David Tepper's Appaloosa Management disclosed a significant new investment in Boeing, acquiring 800,000 shares valued at approximately $173.18 million. The position, which accounted for a 2.24% portfolio weight, was revealed in a quarterly 13F filing and reflects the firm's holdings as of June 30, 2026. This move was part of a broader entry into the aviation sector, as the fund also established a new position in American Airlines during the same period. [1, 2]
Investors should note that 13F filings are delayed disclosures, reflecting trades made in the prior quarter and not necessarily Appaloosa's current position. The investment came as Boeing showed signs of a business recovery in the first half of 2026, reporting its highest quarterly aircraft deliveries since 2018 in the second quarter and holding a substantial order backlog. [1, 6, 7, 8] Some analysts view the trade as a contrarian bet on the aerospace giant's turnaround. [9]