13F filing recap · Q3 2024

What did Appaloosa LP buy in Q3 2024?

Reported stock-position changes between this filing and the previous one.

Stock value

$6.73B

Positions

Estimated turnover

31.3%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Appaloosa LP opened new positions in Vistra Corp., Nrg Energy, Las Vegas Sands, and Wynn Resorts, while exiting Boeing, Macy’s, and United Parcel Service. The firm dramatically increased its Pdd Holdings stake and substantially added to Jd.com and Lyft. It trimmed Adobe substantially, and made moderate reductions in Microsoft, Meta Platforms, Oracle, Advanced Micro Devices, Baidu, and several others.

New positions

VSTVistra Corp.$150.59Mreported value+1.27M shares NRGNrg Energy, Inc$91.08Mreported value+999.8K shares LVSLas Vegas Sands Corp$76.94Mreported value+1.53M shares WYNNWynn Resorts Ltd$76.70Mreported value+800.0K shares

Increased positions

PDDPdd Holdings Inc.$714.65Mreported value+3.36M shares+173.3%JDJd.com, Inc.$292.00Mreported value+2.99M shares+69.3%LYFTLyft, Inc.$200.81Mreported value+7.79M shares+97.8%BEKEKe Holdings Inc.$43.30Mreported value+90.0K shares

Reduced positions

BABAAlibaba Group Holding Limited$1.06Breported value-500.0K shares-4.8%AMZNAmazon.com Inc$596.26Mreported value-275.0K shares-7.9%MSFTMicrosoft Corporation$417.39Mreported value-211.4K shares-17.9%METAMeta Platforms, Inc.$357.77Mreported value-310.0K shares

Exited positions

UPSUnited Parcel Service, Inc$82.79Mprior reported value-605.0K shares-100.0%BAThe Boeing Company$38.22Mprior reported value-210.0K shares-100.0%MMacy'S, Inc.$24.29Mprior reported value-1.26M shares-100.0%