We are live on ! Find out more
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
-2.9%
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
$5.69B
AUM Growth
-$3.09B
Cap. Flow
-$2.93B
Cap. Flow %
-51.48%
Top 10 Hldgs %
69.8%
Holding
52
New
3
Increased
6
Reduced
27
Closed
15

Top Buys

Rank Stock Value
1
STT icon
State Street
STT
+$104M
2
PCG icon
PG&E
PCG
+$97.8M
3
COOP
Mr. Cooper
COOP
+$88.6M
4
WMB icon
Williams Companies
WMB
+$30.3M
5
AAPL icon
Apple
AAPL
+$20.8M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$321M
2
AGN
Allergan plc
AGN
+$257M
3
MU icon
Micron Technology
MU
+$228M
4
AABA
Altaba Inc
AABA
+$214M
5
BABA icon
Alibaba
BABA
+$202M

Sector Composition

Rank Sector Weight
1 Technology 36.19%
2 Communication Services 17.05%
3 Healthcare 11.47%
4 Consumer Discretionary 7.77%
5 Utilities 7.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SUM
26
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
$54.2M 0.95%
3,030,080
+405,901
+15% +$8.83M
VST icon
27
Vistra
VST
$48.6B
$49.4M 0.87%
1,983,745
+112,794
+6% +$2.6M
BYD icon
28
Boyd Gaming
BYD
$5.98B
$45.9M 0.81%
1,356,000
+1,104
+0.1% +$39.4K
TMO icon
29
Thermo Fisher Scientific
TMO
$224B
$45.6M 0.8%
187,000
-398,000
-68% -$91.6M
TERP
30
DELISTED
TerraForm Power, Inc
TERP
$35.3M 0.62%
3,059,858
-345,097
-10% -$3.83M
BSX icon
31
Boston Scientific
BSX
$74.2B
$32.9M 0.58%
853,875
-1,674,263
-66% -$58.5M
ESI icon
32
Element Solutions
ESI
$9.17B
$29M 0.51%
2,323,706
-2,015,095
-46% -$25.2M
WMB icon
33
Williams Companies
WMB
$88.4B
$28.4M 0.5%
+1,044,422
New +$30.3M
AAPL icon
34
Apple
AAPL
$4.45T
$22.6M 0.4%
+400,000
New +$20.8M
SYK icon
35
Stryker
SYK
$134B
$16.3M 0.29%
92,000
-224,000
-71% -$38.2M
VNTR
36
DELISTED
Venator Materials PLC
VNTR
$12.4M 0.22%
1,378,979
-372,562
-21% -$4.81M
ALLY icon
37
Ally Financial
ALLY
$13.4B
– –
-4,817,993
Closed -$127M
AMLP icon
38
Alerian MLP ETF
AMLP
$13.3B
– –
-100,000
Closed -$5.05M
CFG icon
39
Citizens Financial Group
CFG
$30.7B
– –
-1,257,694
Closed -$48.9M
EDU icon
40
New Oriental
EDU
$8.84B
– –
-360,189
Closed -$34.1M
GEN icon
41
Gen Digital
GEN
$17.4B
– –
-3,800,000
Closed -$78.5M
KEY icon
42
KeyCorp
KEY
$24.3B
– –
-5,351,561
Closed -$105M
KNX icon
43
Knight Transportation
KNX
$11.2B
– –
-1,100,700
Closed -$42.1M
MGM icon
44
MGM Resorts International
MGM
$11.1B
– –
-793,504
Closed -$23M
NXPI icon
45
CALL
NXP Semiconductors
NXPI
$59.6B
– –
-440,000
Closed -$48.1M
NXPI icon
46
NXP Semiconductors
NXPI
$59.6B
– –
-219,272
Closed -$24M
UAL icon
47
United Airlines
UAL
$41B
– –
-525,276
Closed -$36.6M
UBS icon
48
UBS Group
UBS
$176B
– –
-6,828,480
Closed -$106M
WDC icon
49
Western Digital
WDC
$151B
– –
-1,454,639
Closed -$85.1M
WFC icon
50
Wells Fargo
WFC
$264B
– –
-3,256,261
Closed -$181M
1
2
3

Similar funds

CGPCS
Capital Group Private Client Services Los Angeles, California $5.93B AUM 27.73% 1-Year Est. Return
WAM
Weiss Asset Management Boston, Massachusetts $5.91B AUM 42.42% 1-Year Est. Return
BP
BC Partners New York $5.96B AUM 15.21% 1-Year Est. Return
CM
CastleKnight Management New York $6B AUM 121.87% 1-Year Est. Return
SC
Samlyn Capital New York $5.86B AUM 36.3% 1-Year Est. Return
LIP
Liontrust Investment Partners London, United Kingdom $5.86B AUM 23.75% 1-Year Est. Return
AAM
Advisors Asset Management Monument, Colorado $6.01B AUM 24.74% 1-Year Est. Return
CIC
Crawford Investment Counsel Atlanta, Georgia $5.85B AUM 12.61% 1-Year Est. Return

David Tepper's Q3 2018 Portfolio in Review

As of Q3 2018, David Tepper held 52 positions worth $5.69B, down 35% from $8.78B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

David Tepper withdrew a net $2.93B in Q3 2018, closing 15 positions and reducing 27 holdings. Its most notable exit was Wells Fargo, an estimated $181M position sold in full.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 34% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, David Tepper opened a new position in State Street worth $99.3M.

  • David Tepper's largest Q3 2018 buy was State Street: 1,185,823 shares worth $99.3M.
  • David Tepper added most to PG&E in Q3 2018, an estimated $97.8M increase.
  • David Tepper's biggest Q3 2018 reduction was Meta Platforms (Facebook), cutting an estimated $321M.
  • David Tepper fully exited Wells Fargo in Q3 2018, selling an estimated $181M.
  • David Tepper's ten largest holdings make up 70% of its $5.69B portfolio in Q3 2018.
  • David Tepper opened 3 new positions and closed 15 in Q3 2018.
  • David Tepper's portfolio value fell 35% quarter-over-quarter to $5.69B.

Based on Appaloosa LP's 13F filing for Q3 2018, filed 14 Nov 2018.