David Tepper · quarter digest
What David Tepper did in Q3 2025
Appaloosa Management filed 43 moves in Q3 2025: 11 new, 9 add, 20 trim, 3 exit.
13F filed 2025-11-14. Manager quality score: q9. Philosophy: Distressed + macro. Go big when the setup is right.
New positions · 11
Fresh money
NEW·4.2% book·+26
“New Alibaba position — China contrarian.”
AMDADVANCED MICRO DEVICES INC
NEW·2.1% book·−23
FISVFISERV INC
NEW·1.6% book·−9
AALAMERICAN AIRLS GROUP INC
NEW·1.4% book·−10
TFCTRUIST FINL CORP
NEW·0.9% book·−4
KEYKEYCORP
NEW·0.5% book·−10
CFGCITIZENS FINL GROUP INC
NEW·0.4% book·−7
CMACOMERICA INC
NEW·0.4% book·−7
OCOWENS CORNING NEW
NEW·0.3% book·−4
WALWESTERN ALLIANCE BANCORP
NEW·0.2% book·−11
ZIONZIONS BANCORPORATION N A
NEW·0.2% book·−7
Adds · 9
Adding to conviction
ADD +22%·9.8% book·−2
“Building META conviction.”
ADD +35%·8.4% book·+1
“Big NVDA add.”
WHRWHIRLPOOL CORP
ADD +1967%·5.9% book·+1
KWEBKRANESHARES TRUST
ADD +85%·4.2% book·−3
QCOMQUALCOMM INC
ADD +256%·2.8% book·−12
BIDUBAIDU INC
ADD +67%·1.9% book·0
FXIISHARES TR
ADD +11%·0.6% book·−2
GTGOODYEAR TIRE & RUBR CO
ADD +496%·0.5% book·−8
MHKMOHAWK INDS INC
ADD +148%·0.3% book·−7
Trims · 20
Taking chips off
AMZNAMAZON COM INC
TRIM -7%·7.4% book·−6
GOOGALPHABET INC
TRIM -7%·4.6% book·+2
NRGNRG ENERGY INC
TRIM -6%·4.1% book·−1
VSTVISTRA CORP
TRIM -31%·3.3% book·+1
MSFTMICROSOFT CORP
TRIM -7%·3.2% book·−17
PDDPDD HOLDINGS INC
TRIM -10%·3.2% book·−12
UBERUBER TECHNOLOGIES INC
TRIM -12%·3.2% book·+15
JDJD.COM INC
TRIM -11%·2.9% book·+7
GLWCORNING INC
TRIM -7%·1.8% book·−10
LYFTLYFT INC
TRIM -30%·1.7% book·−24
LHXL3HARRIS TECHNOLOGIES INC
TRIM -14%·1.2% book·−6
RTXRTX CORPORATION
TRIM -13%·1.2% book·−6
MUMICRON TECHNOLOGY INC
TRIM -39%·1.1% book·+22
UNHUNITEDHEALTH GROUP INC
TRIM -92%·1.0% book·−24
ASMLASML HOLDING N V
TRIM -9%·0.8% book·+9
LRCXLAM RESEARCH CORP
TRIM -7%·0.7% book·−3
UALUNITED AIRLS HLDGS INC
TRIM -16%·0.6% book·−7
XYZBLOCK INC
TRIM -42%·0.4% book·−15
DALDELTA AIR LINES INC DEL
TRIM -16%·0.4% book·−11
MPLXMPLX LP
TRIM -8%·0.4% book·−2
Exits · 3
Closed positions
INTCINTEL CORP
EXIT·0.0% book·+1
ORCLORACLE CORP
EXIT·0.0% book·−18
BEKEKE HLDGS INC
EXIT·0.0% book·−21
Current top holdings
David Tepper’s book, latest snapshot
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Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.
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