Appaloosa LP

Hedge Fund • Event Driven

Appaloosa LP is an Event Driven Hedge Fund based in Short Hills, NJ led by James Edward Bolin, reporting $17.7B in AUM as of Q2 2025 with 70% concentrated in top 10 holdings.

PresidentJames Edward Bolin

Portfolio Value: $5.9B
Positions: 34
Top Holding: BABA at 13.51%
Last Reported: Q2 2025

Address51 John F. Kennedy Parkway, Second Floor, Short Hills, NJ, 07078, United States

Top Holdings

Largest long holdings in Appaloosa LP's portfolio (70.3% of total portfolio)

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Holding	Sector	Market Value	Weight	Ownership	Owned Since
1 BABA Alibaba Group Holding Limited BABA	Unknown Unknown	$801.5M	13.51%	— 7.1M shares	Q4 2024 Held for 9 months
2 UnitedHealth Group UNH	Medical - Healthcare Plans Healthcare	$764.3M	12.89%	0.27% 2.5M shares	Q1 2017 Held for 8y 7m
3 Amazon AMZN	Specialty Retail Consumer Cyclical	$592.4M	9.99%	0.03% 2.7M shares	Q1 2019 Held for 6y 7m
4 Vistra VST	Independent Power Producers Utilities	$348.9M	5.88%	0.53% 1.8M shares	Q3 2024 Held for 1y 1m
5 NRG Energy NRG	Independent Power Producers Utilities	$317.9M	5.36%	1.01% 2.0M shares	Q3 2024 Held for 1y 1m
6 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$295.2M	4.98%	0.02% 400.0K shares	Q1 2016 Held for 9y 7m
7 Nvidia NVDA	Semiconductors Technology	$276.5M	4.66%	0.01% 1.8M shares	Q1 2023 Held for 2y 7m
8 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$266.1M	4.49%	0.01% 1.5M shares	Q1 2016 Held for 9y 7m
9 Uber Technologies UBER	Software - Application Technology	$256.6M	4.33%	0.13% 2.8M shares	Q2 2021 Held for 4y 4m
10 Microsoft MSFT	Software - Infrastructure Technology	$248.7M	4.19%	0.01% 500.0K shares	Q1 2020 Held for 5y 7m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Appaloosa LP's latest filing

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Market Value

$5.9B

Prior: $5.1B

Q/Q Change

+15.53%

+$797.1M

Net Flows % of MV

+7.86%

Turnover Ratio

20.63%

New Purchases

3 stocks

$364.9M

Added To

9 stocks

+$1.3B

Sold Out Of

3 stocks

$71.3M

Reduced Holdings

12 stocks

-$919.2M

Increased Positions

Position	Shares Δ	Change
1 Taiwan Semiconductor Manufacturing Company TSM	New	0 → 1.0M +$232.2M
2 Raytheon Technologies RTX	New	0 → 585.0K +$85.4M
3 IQVIA IQV	New	0 → 300.0K +$47.3M
4 UnitedHealth Group UNH	+1,300.0%	175.0K → 2.5M +$709.7M
5 Block XYZ	+755.73%	75.0K → 641.8K +$38.5M

Decreased Positions

Position	Shares Δ	Change
1 Wynn Resorts WYNN	Sold	320.0K → 0 −$26.7M
2 Las Vegas Sands LVS	Sold	590.0K → 0 −$22.8M
3 Broadcom Inc. AVGO	Sold	130.0K → 0 −$21.8M
4 iShares China Large-Cap ETF FXI	-82.14%	5.6M → 1.0M −$169.1M
5 Oracle ORCL	-78.57%	700.0K → 150.0K −$120.2M

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Analytics

Portfolio insights and performance metrics for Appaloosa LP

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Sector Allocation

Technology

28.40%

Healthcare

13.70%

Consumer Cyclical

11.70%

Utilities

11.20%

Communication Services

9.50%

Industrials

4.10%

ETF

2.90%

Energy

2.00%

Financial Services

2.00%

Market Cap Distribution

Mega Cap (> $200B)

41.75%

Large Cap ($10B - $200B)

31.61%

Mid Cap ($2B - $10B)

3.85%

Nano Cap (< $50M)

1.48%

N/A (ETF or Unknown)

21.31%

Portfolio Concentration

Top 10 Holdings %

70.28%

Top 20 Holdings %

91.33%

Top 50 Holdings %

100.0%

Top 100 Holdings %