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

According to the SEC 13F filed on May 15, 2026, the Appaloosa Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 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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