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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
+10.46%
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
$6.09B
AUM Growth
+$447M
Cap. Flow
-$32M
Cap. Flow %
-0.53%
Top 10 Hldgs %
55.57%
Holding
65
New
11
Increased
16
Reduced
20
Closed
12

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$208M
2
GM icon
General Motors
GM
+$189M
3
LUV icon
Southwest Airlines
LUV
+$102M
4
MU icon
Micron Technology
MU
+$84M
5
PARA
Paramount Global Class B
PARA
+$68.5M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$308M
2
CFG icon
Citizens Financial Group
CFG
+$101M
3
TEVA icon
Teva Pharmaceuticals
TEVA
+$98.2M
4
QCOM icon
Qualcomm
QCOM
+$91.3M
5
SGI
Somnigroup International
SGI
+$79.2M

Sector Composition

Rank Sector Weight
1 Healthcare 20.5%
2 Energy 17.42%
3 Communication Services 12.85%
4 Financials 12.03%
5 Industrials 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WHR icon
26
Whirlpool
WHR
$2.84B
$82.6M 1.36%
481,938
-84,998
-15% -$15.1M
VTRS icon
27
Viatris
VTRS
$18.7B
$74.1M 1.22%
1,900,000
-1,375,000
-42% -$55.4M
PARA
28
DELISTED
Paramount Global Class B
PARA
$72.4M 1.19%
+1,044,381
New +$68.5M
TEVA icon
29
Teva Pharmaceuticals
TEVA
$42.5B
$69.8M 1.15%
2,175,000
-2,878,000
-57% -$98.2M
SUM
30
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
$63.4M 1.04%
2,646,720
+899,301
+51% +$21.1M
UNH icon
31
UnitedHealth
UNH
$365B
$49.2M 0.81%
+300,000
New +$49.1M
GEN icon
32
Gen Digital
GEN
$17.4B
$47.6M 0.78%
+1,550,000
New +$44M
HCA icon
33
HCA Healthcare
HCA
$89.1B
$43.4M 0.71%
487,711
-657,539
-57% -$54.8M
AAPL icon
34
Apple
AAPL
$4.45T
$43.1M 0.71%
1,200,000
-600,000
-33% -$19.8M
CHTR icon
35
Charter Communications
CHTR
$18.8B
$42.5M 0.7%
+129,784
New +$41.3M
MT icon
36
ArcelorMittal
MT
$55.6B
$41.6M 0.68%
1,661,819
+1,336,293
+411% +$33.8M
KMT icon
37
Kennametal
KMT
$2.3B
$39.5M 0.65%
1,005,758
-3,880
-0.4% -$143K
NUE icon
38
Nucor
NUE
$61.9B
$32.4M 0.53%
+542,714
New +$33.2M
DAL icon
39
Delta Air Lines
DAL
$59.5B
$29.4M 0.48%
639,000
+401,000
+168% +$19.6M
HAIN icon
40
Hain Celestial
HAIN
$48.8M
$28.8M 0.47%
774,169
-242,337
-24% -$9.12M
AMLP icon
41
Alerian MLP ETF
AMLP
$13.3B
$26.8M 0.44%
421,716
-531,171
-56% -$34.1M
UAL icon
42
United Airlines
UAL
$41B
$25.8M 0.42%
364,615
+204,615
+128% +$14.8M
TMO icon
43
Thermo Fisher Scientific
TMO
$224B
$24.6M 0.4%
+160,000
New +$24.5M
GLBL
44
DELISTED
TerraForm Global, Inc. Class A Common Stock
GLBL
$18.5M 0.3%
3,847,657
– –
RIO icon
45
Rio Tinto
RIO
$164B
$16.1M 0.26%
395,143
+304,100
+334% +$12.9M
X
46
DELISTED
US Steel
X
$15.3M 0.25%
453,339
+93,339
+26% +$3.32M
MCK icon
47
McKesson
MCK
$105B
$14.8M 0.24%
100,000
-175,000
-64% -$25.6M
KYN icon
48
Kayne Anderson Energy Infrastructure Fund
KYN
$2.48B
$13.5M 0.22%
641,989
-139,184
-18% -$2.87M
COOP
49
DELISTED
Mr. Cooper
COOP
$11M 0.18%
633,333
– –
AKS
50
DELISTED
AK Steel Holding Corp
AKS
$3.84M 0.06%
+534,327
New +$4.58M
1
2
3

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David Tepper's Q1 2017 Portfolio in Review

As of Q1 2017, David Tepper held 65 positions worth $6.09B, up 7.9% from $5.64B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

David Tepper's Q1 2017 filing shows 11 new, 16 increased, 20 reduced and 12 closed positions. Its largest new stake was Bank of America: 8,782,641 shares worth $207M. The largest sale was Allergan plc, an estimated $308M.

By sector, the portfolio is most concentrated in Healthcare at 20% of assets, down from 28% a quarter earlier, followed by Energy and Communication Services.

  • David Tepper's largest Q1 2017 buy was Bank of America: 8,782,641 shares worth $207M.
  • David Tepper added most to Southwest Airlines in Q1 2017, an estimated $102M increase.
  • David Tepper's biggest Q1 2017 reduction was Allergan plc, cutting an estimated $308M.
  • David Tepper fully exited Citizens Financial Group in Q1 2017, selling an estimated $101M.
  • David Tepper's ten largest holdings make up 56% of its $6.09B portfolio in Q1 2017.
  • David Tepper opened 11 new positions and closed 12 in Q1 2017.
  • David Tepper's portfolio value rose 7.9% quarter-over-quarter to $6.09B.

Based on Appaloosa LP's 13F filing for Q1 2017, filed 12 May 2017.