Run by David Tepper since 1993. Makes big, flexible bets on where the economy is heading. Lately: memory-chip makers and giant tech companies.
If you’d given them $1,000 on January 1, by June 30 you’d have
You usually can’t invest in these funds: they’re for very wealthy people and institutions, often with millions to put in. The $1,000 is just a way to picture how they did.
$1,320
$1,320
32.0% in 2026, through Jun 30
Before fees.
The rose 9.6% over the same months (not counting dividends, the cash some companies pay their owners).
S&P 500 data: S&P Dow Jones Indices LLC, via FRED.
What they own
Biggest bets first. The % is how much of their stock money is in that company. Tap a stock to open its page.
Already owned
Added lately
Sold lately
A full bar is 20% of their money.
— aren’t counted in share of their money.
Just bought
17
Between April and June, compared with the report before.
Sold
17
Dollar amounts use the price on Jun 30, 2026, or on Mar 31, 2026 for stocks they sold completely.
Year by year
Each calendar year’s result for Appaloosa’s main fund. Appaloosa doesn’t publish its results. These figures are from news reports, which don’t say whether fees were taken out. The reports are mostly Bloomberg’s and Institutional Investor’s; the early years are Appaloosa Investment I. 2024 is left blank because reports disagree (about 8% or about 26%), as are years reported only roughly (“20-plus percent”).
From Jul 1, 1993 to Sep 30, 2009, it grew 30.7% a year on average. Up in 14 of the 17 years shown, down in 3.
Tap a year to see its result.
Up
Down
Part of a year
No figure found
No figures found for 1994, 1996, 2000–2002, 2004–2007, 2010, 2013, 2015–2016, 2018, 2021 and 2023–2024.
Not investment advice. For information and education only. Holdings: SEC Form 13F filings and the funds’ own letters. Returns: as reported by the funds or the press, linked at each number. Investors and money managed: the managers’ Form ADV filings with the SEC. Not affiliated with the SEC or any fund.