1y return+27.3%S&P 500 +20.9%
3y return+119.8%S&P 500 +68.5%
5y return+132.5%S&P 500 +74.5%
10y return+356.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $457 against $357 in the S&P 500.2
Appaloosa LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AMZNAmazon Com Inc | $1.2B | 16.0% | +15.7% |
| MUMicron Technology Inc | $1.1B | 15.1% | −41.4% |
| TSMTaiwan Semiconductor Manufac | $788.0M | 10.5% | +24.3% |
| GOOGAlphabet Inc | $653.7M | 8.7% | +6.8% |
| UBERUber Technologies Inc | $555.2M | 7.4% | +21.5% |
| EWYIshares Inc | $489.6M | 6.6% | +1.0% |
| METAMeta Platforms Inc | $380.2M | 5.1% | +54.6% |
| VSTVistra Corp | $351.4M | 4.7% | +9.5% |
| NVDANvidia Corporation | $305.1M | 4.1% | +3.6% |
| NRGNrg Energy Inc | $257.1M | 3.4% | +1.5% |
| BABAAlibaba Group Hldg Ltd | $192.0M | 2.6% | −42.3% |
| BABoeing Co | $173.2M | 2.3% | New |
| LRCXLam Research Corp | $165.7M | 2.2% | |
| BIDUBaidu Inc | $148.0M | 2.0% | +87.1% |
| AALAmerican Airlines Group Inc | $135.5M | 1.8% | New |
| AMDAdvanced Micro Devices Inc | $114.7M | 1.5% | −10.8% |
| CRWVCoreweave Inc | $107.3M | 1.4% | New |
| Asml Hldg NvCUSIP N07059210 | $99.5M | 1.3% | +1.0% |
| AVGOBroadcom Inc | $56.7M | 0.8% | New |
| QCOMQualcomm Inc | $46.2M | 0.6% | −49.9% |
| SPCXSpace Exploration Techn Corp | $38.4M | 0.5% | New |
| ETEnergy Transfer L P | $30.1M | 0.4% | |
| MPLXMplx LP | $28.3M | 0.4% | |
| WHRWhirlpool Corp | $28.2M | 0.4% | −63.3% |
| GTGoodyear Tire & Rubr Co | $10.0M | 0.1% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | March 31, 2023 | +620.3% | $305.1M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $165.7M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $653.7M |
| TSMTaiwan Semiconductor Manufac | June 30, 2023 | +373.2% | $788.0M |
| AMDAdvanced Micro Devices Inc | September 30, 2025 | +259.1% | $114.7M |
| Asml Hldg NvCUSIP N07059210 | June 30, 2023 | +174.5% | $99.5M |
| ETEnergy Transfer L P | June 30, 2020 | +168.6% | $30.1M |
| MPLXMplx LP | December 31, 2020 | +160.2% | $28.3M |
| METAMeta Platforms Inc | June 30, 2020 | +148.1% | $380.2M |
| EWYIshares Inc | December 31, 2025 | +107.7% | $489.6M |
Sold off last quarter
- SNDKSandisk Corp was $178.7M
- GLWCorning Inc was $153.6M
- PDDPdd Holdings Inc was $92.0M
- LHXL3harris Technologies Inc was $68.3M
- RTXRtx Corporation was $66.0M
- BALLBall Corp was $49.5M
- JDJd.com Inc was $38.6M
- LYFTLyft Inc was $35.9M
- MSFTMicrosoft Corp was $33.3M
- KWEBKraneshares Trust was $30.7M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +17.0% | +14.8% |
| March 31, 2026 | −6.2% | −4.6% |
| December 31, 2025 | −2.8% | +2.4% |
| September 30, 2025 | +19.3% | +7.8% |
| June 30, 2025 | +9.5% | +10.5% |
| March 31, 2025 | +7.5% | −4.6% |
| December 31, 2024 | −6.6% | +2.1% |
| September 30, 2024 | +7.0% | +5.4% |
| June 30, 2024 | +5.4% | +4.0% |
| March 31, 2024 | +18.8% | +10.0% |
| December 31, 2023 | +17.1% | +11.2% |
| September 30, 2023 | +0.1% | −3.6% |
| June 30, 2023 | +17.4% | +8.3% |
| March 31, 2023 | +7.4% | +7.0% |
| December 31, 2022 | −2.2% | +7.1% |
| September 30, 2022 | +1.4% | −5.3% |
| June 30, 2022 | −18.9% | −16.5% |
| March 31, 2022 | +5.9% | −4.9% |
| December 31, 2021 | +4.6% | +10.7% |
| September 30, 2021 | −5.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Appaloosa LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1656456&type=13F-HR&dateb=&owner=include&count=40CIK 1656456
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1656456/000165645626000003/Filed August 14, 2026 · accession 0001656456-26-000003