David Tepper - Appaloosa Management 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, the Appaloosa Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 2026, the filing reported:

New Buys - SanDisk

Increases - Amazon.com, Inc., Baidu, Inc., iShares Inc iShares MSCI South , Micron Technology, Inc., NRG Energy, Inc., and 3 more

Reductions - Advanced Micro Devices, Inc., ASML, Alibaba Group Holding Limited, Ball Corporation, Deutsche Bank, and 17 more

Complete Exits - American Airlines Group, Inc., Delta Air Lines, Inc., iShares China Large-Cap ETF, The Goodyear Tire & Rubber Comp, IQVIA Holdings, Inc., and 3 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 2026	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Sell - Position Exit	-14,150,000	-100.0%	$0.00	-
Q1 2026	AMD Advanced Micro Devices, Inc.	Advanced Micro Devices, Inc.	Sell	-103,600	-31.9%	$45.04M	221,400
Q1 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+2,140,609	+98.2%	$899.73M	4,320,000
Q1 2026	ASML ASML	ASML	Sell	-13,000	-20.8%	$65.38M	49,500
Q1 2026	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-1,672,931	-32.6%	$434.72M	3,465,000
Q1 2026	BALL Ball Corporation	Ball Corporation	Sell	-363,000	-30.2%	$49.48M	837,000
Q1 2026	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+117,100	+20.4%	$77.11M	692,100
Q1 2026	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell - Position Exit	-475,000	-100.0%	$0.00	-
Q1 2026	DB Deutsche Bank	Deutsche Bank	Sell	-2,892,384	-91.8%	$7.67M	257,616
Q1 2026	ET Energy Transfer LP	Energy Transfer LP	Sell	-615,125	-28.1%	$30.42M	1,576,125
Q1 2026	EWY iShares Inc iShares MSCI South	iShares Inc iShares MSCI South	Buy	+525,000	+28.0%	$295.22M	2,400,000
Q1 2026	FXI iShares China Large-Cap ETF	iShares China Large-Cap ETF	Sell - Position Exit	-1,087,500	-100.0%	$0.00	-
Q1 2026	GLW Corning Incorporated	Corning Incorporated	Sell	-440,700	-28.1%	$153.58M	1,129,500
Q1 2026	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-54,231	-3.0%	$497.04M	1,732,700
Q1 2026	GT The Goodyear Tire & Rubber Comp	The Goodyear Tire & Rubber Comp	Sell - Position Exit	-2,500,000	-100.0%	$0.00	-
Q1 2026	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Sell - Position Exit	-280,000	-100.0%	$0.00	-
Q1 2026	JD JD.com, Inc.	JD.com, Inc.	Sell	-2,852,046	-68.6%	$38.59M	1,305,000
Q1 2026	KWEB KraneShares Trust KraneShares C	KraneShares Trust KraneShares C	Sell	-3,670,000	-77.3%	$30.70M	1,080,000
Q1 2026	LHX L3Harris Technologies, Inc.	L3Harris Technologies, Inc.	Sell	-97,000	-32.9%	$68.34M	198,000
Q1 2026	LRCX Lam Research	Lam Research	Sell	-42,500	-10.0%	$81.72M	382,500
Q1 2026	LYFT Lyft, Inc.	Lyft, Inc.	Sell	-1,100,000	-28.9%	$35.91M	2,700,000
Q1 2026	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-163,500	-27.3%	$249.73M	436,500
Q1 2026	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell - Position Exit	-675,000	-100.0%	$0.00	-
Q1 2026	MPLX MPLX LP	MPLX LP	Sell	-125,040	-19.9%	$28.68M	502,460
Q1 2026	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-410,000	-82.0%	$33.32M	90,000
Q1 2026	MU Micron Technology, Inc.	Micron Technology, Inc.	Buy	+165,000	+11.0%	$562.50M	1,665,000
Q1 2026	NRG NRG Energy, Inc.	NRG Energy, Inc.	Buy	+94,442	+5.8%	$253.47M	1,734,442
Q1 2026	NVDA NVIDIA Corporation	NVIDIA Corporation	Sell	-228,500	-13.4%	$256.63M	1,471,500
Q1 2026	OC Owens Corning Inc	Owens Corning Inc	Sell - Position Exit	-950,000	-100.0%	$0.00	-
Q1 2026	PDD PDD Holdings Inc.	PDD Holdings Inc.	Sell	-875,000	-49.3%	$91.96M	900,000

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