In a 13F filing made public on August 14, 2026, it was revealed that David Tepper's Appaloosa fund significantly reduced its stake in Whirlpool Corp. during the second quarter. These filings disclose trades made in the quarter ending June 30, not same-day activity. The firm sold over 1.2 million shares, cutting its position by 63% to 715,000 shares. The remaining holding was valued at approximately $28.19 million.
This trade continues a pattern of selling by Appaloosa over the past three quarters. The reduction follows a public letter Tepper sent to Whirlpool's board in February 2026, criticizing an equity issuance and demanding a strategic overhaul. During the period of Tepper's reported sale, Whirlpool experienced mixed financial results, reporting a surprise quarterly loss in early August due to debt costs while reaffirming its full-year guidance.