Appaloosa 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Appaloosa disclosed 38 US equity positions worth $6.9bn in its Q4 2025 13F filing. The largest position was BABA at 11.0% of the reported book, followed by GOOG and AMZN. Against the Q3 2025 filing, it opened 2 new positions, added to 12 and reduced 24 among the top 38 holdings.
What did Appaloosa own in Q4 2025? Top 38 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 11.0% | $753.1m | 5,137,931 | -20% | reduced |
| 2 | GOOG ALPHABET INC | Communication Services | 8.2% | $560.7m | 1,786,931 | 29% | added |
| 3 | AMZN AMAZON COM INC | Consumer Cyclical | 7.3% | $503.0m | 2,179,391 | -13% | reduced |
| 4 | MU MICRON TECHNOLOGY INC | Technology | 6.2% | $428.1m | 1,500,000 | 200% | added |
| 5 | META META PLATFORMS INC | Communication Services | 5.8% | $396.1m | 600,000 | 62% | added |
| 6 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 5.0% | $343.4m | 1,130,000 | 7% | added |
| 7 | NVDA NVIDIA CORPORATION | Technology | 4.6% | $317.1m | 1,700,000 | -11% | reduced |
| 8 | WHR WHIRLPOOL CORP | Consumer Cyclical | 4.1% | $282.1m | 3,910,000 | -29% | reduced |
| 9 | NRG NRG ENERGY INC | Utilities | 3.8% | $261.2m | 1,640,000 | -12% | reduced |
| 10 | MSFT MICROSOFT CORP | Technology | 3.5% | $241.8m | 500,000 | 8% | added |
| 11 | AAL AMERICAN AIRLS GROUP INC | Industrials | 3.2% | $216.9m | 14,150,000 | 53% | added |
| 12 | PDD PDD HOLDINGS INC | Consumer Cyclical | 2.9% | $201.3m | 1,775,000 | -1% | reduced |
| 13 | QCOM QUALCOMM INC | Technology | 2.9% | $195.9m | 1,145,000 | -8% | reduced |
| 14 | EWY ISHARES INC | 2.7% | $182.3m | 1,875,000 | – | new | |
| 15 | KWEB KRANESHARES TRUST | 2.4% | $161.7m | 4,750,000 | -36% | reduced | |
| 16 | VST VISTRA CORP | Utilities | 2.2% | $152.5m | 945,000 | -24% | reduced |
| 17 | UBER UBER TECHNOLOGIES INC | Technology | 2.2% | $151.2m | 1,850,000 | -23% | reduced |
| 18 | GLW CORNING INC | Technology | 2.0% | $137.5m | 1,570,200 | -3% | reduced |
| 19 | DEUTSCHE BANK A G | 1.8% | $121.5m | 3,150,000 | -17% | reduced | |
| 20 | JD JD.COM INC | Consumer Cyclical | 1.7% | $119.3m | 4,157,046 | -33% | reduced |
| 21 | OC OWENS CORNING NEW | Industrials | 1.6% | $106.3m | 950,000 | 488% | added |
| 22 | RTX RTX CORPORATION | Industrials | 1.3% | $91.7m | 500,000 | -2% | reduced |
| 23 | LHX L3HARRIS TECHNOLOGIES INC | Industrials | 1.3% | $86.6m | 295,000 | -2% | reduced |
| 24 | BIDU BAIDU INC | Communication Services | 1.1% | $75.1m | 575,000 | -45% | reduced |
| 25 | MHK MOHAWK INDS INC | Consumer Cyclical | 1.1% | $73.8m | 675,000 | 318% | added |
| 26 | LYFT LYFT INC | Technology | 1.1% | $73.6m | 3,800,000 | -32% | reduced |
| 27 | LRCX LAM RESEARCH CORP | Technology | 1.1% | $72.8m | 425,000 | 15% | added |
| 28 | AMD ADVANCED MICRO DEVICES INC | Technology | 1.0% | $69.6m | 325,000 | -66% | reduced |
| 29 | ASML ASML HOLDING N V | Technology | 1.0% | $66.9m | 62,500 | -2% | reduced |
| 30 | UNH UNITEDHEALTH GROUP INC | Healthcare | 1.0% | $66.0m | 200,000 | -2% | reduced |
| 31 | BALL BALL CORP | Consumer Cyclical | 0.9% | $63.6m | 1,200,000 | – | new |
| 32 | IQV IQVIA HLDGS INC | Healthcare | 0.9% | $63.1m | 280,000 | -2% | reduced |
| 33 | UAL UNITED AIRLS HLDGS INC | Industrials | 0.8% | $52.0m | 465,000 | 1% | added |
| 34 | FXI ISHARES TR | 0.6% | $41.6m | 1,087,500 | -2% | reduced | |
| 35 | ET ENERGY TRANSFER L P | Energy | 0.5% | $36.1m | 2,191,250 | -56% | reduced |
| 36 | MPLX MPLX LP | 0.5% | $33.5m | 627,500 | 17% | added | |
| 37 | DAL DELTA AIR LINES INC DEL | Industrials | 0.5% | $33.0m | 475,000 | 3% | added |
| 38 | GT GOODYEAR TIRE & RUBR CO | Consumer Cyclical | 0.3% | $21.9m | 2,500,000 | -51% | reduced |
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.