David Tepper Appaloosa LP
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$667M |
| 2 |
Apple
AAPL
|
+$539M |
| 3 |
Micron Technology
MU
|
+$450M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$421M |
| 5 |
Meta Platforms (Facebook)
META
|
+$394M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$216M |
| 2 |
Western Digital
WDC
|
+$168M |
| 3 |
WPZ
Williams Partners L.P.
WPZ
|
+$140M |
| 4 |
PNC Financial Services
PNC
|
+$124M |
| 5 |
Owens Corning
OC
|
+$96.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.98% |
| 2 | Communication Services | 15.58% |
| 3 | Healthcare | 10.31% |
| 4 | Consumer Discretionary | 8.53% |
| 5 | Financials | 7.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Comcast
CMCSA
$91B
| $79.5M | 0.74% |
+1,986,078
| New | +$74.7M |
|
27
Allstate
ALL
$66.3B
| $79.4M | 0.74% |
758,069
-710,802
| -48% | -$70M |
|
|
SUM
28
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $78.9M | 0.74% |
2,553,078
+528,155
| +26% | +$15.9M |
|
29
MGM Resorts International
MGM
$11.1B
| $77.7M | 0.72% |
+2,326,766
| New | +$75M |
|
30
Dollar General
DG
$26.5B
| $76.7M | 0.71% |
824,607
+225,343
| +38% | +$19.4M |
|
31
Centene
CNC
$32.1B
| $76.5M | 0.71% |
1,517,434
-654,894
| -30% | -$31.7M |
|
|
AY
32
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $75.1M | 0.7% |
3,543,012
-1,131,988
| -24% | -$24.7M |
|
33
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
| $74.6M | 0.7% |
+501,800
| New | +$69.9M |
|
|
CZR
34
DELISTED
Caesars Entertainment Corporation
CZR
| $74.1M | 0.69% |
+5,860,349
| New | +$74.3M |
|
35
Kennametal
KMT
$2.3B
| $68.3M | 0.64% |
1,410,804
-389,659
| -22% | -$17.4M |
|
36
Stryker
SYK
$134B
| $57.4M | 0.54% |
371,000
-162,000
| -30% | -$24.7M |
|
|
TERP
37
DELISTED
TerraForm Power, Inc
TERP
| $55.6M | 0.52% |
4,645,157
-3,907,325
| -46% | -$48.8M |
|
38
PG&E
PCG
$38.1B
| $50.6M | 0.47% |
+1,129,808
| New | +$63.3M |
|
39
HCA Healthcare
HCA
$89.1B
| $48.6M | 0.45% |
552,884
+369,173
| +201% | +$29.7M |
|
|
40
Western Digital
WDC
$151B
| $47.7M | 0.44% |
793,800
-2,613,108
| -77% | -$168M |
|
|
VNTR
41
DELISTED
Venator Materials PLC
VNTR
| $38.7M | 0.36% |
+1,748,605
| New | +$40.2M |
|
42
CALL
State Street Financial Select Sector SPDR ETF
XLF
$59B
| $35M | 0.33% |
1,254,500
-6,849,600
| -85% | -$184M |
|
|
BTU.PR
43
DELISTED
Peabody Energy Corporation Series A Convertible Preferred Stock
BTU.PR
| $23.3M | 0.22% |
314,121
+12,805
| +4% | +$798K |
|
44
Mohawk Industries
MHK
$9.26B
| $19.1M | 0.18% |
69,305
-248,377
| -78% | -$66.6M |
|
45
Vistra
VST
$48.6B
| $17.6M | 0.16% |
+961,285
| New | +$18M |
|
46
CSX Corp
CSX
$92.5B
| $9.65M | 0.09% |
+526,437
| New | +$9.32M |
|
47
Cheniere Energy
LNG
$54.8B
| $9.53M | 0.09% |
+177,045
| New | +$8.54M |
|
|
COOP
48
DELISTED
Mr. Cooper
COOP
| $6.45M | 0.06% |
633,333
| – | – |
|
49
Southwest Airlines
LUV
$22.3B
| $4.86M | 0.05% |
74,265
-697,937
| -90% | -$41M |
|
50
Applied Materials
AMAT
$417B
| – | – |
-250,000
| Closed | -$13M |
|
Similar funds
David Tepper's Q4 2017 Portfolio in Review
As of Q4 2017, David Tepper held 62 positions worth $10.7B, up 51% from $7.12B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
David Tepper deployed $3.18B of net new capital in Q4 2017, opening 13 new positions and adding to 17 existing holdings. Its largest new stake was iShares MSCI Emerging Markets ETF: 9,100,000 shares worth $429M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 20% a quarter earlier, followed by Communication Services and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $216M trimmed.
- David Tepper's largest Q4 2017 buy was iShares MSCI Emerging Markets ETF: 9,100,000 shares worth $429M.
- David Tepper added most to Invesco QQQ Trust in Q4 2017, an estimated $667M increase.
- David Tepper's biggest Q4 2017 reduction was Alphabet (Google) Class C, cutting an estimated $216M.
- David Tepper fully exited PNC Financial Services in Q4 2017, selling an estimated $124M.
- David Tepper's ten largest holdings make up 65% of its $10.7B portfolio in Q4 2017.
- David Tepper opened 13 new positions and closed 12 in Q4 2017.
- David Tepper's portfolio value rose 51% quarter-over-quarter to $10.7B.
Based on Appaloosa LP's 13F filing for Q4 2017, filed 14 Feb 2018.