Appaloosa
Picture
Moves
Options: 3 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| BABAAlibaba Group Holding Limited | 21.92% | 9,230,000 | $1.2B | trimmed−22% | +6.38 pp | 12 q |
| PDDPDD Holdings Inc. | 9.29% | 4,370,000 | $517M | trimmed−18% | +1.25 pp | 8 q |
| AMZNAmazon.Com Inc | 8.58% | 2,510,000 | $478M | trimmed−3% | −0.24 pp | 25 q |
| JDJD.com, Inc. | 5.95% | 8,050,000 | $331M | trimmed−23% | +0.34 pp | 5 q |
| METAMeta Platforms, Inc. Class A | 5.69% | 550,000 | $317M | added+12% | +1.25 pp | 35 q |
| GOOGAlphabet Inc. Class C | 5.64% | 2,010,000 | $314M | added+7% | +0.10 pp | 44 q |
| VSTVistra Corp. | 4.85% | 2,300,000 | $270M | trimmed−15% | −0.91 pp | 3 q |
| UBERUber Technologies, Inc. | 4.19% | 3,200,000 | $233M | added×2.1 | +2.79 pp | 16 q |
| FXIiShares China Large-Cap ETF | 3.61% | 5,600,000 | $201M | trimmed−16% | +0.48 pp | 5 q |
| NRGNRG Energy, Inc. | 3.52% | 2,050,000 | $196M | added+13% | +0.99 pp | 3 q |
| MSFTMicrosoft Corp | 3.44% | 510,000 | $191M | trimmed−47% | −2.89 pp | 21 q |
| KWEBKraneShares CSI China Internet ETF | 2.51% | 4,000,000 | $140M | trimmed−13% | +0.44 pp | 5 q |
| LYFTLyft, Inc. Class A | 1.92% | 9,000,000 | $107M | trimmed−33% | −0.77 pp | 5 q |
| ORCLOracle Corp | 1.76% | 700,000 | $98M | trimmed−50% | −1.85 pp | 6 q |
| ETEnergy Transfer LP | 1.66% | 4,957,235 | $92M | added+1% | +0.17 pp | 32 q |
| UNHUNITEDHEALTH GROUP INCORPORATED (Delaware) | 1.65% | 175,000 | $92M | added0% | +0.28 pp | 33 q |
| DBDeutsche Bank Aktiengesellschaft | 1.61% | 3,750,000 | $89M | new | +1.61 pp | new |
| GLWCorning Incorporated | 1.43% | 1,743,629 | $80M | added+16% | +0.33 pp | 2 q |
| BIDUBaidu, Inc. | 1.28% | 775,000 | $71M | trimmed−49% | −0.71 pp | 8 q |
| LHXL3Harris Technologies, Inc. | 1.13% | 300,000 | $63M | new | +1.13 pp | new |
| CZRCaesars Entertainment, Inc. | 0.99% | 2,200,000 | $55M | held | — | 10 q |
| QCOMQualcomm Inc | 0.97% | 350,000 | $54M | trimmed−56% | −0.93 pp | 8 q |
| ASMLASML Holding NV | 0.83% | 70,000 | $46M | trimmed−56% | −0.89 pp | 8 q |
| TSMTaiwan Semiconductor Manufacturing Company Ltd. | 0.81% | 270,000 | $45M | added+8% | +0.05 pp | 8 q |
| BEKEKE Holdings Inc. | 0.69% | 1,900,000 | $38M | trimmed−26% | −0.04 pp | 7 q |
| LRCXLam Research Corp | 0.65% | 500,000 | $36M | trimmed−60% | −0.75 pp | 8 q |
| MUMicron Technology, Inc. | 0.62% | 400,000 | $35M | trimmed−67% | −0.94 pp | 8 q |
| NVDANvidia Corp | 0.58% | 300,000 | $33M | trimmed−56% | −0.83 pp | 9 q |
| MPLXMplx LP | 0.56% | 578,500 | $31M | held | — | 18 q |
| WYNNWynn Resorts Ltd | 0.48% | 320,000 | $27M | trimmed−36% | −0.19 pp | 3 q |
| LVSLas Vegas Sands Corp. | 0.41% | 590,000 | $23M | trimmed−34% | −0.31 pp | 3 q |
| AVGOBroadcom Inc. | 0.39% | 130,000 | $22M | new | +0.39 pp | new |
| EXEEZChesapeake Energy -CW26 | 0.22% | 117,321 | $12M | trimmed−53% | −0.13 pp | 17 q |
| EXEELChesapeake Energy Corp -CW26 | 0.12% | 65,398 | $6M | trimmed−56% | −0.08 pp | 17 q |
| XYZBlock, Inc. | 0.07% | 75,000 | $4M | new | +0.07 pp | new |
| AMDAdvanced Micro Devices | — | −1,200,000 | — | exited | −2.24 pp | — |
| FDXFedEx Corporation | — | −350,000 | — | exited | −1.52 pp | — |
| EQTEqt Corp | — | −800,000 | — | exited | −0.57 pp | — |
| ARAntero Resources Corporation | — | −840,000 | — | exited | −0.46 pp | — |
| EXEExpand Energy Corporation | — | −295,000 | — | exited | −0.45 pp | — |
| INTCIntel Corp | — | −1,000,000 | — | exited | −0.31 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| SPYX PUT | 89.39% | 4,500,000 | $2.5B |
| AAPL PUT | 9.86% | 1,250,000 | $278M |
| SMH PUT | 0.75% | 100,000 | $21M |
Notes