APPALOOSA LP
Long book
$5.93B
Q1 2026
Positions
31
Top-10 weight
74%
concentration
Last quarter
+34.6%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsAPPALOOSA LP is a high-conviction value investor, running a $5.93B US long book across 31 positions.
The portfolio is concentrated: the top 10 names carry 74% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: AMAZON.COM INC, MICRON TECHNOLOGY INC, ALPHABET INC-CL C, UBER TECHNOLOGIES INC, TAIWAN SEMICONDUCTOR-SP ADR.
Over the last 9 quarters its long book ran on average 3.3pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+6.0%
Q2 2024
+7.1%
Q3 2024
-6.3%
Q4 2024
+7.6%
Q1 2025
+9.9%
Q2 2025
+19.5%
Q3 2025
-2.7%
Q4 2025
-5.7%
Q1 2026
+34.6%
Sector allocation
Technology 43%
Consumer discretionary 20%
Utilities 13%
Industrials 12%
Services media 11%
Energy 1%
Financials 1%
Other 0%
Long book by quarter
What does APPALOOSA LP own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 4.3M | $899.7M | 15.2% | +98.2% |
| MU MICRON TECHNOLOGY INC | Technology | 1.7M | $562.5M | 9.5% | +11.0% |
| GOOG ALPHABET INC-CL C | Technology | 1.7M | $497.0M | 8.4% | -3.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 6.3M | $455.5M | 7.7% | +242.3% |
| VST VISTRA CORP | Utilities | 2.0M | $304.0M | 5.1% | +114.0% |
| NVDA NVIDIA CORP | Technology | 1.5M | $256.6M | 4.3% | -13.4% |
| NRG NRG ENERGY INC | Utilities | 1.7M | $253.5M | 4.3% | +5.8% |
| META META PLATFORMS INC-CLASS A | Technology | 436.5K | $249.7M | 4.2% | -27.3% |
| SNDK SANDISK CORP | Technology | 281.3K | $178.7M | 3.0% | New |
| GLW CORNING INC | Industrials | 1.1M | $153.6M | 2.6% | -28.1% |
| WHR WHIRLPOOL CORP | Industrials | 1.9M | $105.1M | 1.8% | -50.1% |
| LRCX LAM RESEARCH CORP | Industrials | 382.5K | $81.7M | 1.4% | -10.0% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 198.0K | $68.3M | 1.2% | -32.9% |
| RTX RTX CORP | Industrials | 342.0K | $66.0M | 1.1% | -31.6% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 49.5K | $65.4M | 1.1% | -20.8% |
| QCOM QUALCOMM INC | Technology | 498.6K | $64.2M | 1.1% | -56.5% |
| BALL BALL CORP | Industrials | 837.0K | $49.5M | 0.8% | -30.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 221.4K | $45.0M | 0.8% | -31.9% |
| LYFT LYFT INC-A | Services media | 2.7M | $35.9M | 0.6% | -28.9% |
| MSFT MICROSOFT CORP | Technology | 90.0K | $33.3M | 0.6% | -82.0% |
| ET ENERGY TRANSFER LP | Utilities | 1.6M | $30.4M | 0.5% | -28.1% |
| MPLX MPLX LP | Energy | 502.5K | $28.7M | 0.5% | -19.9% |
| UNH UNITEDHEALTH GROUP INC | Financials | 90.0K | $24.4M | 0.4% | -55.0% |
| DBK DEUTSCHE BANK AG-REGISTERED | — | 257.6K | $7.7M | 0.1% | -91.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 31 | $5.93B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 39 | $6.93B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 45 | $7.38B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 38 | $6.45B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 38 | $8.38B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 37 | $6.46B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 38 | $6.73B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 37 | $6.18B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 39 | $6.75B | canonical | SEC ↗ |
Similar funds
Berkshire Hathaway IncTCI FUND MANAGEMENT LTDFundsmith LLPMarkel Group Inc.AKRE CAPITAL MANAGEMENT LLCRuane, Cunniff & Goldfarb L.P.SOROS FUND MANAGEMENT LLCBAUPOST GROUP LLC/MAFUNDSMITH INVESTMENT SERVICES LTD.Himalaya Capital Management LLCDuquesne Family Office LLCFAIRFAX FINANCIAL HOLDINGS LTD/ CAN