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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
+21.89%
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
$6.69B
AUM Growth
+$1.03B
Cap. Flow
+$74.2M
Cap. Flow %
1.11%
Top 10 Hldgs %
66.43%
Holding
48
New
16
Increased
12
Reduced
15
Closed
3

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$179M
2
OXY icon
Occidental Petroleum
OXY
+$111M
3
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$108M
4
QCOM icon
Qualcomm
QCOM
+$83.6M
5
KMX icon
CarMax
KMX
+$70.3M

Top Sells

Rank Stock Value
1
PCG icon
PG&E
PCG
+$434M
2
MU icon
Micron Technology
MU
+$256M
3
T icon
AT&T
T
+$132M
4
BABA icon
Alibaba
BABA
+$88.8M
5
TMUS icon
T-Mobile US
TMUS
+$38.3M

Sector Composition

Rank Sector Weight
1 Communication Services 31.66%
2 Consumer Discretionary 20.28%
3 Technology 16.11%
4 Utilities 7.89%
5 Financials 6.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNH icon
26
UnitedHealth
UNH
$365B
$70.1M 1.05%
200,000
+129,500
+184% +$43.4M
NFLX icon
27
Netflix
NFLX
$311B
$68.7M 1.03%
1,270,000
-45,000
-3% -$2.28M
EPD icon
28
Enterprise Products Partners
EPD
$81.8B
$67.6M 1.01%
+3,452,759
New +$64.3M
AMLP icon
29
Alerian MLP ETF
AMLP
$13.3B
$54.5M 0.82%
2,125,000
+1,220,000
+135% +$29.3M
XOP icon
30
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
$54.1M 0.81%
+925,000
New +$46.9M
GT icon
31
Goodyear
GT
$1.75B
$48.6M 0.73%
4,454,332
-95,668
-2% -$964K
EWY icon
32
iShares MSCI South Korea ETF
EWY
$25.9B
$43M 0.64%
+500,000
New +$37M
XYZ
33
Block Inc
XYZ
$47.5B
$39.7M 0.59%
182,500
-100,000
-35% -$19.5M
BFH icon
34
Bread Financial
BFH
$4.36B
$33.3M 0.5%
+563,850
New +$28.3M
EQT icon
35
EQT Corp
EQT
$34B
$27.9M 0.42%
+2,192,085
New +$31.6M
FCX icon
36
Freeport-McMoran
FCX
$96.4B
$24.3M 0.36%
+935,000
New +$19.4M
MPLX icon
37
MPLX
MPLX
$60.1B
$23.7M 0.35%
+1,094,022
New +$21.6M
WES icon
38
Western Midstream Partners
WES
$19.9B
$13.6M 0.2%
985,376
+272,560
+38% +$3.13M
WFC icon
39
Wells Fargo
WFC
$264B
$12.1M 0.18%
400,000
-475,000
-54% -$12.3M
MMP
40
DELISTED
Magellan Midstream Partners, L.P.
MMP
$11.9M 0.18%
+280,690
New +$11.2M
PCGU
41
DELISTED
PG&E Corporation
PCGU
$9.21M 0.14%
75,000
– –
DGNS
42
DELISTED
Dragoneer Growth Opportunities Corp. II Class A Ordinary Shares
DGNS
$8.79M 0.13%
+750,000
New +$8.47M
TEN
43
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
$8.27M 0.12%
780,019
+25,019
+3% +$237K
KMI icon
44
Kinder Morgan
KMI
$70.1B
$8.06M 0.12%
+590,000
New +$7.9M
ENBL
45
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
$1.61M 0.02%
307,116
– –
BSX icon
46
Boston Scientific
BSX
$74.2B
– –
-787,500
Closed -$30.1M
MO icon
47
Altria Group
MO
$109B
– –
-925,000
Closed -$35.7M
T icon
48
AT&T
T
$168B
– –
-6,123,500
Closed -$132M
1
2

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David Tepper's Q4 2020 Portfolio in Review

As of Q4 2020, David Tepper held 48 positions worth $6.69B, up 18% from $5.66B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

David Tepper's Q4 2020 filing shows 16 new, 12 increased, 15 reduced and 3 closed positions. Its largest new stake was Occidental Petroleum: 8,100,540 shares worth $140M. The largest sale was PG&E, an estimated $434M.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Technology.

  • David Tepper's largest Q4 2020 buy was Occidental Petroleum: 8,100,540 shares worth $140M.
  • David Tepper added most to Amazon in Q4 2020, an estimated $179M increase.
  • David Tepper's biggest Q4 2020 reduction was PG&E, cutting an estimated $434M.
  • David Tepper fully exited AT&T in Q4 2020, selling an estimated $132M.
  • David Tepper's ten largest holdings make up 66% of its $6.69B portfolio in Q4 2020.
  • David Tepper opened 16 new positions and closed 3 in Q4 2020.
  • David Tepper's portfolio value rose 18% quarter-over-quarter to $6.69B.

Based on Appaloosa LP's 13F filing for Q4 2020, filed 16 Feb 2021.