13F filer · CIK 1656456 ↗
Appaloosa
You are looking at Q4 2021. See the latest, Q2 2026 →
Reported value
$3.89B
−7.4% on the quarter before
Positions
44
5 new · 12 sold out
Top 10
58.0%
of the value
Est. gain
+$255.3M
on stocks held all quarter
Est. return
+7.8%
on those stocks since Q3 2021
Positions as of Dec 31, 2021, 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 2021. Striped tiles are options.
Largest buys
Since Q3 2021, 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.
- General Mtrs Co~$131.9MNew · 0.0% → 3.4%+2,250,000 shares
- Macys Inc~$81.1MAdded · 3.8% → 6.8%+3,096,160 shares
- Eqt Corp~$44.5MAdded · 1.4% → 2.7%+2,039,853 shares
- Nordstrom Inc~$31.0MNew · 0.0% → 0.8%+1,369,907 shares
- Dicks Sporting Goods Inc~$20.5MNew · 0.0% → 0.5%+178,072 shares
- Energy Transfer L P~$18.8MAdded · 2.3% → 2.6%+2,283,688 shares
- Gap Inc~$8.7MNew · 0.0% → 0.2%+494,032 shares
- Kohls Corp~$7.4MAdded · 1.7% → 2.1%+150,000 shares
- Foot Locker Inc~$7.2MNew · 0.0% → 0.2%+165,938 shares
- Mosaic Co New~$982,250Added · 2.0% → 2.4%+25,000 shares
Largest sells
Since Q3 2021, 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.
- T-Mobile Us Inc~$147.2MCut · 7.7% → 3.8%−1,269,008 shares
- Hca Healthcare Inc~$93.9MSold out · 2.2% → 0.0%−387,000 shares
- Alibaba~$77.7MSold out · 1.9% → 0.0%−525,000 shares
- Twitter Inc~$74.6MSold out · 1.8% → 0.0%−1,235,000 shares
- Uber~$72.3MCut · 2.1% → 0.2%−1,725,500 shares
- Paysafe Limited~$65.9MSold out · 1.6% → 0.0%−8,500,000 shares
- Qualcomm~$63.2MSold out · 1.5% → 0.0%−490,000 shares
- Visa Inc.~$58.5MSold out · 1.4% → 0.0%−262,500 shares
- Mastercard~$45.9MSold out · 1.1% → 0.0%−132,000 shares
- Alight Inc~$40.1MCut · 2.2% → 1.2%−3,705,205 shares
Holdings
As of Dec 31, 2021. Changes are in shares against Sep 30, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AlphabetCAP STK CL C · shares −8.2% · price +8.6% | 10.0% | $390.6M | +$30.8M | ||||||||
| MetaCL A · shares −3.7% · price −0.9% | 9.5% | $370.0M | −$3.3M | ||||||||
| Macys IncCOM · shares +44% · price +15.8% | 6.8% | $264.3M | +$25.1M | ||||||||
| MicronCOM · shares 0% · price +31.2% | 6.6% | $256.2M | +$61.0M | ||||||||
| AmazonCOM · shares 0% · price +1.5% | 6.0% | $233.4M | +$3.5M | ||||||||
| Occidental Pete CorpCOM · shares −0.6% · price −2.0% | 4.9% | $191.3M | −$3.9M | ||||||||
| Pg&E CorpCOM · shares −6.5% · price +26.5% | 3.9% | $151.8M | +$31.8M | ||||||||
| T-Mobile Us IncCOM · shares −50% · price −9.2% | 3.8% | $148.0M | −$15.0M | ||||||||
| General Mtrs CoCOM · shares New | 3.4% | $131.9M | — | ||||||||
| Select Sector SPDR TrENERGY · shares −2.7% · price +6.5% | 3.1% | $119.3M | +$7.3M | ||||||||
| D R Horton IncCOM · shares −7.9% · price +29.2% | 3.1% | $119.3M | +$26.9M | ||||||||
| Goodyear Tire & Rubr CoCOM · shares −1.0% · price +20.5% | 2.8% | $109.8M | +$18.6M | ||||||||
| Eqt CorpCOM · shares +72% · price +6.6% | 2.7% | $106.6M | +$3.8M | ||||||||
| Energy Transfer L PCOM UT LTD PTN · shares +23% · price −14.1% | 2.6% | $102.0M | −$13.6M | ||||||||
| MicrosoftCOM · shares 0% · price +19.3% | 2.6% | $100.1M | +$16.2M | ||||||||
| SPDR Ser TrS&P OILGAS EXP · shares −1.0% · price −0.9% | 2.5% | $95.9M | −$849,802 | ||||||||
| Mosaic Co NewCOM · shares +1.1% · price +10.0% | 2.4% | $94.3M | +$8.5M | ||||||||
| Unitedhealth Group IncCOM · shares 0% · price +28.5% | 2.3% | $89.9M | +$19.9M | ||||||||
| Pulte Group IncCOM · shares −5.8% · price +24.5% | 2.1% | $82.9M | +$16.3M | ||||||||
| Kohls CorpCOM · shares +10% · price +4.9% | 2.1% | $81.5M | +$3.5M | ||||||||
| Freeport-McMoRanCL B · shares −2.6% · price +28.3% | 2.0% | $77.2M | +$17.0M | ||||||||
| Sysco CorpCOM · shares 0% · price +0.1% | 1.7% | $66.0M | +$42,000 | ||||||||
| Carmax IncCOM · shares 0% · price +1.8% | 1.3% | $51.0M | +$889,000 | ||||||||
| Antero Resources CorpCOM · shares 0% · price −7.0% | 1.3% | $49.8M | −$3.7M | ||||||||
| Alight IncCOM CL A · shares −46% · price −5.8% | 1.2% | $46.4M | −$2.9M | ||||||||
| Total · 44 positions | 100% | $3.89B | +$255.3M |
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 2021 to Q4 2021: 39 stocks held throughout, up $255.3M (+7.8%).
- Micron+$61.0M+31%
- Pg&E Corp+$31.8M+26%
- Alphabet+$30.8M+9%
- D R Horton Inc+$26.9M+29%
- Macys Inc+$25.1M+16%
- Antero Resources Corp−$3.7M−7%
- Occidental Pete Corp−$3.9M−2%
- Alliance Data Systems Corp−$5.7M−34%
- Energy Transfer L P−$13.6M−14%
- T-Mobile Us Inc−$15.0M−9%
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 ↗ |