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 |
Micron Technology
MU
|
+$378M |
| 2 |
Lam Research
LRCX
|
+$257M |
| 3 |
Wells Fargo
WFC
|
+$175M |
| 4 |
UBS Group
UBS
|
+$132M |
| 5 |
Meta Platforms (Facebook)
META
|
+$122M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$831M |
| 2 |
Apple
AAPL
|
+$776M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$429M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$279M |
| 5 |
Bank of America
BAC
|
+$194M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.56% |
| 2 | Communication Services | 17.13% |
| 3 | Healthcare | 12.58% |
| 4 | Consumer Discretionary | 11.03% |
| 5 | Financials | 9.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WPZ
26
DELISTED
Williams Partners L.P.
WPZ
| $93.8M | 0.97% |
2,723,404
-992,713
| -27% | -$38.8M |
|
27
Energy Transfer Partners
ET
$71.6B
| $89.4M | 0.92% |
6,291,534
+1,230,719
| +24% | +$20.5M |
|
28
Applied Materials
AMAT
$417B
| $87.3M | 0.9% |
+1,570,000
| New | +$87.4M |
|
29
VanEck Semiconductor ETF
SMH
$70.6B
| $76.9M | 0.79% |
+1,474,000
| New | +$77.6M |
|
30
Kennametal
KMT
$2.3B
| $75.8M | 0.78% |
1,887,507
+476,703
| +34% | +$21.8M |
|
|
AY
31
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $75M | 0.77% |
3,832,000
+288,988
| +8% | +$5.87M |
|
|
SUM
32
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $74.5M | 0.77% |
2,500,606
-52,472
| -2% | -$1.62M |
|
33
PG&E
PCG
$38.1B
| $72.5M | 0.75% |
1,650,000
+520,192
| +46% | +$22.1M |
|
34
Stryker
SYK
$134B
| $59.7M | 0.61% |
371,000
| – | – |
|
35
Allstate
ALL
$66.3B
| $50M | 0.52% |
527,833
-230,236
| -30% | -$22.3M |
|
36
Cheniere Energy
LNG
$54.8B
| $49.2M | 0.51% |
919,741
+742,696
| +419% | +$40.9M |
|
37
Alerian MLP ETF
AMLP
$13.3B
| $47.5M | 0.49% |
+1,013,638
| New | +$54.2M |
|
38
Western Digital
WDC
$151B
| $46.1M | 0.47% |
661,500
-132,300
| -17% | -$8.91M |
|
|
TERP
39
DELISTED
TerraForm Power, Inc
TERP
| $44.3M | 0.46% |
4,127,600
-517,557
| -11% | -$5.83M |
|
40
Knight Transportation
KNX
$11.2B
| $43.7M | 0.45% |
+950,000
| New | +$45M |
|
41
Boyd Gaming
BYD
$5.98B
| $43.2M | 0.44% |
+1,354,896
| New | +$48.5M |
|
42
Element Solutions
ESI
$9.17B
| $36.6M | 0.38% |
+3,798,055
| New | +$40.6M |
|
43
United Airlines
UAL
$41B
| $36.5M | 0.38% |
+525,289
| New | +$36.3M |
|
44
NVIDIA
NVDA
$5.27T
| $34.7M | 0.36% |
+6,000,000
| New | +$35.2M |
|
45
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
| $33.7M | 0.35% |
+1,000,000
| New | +$35.4M |
|
|
VNTR
46
DELISTED
Venator Materials PLC
VNTR
| $32.3M | 0.33% |
1,787,328
+38,723
| +2% | +$816K |
|
47
HCA Healthcare
HCA
$89.1B
| $27.4M | 0.28% |
282,884
-270,000
| -49% | -$26.2M |
|
48
Peabody Energy
BTU
$2.98B
| $21.6M | 0.22% |
+591,424
| New | +$23.5M |
|
49
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
| $17.6M | 0.18% |
+125,000
| New | +$17.9M |
|
|
50
State Street Financial Select Sector SPDR ETF
XLF
$59B
| $8.27M | 0.09% |
300,000
-9,700,000
| -97% | -$279M |
|
Similar funds
David Tepper's Q1 2018 Portfolio in Review
As of Q1 2018, David Tepper held 64 positions worth $9.72B, down 9.5% from $10.7B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
David Tepper withdrew a net $1.38B in Q1 2018, closing 11 positions and reducing 18 holdings. Its most notable exit was Apple, an estimated $776M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 24% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, David Tepper opened a new position in Lam Research worth $263M.
- David Tepper's largest Q1 2018 buy was Lam Research: 12,955,860 shares worth $263M.
- David Tepper added most to Micron Technology in Q1 2018, an estimated $378M increase.
- David Tepper's biggest Q1 2018 reduction was Invesco QQQ Trust, cutting an estimated $831M.
- David Tepper fully exited Apple in Q1 2018, selling an estimated $776M.
- David Tepper's ten largest holdings make up 65% of its $9.72B portfolio in Q1 2018.
- David Tepper opened 14 new positions and closed 11 in Q1 2018.
- David Tepper's portfolio value fell 9.5% quarter-over-quarter to $9.72B.
Based on Appaloosa LP's 13F filing for Q1 2018, filed 15 May 2018.