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David Tepper

David Tepper Appaloosa LP

AUM $5.93B
1-Year Est. Return 44.55%
 

David Tepper, founder of Appaloosa Management, is a billionaire hedge fund manager renowned for his expertise in distressed debt investing and contrarian bets. He is known for high-risk, high-reward strategies that have generated significant returns, such as investing in struggling banks during the 2008 financial crisis. His investment philosophy emphasizes deep value analysis, understanding market psychology, and making high-conviction decisions, often going against prevailing sentiment.

This Fund
S&P 500
This Quarter Est. Return
+6.21%
1 Year Est. Return
+44.55%
3 Year Est. Return
+188.72%
5 Year Est. Return
+296.74%
10 Year Est. Return
+1,042.31%
AUM
$3.8B
AUM Growth
-$1.85B
Cap. Flow
-$2.06B
Cap. Flow %
-54.12%
Top 10 Hldgs %
66.78%
Holding
52
New
3
Increased
8
Reduced
22
Closed
15

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$226M
2
WDC icon
Western Digital
WDC
+$63.2M
3
MHK icon
Mohawk Industries
MHK
+$40.2M
4
SYF icon
Synchrony
SYF
+$30.5M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$21.2M

Top Sells

Rank Stock Value
1
DAL icon
Delta Air Lines
DAL
+$418M
2
META icon
Meta Platforms (Facebook)
META
+$186M
3
ETP
Energy Transfer Partners L.p.
ETP
+$170M
4
HCA icon
HCA Healthcare
HCA
+$154M
5
WPZ
Williams Partners L.P.
WPZ
+$118M

Sector Composition

Rank Sector Weight
1 Energy 20.61%
2 Communication Services 14.57%
3 Industrials 12.36%
4 Healthcare 12.33%
5 Financials 11.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TFCF
26
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$29.6M 0.78%
1,084,414
+127,431
+13% +$3.72M
KMI icon
27
Kinder Morgan
KMI
$70.1B
$28.1M 0.74%
1,500,000
-3,000,000
-67% -$53.5M
PPG icon
28
PPG Industries
PPG
$25.8B
$22.6M 0.6%
217,419
-413,043
-66% -$45.1M
GT icon
29
Goodyear
GT
$1.75B
$18.2M 0.48%
709,076
-243,814
-26% -$6.99M
USFD icon
30
US Foods
USFD
$24.3B
$17.9M 0.47%
+739,675
New +$18.1M
KYN icon
31
Kayne Anderson Energy Infrastructure Fund
KYN
$2.48B
$15.9M 0.42%
781,173
-233,767
-23% -$4.23M
GLBL
32
DELISTED
TerraForm Global, Inc. Class A Common Stock
GLBL
$12.1M 0.32%
3,701,067
+48,687
+1% +$133K
QHC
33
DELISTED
Quorum Health Corporation
QHC
$8.26M 0.22%
+771,436
New +$8.99M
SPY icon
34
State Street SPDR S&P 500 ETF Trust
SPY
$807B
$4.79M 0.13%
22,854
– –
GM.WS.A
35
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
$3.5M 0.09%
190,011
– –
GM.WS.B
36
DELISTED
General Motors Company
GM.WS.B
$1.98M 0.05%
190,011
– –
KMI.WS
37
DELISTED
Kinder Morgan Inc
KMI.WS
$13K ﹤0.01%
793,836
-218,924
-22% -$6.11K
AR icon
38
Antero Resources
AR
$11.6B
– –
-381,000
Closed -$9.47M
BAC icon
39
Bank of America
BAC
$448B
– –
-6,986,100
Closed -$94.5M
BHC icon
40
Bausch Health
BHC
$2.33B
– –
-945,000
Closed -$24.9M
CTRA
41
DELISTED
Coterra Energy
CTRA
– –
-1,263,000
Closed -$28.7M
DAL icon
42
Delta Air Lines
DAL
$59.5B
– –
-8,594,855
Closed -$418M
META icon
43
Meta Platforms (Facebook)
META
$1.53T
– –
-1,627,950
Closed -$186M
PFE icon
44
Pfizer
PFE
$152B
– –
-2,647,912
Closed -$74.5M
QQQ icon
45
CALL
Invesco QQQ Trust
QQQ
$478B
– –
-1,000,000
Closed -$109M
RRC icon
46
Range Resources
RRC
$9.5B
– –
-1,438,000
Closed -$46.6M
SPY icon
47
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$807B
– –
-2,700,000
Closed -$555M
THC icon
48
Tenet Healthcare
THC
$20.9B
– –
-348,405
Closed -$10.1M
URI icon
49
United Rentals
URI
$71.2B
– –
-578,512
Closed -$36M
SWN
50
DELISTED
Southwestern Energy Company
SWN
– –
-4,433,000
Closed -$35.8M
1
2
3

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David Tepper's Q2 2016 Portfolio in Review

As of Q2 2016, David Tepper held 52 positions worth $3.8B, down 33% from $5.66B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

David Tepper withdrew a net $2.06B in Q2 2016, closing 15 positions and reducing 22 holdings. Its most notable exit was Delta Air Lines, an estimated $418M position sold in full.

By sector, the portfolio is most concentrated in Energy at 21% of assets, up from 18% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, David Tepper opened a new position in Western Digital worth $68.5M.

  • David Tepper's largest Q2 2016 buy was Western Digital: 1,918,350 shares worth $68.5M.
  • David Tepper added most to Allergan plc in Q2 2016, an estimated $226M increase.
  • David Tepper's biggest Q2 2016 reduction was Energy Transfer Partners L.p., cutting an estimated $170M.
  • David Tepper fully exited Delta Air Lines in Q2 2016, selling an estimated $418M.
  • David Tepper's ten largest holdings make up 67% of its $3.8B portfolio in Q2 2016.
  • David Tepper opened 3 new positions and closed 15 in Q2 2016.
  • David Tepper's portfolio value fell 33% quarter-over-quarter to $3.8B.

Based on Appaloosa LP's 13F filing for Q2 2016, filed 12 Aug 2016.