13F filer · CIK 1656456 ↗
Appaloosa
You are looking at Q4 2019. See the latest, Q2 2026 →
Reported value
$3.98B
+17% on the quarter before
Positions
23
2 new · 4 sold out
Top 10
86.8%
of the value
Est. gain
+$390.9M
on stocks held all quarter
Est. return
+12.9%
on those stocks since Q3 2019
Positions as of Dec 31, 2019, from Appaloosa's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
Each tile is a position, sized by its share, colored by what the fund did with it since Q3 2019. Striped tiles are options.
Largest buys
Since Q3 2019, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Alibaba~$233.3MAdded · 6.4% → 12.8%+1,100,000 shares
- Micron~$112.9MAdded · 7.5% → 10.9%+2,100,000 shares
- Energy Transfer Lp~$68.9MAdded · 2.2% → 3.6%+5,374,026 shares
- Amazon~$49.0MAdded · 13.5% → 13.5%+26,500 shares
- Intelsat S A~$20.3MNew · 0.0% → 0.5%+2,885,019 shares
- Unitedhealth Group Inc~$14.7MAdded · 1.6% → 2.2%+50,000 shares
- Adobe~$11.5MAdded · 1.7% → 2.0%+35,000 shares
- Broadcom~$2.9MNew · 0.0% → 0.1%+2,500 shares
Largest sells
Since Q3 2019, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Altaba Inc~$269.6MSold out · 7.9% → 0.0%−13,838,684 shares
- SPDR Series Trust~$24.6MSold out · 0.7% → 0.0%−1,100,000 shares
- Caesars Entmt Corp~$15.6MCut · 3.8% → 3.4%−1,150,000 shares
- Boeing Co~$11.4MSold out · 0.3% → 0.0%−30,000 shares
- Pg&E Corp~$7.7MCut · 5.3% → 4.8%−710,523 shares
- Mr Cooper Group Inc~$6.9MSold out · 0.2% → 0.0%−652,500 shares
- Alphabet~$6.6MCut · 15.9% → 14.8%−4,900 shares
- Clearway Energy Inc~$3.1MCut · 0.3% → 0.2%−154,000 shares
- Clearway Energy Inc~$736,077Cut · 0.1% → 0.1%−38,500 shares
- Broadcom~$32,234Cut · 2.2% → 2.2%−102 shares
Holdings
As of Dec 31, 2019. Changes are in shares against Sep 30, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AlphabetCAP STK CL C · shares −1.1% · price +9.7% | 14.8% | $588.3M | +$51.9M | ||||||||
| MetaCL A · shares 0% · price +15.3% | 14.6% | $579.8M | +$76.8M | ||||||||
| AmazonCOM · shares +10% · price +6.4% | 13.5% | $538.6M | +$29.7M | ||||||||
| AlibabaSPONSORED ADS · shares +85% · price +26.8% | 12.8% | $509.0M | +$58.3M | ||||||||
| MicronCOM · shares +35% · price +25.5% | 10.9% | $435.6M | +$65.6M | ||||||||
| Allergan PlcSHS · shares 0% · price +13.6% | 6.2% | $247.6M | +$29.6M | ||||||||
| Pg&E CorpCOM · shares −3.9% · price +8.7% | 4.8% | $189.1M | +$15.1M | ||||||||
| Energy Transfer LpCOM UT LTD PTN · shares +92% · price −1.9% | 3.6% | $144.1M | −$1.5M | ||||||||
| Caesars Entmt CorpCOM · shares −10% · price +16.6% | 3.4% | $136.7M | +$19.5M | ||||||||
| Unitedhealth Group IncCOM · shares +20% · price +35.3% | 2.2% | $88.2M | +$19.2M | ||||||||
| BroadcomCOM · shares −0.04% · price +14.5% | 2.2% | $86.9M | +$11.0M | ||||||||
| SalesforceCOM · shares 0% · price +9.6% | 2.0% | $81.3M | +$7.1M | ||||||||
| AdobeCOM · shares +17% · price +19.4% | 2.0% | $79.2M | +$11.0M | ||||||||
| Alps ETF TrALERIAN MLP · shares 0% · price −7.0% | 1.4% | $55.7M | −$4.2M | ||||||||
| T Mobile Us IncCOM · shares 0% · price −0.4% | 1.4% | $54.9M | −$245,000 | ||||||||
| VistraCOM · shares 0% · price −14.0% | 0.99% | $39.5M | −$6.4M | ||||||||
| Caesars Entmt CorpNOTE 5.000%10/0 · shares 0% · price +12.3% | 0.97% | $38.8M | — | ||||||||
| Humana IncCOM · shares 0% · price +43.4% | 0.69% | $27.5M | +$8.3M | ||||||||
| Cheniere Energy IncCOM NEW · shares 0% · price −3.2% | 0.63% | $25.0M | −$816,000 | ||||||||
| Intelsat S ACOM · shares New | 0.51% | $20.3M | — | ||||||||
| Clearway Energy IncCL C · shares −26% · price +9.3% | 0.22% | $8.8M | +$753,594 | ||||||||
| Broadcom8% CNV PFD SER A · shares New | 0.07% | $2.9M | — | ||||||||
| Clearway Energy IncCL A · shares −22% · price +10.3% | 0.07% | $2.6M | +$242,625 | ||||||||
| Total · 23 positions | 100% | $3.98B | +$390.9M |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q3 2019 to Q4 2019: 20 stocks held throughout, up $390.9M (+12.9%).
- Meta+$76.8M+15%
- Micron+$65.6M+26%
- Alibaba+$58.3M+27%
- Alphabet+$51.9M+10%
- Amazon+$29.7M+6%
- T Mobile Us Inc−$245,000−0%
- Cheniere Energy Inc−$816,000−3%
- Energy Transfer Lp−$1.5M−2%
- Alps ETF Tr−$4.2M−7%
- Vistra−$6.4M−14%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $7.73B+30% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $5.93B−14% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $6.93B−6% | SEC ↗ |
| Q3 2025 | Nov 13, 2025 | $7.38B+14% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $6.45B−23% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $8.38B+30% | SEC ↗ |
| Q4 2024 | Feb 10, 2025 | $6.46B−4% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $6.73B+9% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $6.18B−9% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $6.75B+17% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $5.79B+14% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $5.07B−6% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $5.39B+185% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $1.89B+40% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $1.35B−1% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $1.36B−15% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $1.59B−36% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $2.50B−36% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $3.89B−7% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $4.20B−13% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $4.83B−31% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $6.96B+4% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $6.69B+18% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $5.66B−2% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $5.76B+76% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $3.27B−18% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $3.98B+17% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $3.41B−63% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 | $9.26B+165% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $3.49B+72% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $2.02B−64% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $5.69B−35% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $8.78B−10% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $9.72B−9% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $10.73B+51% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $7.12B+6% | SEC ↗ |
| Q2 2017 | Aug 14, 2017 | $6.74B+11% | SEC ↗ |
| Q1 2017 | May 12, 2017 | $6.09B+8% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $5.64B+28% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $4.40B+16% | SEC ↗ |
| Q2 2016 | Aug 12, 2016 | $3.80B−33% | SEC ↗ |
| Q1 2016 | May 13, 2016 | $5.66B | SEC ↗ |