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.
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.
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..
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.
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.
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.
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 | |||
| Showing first 500 out of 37 holdings | |||