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 |
T-Mobile US
TMUS
|
+$492M |
| 2 |
AT&T
T
|
+$274M |
| 3 |
Alibaba
BABA
|
+$231M |
| 4 |
Mastercard
MA
|
+$154M |
| 5 |
Visa
V
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$123M |
| 2 |
Amazon
AMZN
|
+$60.4M |
| 3 |
S
Sprint Corporation
S
|
+$55M |
| 4 |
Meta Platforms (Facebook)
META
|
+$37.6M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$36.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 39.45% |
| 2 | Consumer Discretionary | 24.47% |
| 3 | Technology | 15.18% |
| 4 | Financials | 9.09% |
| 5 | Healthcare | 3.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Goodyear
GT
$1.75B
| $44.7M | 0.78% |
5,000,000
+1,632,000
| +48% | +$12.4M |
|
|
XYZ
27
Block Inc
XYZ
$47.5B
| $42.4M | 0.74% |
+403,793
| New | +$30.9M |
|
28
UnitedHealth
UNH
$365B
| $39.8M | 0.69% |
135,000
-115,000
| -46% | -$33M |
|
29
Boston Scientific
BSX
$74.2B
| $33.4M | 0.58% |
950,000
+835,000
| +726% | +$30.1M |
|
30
Alerian MLP ETF
AMLP
$13.3B
| $27.6M | 0.48% |
1,118,000
-90,000
| -7% | -$2.21M |
|
31
Vistra
VST
$48.6B
| $20.9M | 0.36% |
1,120,000
-90,000
| -7% | -$1.7M |
|
32
Western Midstream Partners
WES
$19.9B
| $10.8M | 0.19% |
1,075,428
+680,327
| +172% | +$5.64M |
|
|
TEN
33
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $8.32M | 0.14% |
+1,100,000
| New | +$6.41M |
|
34
Tesla
TSLA
$1.31T
| $7.56M | 0.13% |
105,000
-525,000
| -83% | -$28.4M |
|
35
Humana
HUM
$44.8B
| $5.43M | 0.09% |
14,000
-45,000
| -76% | -$16.8M |
|
|
ENBL
36
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $2.17M | 0.04% |
+463,670
| New | +$1.99M |
|
|
TMUSR
37
DELISTED
T-Mobile US, Inc. Subscription Rights Expiring 7/27/2020
TMUSR
| $260K | ﹤0.01% |
+1,550,000
| New | +$435K |
|
38
Invesco Senior Loan ETF
BKLN
$6.75B
| – | – |
-150,000
| Closed | -$3.07M |
|
39
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
| – | – |
-543,000
| Closed | -$15M |
|
|
I
40
DELISTED
INTELSAT S. A.
I
| – | – |
-10,146,300
| Closed | -$15.5M |
|
|
AGN
41
DELISTED
Allergan plc
AGN
| – | – |
-695,000
| Closed | -$123M |
|
|
S
42
DELISTED
Sprint Corporation
S
| – | – |
-6,380,000
| Closed | -$55M |
|
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David Tepper's Q2 2020 Portfolio in Review
As of Q2 2020, David Tepper held 42 positions worth $5.76B, up 76% from $3.27B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
David Tepper deployed $1.57B of net new capital in Q2 2020, opening 12 new positions and adding to 11 existing holdings. Its largest new stake was AT&T: 12,018,213 shares worth $274M.
By sector, the portfolio is most concentrated in Communication Services at 39% of assets, up from 34% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Amazon, an estimated $60.4M trimmed.
- David Tepper's largest Q2 2020 buy was AT&T: 12,018,213 shares worth $274M.
- David Tepper added most to T-Mobile US in Q2 2020, an estimated $492M increase.
- David Tepper's biggest Q2 2020 reduction was Amazon, cutting an estimated $60.4M.
- David Tepper fully exited Allergan plc in Q2 2020, selling an estimated $123M.
- David Tepper's ten largest holdings make up 73% of its $5.76B portfolio in Q2 2020.
- David Tepper opened 12 new positions and closed 5 in Q2 2020.
- David Tepper's portfolio value rose 76% quarter-over-quarter to $5.76B.
Based on Appaloosa LP's 13F filing for Q2 2020, filed 14 Aug 2020.