David Tepper

Appaloosa Management · Distressed / opportunistic

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Latest filingQ4 2025· filed Feb 17, 2026· report period Dec 31, 2025
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About

Founder of Appaloosa Management. Known for distressed-debt and contrarian equity calls.

AI summaryPlain-English placeholder · not financial advice

In their Q4 2025 13F filing, Appaloosa Management (David Tepper) opened new positions in 01609W102, 02079K107, 02376R102, 219350105 and 23135106 (+33 more). These movements are based on public regulatory filings and may indicate portfolio rebalancing, profit-taking, or risk management — not necessarily a directional view on the underlying companies. Because 13F filings are delayed by up to 45 days, this should not be treated as real-time investment advice. Always do your own research.

Top 10 holdings

  1. 1.
    WHR
    WHIRLPOOL CORP
    $282.1B
    16.8%
  2. 2.
    Ticker unavailableCUSIP 02376R102
    AMERICAN AIRLS GROUP INC
    $216.9B
    12.9%
  3. 3.
    IAU
    ISHARES INC
    $182.3B
    10.8%
  4. 4.
    Ticker unavailableCUSIP 500767306
    KRANESHARES TRUST
    $161.7B
    9.6%
  5. 5.
    UBER
    UBER TECHNOLOGIES INC
    $151.2B
    9.0%
  6. 6.
    GLW
    CORNING INC
    $137.5B
    8.2%
  7. 7.
    Ticker unavailableCUSIP D18190898
    DEUTSCHE BANK A G
    $121.5B
    7.2%
  8. 8.
    JD
    JD.COM INC
    $119.3B
    7.1%
  9. 9.
    LYFT
    LYFT INC
    $73.6B
    4.4%
  10. 10.
    BALL
    BALL CORP
    $63.6B
    3.8%

New positions

Increased

No increased positions.

Reduced

No reduced positions.

Sold out

No exited positions.

Current holdings

Portfolio total: $6.9B

TickerCompanySharesMarket valuePortfolio %Δ SharesStatus
WHRWHIRLPOOL CORP3.9M$282.1B16.78%New
Ticker unavailableCUSIP 02376R102AMERICAN AIRLS GROUP INC14.2M$216.9B12.90%New
IAUISHARES INC1.9M$182.3B10.84%New
Ticker unavailableCUSIP 500767306KRANESHARES TRUST4.8M$161.7B9.62%New
UBERUBER TECHNOLOGIES INC1.9M$151.2B8.99%New
GLWCORNING INC1.6M$137.5B8.18%New
Ticker unavailableCUSIP D18190898DEUTSCHE BANK A G3.2M$121.5B7.23%New
JDJD.COM INC4.2M$119.3B7.10%New
LYFTLYFT INC3.8M$73.6B4.38%New
BALLBALL CORP1.2M$63.6B3.78%New
Ticker unavailableCUSIP 464287184ISHARES TR1.1M$41.6B2.48%New
Ticker unavailableCUSIP 29273V100ENERGY TRANSFER L P2.2M$36.1B2.15%New
MPLXMPLX LP627.5K$33.5B1.99%New
DALDELTA AIR LINES INC DEL475K$33B1.96%New
Ticker unavailableCUSIP 382550101GOODYEAR TIRE & RUBR CO2.5M$21.9B1.30%New
BABAALIBABA GROUP HLDG LTD5.1M$753.1M0.04%New
GOOGLALPHABET INC1.8M$560.7M0.03%New
AMZNAMAZON COM INC2.2M$503M0.03%New
MUMICRON TECHNOLOGY INC1.8M$499.5M0.03%New
METAMETA PLATFORMS INC600K$396.1M0.02%New
TSMTAIWAN SEMICONDUCTOR MFG LTD1.1M$343.4M0.02%New
NVDANVIDIA CORPORATION1.7M$317.1M0.02%New
NRGNRG ENERGY INC1.6M$261.2M0.02%New
MSFTMICROSOFT CORP500K$241.8M0.01%New
PDDPDD HOLDINGS INC1.8M$201.3M0.01%New
QCOMQUALCOMM INC1.1M$195.9M0.01%New
VSTVISTRA CORP945K$152.5M0.01%New
OCOWENS CORNING NEW950K$106.3M0.01%New
RTXRTX CORPORATION500K$91.7M0.01%New
LHXL3HARRIS TECHNOLOGIES INC295K$86.6M0.01%New
BIDUBAIDU INC575K$75.1M0.00%New
Ticker unavailableCUSIP 608190104MOHAWK INDS INC675K$73.8M0.00%New
LRCXLAM RESEARCH CORP425K$72.8M0.00%New
AMDADVANCED MICRO DEVICES INC325K$69.6M0.00%New
ASMLASML HOLDING N V62.5K$66.9M0.00%New
UNHUNITEDHEALTH GROUP INC200K$66M0.00%New
IQVIQVIA HLDGS INC280K$63.1M0.00%New
Ticker unavailableCUSIP 910047109UNITED AIRLS HLDGS INC465K$52M0.00%New

Sector breakdown

  • Unclassified100.0%

Filing history