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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
+9.74%
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
$9.26B
AUM Growth
+$5.77B
Cap. Flow
+$5.51B
Cap. Flow %
59.49%
Top 10 Hldgs %
94.12%
Holding
30
New
6
Increased
6
Reduced
14
Closed
3

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$80.8M
2
CRM icon
Salesforce
CRM
+$47M
3
AMZN icon
Amazon
AMZN
+$37.3M
4
XOP icon
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
+$31.7M
5
HUM icon
Humana
HUM
+$24.2M

Top Sells

Rank Stock Value
1
MU icon
Micron Technology
MU
+$699M
2
AGN
Allergan plc
AGN
+$255M
3
BABA icon
Alibaba
BABA
+$128M
4
PCG icon
PG&E
PCG
+$126M
5
AABA
Altaba Inc
AABA
+$91M

Sector Composition

Rank Sector Weight
1 Communication Services 6.93%
2 Consumer Discretionary 5.21%
3 Utilities 4.75%
4 Healthcare 3.57%
5 Technology 2.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CWEN.A
26
DELISTED
Clearway Energy Class A
CWEN.A
$3.4M 0.04%
210,200
-39,800
-16% -$603K
BABA icon
27
CALL
Alibaba
BABA
$306B
– –
-300,000
Closed -$54.7M
BABA icon
28
Alibaba
BABA
$306B
– –
-700,000
Closed -$128M
XLE icon
29
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
– –
-200,000
Closed -$6.61M
1
2

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David Tepper's Q2 2019 Portfolio in Review

As of Q2 2019, David Tepper held 30 positions worth $9.26B, up 165% from $3.49B the previous quarter. Its ten largest holdings account for 94% of the portfolio.

David Tepper deployed $5.51B of net new capital in Q2 2019, opening 6 new positions and adding to 6 existing holdings. Its largest new stake was Humana: 95,391 shares worth $25.3M.

By sector, the portfolio is most concentrated in Communication Services at 6.9% of assets, down from 16% a quarter earlier, followed by Consumer Discretionary and Utilities.

On the sell side, the largest reduction was Micron Technology, an estimated $699M trimmed.

  • David Tepper's largest Q2 2019 buy was Humana: 95,391 shares worth $25.3M.
  • David Tepper added most to Alphabet (Google) Class C in Q2 2019, an estimated $80.8M increase.
  • David Tepper's biggest Q2 2019 reduction was Micron Technology, cutting an estimated $699M.
  • David Tepper fully exited Alibaba in Q2 2019, selling an estimated $128M.
  • David Tepper's ten largest holdings make up 94% of its $9.26B portfolio in Q2 2019.
  • David Tepper opened 6 new positions and closed 3 in Q2 2019.
  • David Tepper's portfolio value rose 165% quarter-over-quarter to $9.26B.

Based on Appaloosa LP's 13F filing for Q2 2019, filed 14 Aug 2019.