Appaloosa adds Apple puts, Boeing, and CoreWeave; raises Amazon and TSMC while trimming Micron and Alibaba

During the quarter ending June 30, 2026, Appaloosa LP made several significant adjustments across its $7.73 billion reported equity portfolio, highlighted by increased exposure to mega-cap tech and substantial portfolio rebalancing. The fund expanded its largest holding, Amazon.com Inc (AMZN), by 16% to $1.19 billion, and increased Taiwan Semiconductor Manufacturing (TSM) by 24% to $787.99 million. Meta Platforms Inc (META) saw a 55% share-count increase to $380.22 million, while stakes in Uber Technologies Inc (UBER) and Alphabet Inc (GOOG) were raised to $555.20 million (+21%) and $653.66 million (+7%), respectively. Appaloosa also lifted its Baidu Inc (BIDU) position by 87% to $148.01 million.

Simultaneously, the fund trimmed several prominent positions and initiated key new bets. Micron Technology Inc (MU) was reduced by 41% to $1.13 billion, and Alibaba Group Holding Ltd (BABA) was cut by 42% to $191.96 million. Significant trims were also made to Whirlpool Corp (-63% to $28.19 million) and Qualcomm Inc (-50% to $46.20 million). Notable new entries included Apple Inc (AAPL) put options valued at $241.62 million (3.1% of the portfolio), Boeing Co (BA) at $173.18 million (2.2%), American Airlines Group Inc (AAL) at $135.53 million (1.8%), and CoreWeave Inc (CRWV) at $107.33 million (1.4%).

Appaloosa completely exited multiple positions during the period. The largest liquidations included SanDisk Corp ($178.69 million prior value), Corning Inc ($153.58 million), and PDD Holdings Inc ($91.96 million). The fund also closed out aerospace and defense holdings in L3Harris Technologies ($68.34 million) and RTX Corporation ($65.97 million), along with exits in JD.com, Lyft, Microsoft, KraneShares CSI China Internet ETF (KWEB), and UnitedHealth Group.

Position changes