13F filing recap · Q4 2025

What did Appaloosa LP buy in Q4 2025?

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

Stock value

$6.85B

Positions

Estimated turnover

35.7%

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 Ishares and Ball Corporation while exiting Citizens Financial Group, Comerica, Fiserv, Keycorp, Block, Truist Financial, Western Alliance Bancorporation, Zions Bancorporation, and Caesars Entertainment. The firm also trimmed Alibaba, Amazon, Nvidia, and Whirlpool, and added to Alphabet. Micron Technology and Owens Corning saw dramatic increases, while Meta Platforms and American Airlines were substantially increased.

New positions

EWYIshares, Inc.$182.29Mreported value+1.88M shares BALLBall Corporation$63.56Mreported value+1.20M shares

Increased positions

GOOGAlphabet Inc.$560.74Mreported value+399.4K shares+28.8%MUMicron Technology, Inc.$428.12Mreported value+1.00M shares+200.0%METAMeta Platforms, Inc.$396.05Mreported value+230.0K shares+62.2%TSMTaiwan Semiconductor Manufacturing$343.40Mreported value+70.0K shares

Reduced positions

BABAAlibaba Group Holding Limited$753.12Mreported value-1.31M shares-20.3%AMZNAmazon.com Inc$503.05Mreported value-320.6K shares-12.8%NVDANvidia Corp$317.05Mreported value-200.0K shares-10.5%WHRWhirlpool Corp /de/$282.07Mreported value-1.59M shares

Exited positions

FISVFiserv Inc$119.26Mprior reported value-925.0K shares-100.0%TFCTruist Financial Corp$63.44Mprior reported value-1.39M shares-100.0%CZRCaesars Entertainment, Inc.$56.75Mprior reported value-2.10M shares-100.0%KEYKeycorp /new/$37.75Mprior reported value-2.02M shares