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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
+9.02%
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
$3.89B
AUM Growth
-$311M
Cap. Flow
-$545M
Cap. Flow %
-14.02%
Top 10 Hldgs %
58.05%
Holding
56
New
5
Increased
5
Reduced
16
Closed
12

Top Buys

Rank Stock Value
1
GM icon
General Motors
GM
+$131M
2
M icon
Macy's
M
+$84.4M
3
EQT icon
EQT Corp
EQT
+$42.7M
4
JWN
Nordstrom
JWN
+$36.3M
5
DKS icon
Dick's Sporting Goods
DKS
+$21.3M

Top Sells

Rank Stock Value
1
TMUS icon
T-Mobile US
TMUS
+$149M
2
HCA icon
HCA Healthcare
HCA
+$93.9M
3
BABA icon
Alibaba
BABA
+$77.7M
4
TWTR
Twitter, Inc.
TWTR
+$74.6M
5
UBER icon
Uber
UBER
+$74.4M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 29.36%
2 Communication Services 23.37%
3 Energy 14.62%
4 Technology 10.6%
5 Materials 4.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPD icon
26
Enterprise Products Partners
EPD
$81.8B
$43.1M 1.11%
1,961,623
– –
AMLP icon
27
Alerian MLP ETF
AMLP
$13.3B
$37.8M 0.97%
1,155,000
– –
JWN
28
DELISTED
Nordstrom
JWN
$31M 0.8%
+1,369,907
New +$36.3M
EXE
29
Expand Energy Corp
EXE
$22.7B
$25.8M 0.66%
400,000
-24,000
-6% -$1.52M
EXEEZ
30
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
$25M 0.64%
694,957
– –
EXEEW
31
DELISTED
Expand Energy Corp Class A Warrants
EXEEW
$24M 0.62%
600,000
-25,461
-4% -$974K
EWY icon
32
iShares MSCI South Korea ETF
EWY
$25.9B
$23.2M 0.6%
298,000
– –
APA icon
33
APA Corp
APA
$14.2B
$22M 0.57%
818,000
– –
DKS icon
34
Dick's Sporting Goods
DKS
$18.4B
$20.5M 0.53%
+178,072
New +$21.3M
MPLX icon
35
MPLX
MPLX
$60.1B
$15.4M 0.4%
519,706
– –
AGCB
36
DELISTED
Altimeter Growth Corp 2
AGCB
$14.8M 0.38%
1,500,000
– –
WES icon
37
Western Midstream Partners
WES
$19.9B
$12.6M 0.32%
565,117
– –
EXEEL
38
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
$12.5M 0.32%
386,087
– –
BFH icon
39
Bread Financial
BFH
$4.36B
$11M 0.28%
165,117
-222,060
-57% -$16.4M
UBER icon
40
Uber
UBER
$160B
$9.43M 0.24%
225,000
-1,725,500
-88% -$74.4M
GAP
41
The Gap Inc
GAP
$7.55B
$8.72M 0.22%
+494,032
New +$10.3M
PCGU
42
DELISTED
PG&E Corporation
PCGU
$8.68M 0.22%
75,000
– –
FL
43
DELISTED
Foot Locker
FL
$7.24M 0.19%
+165,938
New +$7.88M
TCVA
44
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
$5.92M 0.15%
600,000
– –
BABA icon
45
Alibaba
BABA
$306B
– –
-525,000
Closed -$77.7M
ETWO
46
DELISTED
E2open Parent Holdings
ETWO
– –
-2,500,000
Closed -$28.3M
HCA icon
47
HCA Healthcare
HCA
$89.1B
– –
-387,000
Closed -$93.9M
MA icon
48
Mastercard
MA
$492B
– –
-132,000
Closed -$45.9M
OVV icon
49
Ovintiv
OVV
$17.6B
– –
-125,000
Closed -$4.11M
PSFE icon
50
Paysafe
PSFE
$353M
– –
-708,333
Closed -$65.9M
1
2
3

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David Tepper's Q4 2021 Portfolio in Review

As of Q4 2021, David Tepper held 56 positions worth $3.89B, down 7.4% from $4.2B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

David Tepper withdrew a net $545M in Q4 2021, closing 12 positions and reducing 16 holdings. Its most notable exit was HCA Healthcare, an estimated $93.9M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, up from 20% a quarter earlier, followed by Communication Services and Energy.

Against the trend, David Tepper opened a new position in General Motors worth $132M.

  • David Tepper's largest Q4 2021 buy was General Motors: 2,250,000 shares worth $132M.
  • David Tepper added most to Macy's in Q4 2021, an estimated $84.4M increase.
  • David Tepper's biggest Q4 2021 reduction was T-Mobile US, cutting an estimated $149M.
  • David Tepper fully exited HCA Healthcare in Q4 2021, selling an estimated $93.9M.
  • David Tepper's ten largest holdings make up 58% of its $3.89B portfolio in Q4 2021.
  • David Tepper opened 5 new positions and closed 12 in Q4 2021.
  • David Tepper's portfolio value fell 7.4% quarter-over-quarter to $3.89B.

Based on Appaloosa LP's 13F filing for Q4 2021, filed 14 Feb 2022.