Appaloosa holds put options on Apple: contracts that pay off if its price goes down. They cover 835,000 shares, worth about $242 million. They bought them for the first time between April and June.
Mar 31
None
Jun 30
835,000
The numbers
Shares it covers
835,000
Value of the shares it covers
$241,615,600
about $242 million
Share of their money
Not counted
Options aren’t part of their stock money
Kind
Put option: a bet the price goes down
A contract that bets on a price going up (a call) or down (a put), instead of owning the shares.
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The value uses the price on Jun 30, 2026. The fund may have paid a different price.