What David Tepper Bought and Sold in Q2 2026

As of the Q2 2026 13F, filed 14 August 2026

Appaloosa LP, led by David Tepper, significantly increased its exposure to Amazon (AMZN) during the second quarter of 2026, adding 680 thousand shares, a 15.7% increase. This move made AMZN the largest reported position, accounting for 15.43% of the reported total value. The filing also revealed a substantial reduction in Micron Technology (MU) shares.

Notable Buys

The fund initiated several new positions, including 7.5 million shares of American Airlines (AAL), representing 1.75% of the reported total. Goodyear Tire & Rubber (GT) was another new addition with 1.5 million shares, making up 0.13% of the reported total. Appaloosa also established a new position in CrowdStrike Holdings (CRWV) with 1.1 million shares, accounting for 1.39% of the reported total. A new position was taken in Apple (AAPL) via a put option, representing a notional value of 835 thousand shares and 3.13% of the reported total, indicating a position against the company. Boeing (BA) was a new addition with 800 thousand shares, making up 2.24% of the reported total.

Among existing holdings, Appaloosa increased its stake in Uber Technologies (UBER) by 1.4 million shares, a 21.5% increase, bringing its share to 7.19% of the reported total. Baidu (BIDU) saw an increase of 603 thousand shares, an 87.1% change, now representing 1.92% of the reported total. Taiwan Semiconductor Manufacturing (TSM) was increased by 323 thousand shares, a 24.3% change, accounting for 10.2% of the reported total. Alphabet (GOOG) saw an addition of 117 thousand shares, a 6.8% increase, making up 8.46% of the reported total. The fund also added 25 thousand shares of iShares Inc (ISHARES INC), a 1% increase, which now accounts for 6.34% of the reported total.

Notable Sells

Appaloosa fully exited its position in Lyft (LYFT), selling all 2.7 million shares. The fund also exited its entire 1.3 million share position in JD.com (JD). Other complete exits included 1.1 million shares of Corning (GLW), 1.1 million shares of KraneShares Trust (KRANESHARES TRUST), 900 thousand shares of PDD Holdings (PDD), and 837 thousand shares of Ball Corporation (BALL).

Significant reductions were made in Alibaba (BABA), with 1.5 million shares sold, a 42.3% reduction, leaving it at 2.48% of the reported total. Whirlpool (WHR) saw a reduction of 1.2 million shares, a 63.3% decrease, now representing 0.36% of the reported total. Micron Technology (MU) was reduced by 690 thousand shares, a 41.4% decrease, but still accounts for 14.57% of the reported total.

Portfolio Concentration

The reported total value of Appaloosa LP's portfolio was $7.73 billion across 27 positions. The top six reported positions accounted for a significant portion of the total. Amazon (AMZN) was the largest at 15.43%, followed by Micron Technology (MU) at 14.57%. Taiwan Semiconductor Manufacturing (TSM) represented 10.2% of the total, while Alphabet (GOOG) accounted for 8.46%. Uber Technologies (UBER) made up 7.19%, and iShares Inc (ISHARES INC) was 6.34% of the reported total. Options, specifically two put options, represented 3.29% of the reported total notional value.

A 13F filing provides a snapshot of a fund's equity holdings as of the end of a quarter, with this report covering positions as of June 30, 2026, and filed on August 14, 2026.