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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
+11.69%
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
$2.5B
AUM Growth
-$1.39B
Cap. Flow
-$1.58B
Cap. Flow %
-63.27%
Top 10 Hldgs %
70.5%
Holding
46
New
2
Increased
3
Reduced
26
Closed
12

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$64.5M
2
AMZN icon
Amazon
AMZN
+$46.4M
3
LVS icon
Las Vegas Sands
LVS
+$21.8M
4
MSFT icon
Microsoft
MSFT
+$20.6M
5
WYNN icon
Wynn Resorts
WYNN
+$19M

Top Sells

Rank Stock Value
1
OXY icon
Occidental Petroleum
OXY
+$166M
2
TMUS icon
T-Mobile US
TMUS
+$148M
3
GM icon
General Motors
GM
+$132M
4
DHI icon
D.R. Horton
DHI
+$119M
5
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$101M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 25.11%
2 Communication Services 21.22%
3 Energy 20.41%
4 Technology 13.94%
5 Materials 3.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMLP icon
26
Alerian MLP ETF
AMLP
$13.3B
$15.5M 0.62%
405,000
-750,000
-65% -$27.6M
AGCB
27
DELISTED
Altimeter Growth Corp 2
AGCB
$14.7M 0.59%
1,500,000
– –
EXEEL
28
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
$13.4M 0.53%
240,000
-146,087
-38% -$6M
EXE
29
Expand Energy Corp
EXE
$22.7B
$10.6M 0.42%
122,000
-278,000
-70% -$20.4M
PCGU
30
DELISTED
PG&E Corporation
PCGU
$8.43M 0.34%
75,000
– –
APA icon
31
APA Corp
APA
$14.2B
$8.27M 0.33%
200,000
-618,000
-76% -$21.6M
WES icon
32
Western Midstream Partners
WES
$19.9B
$6.04M 0.24%
239,310
-325,807
-58% -$8.03M
TCVA
33
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
$5.86M 0.23%
600,000
– –
MPLX icon
34
MPLX
MPLX
$60.1B
$3.99M 0.16%
120,380
-399,326
-77% -$12.9M
ALIT icon
35
Alight
ALIT
$364M
– –
-214,740
Closed -$46.4M
BFH icon
36
Bread Financial
BFH
$4.36B
– –
-165,117
Closed -$11M
DHI icon
37
D.R. Horton
DHI
$42.2B
– –
-1,100,000
Closed -$119M
DKS icon
38
Dick's Sporting Goods
DKS
$18.4B
– –
-178,072
Closed -$20.5M
EWY icon
39
iShares MSCI South Korea ETF
EWY
$25.9B
– –
-298,000
Closed -$23.2M
FL
40
DELISTED
Foot Locker
FL
– –
-165,938
Closed -$7.24M
GM icon
41
General Motors
GM
$78.4B
– –
-2,250,000
Closed -$132M
KMX icon
42
CarMax
KMX
$8.26B
– –
-391,500
Closed -$51M
PHM icon
43
Pultegroup
PHM
$25.2B
– –
-1,450,000
Closed -$82.9M
TMUS icon
44
T-Mobile US
TMUS
$192B
– –
-1,275,992
Closed -$148M
GAP
45
The Gap Inc
GAP
$7.55B
– –
-494,032
Closed -$8.72M
EXEEW
46
DELISTED
Expand Energy Corp Class A Warrants
EXEEW
– –
-600,000
Closed -$24M
1
2

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David Tepper's Q1 2022 Portfolio in Review

As of Q1 2022, David Tepper held 46 positions worth $2.5B, down 36% from $3.89B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

David Tepper withdrew a net $1.58B in Q1 2022, closing 12 positions and reducing 26 holdings. Its most notable exit was T-Mobile US, an estimated $148M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 29% a quarter earlier, followed by Communication Services and Energy.

Against the trend, David Tepper opened a new position in Las Vegas Sands worth $20.4M.

  • David Tepper's largest Q1 2022 buy was Las Vegas Sands: 525,000 shares worth $20.4M.
  • David Tepper added most to Uber in Q1 2022, an estimated $64.5M increase.
  • David Tepper's biggest Q1 2022 reduction was Occidental Petroleum, cutting an estimated $166M.
  • David Tepper fully exited T-Mobile US in Q1 2022, selling an estimated $148M.
  • David Tepper's ten largest holdings make up 70% of its $2.5B portfolio in Q1 2022.
  • David Tepper opened 2 new positions and closed 12 in Q1 2022.
  • David Tepper's portfolio value fell 36% quarter-over-quarter to $2.5B.

Based on Appaloosa LP's 13F filing for Q1 2022, filed 16 May 2022.