Investor: David Tepper
Number of Assets: 39
Reporting Period: Q4 - 2025
Holdings at Report: $6,925,020,650
Return Since Report: -$489,373,883
Return Since Report: -7.07%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Advanced Micro Devices Inc. (AMD) | Equity | -65.79% | 325,000 | 1.02% | $214.16 | $203.43 | $69,602,000 | $66,114,750 | -$3,487,250 | -5.01% |
| Alibaba Group Holding Limited (BABA) | Equity | -20.34% | 5,137,931 | 10.99% | $146.58 | $125.49 | $753,117,926 | $644,758,961 | -$108,358,965 | -14.39% |
| Alphabet Inc. (GOOG) | Equity | +28.79% | 1,786,931 | 8.18% | $313.80 | $286.39 | $560,738,948 | $511,759,169 | -$48,979,779 | -8.73% |
| Amazon.com Inc. (AMZN) | Equity | -12.82% | 2,179,391 | 7.34% | $230.82 | $208.30 | $503,047,031 | $453,967,145 | -$49,079,886 | -9.76% |
| American Airlines Group Inc. (AAL) | Equity | +52.97% | 14,150,000 | 3.17% | $15.33 | $10.74 | $216,919,500 | $151,971,000 | -$64,948,500 | -29.94% |
| ASML Holding N.V. (ASML) | Equity | -2.34% | 62,500 | 0.98% | $1,069.86 | $1,319.08 | $66,866,250 | $82,442,500 | +$15,576,250 | +23.29% |
| Baidu Inc. (BIDU) | Equity | -44.98% | 575,000 | 1.10% | $130.66 | $111.68 | $75,129,500 | $64,216,000 | -$10,913,500 | -14.53% |
| Ball Corp. (BALL) | Equity | +100% | 1,200,000 | 0.93% | $52.97 | $59.18 | $63,564,000 | $71,016,000 | +$7,452,000 | +11.72% |
| Corning Inc. (GLW) | Equity | -3.37% | 1,570,200 | 2.01% | $87.56 | $135.96 | $137,486,712 | $213,484,392 | +$75,997,680 | +55.28% |
| Delta Air Lines Inc. (DAL) | Equity | +2.70% | 475,000 | 0.48% | $69.40 | $66.50 | $32,965,000 | $31,585,125 | -$1,379,875 | -4.19% |
| Deutsche Bank Aktiengesellschaft (DBK.DE) | Equity | -16.89% | 3,150,000 | 1.77% | $38.56 | $25.12 | $121,464,000 | $79,112,250 | -$42,351,750 | -34.87% |
| Energy Transfer Lp (ET) | Equity | -55.80% | 2,191,250 | 0.53% | $16.49 | $19.25 | $36,133,713 | $42,170,606 | +$6,036,893 | +16.71% |
| The Goodyear Tire & Rubber Company (GT) | Equity | -51.36% | 2,500,000 | 0.32% | $8.76 | $6.69 | $21,900,000 | $16,725,000 | -$5,175,000 | -23.63% |
| Iqvia Holdings Inc. (IQV) | Equity | -1.75% | 280,000 | 0.92% | $225.41 | $169.92 | $63,114,800 | $47,577,320 | -$15,537,480 | -24.62% |
| Ishares MSCI South Korea ETF (EWY) | Equity | +100% | 1,875,000 | 2.66% | $97.22 | N/A | $182,287,500 | N/A | N/A | N/A |
| Ishares China Large-Cap ETF (FXI) | Equity | -2.03% | 1,087,500 | 0.61% | $38.29 | $35.83 | $41,640,375 | $38,959,688 | -$2,680,688 | -6.44% |
| JD.com Inc. (JD) | Equity | -33.22% | 4,157,046 | 1.74% | $28.70 | $29.58 | $119,307,220 | $122,944,635 | +$3,637,415 | +3.05% |
| Kraneshares Csi China Internet ETF (KWEB) | Equity | -35.81% | 4,750,000 | 2.36% | $34.05 | $28.49 | $161,737,500 | $135,327,500 | -$26,410,000 | -16.33% |
| L3Harris Technologies Inc. (LHX) | Equity | -1.67% | 295,000 | 1.26% | $293.57 | $345.17 | $86,603,150 | $101,825,150 | +$15,222,000 | +17.58% |
| Lam Research Corp. (LRCX) | Equity | +14.86% | 425,000 | 1.06% | $171.18 | $212.51 | $72,751,500 | $90,314,625 | +$17,563,125 | +24.14% |
| Lyft Inc. (LYFT) | Equity | -32.14% | 3,800,000 | 1.07% | $19.37 | $13.37 | $73,606,000 | $50,806,000 | -$22,800,000 | -30.98% |
| Meta Platforms Inc. (META) | Equity | +62.16% | 600,000 | 5.78% | $660.09 | $570.25 | $396,054,000 | $342,150,000 | -$53,904,000 | -13.61% |
| Micron Technology Inc. (MU) | Call | +100% | 250,000 | N/A | $285.41 | N/A | $71,352,500 | N/A | N/A | N/A |
| Micron Technology Inc. (MU) | Equity | +200.00% | 1,500,000 | 6.25% | $285.41 | $337.67 | $428,115,000 | $506,497,500 | +$78,382,500 | +18.31% |
| Microsoft Corp. (MSFT) | Equity | +8.11% | 500,000 | 3.53% | $483.62 | $370.17 | $241,810,000 | $185,085,000 | -$56,725,000 | -23.46% |
| Mohawk Industries Inc. (MHK) | Equity | +317.96% | 675,000 | 1.08% | $109.30 | $98.40 | $73,777,500 | $66,420,000 | -$7,357,500 | -9.97% |
| MPLX LP (MPLX) | Equity | +17.29% | 627,500 | 0.49% | $53.37 | $57.07 | $33,489,675 | $35,811,425 | +$2,321,750 | +6.93% |
| NRG Energy Inc. (NRG) | Equity | -12.30% | 1,640,000 | 3.81% | $159.24 | $146.60 | $261,153,600 | $240,424,000 | -$20,729,600 | -7.94% |
| Nvidia Corp. (NVDA) | Equity | -10.53% | 1,700,000 | 4.63% | $186.50 | $174.21 | $317,050,000 | $296,157,000 | -$20,893,000 | -6.59% |
| Owens Corning (OC) | Equity | +488.24% | 950,000 | 1.55% | $111.91 | $108.15 | $106,314,500 | $102,742,500 | -$3,572,000 | -3.36% |
| PDD Holdings Inc. (PDD) | Equity | -1.39% | 1,775,000 | 2.94% | $113.39 | $102.18 | $201,267,250 | $181,369,500 | -$19,897,750 | -9.89% |
| Qualcomm Inc. (QCOM) | Equity | -8.03% | 1,145,000 | 2.86% | $171.05 | $128.72 | $195,852,250 | $147,378,675 | -$48,473,575 | -24.75% |
| RTX Corp. (RTX) | Equity | -1.86% | 500,000 | 1.34% | $183.40 | $193.18 | $91,700,000 | $96,590,000 | +$4,890,000 | +5.33% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +6.60% | 1,130,000 | 5.01% | $303.89 | $337.70 | $343,395,700 | $381,601,000 | +$38,205,300 | +11.13% |
| Uber Technologies Inc. (UBER) | Equity | -23.14% | 1,850,000 | 2.21% | $81.71 | $71.89 | $151,163,500 | $132,996,500 | -$18,167,000 | -12.02% |
| United Airlines Holdings Inc. (UAL) | Equity | +0.54% | 465,000 | 0.76% | $111.82 | $91.97 | $51,996,300 | $42,766,050 | -$9,230,250 | -17.75% |
| UnitedHealth Group Inc. (UNH) | Equity | -1.72% | 200,000 | 0.96% | $330.11 | $270.78 | $66,022,000 | $54,156,000 | -$11,866,000 | -17.97% |
| Vistra Corp. (VST) | Equity | -24.10% | 945,000 | 2.22% | $161.33 | $150.26 | $152,456,850 | $141,995,700 | -$10,461,150 | -6.86% |
| Whirlpool Corp. (WHR) | Equity | -28.91% | 3,910,000 | 4.12% | $72.14 | $53.91 | $282,067,400 | $210,788,100 | -$71,279,300 | -25.27% |