David Tepper's Appaloosa Management sold its entire position in Lyft (LYFT) during the second quarter of 2026, according to its latest 13F filing. The hedge fund liquidated 2,700,000 shares, a stake previously valued at approximately $35.91 million. This exit was one of 12 complete liquidations made by the fund during the quarter.
As with all 13F filings, this disclosure reflects the fund's holdings as of June 30, 2026, and the trades could have occurred anytime during the prior three-month period. The sale took place before Lyft announced its Q2 2026 earnings in early August, where it reported a record number of active riders and mixed financial results. Since the end of the second quarter, Lyft's stock has risen by 19.64% as of mid-August 2026.