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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
+10.6%
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
$7.12B
AUM Growth
+$377M
Cap. Flow
-$108M
Cap. Flow %
-1.52%
Top 10 Hldgs %
56.73%
Holding
62
New
4
Increased
15
Reduced
28
Closed
14

Top Buys

Rank Stock Value
1
NRG icon
NRG Energy
NRG
+$170M
2
META icon
Meta Platforms (Facebook)
META
+$157M
3
MU icon
Micron Technology
MU
+$131M
4
ALLY icon
Ally Financial
ALLY
+$128M
5
AAPL icon
Apple
AAPL
+$114M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$145M
2
PNC icon
PNC Financial Services
PNC
+$110M
3
IBB icon
iShares Biotechnology ETF
IBB
+$72.9M
4
WPZ
Williams Partners L.P.
WPZ
+$69M
5
GM icon
General Motors
GM
+$60.3M

Sector Composition

Rank Sector Weight
1 Technology 20.03%
2 Communication Services 16.31%
3 Healthcare 13.13%
4 Consumer Discretionary 10.84%
5 Financials 8.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AY
26
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$92.1M 1.29%
4,675,000
-25,000
-0.5% -$519K
ET icon
27
Energy Transfer Partners
ET
$71.6B
$81.2M 1.14%
4,672,707
+1,827,707
+64% +$32M
MHK icon
28
Mohawk Industries
MHK
$9.26B
$78.6M 1.1%
317,682
-146,037
-31% -$36.4M
SYK icon
29
Stryker
SYK
$134B
$75.7M 1.06%
533,000
+88,000
+20% +$12.6M
KMT icon
30
Kennametal
KMT
$2.3B
$72.6M 1.02%
1,800,463
+471,639
+35% +$17.4M
WHR icon
31
Whirlpool
WHR
$2.84B
$67.5M 0.95%
365,976
-24,342
-6% -$4.35M
KMI icon
32
Kinder Morgan
KMI
$70.1B
$65.4M 0.92%
3,407,996
-535,000
-14% -$10.4M
SUM
33
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
$62.9M 0.88%
2,024,923
-260,414
-11% -$7.39M
PARA
34
DELISTED
Paramount Global Class B
PARA
$52.1M 0.73%
898,317
-134,519
-13% -$8.5M
DG icon
35
Dollar General
DG
$26.5B
$48.6M 0.68%
599,264
-335,914
-36% -$25.2M
LUV icon
36
Southwest Airlines
LUV
$22.3B
$43.2M 0.61%
772,202
+150,598
+24% +$8.45M
HAIN icon
37
Hain Celestial
HAIN
$48.8M
$31.2M 0.44%
757,547
-164,681
-18% -$6.81M
BTU.PR
38
DELISTED
Peabody Energy Corporation Series A Convertible Preferred Stock
BTU.PR
$18.6M 0.26%
+301,316
New +$17.5M
HCA icon
39
HCA Healthcare
HCA
$89.1B
$14.6M 0.21%
183,711
+16,000
+10% +$1.29M
AMAT icon
40
Applied Materials
AMAT
$417B
$13M 0.18%
+250,000
New +$11.3M
GM icon
41
General Motors
GM
$78.4B
$10.1M 0.14%
250,000
-1,650,000
-87% -$60.3M
AERI
42
DELISTED
Aerie Pharmaceuticals
AERI
$8.25M 0.12%
169,799
-20,000
-11% -$1.09M
COOP
43
DELISTED
Mr. Cooper
COOP
$7.22M 0.1%
633,333
– –
BTU icon
44
Peabody Energy
BTU
$2.98B
$6.28M 0.09%
216,536
-792,743
-79% -$22.4M
XPO icon
45
XPO
XPO
$23.8B
$4.36M 0.06%
+185,948
New +$3.89M
CHK
46
DELISTED
Chesapeake Energy Corporation
CHK
$3.29M 0.05%
3,830
-14,000
-79% -$12M
AR icon
47
Antero Resources
AR
$11.6B
$2.98M 0.04%
150,000
-350,000
-70% -$7.05M
RRC icon
48
Range Resources
RRC
$9.5B
$2.94M 0.04%
150,000
-250,000
-63% -$4.83M
BBWI icon
49
Bath & Body Works
BBWI
$3.81B
– –
-1,033,627
Closed -$45M
CX icon
50
Cemex
CX
$16.1B
– –
-3,990,309
Closed -$37.6M
1
2
3

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David Tepper's Q3 2017 Portfolio in Review

As of Q3 2017, David Tepper held 62 positions worth $7.12B, up 5.6% from $6.74B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

David Tepper's Q3 2017 filing shows 4 new, 15 increased, 28 reduced and 14 closed positions. Its largest new stake was Peabody Energy Corporation Series A Convertible Preferred Stock: 301,316 shares worth $18.6M. The largest sale was Allergan plc, an estimated $145M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 15% a quarter earlier, followed by Communication Services and Healthcare.

  • David Tepper's largest Q3 2017 buy was Peabody Energy Corporation Series A Convertible Preferred Stock: 301,316 shares worth $18.6M.
  • David Tepper added most to NRG Energy in Q3 2017, an estimated $170M increase.
  • David Tepper's biggest Q3 2017 reduction was Allergan plc, cutting an estimated $145M.
  • David Tepper fully exited iShares Biotechnology ETF in Q3 2017, selling an estimated $72.9M.
  • David Tepper's ten largest holdings make up 57% of its $7.12B portfolio in Q3 2017.
  • David Tepper opened 4 new positions and closed 14 in Q3 2017.
  • David Tepper's portfolio value rose 5.6% quarter-over-quarter to $7.12B.

Based on Appaloosa LP's 13F filing for Q3 2017, filed 14 Nov 2017.