | $235.8m | 2,406,983 | -12% | reduced |
| 14 | JD JD.COM INC | Consumer Cyclical | 2.9% | $217.8m | 6,225,000 | -11% | reduced |
| 15 | QCOM QUALCOMM INC | Technology | 2.8% | $207.1m | 1,245,000 | 256% | added |
| 16 | AMD ADVANCED MICRO DEVICES INC | Technology | 2.1% | $153.7m | 950,000 | – | new |
| 17 | BIDU BAIDU INC | Communication Services | 1.9% | $137.7m | 1,045,000 | 67% | added |
| 18 | DEUTSCHE BANK A G | 1.8% | $134.2m | 3,790,000 | -5% | reduced | |
| 19 | GLW CORNING INC | Technology | 1.8% | $133.3m | 1,625,000 | -7% | reduced |
| 20 | LYFT LYFT INC | Technology | 1.7% | $123.3m | 5,600,000 | -30% | reduced |
| 21 | FISV FISERV INC | 1.6% | $119.3m | 925,000 | – | new | |
| 22 | AAL AMERICAN AIRLS GROUP INC | Industrials | 1.4% | $104.0m | 9,250,000 | – | new |
| 23 | LHX L3HARRIS TECHNOLOGIES INC | Industrials | 1.2% | $91.6m | 300,000 | -14% | reduced |
| 24 | RTX RTX CORPORATION | Industrials | 1.2% | $85.3m | 509,500 | -13% | reduced |
| 25 | ET ENERGY TRANSFER L P | Energy | 1.2% | $85.1m | 4,957,235 | 0% | held |
| 26 | MU MICRON TECHNOLOGY INC | Technology | 1.1% | $83.7m | 500,000 | -39% | reduced |
| 27 | UNH UNITEDHEALTH GROUP INC | Healthcare | 1.0% | $70.3m | 203,500 | -92% | reduced |
| 28 | TFC TRUIST FINL CORP | Financial Services | 0.9% | $63.4m | 1,387,500 | – | new |
| 29 | ASML ASML HOLDING N V | Technology | 0.8% | $62.0m | 64,000 | -9% | reduced |
| 30 | CZR CAESARS ENTERTAINMENT INC NE | Consumer Cyclical | 0.8% | $56.8m | 2,100,000 | 0% | held |
| 31 | IQV IQVIA HLDGS INC | Healthcare | 0.7% | $54.1m | 285,000 | -5% | reduced |
| 32 | LRCX LAM RESEARCH CORP | Technology | 0.7% | $49.5m | 370,000 | -7% | reduced |
| 33 | FXI ISHARES TR | 0.6% | $45.7m | 1,110,000 | 11% | added | |
| 34 | UAL UNITED AIRLS HLDGS INC | Industrials | 0.6% | $44.6m | 462,500 | -16% | reduced |
| 35 | GT GOODYEAR TIRE & RUBR CO | Consumer Cyclical | 0.5% | $38.4m | 5,140,000 | 496% | added |
| 36 | KEY KEYCORP | Financial Services | 0.5% | $37.8m | 2,020,000 | – | new |
| 37 | CFG CITIZENS FINL GROUP INC | Financial Services | 0.4% | $31.9m | 600,000 | – | new |
| 38 | CMA COMERICA INC | 0.4% | $31.7m | 462,500 | – | new | |
| 39 | XYZ BLOCK INC | Technology | 0.4% | $26.7m | 370,000 | -42% | reduced |
| 40 | MPLX MPLX LP | 0.4% | $26.7m | 535,000 | -8% | reduced | |
| 41 | DAL DELTA AIR LINES INC DEL | Industrials | 0.4% | $26.2m | 462,500 | -16% | reduced |
| 42 | OC OWENS CORNING NEW | Industrials | 0.3% | $22.8m | 161,500 | – | new |
| 43 | MHK MOHAWK INDS INC | Consumer Cyclical | 0.3% | $20.8m | 161,500 | 148% | added |
| 44 | WAL WESTERN ALLIANCE BANCORP | Financial Services | 0.2% | $16.9m | 195,000 | – | new |
| 45 | ZION ZIONS BANCORPORATION N A | Financial Services | 0.2% | $16.1m | 285,000 | – | 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.