Appaloosa LP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Appaloosa LP initiated 1 new position, increased allocation to 8 existing positions, trimmed 10 positions, and exited 8 positions entirely. The fund's 13F equity book declined from $6.85B to $5.93B (-13.4% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $6.85BPrior quarter
- $5.93BCurrent quarter
- $-0.92BNet delta
- -13.4%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| SANDISK CORP/DE | SNDK | 3.01% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| UBER TECHNOLOGIES INC | UBER | +5.47% | +242.31% | History → |
| VISTRA CORP. | VST | +2.90% | +114.00% | History → |
| AMAZON COM INC | AMZN | +7.82% | +98.22% | History → |
| ISHARES TRUST | EWY | +2.32% | +28.00% | History → |
| BAIDU INC | BIDU | +0.20% | +20.37% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | +2.55% | +17.48% | History → |
| MICRON TECHNOLOGY INC | MU | +3.23% | +11.00% | History → |
| NRG ENERGY INC | NRG | +0.46% | +5.76% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| DEUTSCHE BANK AG NAMEN AKT | DB | -1.64% | -91.82% | Holders → |
| MICROSOFT CORP | MSFT | -2.97% | -82.00% | Holders → |
| KRANESHARES TRUST | KWEB | -1.84% | -77.26% | Holders → |
| JD.COM INC., CLASS A, ADR | JD | -1.09% | -68.61% | Holders → |
| QUALCOMM INC | QCOM | -1.78% | -56.45% | Holders → |
| UNITEDHEALTH GROUP INC | UNH | -0.55% | -55.00% | Holders → |
| WHIRLPOOL CORP | WHR | -2.34% | -50.13% | Holders → |
| PDD HOLDINGS INC | PDD | -1.39% | -49.30% | Holders → |
| L3HARRIS TECHNOLOGIES INC | LHX | -0.11% | -32.88% | Holders → |
| ALIBABA GROUP HLDG LTD | BABA | -3.66% | -32.56% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| AMERICAN AIRLINES GROUP INC | AAL | 3.17% |
| OWENS CORNING | OC | 1.55% |
| MOHAWK INDS INC | MHK | 1.08% |
| IQVIA HLDGS INC | IQV | 0.92% |
| UNITED AIRLINES HOLDINGS INC | UAL | 0.76% |
| ISHARES TR | FXI | 0.61% |
| DELTA AIR LINES INC DEL | DAL | 0.48% |
| GOODYEAR TIRE & RUBR CO | GT | 0.32% |
Methodology & FAQ
How Appaloosa LP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Appaloosa LP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Appaloosa LP initiate in Q1 2026?
Appaloosa LP established 1 new position in Q1 2026: SANDISK CORP/DE (SNDK, 3.01%).
Which existing positions saw the largest allocation increases for Appaloosa LP in Q1 2026?
The largest portfolio-weight increases in existing positions were: UBER TECHNOLOGIES INC (UBER, +5.47% weight, +242.31% shares), VISTRA CORP. (VST, +2.90% weight, +114.00% shares), AMAZON COM INC (AMZN, +7.82% weight, +98.22% shares), ISHARES TRUST (EWY, +2.32% weight, +28.00% shares), BAIDU INC (BIDU, +0.20% weight, +20.37% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, +2.55% weight, +17.48% shares), MICRON TECHNOLOGY INC (MU, +3.23% weight, +11.00% shares), NRG ENERGY INC (NRG, +0.46% weight, +5.76% shares).
Which positions did Appaloosa LP fully exit in Q1 2026?
Appaloosa LP fully exited 8 positions in Q1 2026: AMERICAN AIRLINES GROUP INC (AAL, last-reported weight 3.17%), OWENS CORNING (OC, last-reported weight 1.55%), MOHAWK INDS INC (MHK, last-reported weight 1.08%), IQVIA HLDGS INC (IQV, last-reported weight 0.92%), UNITED AIRLINES HOLDINGS INC (UAL, last-reported weight 0.76%), ISHARES TR (FXI, last-reported weight 0.61%), DELTA AIR LINES INC DEL (DAL, last-reported weight 0.48%), GOODYEAR TIRE & RUBR CO (GT, last-reported weight 0.32%).
Which existing positions saw the largest allocation reductions for Appaloosa LP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: DEUTSCHE BANK AG NAMEN AKT (DB, -1.64% weight, -91.82% shares), MICROSOFT CORP (MSFT, -2.97% weight, -82.00% shares), KRANESHARES TRUST (KWEB, -1.84% weight, -77.26% shares), JD.COM INC., CLASS A, ADR (JD, -1.09% weight, -68.61% shares), QUALCOMM INC (QCOM, -1.78% weight, -56.45% shares), UNITEDHEALTH GROUP INC (UNH, -0.55% weight, -55.00% shares), WHIRLPOOL CORP (WHR, -2.34% weight, -50.13% shares), PDD HOLDINGS INC (PDD, -1.39% weight, -49.30% shares), L3HARRIS TECHNOLOGIES INC (LHX, -0.11% weight, -32.88% shares), ALIBABA GROUP HLDG LTD (BABA, -3.66% weight, -32.56% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.