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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
+11.93%
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
$6.96B
AUM Growth
+$276M
Cap. Flow
-$199M
Cap. Flow %
-2.86%
Top 10 Hldgs %
56.92%
Holding
68
New
23
Increased
8
Reduced
29
Closed
6

Top Buys

Rank Stock Value
1
PARA
Paramount Global Class B
PARA
+$210M
2
EXE
Expand Energy Corp
EXE
+$164M
3
PSFE icon
Paysafe
PSFE
+$135M
4
DHI icon
D.R. Horton
DHI
+$91.2M
5
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$55.3M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$187M
2
PCG icon
PG&E
PCG
+$160M
3
TWTR
Twitter, Inc.
TWTR
+$128M
4
TMUS icon
T-Mobile US
TMUS
+$90.1M
5
PYPL icon
PayPal
PYPL
+$88.4M

Sector Composition

Rank Sector Weight
1 Communication Services 29.3%
2 Consumer Discretionary 18.47%
3 Technology 16.72%
4 Energy 11.69%
5 Utilities 4.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMR icon
26
Emerson Electric
EMR
$91.7B
$81.7M 1.17%
906,000
-69,000
-7% -$5.94M
CRM icon
27
Salesforce
CRM
$162B
$81.6M 1.17%
385,000
-165,000
-30% -$36.7M
GT icon
28
Goodyear
GT
$1.75B
$81.2M 1.17%
4,623,867
+169,535
+4% +$2.46M
MA icon
29
Mastercard
MA
$492B
$74.8M 1.07%
210,000
-192,500
-48% -$67.2M
EPD icon
30
Enterprise Products Partners
EPD
$81.8B
$71.3M 1.02%
3,235,841
-216,918
-6% -$4.77M
ADBE icon
31
Adobe
ADBE
$105B
$68.9M 0.99%
145,000
-55,000
-28% -$25.7M
DIS icon
32
Walt Disney
DIS
$179B
$63.7M 0.91%
345,000
-400,000
-54% -$73.8M
AMLP icon
33
Alerian MLP ETF
AMLP
$13.3B
$60.2M 0.86%
1,973,843
-151,157
-7% -$4.41M
NFLX icon
34
Netflix
NFLX
$311B
$56.1M 0.81%
1,075,000
-195,000
-15% -$10.3M
BFH icon
35
Bread Financial
BFH
$4.36B
$51.8M 0.74%
579,513
+15,663
+3% +$1.12M
FCX icon
36
Freeport-McMoran
FCX
$96.4B
$49.4M 0.71%
1,500,000
+565,000
+60% +$18.3M
PYPL icon
37
PayPal
PYPL
$50.5B
$42.5M 0.61%
175,000
-350,000
-67% -$88.4M
EWY icon
38
iShares MSCI South Korea ETF
EWY
$25.9B
$41.5M 0.6%
462,500
-37,500
-8% -$3.41M
EQT icon
39
EQT Corp
EQT
$34B
$37.8M 0.54%
2,032,085
-160,000
-7% -$2.78M
MOS icon
40
The Mosaic Company
MOS
$7.34B
$34M 0.49%
+1,075,000
New +$31.7M
AR icon
41
Antero Resources
AR
$11.6B
$30.2M 0.43%
+2,960,000
New +$25.1M
IQ icon
42
iQIYI
IQ
$1.3B
$27.3M 0.39%
+1,644,934
New +$38M
APA icon
43
APA Corp
APA
$14.2B
$26.9M 0.39%
+1,505,000
New +$27.5M
ETWO
44
DELISTED
E2open Parent Holdings
ETWO
$24.9M 0.36%
+2,500,000
New +$25.6M
MPLX icon
45
MPLX
MPLX
$60.1B
$24.1M 0.35%
941,021
-153,001
-14% -$3.75M
BP icon
46
BP
BP
$111B
$23.7M 0.34%
+975,000
New +$23.5M
WBD icon
47
Warner Bros
WBD
$67.9B
$20.6M 0.3%
+475,000
New +$23.7M
WES icon
48
Western Midstream Partners
WES
$19.9B
$17.4M 0.25%
936,962
-48,414
-5% -$824K
AGCB
49
DELISTED
Altimeter Growth Corp 2
AGCB
$15.6M 0.22%
+1,500,000
New +$17.9M
EXEEZ
50
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
$13.7M 0.2%
+694,957
New +$13.9M
1
2
3

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David Tepper's Q1 2021 Portfolio in Review

As of Q1 2021, David Tepper held 68 positions worth $6.96B, up 4.1% from $6.69B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

David Tepper's Q1 2021 filing shows 23 new, 8 increased, 29 reduced and 6 closed positions. Its largest new stake was Paramount Global Class B: 3,445,000 shares worth $155M. The largest sale was Alibaba, an estimated $187M.

By sector, the portfolio is most concentrated in Communication Services at 29% of assets, down from 32% a quarter earlier, followed by Consumer Discretionary and Technology.

  • David Tepper's largest Q1 2021 buy was Paramount Global Class B: 3,445,000 shares worth $155M.
  • David Tepper added most to State Street Energy Select Sector SPDR ETF in Q1 2021, an estimated $55.3M increase.
  • David Tepper's biggest Q1 2021 reduction was Alibaba, cutting an estimated $187M.
  • David Tepper fully exited Block Inc in Q1 2021, selling an estimated $39.7M.
  • David Tepper's ten largest holdings make up 57% of its $6.96B portfolio in Q1 2021.
  • David Tepper opened 23 new positions and closed 6 in Q1 2021.
  • David Tepper's portfolio value rose 4.1% quarter-over-quarter to $6.96B.

Based on Appaloosa LP's 13F filing for Q1 2021, filed 17 May 2021.