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 |
PG&E
PCG
|
+$666M |
| 2 |
Micron Technology
MU
|
+$140M |
| 3 |
Energy Transfer Partners
ET
|
+$24.4M |
| 4 |
PCGU
PG&E Corporation
PCGU
|
+$7.34M |
| 5 |
Microsoft
MSFT
|
+$5.25M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$304M |
| 2 |
Amazon
AMZN
|
+$263M |
| 3 |
AT&T
T
|
+$132M |
| 4 |
Meta Platforms (Facebook)
META
|
+$120M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$117M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 34.51% |
| 2 | Consumer Discretionary | 20.13% |
| 3 | Technology | 15.57% |
| 4 | Utilities | 13.41% |
| 5 | Financials | 7.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
UnitedHealth
UNH
$365B
| $22M | 0.39% |
70,500
-64,500
| -48% | -$19.8M |
|
27
Wells Fargo
WFC
$264B
| $20.6M | 0.36% |
875,000
-1,025,000
| -54% | -$25.3M |
|
28
Alerian MLP ETF
AMLP
$13.3B
| $18.1M | 0.32% |
905,000
-213,000
| -19% | -$4.93M |
|
|
PCGU
29
DELISTED
PG&E Corporation
PCGU
| $7.36M | 0.13% |
+75,000
| New | +$7.34M |
|
30
Western Midstream Partners
WES
$19.9B
| $5.7M | 0.1% |
712,816
-362,612
| -34% | -$3.27M |
|
|
TEN
31
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $5.24M | 0.09% |
755,000
-345,000
| -31% | -$2.74M |
|
|
ENBL
32
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $1.27M | 0.02% |
307,116
-156,554
| -34% | -$768K |
|
33
Broadcom
AVGO
$1.98T
| – | – |
-2,000,000
| Closed | -$63.1M |
|
34
Humana
HUM
$44.8B
| – | – |
-14,000
| Closed | -$5.43M |
|
35
Qualcomm
QCOM
$171B
| – | – |
-515,500
| Closed | -$47M |
|
36
Tesla
TSLA
$1.31T
| – | – |
-105,000
| Closed | -$7.56M |
|
37
Vistra
VST
$48.6B
| – | – |
-1,120,000
| Closed | -$20.9M |
|
|
TMUSR
38
DELISTED
T-Mobile US, Inc. Subscription Rights Expiring 7/27/2020
TMUSR
| – | – |
-1,550,000
| Closed | -$260K |
|
Similar funds
David Tepper's Q3 2020 Portfolio in Review
As of Q3 2020, David Tepper held 38 positions worth $5.66B, down 1.8% from $5.76B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
David Tepper withdrew a net $749M in Q3 2020, closing 6 positions and reducing 27 holdings. Its most notable exit was Broadcom, an estimated $63.1M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 35% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, David Tepper opened a new position in PG&E Corporation worth $7.36M.
- David Tepper's largest Q3 2020 buy was PG&E Corporation: 75,000 shares worth $7.36M.
- David Tepper added most to PG&E in Q3 2020, an estimated $666M increase.
- David Tepper's biggest Q3 2020 reduction was Alibaba, cutting an estimated $304M.
- David Tepper fully exited Broadcom in Q3 2020, selling an estimated $63.1M.
- David Tepper's ten largest holdings make up 77% of its $5.66B portfolio in Q3 2020.
- David Tepper opened 1 new position and closed 6 in Q3 2020.
- David Tepper's portfolio value fell 1.8% quarter-over-quarter to $5.66B.
Based on Appaloosa LP's 13F filing for Q3 2020, filed 16 Nov 2020.