13F filer · CIK 1656456 ↗
Appaloosa
You are looking at Q3 2023. See the latest, Q2 2026 →
Reported value
$5.07B
−6.0% on the quarter before
Positions
32
1 new · 8 sold out
Top 10
72.3%
of the value
Est. gain
+$31.5M
on stocks held all quarter
Est. return
+0.7%
on those stocks since Q2 2023
Positions as of Sep 30, 2023, 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 Q2 2023. Striped tiles are options.
Largest buys
Since Q2 2023, 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.
- Meta~$134.3MAdded · 8.0% → 11.6%+447,500 shares
- Microsoft~$124.7MAdded · 7.8% → 10.2%+395,000 shares
- Amazon~$74.7MAdded · 7.6% → 9.4%+587,500 shares
- PDD Holdings~$63.7MAdded · 1.0% → 2.7%+650,000 shares
- Alphabet~$58.0MAdded · 5.2% → 7.2%+440,000 shares
- Ke Hldgs Inc~$37.2MNew · 0.0% → 0.7%+2,400,000 shares
- Caesars Entertainment Inc Ne~$13.4MAdded · 1.2% → 1.4%+290,000 shares
- Uber~$4.6MAdded · 5.7% → 6.6%+100,000 shares
- Nvidia~$2.2MAdded · 8.0% → 8.8%+5,000 shares
Largest sells
Since Q2 2023, 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.
- Marvell Technology Inc~$104.6MSold out · 1.9% → 0.0%−1,750,000 shares
- Broadcom~$104.1MSold out · 1.9% → 0.0%−120,000 shares
- Apple~$93.1MSold out · 1.7% → 0.0%−480,000 shares
- Baidu~$82.0MCut · 3.2% → 1.8%−610,000 shares
- Alibaba~$75.9MCut · 6.9% → 6.2%−875,000 shares
- TSMC~$67.3MCut · 3.3% → 1.7%−775,000 shares
- Synopsys~$63.1MSold out · 1.2% → 0.0%−145,000 shares
- Qualcomm~$61.1MCut · 4.1% → 2.8%−550,000 shares
- Constellation Energy Corp~$45.8MSold out · 0.8% → 0.0%−500,000 shares
- Cadence~$44.6MSold out · 0.8% → 0.0%−190,000 shares
Holdings
As of Sep 30, 2023. Changes are in shares against Jun 30, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MetaCL A · shares +30% · price +4.6% | 11.6% | $585.4M | +$19.9M | ||||||||
| MicrosoftCOM · shares +32% · price −7.3% | 10.2% | $516.3M | −$30.7M | ||||||||
| AmazonCOM · shares +19% · price −2.5% | 9.4% | $476.7M | −$10.2M | ||||||||
| NvidiaCOM · shares +0.5% · price +2.8% | 8.8% | $445.9M | +$12.2M | ||||||||
| AlphabetCAP STK CL C · shares +19% · price +9.0% | 7.2% | $362.6M | +$25.1M | ||||||||
| UberCOM · shares +1.4% · price +6.5% | 6.6% | $333.4M | +$20.2M | ||||||||
| AlibabaSPONSORED ADS · shares −20% · price +4.1% | 6.2% | $312.3M | +$12.2M | ||||||||
| AMDCOM · shares −1.5% · price −9.7% | 4.6% | $233.9M | −$25.2M | ||||||||
| IntelCOM · shares −7.7% · price +6.3% | 4.4% | $222.2M | +$13.2M | ||||||||
| Fedex CorpCOM · shares 0% · price +6.9% | 3.4% | $172.2M | +$11.1M | ||||||||
| QualcommCOM · shares −30% · price −6.7% | 2.8% | $144.4M | −$10.4M | ||||||||
| PDD HoldingsSPONSORED ADS · shares +87% · price +41.8% | 2.7% | $137.3M | +$21.7M | ||||||||
| Energy Transfer L PCOM UT LTD PTN · shares 0% · price +10.5% | 2.7% | $137.2M | +$13.0M | ||||||||
| Unitedhealth Group IncCOM · shares 0% · price +4.9% | 2.0% | $100.8M | +$4.7M | ||||||||
| MicronCOM · shares 0% · price +7.8% | 1.9% | $95.2M | +$6.9M | ||||||||
| BaiduSPON ADR REP A · shares −48% · price −1.9% | 1.8% | $89.3M | −$1.7M | ||||||||
| TSMCSPONSORED ADS · shares −44% · price −13.9% | 1.7% | $86.9M | −$14.0M | ||||||||
| Eqt CorpCOM · shares 0% · price −1.3% | 1.7% | $83.6M | −$1.1M | ||||||||
| Lam ResearchCOM · shares 0% · price −2.5% | 1.5% | $75.2M | −$1.9M | ||||||||
| Caesars Entertainment Inc NeCOM · shares +23% · price −9.1% | 1.4% | $70.7M | −$5.7M | ||||||||
| Macys IncCOM · shares 0% · price −27.7% | 1.1% | $58.0M | −$22.2M | ||||||||
| Antero Resources CorpCOM · shares 0% · price +10.2% | 0.98% | $49.7M | +$4.6M | ||||||||
| Jd.Com IncSPON ADR CL A · shares −11% · price −14.6% | 0.96% | $48.8M | −$8.4M | ||||||||
| Asml Holding N VN Y REGISTRY SHS · shares 0% · price −18.8% | 0.93% | $47.1M | −$10.9M | ||||||||
| Arista NetworksCOM · shares 0% · price +13.5% | 0.91% | $46.0M | +$5.5M | ||||||||
| Total · 32 positions | 100% | $5.07B | +$31.5M |
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 Q2 2023 to Q3 2023: 31 stocks held throughout, up $31.5M (+0.7%).
- Alphabet+$25.1M+9%
- PDD Holdings+$21.7M+42%
- Uber+$20.2M+7%
- Meta+$19.9M+5%
- Intel+$13.2M+6%
- Asml Holding N V−$10.9M−19%
- TSMC−$14.0M−14%
- Macys Inc−$22.2M−28%
- AMD−$25.2M−10%
- Microsoft−$30.7M−7%
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 ↗ |