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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
-2.67%
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
$4.2B
AUM Growth
-$633M
Cap. Flow
-$406M
Cap. Flow %
-9.66%
Top 10 Hldgs %
53.07%
Holding
57
New
3
Increased
11
Reduced
27
Closed
6

Top Buys

Rank Stock Value
1
ALIT icon
Alight
ALIT
+$84.3M
2
M icon
Macy's
M
+$67.8M
3
EQT icon
EQT Corp
EQT
+$34.5M
4
GT icon
Goodyear
GT
+$33M
5
OXY icon
Occidental Petroleum
OXY
+$24.8M

Top Sells

Rank Stock Value
1
MU icon
Micron Technology
MU
+$218M
2
AMZN icon
Amazon
AMZN
+$190M
3
EMR icon
Emerson Electric
EMR
+$71M
4
PARA
Paramount Global Class B
PARA
+$66.7M
5
NFLX icon
Netflix
NFLX
+$34.6M

Sector Composition

Rank Sector Weight
1 Communication Services 28.35%
2 Consumer Discretionary 20.24%
3 Technology 14.66%
4 Energy 12.43%
5 Healthcare 3.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QCOM icon
26
Qualcomm
QCOM
$171B
$63.2M 1.51%
490,000
-23,000
-4% -$3.26M
FCX icon
27
Freeport-McMoran
FCX
$96.4B
$61.8M 1.47%
1,900,000
-100,000
-5% -$3.52M
V icon
28
Visa
V
$677B
$58.5M 1.39%
262,500
-12,500
-5% -$2.93M
EQT icon
29
EQT Corp
EQT
$34B
$58.3M 1.39%
2,850,000
+1,785,000
+168% +$34.5M
AR icon
30
Antero Resources
AR
$11.6B
$53.5M 1.27%
2,845,263
+1,065,263
+60% +$15.6M
KMX icon
31
CarMax
KMX
$8.26B
$50.1M 1.19%
391,500
-23,500
-6% -$3.13M
MA icon
32
Mastercard
MA
$492B
$45.9M 1.09%
132,000
-8,000
-6% -$2.91M
EPD icon
33
Enterprise Products Partners
EPD
$81.8B
$42.5M 1.01%
1,961,623
-100,750
-5% -$2.29M
AMLP icon
34
Alerian MLP ETF
AMLP
$13.3B
$38.5M 0.92%
1,155,000
-60,000
-5% -$2M
BFH icon
35
Bread Financial
BFH
$4.36B
$31.2M 0.74%
387,177
-20,048
-5% -$1.55M
ETWO
36
DELISTED
E2open Parent Holdings
ETWO
$28.3M 0.67%
2,500,000
– –
EXE
37
Expand Energy Corp
EXE
$22.7B
$26.1M 0.62%
424,000
-101,903
-19% -$5.71M
EWY icon
38
iShares MSCI South Korea ETF
EWY
$25.9B
$24M 0.57%
298,000
-10,000
-3% -$870K
EXEEW
39
DELISTED
Expand Energy Corp Class A Warrants
EXEEW
$22.6M 0.54%
625,461
– –
EXEEZ
40
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
$22.1M 0.53%
694,957
– –
APA icon
41
APA Corp
APA
$14.2B
$17.5M 0.42%
818,000
-42,000
-5% -$803K
AGCB
42
DELISTED
Altimeter Growth Corp 2
AGCB
$14.8M 0.35%
1,500,000
– –
MPLX icon
43
MPLX
MPLX
$60.1B
$14.8M 0.35%
519,706
-27,300
-5% -$774K
WMT icon
44
Walmart Inc
WMT
$901B
$13.9M 0.33%
+300,000
New +$14.5M
WES icon
45
Western Midstream Partners
WES
$19.9B
$11.8M 0.28%
565,117
-22,079
-4% -$440K
EXEEL
46
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
$11.3M 0.27%
386,087
– –
BODI icon
47
The Beachbody Company
BODI
$45.6M
$11.1M 0.26%
40,000
– –
DGNS
48
DELISTED
Dragoneer Growth Opportunities Corp. II Class A Ordinary Shares
DGNS
$7.46M 0.18%
750,000
– –
PCGU
49
DELISTED
PG&E Corporation
PCGU
$7.17M 0.17%
75,000
– –
TCVA
50
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
$5.88M 0.14%
600,000
– –
1
2
3

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David Tepper's Q3 2021 Portfolio in Review

As of Q3 2021, David Tepper held 57 positions worth $4.2B, down 13% from $4.83B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

David Tepper withdrew a net $406M in Q3 2021, closing 6 positions and reducing 27 holdings. Its most notable exit was Emerson Electric, an estimated $71M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 28% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, David Tepper opened a new position in Alight worth $91.8M.

  • David Tepper's largest Q3 2021 buy was Alight: 400,000 shares worth $91.8M.
  • David Tepper added most to Macy's in Q3 2021, an estimated $67.8M increase.
  • David Tepper's biggest Q3 2021 reduction was Micron Technology, cutting an estimated $218M.
  • David Tepper fully exited Emerson Electric in Q3 2021, selling an estimated $71M.
  • David Tepper's ten largest holdings make up 53% of its $4.2B portfolio in Q3 2021.
  • David Tepper opened 3 new positions and closed 6 in Q3 2021.
  • David Tepper's portfolio value fell 13% quarter-over-quarter to $4.2B.

Based on Appaloosa LP's 13F filing for Q3 2021, filed 15 Nov 2021.