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 |
TWTR
Twitter, Inc.
TWTR
|
+$179M |
| 2 |
Netflix
NFLX
|
+$90.2M |
| 3 |
Energy Transfer Partners
ET
|
+$53.9M |
| 4 |
Qualcomm
QCOM
|
+$45.7M |
| 5 |
S
Sprint Corporation
S
|
+$44.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CZR
Caesars Entertainment Corporation
CZR
|
+$137M |
| 2 |
AGN
Allergan plc
AGN
|
+$113M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 4 |
Meta Platforms (Facebook)
META
|
+$80.7M |
| 5 |
PG&E
PCG
|
+$80.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 34.19% |
| 2 | Consumer Discretionary | 29.64% |
| 3 | Technology | 18.88% |
| 4 | Healthcare | 7.13% |
| 5 | Utilities | 3.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
| $15M | 0.46% |
+543,000
| New | +$17.4M |
|
27
Microsoft
MSFT
$3.74T
| $14.2M | 0.43% |
+90,000
| New | +$14.8M |
|
28
Boston Scientific
BSX
$74.2B
| $3.75M | 0.11% |
+115,000
| New | +$4.49M |
|
29
Invesco Senior Loan ETF
BKLN
$6.75B
| $3.07M | 0.09% |
+150,000
| New | +$3.27M |
|
30
Western Midstream Partners
WES
$19.9B
| $1.28M | 0.04% |
+395,101
| New | +$5.44M |
|
31
Clearway Energy Class C
CWEN
$7.08B
| – | – |
-443,295
| Closed | -$8.84M |
|
|
CWEN.A
32
DELISTED
Clearway Energy Class A
CWEN.A
| – | – |
-136,462
| Closed | -$2.61M |
|
33
Cheniere Energy
LNG
$54.8B
| – | – |
-410,000
| Closed | -$25M |
|
|
AVGOP
34
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
| – | – |
-2,500
| Closed | -$2.94M |
|
|
CZR
35
DELISTED
Caesars Entertainment Corporation
CZR
| – | – |
-10,050,000
| Closed | -$137M |
|
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David Tepper's Q1 2020 Portfolio in Review
As of Q1 2020, David Tepper held 36 positions worth $3.27B, down 18% from $3.98B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
David Tepper's Q1 2020 filing shows 13 new, 4 increased, 13 reduced and 5 closed positions. Its largest new stake was Twitter, Inc.: 5,530,000 shares worth $136M. The largest sale was Caesars Entertainment Corporation, an estimated $137M.
By sector, the portfolio is most concentrated in Communication Services at 34% of assets, up from 31% a quarter earlier, followed by Consumer Discretionary and Technology.
- David Tepper's largest Q1 2020 buy was Twitter, Inc.: 5,530,000 shares worth $136M.
- David Tepper added most to Energy Transfer Partners in Q1 2020, an estimated $53.9M increase.
- David Tepper's biggest Q1 2020 reduction was Allergan plc, cutting an estimated $113M.
- David Tepper fully exited Caesars Entertainment Corporation in Q1 2020, selling an estimated $137M.
- David Tepper's ten largest holdings make up 81% of its $3.27B portfolio in Q1 2020.
- David Tepper opened 13 new positions and closed 5 in Q1 2020.
- David Tepper's portfolio value fell 18% quarter-over-quarter to $3.27B.
Based on Appaloosa LP's 13F filing for Q1 2020, filed 15 May 2020.