David Tepper sells 41% of Micron shares, and it’s still his second-largest holding

When you sell nearly half your position in a stock and it’s still your second-biggest bet, you know you’ve had a good quarter. David Tepper’s Appaloosa Management dumped 690,000 shares of Micron Technology during Q2 2026, trimming the fund’s stake by 41% to 975,000 shares. The punchline: the remaining position is worth approximately $1.13B, more than the entire stake was worth before the selloff. That’s what happens when a stock surges 242% in three months. The numbers behind the trim Appaloosa’s 13F filing, submitted on August 14, reveals a portfolio valued at roughly $7.5B to $7.7B. Even after the aggressive reduction, Micron still accounts for about 14.6% to 15% of the fund’s total equity holdings. Only Amazon sits higher in the pecking order, with a position worth around $1.19B. At quarter-end, MU shares were trading at approximately $1,154 per share. For context, that means Tepper’s 690,000 sold shares were worth somewhere in the neighborhood of $796M at exit prices, assuming he sold near the end of the quarter. The filing also showed Appaloosa completely exited its SanDisk position, which was valued at roughly $179M. Meanwhile, the fund increased its stake in Taiwan Semicondu...