13F.
Appaloosa LP
13F-HR

Q4 2025

Period Dec 31, 2025Filed Feb 17, 2026View on EDGAR ↗
Positions
39
Total value
$6.93B
Top 10 concentration
59.0%
New positions
3

Exited positionsvs. Q3 2025

  • FISERV INC ($119.26M)
  • TRUIST FINL CORP ($63.44M)
  • CAESARS ENTERTAINMENT INC NE ($56.75M)
  • KEYCORP ($37.75M)
  • CITIZENS FINL GROUP INC ($31.9M)
  • COMERICA INC ($31.69M)
  • BLOCK INC ($26.74M)
  • WESTERN ALLIANCE BANCORP ($16.91M)

Holdings · 39

#Class
1
ALIBABA GROUP HLDG LTD
01609W102
SPONSORED ADS$753.12M10.88%5,137,931-20.3%
2
ALPHABET INC
02079K107
CAP STK CL C$560.74M8.10%1,786,931+28.8%
3
AMAZON COM INC
023135106
COM$503.05M7.26%2,179,391-12.8%
4
MICRON TECHNOLOGY INC
595112103
COM$428.12M6.18%1,500,000+200.0%
5
META PLATFORMS INC
30303M102
CL A$396.05M5.72%600,000+62.2%
6
TAIWAN SEMICONDUCTOR MFG LTD
874039100
SPONSORED ADS$343.4M4.96%1,130,000+6.6%
7
NVIDIA CORPORATION
67066G104
COM$317.05M4.58%1,700,000-10.5%
8
WHIRLPOOL CORP
963320106
COM$282.07M4.07%3,910,000-28.9%
9
NRG ENERGY INC
629377508
COM NEW$261.15M3.77%1,640,000-12.3%
10
MICROSOFT CORP
594918104
COM$241.81M3.49%500,000+8.1%
11
AMERICAN AIRLS GROUP INC
02376R102
COM$216.92M3.13%14,150,000+53.0%
12
PDD HOLDINGS INC
722304102
SPONSORED ADS$201.27M2.91%1,775,000-1.4%
13
QUALCOMM INC
747525103
COM$195.85M2.83%1,145,000-8.0%
14
ISHARES INC
464286772
MSCI STH KOR ETF$182.29M2.63%1,875,000New
15
KRANESHARES TRUST
500767306
CSI CHI INTERNET$161.74M2.34%4,750,000-35.8%
16
VISTRA CORP
92840M102
COM$152.46M2.20%945,000-24.1%
17
UBER TECHNOLOGIES INC
90353T100
COM$151.16M2.18%1,850,000-23.1%
18
CORNING INC
219350105
COM$137.49M1.99%1,570,200-3.4%
19
DEUTSCHE BANK A G
D18190898
NAMEN AKT$121.46M1.75%3,150,000-16.9%
20
JD.COM INC
47215P106
SPON ADS CL A$119.31M1.72%4,157,046-33.2%
21
OWENS CORNING NEW
690742101
COM$106.31M1.54%950,000+488.2%
22
RTX CORPORATION
75513E101
COM$91.7M1.32%500,000-1.9%
23
L3HARRIS TECHNOLOGIES INC
502431109
COM$86.6M1.25%295,000-1.7%
24
BAIDU INC
056752108
SPON ADR REP A$75.13M1.08%575,000-45.0%
25
MOHAWK INDS INC
608190104
COM$73.78M1.07%675,000+318.0%
26
LYFT INC
55087P104
CL A COM$73.61M1.06%3,800,000-32.1%
27
LAM RESEARCH CORP
512807306
COM NEW$72.75M1.05%425,000+14.9%
28
MICRON TECHNOLOGY INC
595112103 · Call
COM$71.35M1.03%250,000New
29
ADVANCED MICRO DEVICES INC
007903107
COM$69.6M1.01%325,000-65.8%
30
ASML HOLDING N V
N07059210
N Y REGISTRY SHS$66.87M0.97%62,500-2.3%
31
UNITEDHEALTH GROUP INC
91324P102
COM$66.02M0.95%200,000-1.7%
32
BALL CORP
058498106
COM$63.56M0.92%1,200,000New
33
IQVIA HLDGS INC
46266C105
COM$63.11M0.91%280,000-1.8%
34
UNITED AIRLS HLDGS INC
910047109
COM$52M0.75%465,000+0.5%
35
ISHARES TR
464287184
CHINA LG-CAP ETF$41.64M0.60%1,087,500-2.0%
36
ENERGY TRANSFER L P
29273V100
COM UT LTD PTN$36.13M0.52%2,191,250-55.8%
37
MPLX LP
55336V100
COM UNIT REP LTD$33.49M0.48%627,500+17.3%
38
DELTA AIR LINES INC DEL
247361702
COM NEW$32.97M0.48%475,000+2.7%
39
GOODYEAR TIRE & RUBR CO
382550101
COM$21.9M0.32%2,500,000-51.4%
Total filing value: $6.93B