David Tepper - Appaloosa Management 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the Appaloosa Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2025, the filing reported:

New Buys - Broadcom Inc., Deutsche Bank, L3Harris Technologies, Inc., Block, Inc.

Increases - Energy Transfer LP, Corning Incorporated, Alphabet Inc., Meta Platforms, Inc., NRG Energy, Inc., and 3 more

Reductions - Amazon.com, Inc., ASML, Alibaba Group Holding Limited, KE Holdings Inc, Baidu, Inc., and 15 more

Complete Exits - Advanced Micro Devices, Inc., Antero Resources Corporation, , EQT Corporation, FedEx Corporation, and 1 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2025	AMD Advanced Micro Devices, Inc.	Advanced Micro Devices, Inc.	Sell - Position Exit	-1,200,000	-100.0%	$0.00	-
Q1 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-90,000	-3.5%	$477.55M	2,510,000
Q1 2025	AR Antero Resources Corporation	Antero Resources Corporation	Sell - Position Exit	-840,000	-100.0%	$0.00	-
Q1 2025	ASML ASML	ASML	Sell	-90,000	-56.2%	$46.38M	70,000
Q1 2025	AVGO Broadcom Inc.	Broadcom Inc.	Buy - Position Entry	+130,000	-	$21.77M	130,000
Q1 2025	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-2,613,158	-22.1%	$1.22B	9,230,000
Q1 2025	BEKE KE Holdings Inc	KE Holdings Inc	Sell	-674,074	-26.2%	$38.17M	1,900,000
Q1 2025	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-752,909	-49.3%	$71.32M	775,000
Q1 2025	CHK		Sell - Position Exit	-295,000	-100.0%	$0.00	-
Q1 2025	CHKEL		Sell	-84,602	-56.4%	$6.46M	65,398
Q1 2025	DB Deutsche Bank	Deutsche Bank	Buy - Position Entry	+3,750,000	-	$89.36M	3,750,000
Q1 2025	EQT EQT Corporation	EQT Corporation	Sell - Position Exit	-800,000	-100.0%	$0.00	-
Q1 2025	ET Energy Transfer LP	Energy Transfer LP	Buy	+42,500	+0.9%	$92.15M	4,957,235
Q1 2025	FDX FedEx Corporation	FedEx Corporation	Sell - Position Exit	-350,000	-100.0%	$0.00	-
Q1 2025	FXI iShares China Large-Cap ETF	iShares China Large-Cap ETF	Sell	-1,037,128	-15.6%	$200.70M	5,600,000
Q1 2025	GLW Corning Incorporated	Corning Incorporated	Buy	+243,629	+16.2%	$79.82M	1,743,629
Q1 2025	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+128,037	+6.8%	$314.02M	2,010,000
Q1 2025	INTC Intel Corporation	Intel Corporation	Sell - Position Exit	-1,000,000	-100.0%	$0.00	-
Q1 2025	JD JD.com, Inc.	JD.com, Inc.	Sell	-2,415,885	-23.1%	$331.02M	8,050,000
Q1 2025	KWEB KraneShares Trust KraneShares C	KraneShares Trust KraneShares C	Sell	-575,695	-12.6%	$139.64M	4,000,000
Q1 2025	LHX L3Harris Technologies, Inc.	L3Harris Technologies, Inc.	Buy - Position Entry	+300,000	-	$62.79M	300,000
Q1 2025	LRCX Lam Research Corporation	Lam Research Corporation	Sell	-750,000	-60.0%	$36.35M	500,000
Q1 2025	LVS Las Vegas Sands Corp.	Las Vegas Sands Corp.	Sell	-310,000	-34.4%	$22.79M	590,000
Q1 2025	LYFT Lyft, Inc.	Lyft, Inc.	Sell	-4,500,000	-33.3%	$106.83M	9,000,000
Q1 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+60,000	+12.2%	$317.00M	550,000
Q1 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-460,000	-47.4%	$191.45M	510,000
Q1 2025	MU Micron Technology, Inc.	Micron Technology, Inc.	Sell	-800,000	-66.7%	$34.76M	400,000
Q1 2025	NRG NRG Energy, Inc.	NRG Energy, Inc.	Buy	+235,000	+12.9%	$195.69M	2,050,000
Q1 2025	NVDA NVIDIA Corporation	NVIDIA Corporation	Sell	-380,001	-55.9%	$32.51M	300,000
Q1 2025	ORCL Oracle Corporation	Oracle Corporation	Sell	-700,000	-50.0%	$97.87M	700,000

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