13F filer · CIK 1656456 ↗
Appaloosa
You are looking at Q4 2024. See the latest, Q2 2026 →
Reported value
$6.46B
−4.0% on the quarter before
Positions
37
2 new · 3 sold out
Top 10
66.8%
of the value
Est. gain
−$457.1M
on stocks held all quarter
Est. return
−7.6%
on those stocks since Q3 2024
Positions as of Dec 31, 2024, 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 2024. Striped tiles are options.
Largest buys
Since Q3 2024, 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.
- Vistra~$197.1MAdded · 2.2% → 5.8%+1,429,612 shares
- Alibaba~$156.3MAdded · 15.8% → 15.5%+1,843,158 shares
- Jd.Com Inc~$109.8MAdded · 4.3% → 5.6%+3,165,885 shares
- Lam Research~$90.3MNew · 0.0% → 1.4%+1,250,000 shares
- NRG Energy~$73.5MAdded · 1.4% → 2.5%+815,180 shares
- Corning Inc.~$71.3MNew · 0.0% → 1.1%+1,500,000 shares
- Asml Holding N V~$57.2MAdded · 1.0% → 1.7%+82,500 shares
- Ishares Tr~$24.4MAdded · 2.8% → 3.1%+802,128 shares
- Kraneshares Trust~$23.7MAdded · 1.9% → 2.1%+810,695 shares
- Expand Energy Corporation~$12.9MAdded · 0.2% → 0.5%+130,000 shares
Largest sells
Since Q3 2024, 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.
- Amazon~$131.6MCut · 8.9% → 8.8%−600,000 shares
- Adobe~$103.6MSold out · 1.5% → 0.0%−200,000 shares
- Lam Research~$81.6MSold out · 1.2% → 0.0%−100,000 shares
- Meta~$79.0MCut · 5.3% → 4.4%−135,000 shares
- Eqt Corp~$45.9MCut · 1.0% → 0.6%−995,000 shares
- Energy Transfer L P~$37.5MCut · 1.6% → 1.5%−1,913,265 shares
- Las Vegas Sands Corp~$32.3MCut · 1.1% → 0.7%−628,323 shares
- Antero Resources Corp~$31.7MCut · 0.7% → 0.5%−905,000 shares
- Intel~$30.1MCut · 0.9% → 0.3%−1,500,000 shares
- Southwestrern Energy Co~$29.7MSold out · 0.4% → 0.0%−4,180,000 shares
Holdings
As of Dec 31, 2024. Changes are in shares against Sep 30, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AlibabaSPONSORED ADS · shares +18% · price −20.1% | 15.5% | $1.00B | −$213.3M | ||||||||
| AmazonCOM · shares −19% · price +17.7% | 8.8% | $570.4M | +$86.0M | ||||||||
| PDD HoldingsSPONSORED ADS · shares +1.0% · price −28.1% | 8.0% | $519.5M | −$200.5M | ||||||||
| MicrosoftCOM · shares 0% · price −2.0% | 6.3% | $408.9M | −$8.5M | ||||||||
| VistraCOM · shares +113% · price +16.3% | 5.8% | $372.2M | +$24.6M | ||||||||
| Jd.Com IncSPON ADS CL A · shares +43% · price −13.3% | 5.6% | $362.9M | −$38.9M | ||||||||
| AlphabetCAP STK CL C · shares −0.00% · price +13.9% | 5.5% | $358.4M | +$43.8M | ||||||||
| MetaCL A · shares −22% · price +2.3% | 4.4% | $286.9M | +$6.4M | ||||||||
| OracleCOM · shares −11% · price −2.2% | 3.6% | $233.3M | −$5.3M | ||||||||
| Ishares TrCHINA LG-CAP ETF · shares +14% · price −4.2% | 3.1% | $202.0M | −$7.8M | ||||||||
| Lyft IncCL A COM · shares −14% · price +1.2% | 2.7% | $174.2M | +$2.0M | ||||||||
| NRG EnergyCOM NEW · shares +82% · price −1.0% | 2.5% | $163.7M | −$879,842 | ||||||||
| AMDCOM · shares +5.7% · price −26.4% | 2.2% | $144.9M | −$49.1M | ||||||||
| Kraneshares TrustCSI CHI INTERNET · shares +22% · price −14.1% | 2.1% | $133.8M | −$18.0M | ||||||||
| BaiduSPON ADR REP A · shares +7.2% · price −19.9% | 2.0% | $128.8M | −$29.9M | ||||||||
| QualcommCOM · shares 0% · price −9.7% | 1.9% | $122.9M | −$13.1M | ||||||||
| Asml Holding N VN Y REGISTRY SHS · shares +106% · price −16.8% | 1.7% | $110.9M | −$10.9M | ||||||||
| MicronCOM · shares +14% · price −18.9% | 1.6% | $101.0M | −$20.5M | ||||||||
| Fedex CorpCOM · shares −6.7% · price +2.8% | 1.5% | $98.5M | +$2.7M | ||||||||
| Energy Transfer L PCOM UT LTD PTN · shares −28% · price +22.1% | 1.5% | $96.3M | +$17.4M | ||||||||
| NvidiaCOM · shares +8.8% · price +10.6% | 1.4% | $91.3M | +$8.0M | ||||||||
| UberCOM · shares +6.4% · price −19.7% | 1.4% | $90.5M | −$20.9M | ||||||||
| Lam ResearchCOM NEW · shares New | 1.4% | $90.3M | — | ||||||||
| Unitedhealth Group IncCOM · shares 0% · price −13.5% | 1.4% | $88.3M | −$13.8M | ||||||||
| Caesars Entertainment Inc NeCOM · shares +2.3% · price −19.9% | 1.1% | $73.5M | −$17.9M | ||||||||
| Total · 37 positions | 100% | $6.46B | −$457.1M |
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 2024 to Q4 2024: 35 stocks held throughout, down $457.1M (−7.6%).
- Amazon+$86.0M+18%
- Alphabet+$43.8M+14%
- Vistra+$24.6M+16%
- Energy Transfer L P+$17.4M+22%
- Nvidia+$8.0M+11%
- Baidu−$29.9M−20%
- Jd.Com Inc−$38.9M−13%
- AMD−$49.1M−26%
- PDD Holdings−$200.5M−28%
- Alibaba−$213.3M−20%
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 ↗ |