Appaloosa Management’s Strategic Moves
David Tepper’s hedge fund, Appaloosa Management, reported a 32% gross return in the first half of 2026. In its recent 13F filing for Q2 2026, the fund revealed a significant reduction in its positions, selling 41% of its stake in Micron Technology and completely divesting from Sandisk. Currently, Micron remains the second-largest holding at approximately 15% of Appaloosa’s publicly traded equity portfolio.
Additionally, Tepper acquired large put options on Apple, covering 835,000 shares valued at $242 million, indicating a bearish outlook on the tech giant. His strategy appears to reflect a belief in the cyclical nature of the memory chip market, influenced by the recent high demand due to AI technology, while also positioning against Apple’s growing costs tied to increasing memory prices.
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