David Tepper – Appaloosa Management Options Positions & Derivatives (Jun 30, 2025)
As of Jun 30, 2025, the Appaloosa Management portfolio disclosed options positions in its latest SEC 13F filing reported on Aug 14, 2025. These filings include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.
The reported options activity included 12 call contracts and 7 put contracts across companies such as Apple Inc. (AAPL), VanEck Semiconductor ETF (SMH), SPDR S&P 500 Fossil Fuel Reserv (SPYX). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Appaloosa Management Options Activity
| Date | Symbol | Option | Quantity |
|---|---|---|---|
| Q1 2025 | AAPL Apple Inc. | PUT | 1,250,000 |
| Q1 2025 | SMH VanEck Semiconductor ETF | PUT | 100,000 |
| Q1 2025 | SPYX SPDR S&P 500 Fossil Fuel Reserv | PUT | 4,500,000 |
| Q1 2024 | MSFT Microsoft Corporation | PUT | 150,000 |
| Q4 2023 | ARKK ARK Innovation ETF | CALL | 2,550,000 |
| Q1 2023 | XLF SPDR Select Sector Fund - Finan | PUT | 1,316,800 |
| Q2 2019 | QCOM QUALCOMM Incorporated | CALL | 75,000 |
| Q2 2019 | QQQ Invesco QQQ Trust, Series 1 | CALL | 8,261,400 |
| Q2 2019 | SPY SPDR S&P 500 | CALL | 18,206,800 |
| Q1 2019 | BABA Alibaba Group Holding Limited | CALL | 300,000 |
| Q2 2018 | N6596X109 NXP Semiconductors | CALL | 440,000 |
| Q4 2017 | XLE SPDR Select Sector Fund - Energ | CALL | 2,007,200 |
| Q4 2017 | XLF SPDR Select Sector Fund - Finan | CALL | 1,254,500 |
| Q3 2017 | XLF SPDR Select Sector Fund - Finan | CALL | 8,104,100 |
| Q2 2017 | HAIN The Hain Celestial Group, Inc. | CALL | 117,300 |
| Q1 2017 | SPY SPDR S&P 500 | CALL | 1,500,000 |
| Q4 2016 | SPY SPDR S&P 500 | PUT | 1,000,000 |
| Q3 2016 | SPY SPDR S&P 500 | PUT | 2,500,000 |
| Q1 2016 | SPY SPDR S&P 500 | CALL | 2,700,000 |