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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
+7.07%
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
$4.4B
AUM Growth
+$601M
Cap. Flow
+$432M
Cap. Flow %
9.8%
Top 10 Hldgs %
64.39%
Holding
50
New
13
Increased
6
Reduced
16
Closed
8

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$184M
2
SGI
Somnigroup International
SGI
+$84.7M
3
AAPL icon
Apple
AAPL
+$84.7M
4
YHOO
Yahoo Inc
YHOO
+$73.8M
5
BAC icon
Bank of America
BAC
+$61.6M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$120M
2
NXPI icon
NXP Semiconductors
NXPI
+$116M
3
LUV icon
Southwest Airlines
LUV
+$110M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$88.6M
5
CYH icon
Community Health Systems
CYH
+$75.6M

Sector Composition

Rank Sector Weight
1 Energy 21.26%
2 Communication Services 12.66%
3 Financials 12.24%
4 Consumer Discretionary 9.13%
5 Healthcare 8.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PNC icon
26
PNC Financial Services
PNC
$101B
$55.2M 1.25%
+612,445
New +$52.6M
HAIN icon
27
Hain Celestial
HAIN
$48.8M
$45.4M 1.03%
1,275,331
-6,197
-0.5% -$272K
VMW
28
DELISTED
VMware, Inc
VMW
$28M 0.64%
+382,276
New +$26.9M
GT icon
29
Goodyear
GT
$1.75B
$27.7M 0.63%
859,076
+150,000
+21% +$4.36M
LUV icon
30
Southwest Airlines
LUV
$22.3B
$22.4M 0.51%
576,838
-2,902,115
-83% -$110M
DAL icon
31
Delta Air Lines
DAL
$59.5B
$18.9M 0.43%
+481,350
New +$18.2M
COOP
32
DELISTED
Mr. Cooper
COOP
$18.3M 0.41%
650,000
-715,691
-52% -$20.1M
KYN icon
33
Kayne Anderson Energy Infrastructure Fund
KYN
$2.48B
$16.1M 0.37%
781,173
– –
GLBL
34
DELISTED
TerraForm Global, Inc. Class A Common Stock
GLBL
$15.8M 0.36%
3,847,657
+146,590
+4% +$524K
DELL icon
35
Dell
DELL
$285B
$15.8M 0.36%
+1,175,869
New +$16M
USFD icon
36
US Foods
USFD
$24.3B
$14.7M 0.33%
622,762
-116,913
-16% -$2.84M
SPY icon
37
State Street SPDR S&P 500 ETF Trust
SPY
$807B
$4.94M 0.11%
22,854
– –
C icon
38
Citigroup
C
$228B
$4.72M 0.11%
+100,000
New +$4.55M
NXPI icon
39
NXP Semiconductors
NXPI
$59.6B
$3.16M 0.07%
30,999
-1,369,001
-98% -$116M
GM icon
40
General Motors
GM
$78.4B
$3.01M 0.07%
94,826
-1,296,210
-93% -$40.5M
GM.WS.B
41
DELISTED
General Motors Company
GM.WS.B
$2.65M 0.06%
190,011
– –
KMI.WS
42
DELISTED
Kinder Morgan Inc
KMI.WS
$12K ﹤0.01%
793,836
– –
CYH icon
43
Community Health Systems
CYH
$400M
– –
-6,270,130
Closed -$75.6M
PPG icon
44
PPG Industries
PPG
$25.8B
– –
-217,419
Closed -$22.6M
TGI
45
DELISTED
Triumph Group
TGI
– –
-1,004,155
Closed -$35.6M
TT icon
46
Trane Technologies
TT
$106B
– –
-474,102
Closed -$30.2M
QHC
47
DELISTED
Quorum Health Corporation
QHC
– –
-771,436
Closed -$8.26M
TFCFA
48
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
– –
-3,275,900
Closed -$88.6M
TFCF
49
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
– –
-1,084,414
Closed -$29.6M
GM.WS.A
50
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
– –
-190,011
Closed -$3.5M
1
2

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David Tepper's Q3 2016 Portfolio in Review

As of Q3 2016, David Tepper held 50 positions worth $4.4B, up 16% from $3.8B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

David Tepper deployed $432M of net new capital in Q3 2016, opening 13 new positions and adding to 6 existing holdings. Its largest new stake was Meta Platforms (Facebook): 1,484,608 shares worth $190M.

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

On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $120M trimmed.

  • David Tepper's largest Q3 2016 buy was Meta Platforms (Facebook): 1,484,608 shares worth $190M.
  • David Tepper added most to Kinder Morgan in Q3 2016, an estimated $45.6M increase.
  • David Tepper's biggest Q3 2016 reduction was Alphabet (Google) Class C, cutting an estimated $120M.
  • David Tepper fully exited Twenty-First Century Fox, Inc. Class A in Q3 2016, selling an estimated $88.6M.
  • David Tepper's ten largest holdings make up 64% of its $4.4B portfolio in Q3 2016.
  • David Tepper opened 13 new positions and closed 8 in Q3 2016.
  • David Tepper's portfolio value rose 16% quarter-over-quarter to $4.4B.

Based on Appaloosa LP's 13F filing for Q3 2016, filed 14 Nov 2016.