Overview
- Appaloosa sold roughly 690,000 Micron shares in Q2, a reduction of about 41% that left the fund with 975,000 shares as of the quarter end.
- Despite the share-sale, the remaining Micron stake was valued at about $1.1 billion on June 30 because Micron’s share price surged sharply during the quarter.
- The fund reported a roughly $7.5 billion U.S.-listed equity portfolio on its June 30 13F and increased positions in large tech names including Amazon, Taiwan Semiconductor, Meta, Uber, Nvidia and Alphabet.
- The filing also shows option hedges reported against Apple, with put coverage reported for 835,000 shares, which suggests explicit downside protection in the quarter‑end holdings.
- The 13F is a delayed snapshot that does not show shorts, many derivatives or non‑U.S. holdings, and the moves reflect classic profit‑taking on a cyclical memory boom with possible second‑order effects for AI supply chains and cloud providers as capital shifts into picks‑and‑shovels and cloud leaders.