Appaloosa
Picture
Moves
Options: 4 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added+0.95
- trimmed−0.33
- trimmed−0.81
- trimmed−1.80
Positions
| GMGeneral Motors Company | 13.60% | 15,296,165 | $574M | added+4% | +0.95 pp | 8 q |
| HCAHCA Healthcare, Inc. | 8.75% | 4,906,582 | $369M | trimmed−2% | −0.33 pp | 8 q |
| unresolvedPriceline Grp Inc | 8.50% | 307,974 | $359M | trimmed−3% | −0.42 pp | 5 q |
| GTGoodyear Tire & Rubber | 6.41% | 9,987,416 | $270M | trimmed−2% | −0.81 pp | 8 q |
| UALUnited Airlines Holdings, Inc. | 6.33% | 3,968,469 | $267M | trimmed−19% | −1.80 pp | 8 q |
| WHRWhirlpool Corp. | 5.42% | 1,132,293 | $229M | trimmed−33% | −2.71 pp | 8 q |
| GOOGAlphabet Inc. Class C | 5.30% | 407,937 | $224M | trimmed−18% | −1.20 pp | 4 q |
| DALDelta Air Lines, Inc. | 4.98% | 4,671,539 | $210M | added+45% | +1.07 pp | 8 q |
| unresolvedGoogle Inc. | 4.50% | 342,437 | $190M | trimmed−7% | −0.34 pp | 8 q |
| NXPINXP Semiconductors N.V. | 4.35% | 1,827,609 | $183M | trimmed−22% | −0.09 pp | 3 q |
| HUNHuntsman Corporation | 4.25% | 8,082,950 | $179M | added+32% | +0.81 pp | 8 q |
| OCOwens Corning | 3.02% | 2,935,026 | $127M | added+4% | +0.51 pp | 8 q |
| MASMasco Corporation | 2.73% | 4,310,909 | $115M | trimmed−6% | −0.13 pp | 8 q |
| MUMicron Technology, Inc. | 2.29% | 3,553,207 | $96M | new | +2.29 pp | new |
| JBLUJetBlue Airways Corp | 2.16% | 4,730,125 | $91M | new | +2.16 pp | new |
| HDSHD Supply Holdings, Inc. | 2.10% | 2,842,471 | $89M | added×2.2 | +1.15 pp | 6 q |
| EMNEastman Chemical Company | 1.50% | 910,729 | $63M | added+92% | +0.61 pp | 6 q |
| unresolvedChicago Bridge & Iron Co N V | 1.40% | 1,196,848 | $59M | trimmed−11% | 0.00 pp | 8 q |
| unresolvedLorillard Inc | 1.31% | 843,600 | $55M | trimmed−22% | −0.36 pp | 3 q |
| unresolvedU S G Corp | 1.20% | 1,892,842 | $51M | new | +1.20 pp | new |
| TG7Triumph Group Inc | 1.18% | 832,270 | $50M | added+10% | −0.08 pp | 6 q |
| RFRegions Financial Corp. | 1.15% | 5,141,898 | $49M | new | +1.15 pp | new |
| URIUnited Rentals, Inc. | 1.11% | 514,046 | $47M | new | +1.11 pp | new |
| unresolvedAxiall Corp | 1.10% | 992,889 | $47M | trimmed−13% | −0.09 pp | 8 q |
| TEXTerex Corporation | 1.01% | 1,603,306 | $43M | trimmed−3% | −0.13 pp | 8 q |
| MHKMohawk Industries, Inc. | 0.89% | 201,807 | $37M | new | +0.89 pp | new |
| unresolvedRyland Group Inc | 0.85% | 735,809 | $36M | trimmed−17% | 0.00 pp | 4 q |
| LENLennar Corporation Class A | 0.75% | 609,988 | $32M | new | +0.75 pp | new |
| DHID.R. Horton Inc. | 0.73% | 1,080,898 | $31M | new | +0.73 pp | new |
| KBRKBR, Inc. | 0.58% | 1,700,802 | $25M | trimmed−17% | −0.27 pp | 8 q |
| BACBank of America Corporation | 0.24% | 650,000 | $10M | new | +0.24 pp | new |
| unresolvedGeneral Mtrs Co | 0.13% | 190,011 | $5M | held | — | 8 q |
| SPYState Street SPDR S&P 500 ETF Trust | 0.11% | 22,854 | $5M | held | — | 8 q |
| unresolvedGeneral Mtrs Co | 0.09% | 190,011 | $4M | held | — | 8 q |
| AALAmerican Airlines Group Inc. | — | −4,355,050 | — | exited | −5.77 pp | — |
| unresolvedAmerican Rlty Cap Pptys Inc | — | −2,927,632 | — | exited | −0.65 pp | — |
| unresolvedThe Hartford Financial Services Group | — | −500,000 | — | exited | −0.42 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| SPY CALL | 62.62% | 4,500,000 | $929M |
| Powershares Qqq Trust Series 1 CALL | 27.86% | 3,913,100 | $413M |
| GM CALL | 7.68% | 3,036,500 | $114M |
| GOOG CALL | 1.84% | 50,000 | $27M |
Notes