Appaloosa Management, founded by David Tepper and Jack Walton, showed notable shifts in both position size and allocation between Q4 2024 and Q4 2025. At the close of 2025, Appaloosa reported AUM of $6.93B, slightly lower than $6.46B a year earlier.
The American hedge fund decreased its shares in Chinese tech giant Alibaba (BABA) to 5.14M shares from 11.8M in Q4 2024. The firm also reduced its stake in Alphabet (GOOG) by 5% and in Amazon (AMZN) by 16% when compared to a year ago.
Meanwhile, it has increased its position in Meta Platforms (META) to 600K from 490K, in Nvidia (NVDA) to 1.7M from 680K, and in Taiwan Semiconductor Manufacturing Company (TSM) by over 300% to 1.13M compared to Q4 2024.
Appaloosa took a new position at American Airlines (AAL) when compared to a year ago. The firm now holds shares worth $216.92M in the U.S. airline company. It has also started a new position in Whirlpool (WHR), RTX Corporation (RTX), Micron Technology (MU), L3Harris (LHX), and others.
Among the names that the manager completely exited are Oracle (ORCL), Intel (INTC), Caesars Entertainment (CZR), Wynn Resorts (WYNN), and others.
Check SA quant ratings on Appaloosa’s top 15 holdings (in terms of value):
- Alibaba Group Holding (BABA): Quant rating: 3.25 – Hold
- Alphabet (GOOG): Quant rating: 3.48 – Hold
- Amazon (AMZN): Quant rating: 3.41 – Hold
- Micron Technology (MU): Quant rating: 4.99 – Strong Buy
- Meta Platforms (META): Quant rating: 3.39 – Hold
- Taiwan Semiconductor Manufacturing Company (TSM): Quant rating: 3.49 – Hold
- Nvidia (NVDA): Quant rating: 3.49 – Hold
- Whirlpool (WHR): Quant rating: 2.84 – Hold
- NRG Energy (NRG): Quant rating: 3.01 – Hold
- Microsoft (MSFT): Quant rating: 3.49 – Hold
- American Airlines (AAL): Quant rating: 4.95 – Strong Buy
- PDD Holdings (PDD): Quant rating: 3.42 – Hold
- Qualcomm (QCOM): Quant rating: 2.89 – Hold
- iShares MSCI South Korea ETF (EWY): Quant rating: 4.83 – Strong Buy
- KraneShares CSI China Internet ETF (KWEB): Quant rating: 1.22 – Strong Sell