---
name: Copy Appaloosa
kind: hedgecopy-fund
cik: 0001656456
latest_13f_period: 2026-06-30
latest_13f_filed: 2026-08-14
author: HedgeCopy
---

# Copy Appaloosa (13F follow-the-filing)

Appaloosa files a 13F-HR with the SEC each quarter (CIK 0001656456). This skill describes a
long-only copy portfolio built from that filing, bought the trading day after it is filed.

## Track record (estimated from 13F holdings, net of 10 bps per unit of turnover)
- Annualised return copying the filings, last 3 years (headline): +32.6% vs SPY +22.9% (alpha +9.7%/yr)
- Annualised since the series started (2021-02-19 to 2026-10-09): +20.7% vs SPY +14.5%
- Follow-the-filing TTM: +13.4% vs SPY +16.2% (alpha -2.8%)
- Quarters of history: 23; average coverage 94%; flags: none

## Latest disclosed top holdings (2026-06-30)
| # | Ticker | Issuer | Weight |
|---|---|---|---|
| 1 | AMZN | AMAZON COM INC | 16.0% |
| 2 | MU | MICRON TECHNOLOGY INC | 15.1% |
| 3 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 10.5% |
| 4 | GOOG | ALPHABET INC | 8.7% |
| 5 | UBER | UBER TECHNOLOGIES INC | 7.4% |
| 6 | EWY | ISHARES INC | 6.6% |
| 7 | META | META PLATFORMS INC | 5.1% |
| 8 | VST | VISTRA CORP | 4.7% |
| 9 | NVDA | NVIDIA CORPORATION | 4.1% |
| 10 | NRG | NRG ENERGY INC | 3.4% |
| 11 | BABA | ALIBABA GROUP HLDG LTD | 2.6% |
| 12 | BA | BOEING CO | 2.3% |
| 13 | LRCX | LAM RESEARCH CORP | 2.2% |
| 14 | BIDU | BAIDU INC | 2.0% |
| 15 | AAL | AMERICAN AIRLINES GROUP INC | 1.8% |
| 16 | AMD | ADVANCED MICRO DEVICES INC | 1.5% |
| 17 | CRWV | COREWEAVE INC | 1.4% |
| 18 | — | ASML HLDG NV | 1.3% |
| 19 | AVGO | BROADCOM INC | 0.8% |
| 20 | QCOM | QUALCOMM INC | 0.6% |

## About the fund

Appaloosa is an investment firm founded by David Tepper and Jack Walton that specializes in distressed debt and event-driven strategies. Originally a hedge fund, the firm has transitioned into a single family office managing primarily David Tepper's personal capital.

- Strategy: Credit, distressed debt, and event-driven equity
- Type: Activist, Macro, Long/short equity, Value, Event-driven, Credit / distressed
- Founders: David Tepper, Jack Walton
- Key people: David Alan Tepper (President of the General Partner); Michael Louis Palmer (Treasurer of the General Partner; Chief Financial Officer); Jeffrey L. Kaplan (Chief Operating Officer); David Andrew Bersh (Chief Compliance Officer; General Counsel; Secretary of the General Partner); James Edward Bolin (Vice President of the General Partner)
- Founded 1993 · HQ Short Hills, New Jersey, United States
- Reported AUM: $20.4bn (as of March 25, 2026)

### Approach
Appaloosa employs an event-driven, fundamental research-based strategy focused on concentrated, high-conviction positions. The firm invests in global public equity and fixed income markets, with a particular emphasis on distressed debt, high-yield bonds, bank loans, and special situations. It seeks to achieve annual returns that significantly exceed those of buy-and-hold strategies.

### History
Appaloosa was founded in 1993 by David Tepper and Jack Walton as a distressed debt investment shop. The firm grew significantly through the 2000s and became known for its high-conviction, concentrated bets, including notable trades during the 2008 financial crisis. In 2019, the firm began converting from a hedge fund open to outside investors into a single family office to manage David Tepper's personal capital.

### Notable positions / campaigns
- Conseco and Marconi (2002): Distressed debt positions in Conseco and Marconi.
- Delphi (2007): Sizable stake in the bankrupt auto-parts supplier.
- Citigroup and Bank of America (2009): Purchases of preferred shares near the bottom of the financial crisis.

_Profile generated 2026-10-09 from public sources; may be incomplete or out of date._

## Rules
- Hold the top 20 long US-equity positions from the latest 13F-HR, weighted as reported.
- Rebalance on the first trading day after each new 13F-HR is filed. Cash only, paper only.

## Parameters
```json
{
  "params": {
    "funds": [
      "0001656456"
    ],
    "top_n": 20,
    "weighting": "13f",
    "rebalance": "filing_plus_1",
    "budget_usd": 10000,
    "stop_loss_pct": null,
    "cash_only": true
  }
}
```

> Estimated from 13F holdings (long US equities only; no shorts, options, cash or fees). Past performance is not a guide to the future. Not investment advice. Paper trading only.