Appaloosa Exits 12 Q2 Positions, Keeping $1.13 Billion Micron Bet
Updated
Updated · 24/7 Wall St. · Aug 16
Appaloosa Exits 12 Q2 Positions, Keeping $1.13 Billion Micron Bet
3 articles · Updated · 24/7 Wall St. · Aug 16
Summary
Appaloosa’s Aug. 14 13F showed it fully sold 12 holdings by June 30, including SanDisk, Microsoft, Lyft, RTX, L3Harris, PDD, JD.com and KWEB.
The pattern points to a narrower portfolio: David Tepper cut broad thematic exposure while keeping concentrated conviction bets, most notably 975,000 Micron shares valued at $1.125 billion.
China was reduced rather than abandoned—Appaloosa exited PDD, JD.com and KWEB, trimmed Alibaba by 1.465 million shares, but added 602,900 Baidu shares to 1.295 million.
Defense was the clearest retreat, with no remaining RTX or L3Harris stake, while memory stayed a core theme despite the SanDisk exit after a 591% year-to-date surge.
Post-quarter performance has been mixed, underscoring 13F limits: SanDisk and Corning fell from June 30 levels, but RTX and Lyft rose, and the filing may not reflect current positions.