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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
-8.63%
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
$3.41B
AUM Growth
-$5.85B
Cap. Flow
-$4.93B
Cap. Flow %
-144.51%
Top 10 Hldgs %
83.64%
Holding
30
New
3
Increased
8
Reduced
6
Closed
5

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$845M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$272M
3
MU icon
Micron Technology
MU
+$231M
4
BABA icon
Alibaba
BABA
+$223M
5
META icon
Meta Platforms (Facebook)
META
+$185M

Top Sells

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$20.5M
2
I
INTELSAT S. A.
I
+$11.5M
3
CNC icon
Centene
CNC
+$6.7M
4
COOP
Mr. Cooper
COOP
+$5.73M
5
HUM icon
Humana
HUM
+$5.72M

Sector Composition

Rank Sector Weight
1 Communication Services 32.23%
2 Consumer Discretionary 23.67%
3 Technology 21.48%
4 Healthcare 8.54%
5 Utilities 7.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QCOM icon
26
CALL
Qualcomm
QCOM
$171B
– –
-75,000
Closed -$5.71M
QQQ icon
27
CALL
Invesco QQQ Trust
QQQ
$478B
– –
-8,261,400
Closed -$1.54B
SPY icon
28
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$807B
– –
-18,206,800
Closed -$5.33B
I
29
DELISTED
INTELSAT S. A.
I
– –
-592,000
Closed -$11.5M
1
2

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David Tepper's Q3 2019 Portfolio in Review

As of Q3 2019, David Tepper held 30 positions worth $3.41B, down 63% from $9.26B the previous quarter. Its ten largest holdings account for 84% of the portfolio.

David Tepper withdrew a net $4.93B in Q3 2019, closing 5 positions and reducing 6 holdings. Its most notable exit was INTELSAT S. A., an estimated $11.5M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, up from 6.9% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, David Tepper opened a new position in Alibaba worth $217M.

  • David Tepper's largest Q3 2019 buy was Alibaba: 1,300,000 shares worth $217M.
  • David Tepper added most to Altaba Inc in Q3 2019, an estimated $845M increase.
  • David Tepper's biggest Q3 2019 reduction was UnitedHealth, cutting an estimated $20.5M.
  • David Tepper fully exited INTELSAT S. A. in Q3 2019, selling an estimated $11.5M.
  • David Tepper's ten largest holdings make up 84% of its $3.41B portfolio in Q3 2019.
  • David Tepper opened 3 new positions and closed 5 in Q3 2019.
  • David Tepper's portfolio value fell 63% quarter-over-quarter to $3.41B.

Based on Appaloosa LP's 13F filing for Q3 2019, filed 14 Nov 2019.