Appaloosa LP Diversified Active

CIK: 0001656456 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $6,925,021 (100.0% shares, 0.0% debt)

Holdings (39)

New Positions (3)

EWY ISHARES INC 2.6%

Value ($000) $182,288 Shares 1,875,000 Est. Cost $97.22 Unrealized —

MU MICRON TECHNOLOGY INC 1.0%

Value ($000) $71,353 Shares 250,000 Est. Cost $179.93 Unrealized +27.5%

BALL BALL CORP 0.9%

Value ($000) $63,564 Shares 1,200,000 Est. Cost $49.09 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWY	ISHARES INC	1,875,000	$182,288	2.6%	$97.22	—	MSCI STH KOR ETF	464286772
MU	MICRON TECHNOLOGY INC	250,000	$71,353	1.0%	$179.93	+27.5%	CALL	595112103
BALL	BALL CORP	1,200,000	$63,564	0.9%	$49.09	0.0%	COM	058498106

Increased Positions (11)

MU MICRON TECHNOLOGY INC 6.2%

Value ($000) $428,115 (+411.7%) Shares 1,500,000 (+200.0%) Est. Cost $179.93 Unrealized +27.5%

GOOG ALPHABET INC 8.1%

Value ($000) $560,739 (+65.9%) Shares 1,786,931 (+28.8%) Est. Cost $153.94 Unrealized +86.0%

META META PLATFORMS INC 5.7%

Value ($000) $396,054 (+45.8%) Shares 600,000 (+62.2%) Est. Cost $427.59 Unrealized +56.1%

AAL AMERICAN AIRLS GROUP INC 3.1%

Value ($000) $216,920 (+108.6%) Shares 14,150,000 (+53.0%) Est. Cost $12.72 Unrealized +6.0%

OC OWENS CORNING NEW 1.5%

Value ($000) $106,315 (+365.4%) Shares 950,000 (+488.2%) Est. Cost $122.36 Unrealized -4.1%

MHK MOHAWK INDS INC 1.1%

Value ($000) $73,778 (+254.3%) Shares 675,000 (+318.0%) Est. Cost $115.11 Unrealized -0.2%

TSM TAIWAN SEMICONDUCTOR MFG LTD 5.0%

Value ($000) $343,396 (+16.0%) Shares 1,130,000 (+6.6%) Est. Cost $204.07 Unrealized —

LRCX LAM RESEARCH CORP 1.1%

Value ($000) $72,752 (+46.8%) Shares 425,000 (+14.9%) Est. Cost $85.38 Unrealized +82.0%

MPLX MPLX LP 0.5%

Value ($000) $33,490 (+25.3%) Shares 627,500 (+17.3%) Est. Cost $36.29 Unrealized —

DAL DELTA AIR LINES INC DEL 0.5%

Value ($000) $32,965 (+25.6%) Shares 475,000 (+2.7%) Est. Cost $46.00 Unrealized +35.7%

MSFT MICROSOFT CORP 3.5%

Value ($000) $241,810 (+0.9%) Shares 500,000 (+8.1%) Est. Cost $313.26 Unrealized +59.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	1,500,000 (+200.0%)	$428,115 (+411.7%)	6.2%	$179.93	+27.5%	COM	595112103
GOOG	ALPHABET INC	1,786,931 (+28.8%)	$560,739 (+65.9%)	8.1%	$153.94	+86.0%	CAP STK CL C	02079K107
META	META PLATFORMS INC	600,000 (+62.2%)	$396,054 (+45.8%)	5.7%	$427.59	+56.1%	CL A	30303M102
AAL	AMERICAN AIRLS GROUP INC	14,150,000 (+53.0%)	$216,920 (+108.6%)	3.1%	$12.72	+6.0%	COM	02376R102
OC	OWENS CORNING NEW	950,000 (+488.2%)	$106,315 (+365.4%)	1.5%	$122.36	-4.1%	COM	690742101
MHK	MOHAWK INDS INC	675,000 (+318.0%)	$73,778 (+254.3%)	1.1%	$115.11	-0.2%	COM	608190104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,130,000 (+6.6%)	$343,396 (+16.0%)	5.0%	$204.07	—	SPONSORED ADS	874039100
LRCX	LAM RESEARCH CORP	425,000 (+14.9%)	$72,752 (+46.8%)	1.1%	$85.38	+82.0%	COM NEW	512807306
MPLX	MPLX LP	627,500 (+17.3%)	$33,490 (+25.3%)	0.5%	$36.29	—	COM UNIT REP LTD	55336V100
DAL	DELTA AIR LINES INC DEL	475,000 (+2.7%)	$32,965 (+25.6%)	0.5%	$46.00	+35.7%	COM NEW	247361702
MSFT	MICROSOFT CORP	500,000 (+8.1%)	$241,810 (+0.9%)	3.5%	$313.26	+59.8%	COM	594918104

Exited Positions (9)

FISV FISERV INC 1.7%

Value ($000) $119,260 Shares 925,000 Est. Cost $143.31 Unrealized -41.5%

TFC TRUIST FINL CORP 0.9%

Value ($000) $63,437 Shares 1,387,500 Est. Cost $44.34 Unrealized +3.3%

CZR CAESARS ENTERTAINMENT INC NE 0.8%

Value ($000) $56,753 Shares 2,100,000 Est. Cost $45.71 Unrealized -50.8%

KEY KEYCORP 0.5%

Value ($000) $37,754 Shares 2,020,000 Est. Cost $18.18 Unrealized +1.7%

CFG CITIZENS FINL GROUP INC 0.5%

Value ($000) $31,896 Shares 600,000 Est. Cost $49.19 Unrealized +8.9%

CMA COMERICA INC 0.5%

Value ($000) $31,691 Shares 462,500 Est. Cost $66.25 Unrealized +20.7%

XYZ BLOCK INC 0.4%

Value ($000) $26,740 Shares 370,000 Est. Cost $60.10 Unrealized +14.8%

WAL WESTERN ALLIANCE BANCORP 0.2%

Value ($000) $16,910 Shares 195,000 Est. Cost $83.75 Unrealized -3.7%

ZION ZIONS BANCORPORATION N A 0.2%

Value ($000) $16,125 Shares 285,000 Est. Cost $55.64 Unrealized -2.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	FISERV INC	925,000	$119,260	1.7%	$143.31	-41.5%	—	337738108
TFC	TRUIST FINL CORP	1,387,500	$63,437	0.9%	$44.34	+3.3%	—	89832Q109
CZR	CAESARS ENTERTAINMENT INC NE	2,100,000	$56,753	0.8%	$45.71	-50.8%	—	12769G100
KEY	KEYCORP	2,020,000	$37,754	0.5%	$18.18	+1.7%	—	493267108
CFG	CITIZENS FINL GROUP INC	600,000	$31,896	0.5%	$49.19	+8.9%	—	174610105
CMA	COMERICA INC	462,500	$31,691	0.5%	$66.25	+20.7%	—	200340107
XYZ	BLOCK INC	370,000	$26,740	0.4%	$60.10	+14.8%	—	852234103
WAL	WESTERN ALLIANCE BANCORP	195,000	$16,910	0.2%	$83.75	-3.7%	—	957638109
ZION	ZIONS BANCORPORATION N A	285,000	$16,125	0.2%	$55.64	-2.1%	—	989701107

Decreased Positions (24)

BABA ALIBABA GROUP HLDG LTD 10.9%

Value ($000) $753,118 (-34.7%) Shares 5,137,931 (-20.3%) Est. Cost $77.72 Unrealized —

WHR WHIRLPOOL CORP 4.1%

Value ($000) $282,067 (-34.8%) Shares 3,910,000 (-28.9%) Est. Cost $91.35 Unrealized -19.2%

KWEB KRANESHARES TRUST 2.3%

Value ($000) $161,738 (-48.0%) Shares 4,750,000 (-35.8%) Est. Cost $33.85 Unrealized —

JD JD.COM INC 1.7%

Value ($000) $119,307 (-45.2%) Shares 4,157,046 (-33.2%) Est. Cost $33.10 Unrealized —

VST VISTRA CORP 2.2%

Value ($000) $152,457 (-37.5%) Shares 945,000 (-24.1%) Est. Cost $112.58 Unrealized +61.6%

UBER UBER TECHNOLOGIES INC 2.2%

Value ($000) $151,164 (-35.9%) Shares 1,850,000 (-23.1%) Est. Cost $56.51 Unrealized +59.3%

AMD ADVANCED MICRO DEVICES INC 1.0%

Value ($000) $69,602 (-54.7%) Shares 325,000 (-65.8%) Est. Cost $161.38 Unrealized +39.2%

BIDU BAIDU INC 1.1%

Value ($000) $75,130 (-45.4%) Shares 575,000 (-45.0%) Est. Cost $121.21 Unrealized —

LYFT LYFT INC 1.1%

Value ($000) $73,606 (-40.3%) Shares 3,800,000 (-32.1%) Est. Cost $14.09 Unrealized +47.5%

ET ENERGY TRANSFER L P 0.5%

Value ($000) $36,134 (-57.5%) Shares 2,191,250 (-55.8%) Est. Cost $9.12 Unrealized —

AMZN AMAZON COM INC 7.3%

Value ($000) $503,047 (-8.4%) Shares 2,179,391 (-12.8%) Est. Cost $125.35 Unrealized +82.5%

NRG NRG ENERGY INC 3.8%

Value ($000) $261,154 (-13.8%) Shares 1,640,000 (-12.3%) Est. Cost $85.79 Unrealized +92.7%

NVDA NVIDIA CORPORATION 4.6%

Value ($000) $317,050 (-10.6%) Shares 1,700,000 (-10.5%) Est. Cost $119.74 Unrealized +55.4%

PDD PDD HOLDINGS INC 2.9%

Value ($000) $201,267 (-15.4%) Shares 1,775,000 (-1.4%) Est. Cost $123.20 Unrealized —

GT GOODYEAR TIRE & RUBR CO 0.3%

Value ($000) $21,900 (-43.0%) Shares 2,500,000 (-51.4%) Est. Cost $9.60 Unrealized -17.9%

DB DEUTSCHE BANK A G 1.8%

Value ($000) $121,464 (-9.5%) Shares 3,150,000 (-16.9%) Est. Cost $20.76 Unrealized +73.8%

QCOM QUALCOMM INC 2.8%

Value ($000) $195,852 (-5.4%) Shares 1,145,000 (-8.0%) Est. Cost $143.46 Unrealized +19.1%

IQV IQVIA HLDGS INC 0.9%

Value ($000) $63,115 (+16.6%) Shares 280,000 (-1.8%) Est. Cost $150.55 Unrealized +44.5%

RTX RTX CORPORATION 1.3%

Value ($000) $91,700 (+7.6%) Shares 500,000 (-1.9%) Est. Cost $131.75 Unrealized +31.6%

LHX L3HARRIS TECHNOLOGIES INC 1.3%

Value ($000) $86,603 (-5.5%) Shares 295,000 (-1.7%) Est. Cost $208.98 Unrealized +38.0%

ASML ASML HOLDING N V 1.0%

Value ($000) $66,866 (+7.9%) Shares 62,500 (-2.3%) Est. Cost $720.79 Unrealized —

UNH UNITEDHEALTH GROUP INC 1.0%

Value ($000) $66,022 (-6.0%) Shares 200,000 (-1.7%) Est. Cost $371.47 Unrealized -9.2%

GLW CORNING INC 2.0%

Value ($000) $137,487 (+3.1%) Shares 1,570,200 (-3.4%) Est. Cost $46.66 Unrealized +84.3%

FXI ISHARES TR 0.6%

Value ($000) $41,640 (-8.8%) Shares 1,087,500 (-2.0%) Est. Cost $26.58 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	5,137,931 (-20.3%)	$753,118 (-34.7%)	10.9%	$77.72	—	SPONSORED ADS	01609W102
WHR	WHIRLPOOL CORP	3,910,000 (-28.9%)	$282,067 (-34.8%)	4.1%	$91.35	-19.2%	COM	963320106
KWEB	KRANESHARES TRUST	4,750,000 (-35.8%)	$161,738 (-48.0%)	2.3%	$33.85	—	CSI CHI INTERNET	500767306
JD	JD.COM INC	4,157,046 (-33.2%)	$119,307 (-45.2%)	1.7%	$33.10	—	SPON ADS CL A	47215P106
VST	VISTRA CORP	945,000 (-24.1%)	$152,457 (-37.5%)	2.2%	$112.58	+61.6%	COM	92840M102
UBER	UBER TECHNOLOGIES INC	1,850,000 (-23.1%)	$151,164 (-35.9%)	2.2%	$56.51	+59.3%	COM	90353T100
AMD	ADVANCED MICRO DEVICES INC	325,000 (-65.8%)	$69,602 (-54.7%)	1.0%	$161.38	+39.2%	COM	007903107
BIDU	BAIDU INC	575,000 (-45.0%)	$75,130 (-45.4%)	1.1%	$121.21	—	SPON ADR REP A	056752108
LYFT	LYFT INC	3,800,000 (-32.1%)	$73,606 (-40.3%)	1.1%	$14.09	+47.5%	CL A COM	55087P104
ET	ENERGY TRANSFER L P	2,191,250 (-55.8%)	$36,134 (-57.5%)	0.5%	$9.12	—	COM UT LTD PTN	29273V100
AMZN	AMAZON COM INC	2,179,391 (-12.8%)	$503,047 (-8.4%)	7.3%	$125.35	+82.5%	COM	023135106
NRG	NRG ENERGY INC	1,640,000 (-12.3%)	$261,154 (-13.8%)	3.8%	$85.79	+92.7%	COM NEW	629377508
NVDA	NVIDIA CORPORATION	1,700,000 (-10.5%)	$317,050 (-10.6%)	4.6%	$119.74	+55.4%	COM	67066G104
PDD	PDD HOLDINGS INC	1,775,000 (-1.4%)	$201,267 (-15.4%)	2.9%	$123.20	—	SPONSORED ADS	722304102
GT	GOODYEAR TIRE & RUBR CO	2,500,000 (-51.4%)	$21,900 (-43.0%)	0.3%	$9.60	-17.9%	COM	382550101
DB	DEUTSCHE BANK A G	3,150,000 (-16.9%)	$121,464 (-9.5%)	1.8%	$20.76	+73.8%	NAMEN AKT	D18190898
QCOM	QUALCOMM INC	1,145,000 (-8.0%)	$195,852 (-5.4%)	2.8%	$143.46	+19.1%	COM	747525103
IQV	IQVIA HLDGS INC	280,000 (-1.8%)	$63,115 (+16.6%)	0.9%	$150.55	+44.5%	COM	46266C105
RTX	RTX CORPORATION	500,000 (-1.9%)	$91,700 (+7.6%)	1.3%	$131.75	+31.6%	COM	75513E101
LHX	L3HARRIS TECHNOLOGIES INC	295,000 (-1.7%)	$86,603 (-5.5%)	1.3%	$208.98	+38.0%	COM	502431109
ASML	ASML HOLDING N V	62,500 (-2.3%)	$66,866 (+7.9%)	1.0%	$720.79	—	N Y REGISTRY SHS	N07059210
UNH	UNITEDHEALTH GROUP INC	200,000 (-1.7%)	$66,022 (-6.0%)	1.0%	$371.47	-9.2%	COM	91324P102
GLW	CORNING INC	1,570,200 (-3.4%)	$137,487 (+3.1%)	2.0%	$46.66	+84.3%	COM	219350105
FXI	ISHARES TR	1,087,500 (-2.0%)	$41,640 (-8.8%)	0.6%	$26.58	—	CHINA LG-CAP ETF	464287184

Unchanged Positions (1)

UAL UNITED AIRLS HLDGS INC 0.8%

Value ($000) $51,996 Shares 465,000 Est. Cost $73.67 Unrealized +37.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UAL	UNITED AIRLS HLDGS INC	465,000	$51,996	0.8%	$73.67	+37.2%	COM	910047109