Appaloosa LP 13F: Quarter-over-Quarter Portfolio Changes
Appaloosa LP reported a disclosed portfolio value of approximately $5.9 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 13.4% quarter on quarter. Over the quarter, the fund initiated 1 new position, bought more shares in 8 holdings, trimmed 22 holdings, and exited 8 positions.
Appaloosa LP's top buy was Uber Technologies INC (UBER) . The fund bought 242.3% more shares, lifting the position's portfolio weight by 5.5 percentage points. Its top sell was American Airlines Group INC (AAL) . The fund exited the position completely after it had accounted for 3.2% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| SANDISK CORP | SNDK | 3.0% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| UBER TECHNOLOGIES INC | UBER | +5.5% | +242.3% | History → |
| VISTRA CORP | VST | +2.9% | +114.0% | History → |
| AMAZON.COM | AMZN | +7.8% | +98.2% | History → |
| ISHARES INC | EWY | +2.3% | +28.0% | History → |
| BAIDU INC-SP ADR | BIDU | +0.2% | +20.4% | Holders → |
| TAIWAN SEMIC-ADR | TSM | +2.6% | +17.5% | History → |
| MICRON TECHNOLOGY INC | MU | +3.2% | +11.0% | History → |
| NRG ENERGY INC | NRG | +0.5% | +5.8% | History → |
Top SellsQ1 2026
Showing the top 10 sells among 22 existing positions where the fund sold shares in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| DEUTSCHE BK AG | DB | -1.6% | 91.8% | Holders → |
| MICROSOFT | MSFT | -3.0% | 82.0% | Holders → |
| KRANESHARES TRUST | KWEB | -1.8% | 77.3% | Holders → |
| JD.COM INC-ADR | JD | -1.1% | 68.6% | Holders → |
| QUALCOMM INC | QCOM | -1.8% | 56.5% | Holders → |
| UNITEDHEALTH GROUP | UNH | -0.6% | 55.0% | Holders → |
| WHIRLPOOL CORP | WHR | -2.3% | 50.1% | Holders → |
| PDD HOLDINGS INC | PDD | -1.4% | 49.3% | Holders → |
| L3HARRIS TECHNOLOGIES INC | LHX | -0.1% | 32.9% | Holders → |
| ALIBABA GRP-ADR | BABA | -3.7% | 32.6% | History → |
Full ExitsQ1 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 | 3.2% |
| OWENS CORNING NEW | OC | 1.6% |
| MOHAWK INDS INC | MHK | 1.1% |
| IQVIA HLDGS INC (IQV) | IQV | 0.9% |
| UNITED AIRLS HLDGS INC | UAL | 0.8% |
| ISHARES TR | FXI | 0.6% |
| DELTA AIR LINES INC | DAL | 0.5% |
| GOODYEAR TIRE & RUBR CO | GT | 0.3% |
Net Portfolio Value ChangeQ1 2026
- $6.9BPrior quarter
- $5.9BCurrent quarter
- $-0.9BNet delta
- -13.4%% change
Methodology & FAQ
How Appaloosa LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Appaloosa LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Appaloosa LP buy in Q1 2026?
In Q1 2026, Appaloosa LP initiated 1 new position (SANDISK CORP (SNDK)); bought more shares of UBER TECHNOLOGIES INC (UBER), VISTRA CORP (VST), AMAZON.COM (AMZN), ISHARES INC (EWY), BAIDU INC-SP ADR (BIDU) — the largest 5 of 8 adds.
What stocks did Appaloosa LP sell in Q1 2026?
In Q1 2026, Appaloosa LP fully sold 8 positions (AMERICAN AIRLINES GROUP INC (AAL), OWENS CORNING NEW (OC), MOHAWK INDS INC (MHK), IQVIA HLDGS INC (IQV) (IQV), UNITED AIRLS HLDGS INC (UAL), ISHARES TR (FXI), DELTA AIR LINES INC (DAL), GOODYEAR TIRE & RUBR CO (GT)); reduced holdings in DEUTSCHE BK AG (DB), MICROSOFT (MSFT), KRANESHARES TRUST (KWEB), JD.COM INC-ADR (JD), QUALCOMM INC (QCOM) — the largest 5 of 22 reductions.
Which positions did Appaloosa LP initiate in Q1 2026?
Appaloosa LP established 1 new position in Q1 2026: SANDISK CORP (SNDK, 3.0%).
Which existing positions saw the largest allocation increases for Appaloosa LP in Q1 2026?
Of 8 existing positions with share-count increases in Q1 2026, the largest were: UBER TECHNOLOGIES INC (UBER, +5.5% weight, +242.3% shares), VISTRA CORP (VST, +2.9% weight, +114.0% shares), AMAZON.COM (AMZN, +7.8% weight, +98.2% shares), ISHARES INC (EWY, +2.3% weight, +28.0% shares), BAIDU INC-SP ADR (BIDU, +0.2% weight, +20.4% shares), TAIWAN SEMIC-ADR (TSM, +2.6% weight, +17.5% shares), MICRON TECHNOLOGY INC (MU, +3.2% weight, +11.0% shares), NRG ENERGY INC (NRG, +0.5% weight, +5.8% 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 3.2%), OWENS CORNING NEW (OC, last-reported weight 1.6%), MOHAWK INDS INC (MHK, last-reported weight 1.1%), IQVIA HLDGS INC (IQV) (IQV, last-reported weight 0.9%), UNITED AIRLS HLDGS INC (UAL, last-reported weight 0.8%), ISHARES TR (FXI, last-reported weight 0.6%), DELTA AIR LINES INC (DAL, last-reported weight 0.5%), GOODYEAR TIRE & RUBR CO (GT, last-reported weight 0.3%).
Which existing positions saw the largest allocation reductions for Appaloosa LP in Q1 2026?
Of 22 existing positions with share-count reductions in Q1 2026, the largest were: DEUTSCHE BK AG (DB, -1.6% weight, -91.8% shares), MICROSOFT (MSFT, -3.0% weight, -82.0% shares), KRANESHARES TRUST (KWEB, -1.8% weight, -77.3% shares), JD.COM INC-ADR (JD, -1.1% weight, -68.6% shares), QUALCOMM INC (QCOM, -1.8% weight, -56.5% shares), UNITEDHEALTH GROUP (UNH, -0.6% weight, -55.0% shares), WHIRLPOOL CORP (WHR, -2.3% weight, -50.1% shares), PDD HOLDINGS INC (PDD, -1.4% weight, -49.3% shares), L3HARRIS TECHNOLOGIES INC (LHX, -0.1% weight, -32.9% shares), ALIBABA GRP-ADR (BABA, -3.7% weight, -32.6% 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. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.