David Tepper - Appaloosa Management 13F Activity & Position Changes (Q2 2025)

As of Jun 30, 2025, the Appaloosa Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 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 Q2 2025, the filing reported:

New Buys - Delta Air Lines, Inc., The Goodyear Tire & Rubber Comp, Intel Corporation, IQVIA Holdings, Inc., Mohawk Industries, Inc., and 3 more

Increases - Amazon.com, Inc., Deutsche Bank, Corning Incorporated, L3Harris Technologies, Inc., Micron Technology, Inc., and 4 more

Reductions - Alibaba Group Holding Limited, KE Holdings Inc, Baidu, Inc., Caesars Entertainment, Inc., iShares China Large-Cap ETF, and 11 more

Complete Exits - Broadcom Inc., , Las Vegas Sands Corp., Wynn Resorts, Limited

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
Q2 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+190,000	+7.6%	$592.35M	2,700,000
Q2 2025	AVGO Broadcom Inc.	Broadcom Inc.	Sell - Position Exit	-130,000	-100.0%	$0.00	-
Q2 2025	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-2,162,729	-23.4%	$801.50M	7,067,271
Q2 2025	BEKE KE Holdings Inc	KE Holdings Inc	Sell	-400,000	-21.1%	$26.61M	1,500,000
Q2 2025	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-150,000	-19.4%	$53.60M	625,000
Q2 2025	CHKEL		Sell - Position Exit	-65,398	-100.0%	$0.00	-
Q2 2025	CZR Caesars Entertainment, Inc.	Caesars Entertainment, Inc.	Sell	-100,000	-4.5%	$59.62M	2,100,000
Q2 2025	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy - Position Entry	+550,000	-	$27.05M	550,000
Q2 2025	DB Deutsche Bank	Deutsche Bank	Buy	+250,000	+6.7%	$117.12M	4,000,000
Q2 2025	FXI iShares China Large-Cap ETF	iShares China Large-Cap ETF	Sell	-4,600,000	-82.1%	$36.76M	1,000,000
Q2 2025	GLW Corning Incorporated	Corning Incorporated	Buy	+6,371	+0.4%	$92.03M	1,750,000
Q2 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-510,000	-25.4%	$266.08M	1,500,000
Q2 2025	GT The Goodyear Tire & Rubber Comp	The Goodyear Tire & Rubber Comp	Buy - Position Entry	+861,782	-	$8.94M	861,782
Q2 2025	INTC Intel Corporation	Intel Corporation	Buy - Position Entry	+8,000,000	-	$179.20M	8,000,000
Q2 2025	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Buy - Position Entry	+300,000	-	$47.28M	300,000
Q2 2025	JD JD.com, Inc.	JD.com, Inc.	Sell	-1,050,000	-13.0%	$228.48M	7,000,000
Q2 2025	LHX L3Harris Technologies, Inc.	L3Harris Technologies, Inc.	Buy	+50,000	+16.7%	$87.79M	350,000
Q2 2025	LRCX Lam Research Corporation	Lam Research Corporation	Sell	-100,000	-20.0%	$38.94M	400,000
Q2 2025	LVS Las Vegas Sands Corp.	Las Vegas Sands Corp.	Sell - Position Exit	-590,000	-100.0%	$0.00	-
Q2 2025	LYFT Lyft, Inc.	Lyft, Inc.	Sell	-1,000,000	-11.1%	$126.08M	8,000,000
Q2 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-150,000	-27.3%	$295.24M	400,000
Q2 2025	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Buy - Position Entry	+65,000	-	$6.81M	65,000
Q2 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-10,000	-2.0%	$248.71M	500,000
Q2 2025	MU Micron Technology, Inc.	Micron Technology, Inc.	Buy	+425,000	+106.2%	$101.68M	825,000
Q2 2025	NRG NRG Energy, Inc.	NRG Energy, Inc.	Sell	-70,000	-3.4%	$317.95M	1,980,000
Q2 2025	NVDA NVIDIA Corporation	NVIDIA Corporation	Buy	+1,450,000	+483.3%	$276.48M	1,750,000
Q2 2025	ORCL Oracle Corporation	Oracle Corporation	Sell	-550,000	-78.6%	$32.79M	150,000
Q2 2025	PDD PDD Holdings Inc.	PDD Holdings Inc.	Sell	-2,370,000	-54.2%	$209.32M	2,000,000
Q2 2025	RTX RTX Corporation	RTX Corporation	Buy - Position Entry	+585,000	-	$85.42M	585,000
Q2 2025	SQ Block, Inc.	Block, Inc.	Buy	+566,800	+755.7%	$43.60M	641,800

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