David Tepper portfolio against fair value
Hedge fund manager known for bold bets in market downturns. Holdings from Appaloosa's 13F filing for Q2 2026, filed Aug 14, 2026. Fair value and quality as of Nov 8, 2026.
Of the 22 stocks we value in Appaloosa' 13F filing for Q2 2026, 13 trade below our fair value (as of Nov 8, 2026).
Adds the largest valued positions, as many as fit on your watchlist: 5 without an account, 10 with a free account, all with Pro.
All Appaloosa stocks with fair value
more than 10% below fair value (cheap)near fair value (±10%)more than 10% above fair value (expensive)
| Holding | Weight | vs prior qtr | vs fair value | Quality |
|---|---|---|---|---|
| Amazon.com Inc AMZN+16 % vs prior qtr | 15.4 % | +16 % | FV 46.0 % lower | 56 |
| Micron Technology Inc MU−41 % vs prior qtr | 14.6 % | −41 % | FV 10.2 % lower | 74 |
| Taiwan Semiconductor Manufacturing TSM+24 % vs prior qtr | 10.2 % | +24 % | 9.1 % below FV | 75 |
| Alphabet Inc Class C GOOG+7 % vs prior qtr | 8.5 % | +7 % | 10.2 % below FV | 68 |
| Uber Technologies Inc UBER+22 % vs prior qtr | 7.2 % | +22 % | 32.3 % below FV | 68 |
| Ishares Inc+1 % vs prior qtr | 6.3 % | +1 % | fund | n/a |
| Meta Platforms Inc. META+55 % vs prior qtr | 4.9 % | +55 % | 9.1 % below FV | 67 |
| Vistra Corp. VST+10 % vs prior qtr | 4.6 % | +10 % | FV 83.6 % lower | 40 |
| NVIDIA Corporation NVDA+4 % vs prior qtr | 4.0 % | +4 % | 6.0 % below FV | 75 |
| NRG Energy Inc. NRG+2 % vs prior qtr | 3.3 % | +2 % | FV 15.7 % lower | 52 |
| Alibaba Group Holding Ltd BABA−42 % vs prior qtr | 2.5 % | −42 % | 9.2 % below FV | 50 |
| The Boeing Company BAnew | 2.2 % | new | FV 72.5 % lower | 41 |
| Lam Research Corp LRCXunchanged | 2.2 % | unchanged | 9.1 % below FV | 88 |
| Baidu Inc BIDU+87 % vs prior qtr | 1.9 % | +87 % | FV 34.0 % lower | 37 |
| American Airlines Group AALnew | 1.8 % | new | FV 46.6 % lower | 43 |
| Advanced Micro Devices Inc AMD−11 % vs prior qtr | 1.5 % | −11 % | FV 67.0 % lower | 75 |
| CoreWeave, Inc. Class A CRWVnew | 1.4 % | new | 6.4 % below FV | 19 |
| ASML Holding NV ADR ASML+1 % vs prior qtr | 1.3 % | +1 % | 4.6 % below FV | 83 |
| Broadcom Inc AVGOnew | 0.7 % | new | 2.3 % below FV | 72 |
| Qualcomm Incorporated QCOMsplit | 0.6 % | split | 9.1 % below FV | 72 |
| Space Exploration Techn Corp SPCXnew | 0.5 % | new | no fair value | n/a |
| Energy Transfer LP ETunchanged | 0.4 % | unchanged | FV 20.1 % lower | 47 |
| MPLX LP MPLXunchanged | 0.4 % | unchanged | 21.1 % below FV | 63 |
| Whirlpool Corporation WHR−63 % vs prior qtr | 0.4 % | −63 % | 9.0 % below FV | 36 |
| Goodyear Tire & Rubr Co GTnew | 0.1 % | new | no fair value | n/a |
"Weight" is the share of the total reported value. "Vs prior qtr" compares the share count with the previous filing. "Not covered" means we could not match this position to one of our stocks with two independent sources, so we show no value.
Bought and sold in Q2 2026
New positions:
- The Boeing Company (2.2 %), FV 72.5 % lower
- American Airlines Group (1.8 %), FV 46.6 % lower
- CoreWeave, Inc. Class A (1.4 %), 6.4 % below FV
- Broadcom Inc (0.7 %), 2.3 % below FV
- Space Exploration Techn Corp (0.5 %)
- Goodyear Tire & Rubr Co (0.1 %)
Sold out:
- Sandisk Corp
- Corning Inc
- Pdd Holdings Inc
- L3harris Technologies Inc
- Rtx Corporation
- Ball Corp
- Jd.com Inc
- Lyft Inc
- Microsoft Corp
- Kraneshares Trust
- Unitedhealth Group Inc
- Deutsche Bk Ag
Options and bonds in the filing
These lines are not stock positions, so we do not value them. For options the filing reports the value of the underlying shares, not the price of the option.
| Security | Type | Weight |
|---|---|---|
| Apple Inc | Put | 3.1 % |
| Berkshire Hathaway Inc Del | Put | 0.2 % |
Frequently asked questions
What stocks does David Tepper own?
According to Appaloosa' 13F filing for Q2 2026 (filed Aug 14, 2026), the five largest positions are Amazon.com Inc (15.4 %), Micron Technology Inc (14.6 %), Taiwan Semiconductor Manufacturing (10.2 %), Alphabet Inc Class C (8.5 %), Uber Technologies Inc (7.2 %). In total the filing lists 25 stocks worth $7.7 bn.
Which David Tepper stocks trade below fair value?
13 of the 22 stocks we value. The largest of them: Taiwan Semiconductor Manufacturing: 9% below fair value; Alphabet Inc Class C: 10% below fair value; Uber Technologies Inc: 32% below fair value; Meta Platforms Inc.: 9% below fair value; NVIDIA Corporation: 6% below fair value. As of Nov 8, 2026, not financial advice.
How current is this list?
Large US investment managers report their US stock holdings to the SEC once a quarter (Form 13F), at the latest 45 days after quarter end. This list shows Q2 2026, filed Aug 14, 2026. Appaloosa may have bought or sold since. We recalculate our fair value daily, last on Nov 8, 2026.
Source of the holdings: 13F filing with the SEC (Appaloosa, CIK 1656456). A 13F covers only US-listed stocks, options and certain bonds, no short positions and no foreign shares. Fair value and quality are our valuation and do not account for your personal situation.