Appaloosa L.P. 13F annual report

Appaloosa L.P. is an investment fund managing more than $5.04 trillion ran by Michael Palmer. There are currently 30 companies in Mr. Palmer’s portfolio. The largest investments include Meta Platforms Inc and Microsoft, together worth $1.1 trillion.

$5.04 trillion Assets Under Management (AUM)

As of 7th November 2023, Appaloosa L.P.’s top holding is 1,950,000 shares of Meta Platforms Inc currently worth over $585 billion and making up 11.6% of the portfolio value. Relative to the number of outstanding shares of Meta Platforms Inc, Appaloosa L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 1,635,000 shares of Microsoft worth $516 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Amazon.com worth $477 billion and the next is NVIDIA Corp worth $446 billion, with 1,025,000 shares owned.

Currently, Appaloosa L.P.'s portfolio is worth at least $5.04 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Appaloosa L.P.

The Appaloosa L.P. office and employees reside in Short Hills, New Jersey. According to the last 13-F report filed with the SEC, Michael Palmer serves as the CFO at Appaloosa L.P..

Recent trades

In the most recent 13F filing, Appaloosa L.P. revealed that it had opened a new position in NVIDIA Corp and bought 1,025,000 shares worth $446 billion. This means they effectively own approximately 0.1% of the company. NVIDIA Corp makes up 14.2% of the fund's Technology sector allocation and has grown its share price by 198.4% in the past year.

The investment fund also strengthened its position in Meta Platforms Inc by buying 1,375,000 additional shares. This makes their stake in Meta Platforms Inc total 1,950,000 shares worth $585 billion. Meta Platforms Inc soared 188.2% in the past year.

On the other hand, there are companies that Appaloosa L.P. is getting rid of from its portfolio. Appaloosa L.P. closed its position in Constellation Energy Corp on 14th November 2023. It sold the previously owned 2,398,729 shares for $207 billion. Michael Palmer also disclosed a decreased stake in Energy Transfer L P by approximately 0.1%. This leaves the value of the investment at $137 billion and 9,781,876 shares.

One of the largest hedge funds

The two most similar investment funds to Appaloosa L.P. are Resolution Capital Ltd and Cincinnati Insurance Co. They manage $5.04 trillion and $5.05 trillion respectively.

Michael Palmer investment strategy

Appaloosa L.P.’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Technology — making up 62.5% of the total portfolio value. The fund focuses on investments in the United States as 63.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 70% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $241 billion.

The complete list of Appaloosa L.P. trades based on 13F SEC filings

These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Meta Platforms Inc	239.13% 1,950,000	$585,409,500,000	11.62%
Microsoft Corporation	595.74% 1,635,000	$516,251,250,000	10.25%
Amazon.com Inc.	150.00% 3,750,000	$476,700,000,000	9.46%
NVIDIA Corp	Opened 1,025,000	$445,864,750,000	8.85%
Alphabet Inc	37.84% 2,750,000	$362,587,500,000	7.20%
Uber Technologies Inc	491.84% 7,250,000	$333,427,500,000	6.62%
Alibaba Group Hldg Ltd	3,500.00% 3,600,000	$312,264,000,000	6.20%
Advanced Micro Devices Inc.	Opened 2,275,000	$233,915,500,000	4.64%
Intel Corp.	Opened 6,250,000	$222,187,500,000	4.41%
Constellation Energy Corp	Closed 2,398,729	$206,794,427,000
Fedex Corp	Opened 650,000	$172,198,000,000	3.42%
Qualcomm, Inc.	Opened 1,300,000	$144,378,000,000	2.87%
PDD Holdings Inc	Opened 1,400,000	$137,298,000,000	2.73%
Energy Transfer L P	4.13% 9,781,876	$137,239,720,000	2.72%
Unitedhealth Group Inc	33.33% 200,000	$100,838,000,000	2.00%
Micron Technology Inc.	Opened 1,400,000	$95,242,000,000	1.89%
Baidu Inc	Opened 665,000	$89,342,750,000	1.77%
Taiwan Semiconductor Mfg Ltd	Opened 1,000,000	$86,900,000,000	1.73%
EQT Corp	19.22% 2,060,000	$83,594,800,000	1.66%
Lam Research Corp.	Opened 120,000	$75,212,400,000	1.49%
Caesars Entertainment Inc Ne	258.82% 1,525,000	$70,683,750,000	1.40%
Macys Inc	15.97% 5,000,000	$58,050,000,000	1.15%
Antero Resources Corp	56.80% 1,960,000	$49,744,800,000	0.99%
JD.com Inc	Opened 1,675,000	$48,792,750,000	0.97%
Asml Holding N V	Opened 80,000	$47,092,800,000	0.93%
Arista Networks Inc	Opened 250,000	$45,982,500,000	0.91%
HCA Healthcare Inc	Closed 182,500	$43,792,700,000
Salesforce Inc	Closed 300,000	$39,777,000,000
KE Holdings Inc.	Opened 2,400,000	$37,248,000,000	0.74%
Southwestern Energy Company	Opened 4,800,000	$30,960,000,000	0.61%
Disney Walt Co	Closed 300,000	$26,064,000,000
Chesapeake Energy Corp.	19.78% 203,000	$17,504,690,000	0.35%
Enterprise Prods Partners L	4.25% 495,980	$13,574,973,000	0.27%
Sysco Corp.	Closed 150,000	$11,467,500,000
Alps Etf Tr	Closed 204,000	$7,766,280,000
MPLX LP	5.20% 182,325	$6,485,300,000	0.13%
Aptiv PLC	Closed 50,000	$4,656,500,000
No transactions found
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