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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
+7.26%
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
$1.36B
AUM Growth
-$232M
Cap. Flow
-$285M
Cap. Flow %
-20.92%
Top 10 Hldgs %
86.09%
Holding
30
New
–
Increased
–
Reduced
12
Closed
8

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
KSS icon
Kohl's
KSS
+$66.9M
2
OXY icon
Occidental Petroleum
OXY
+$51.5M
3
MU icon
Micron Technology
MU
+$31.8M
4
APTV icon
Aptiv
APTV
+$22.3M
5
META icon
Meta Platforms (Facebook)
META
+$20.3M

Sector Composition

Rank Sector Weight
1 Communication Services 22.82%
2 Energy 21.05%
3 Consumer Discretionary 19.48%
4 Utilities 16.08%
5 Technology 7.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KSS icon
26
Kohl's
KSS
$2.1B
– –
-1,875,000
Closed -$66.9M
MU icon
27
Micron Technology
MU
$981B
– –
-575,000
Closed -$31.8M
NFLX icon
28
Netflix
NFLX
$311B
– –
-500,000
Closed -$8.74M
OXY icon
29
Occidental Petroleum
OXY
$59B
– –
-875,000
Closed -$51.5M
PCG icon
30
PG&E
PCG
$38.1B
– –
-750,000
Closed -$7.49M
1
2

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David Tepper's Q3 2022 Portfolio in Review

As of Q3 2022, David Tepper held 30 positions worth $1.36B, down 15% from $1.59B the previous quarter. Its ten largest holdings account for 86% of the portfolio.

David Tepper withdrew a net $285M in Q3 2022, closing 8 positions and reducing 12 holdings. Its most notable exit was Kohl's, an estimated $66.9M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 23% of assets, down from 25% a quarter earlier, followed by Energy and Consumer Discretionary.

  • David Tepper's biggest Q3 2022 reduction was Meta Platforms (Facebook), cutting an estimated $20.3M.
  • David Tepper fully exited Kohl's in Q3 2022, selling an estimated $66.9M.
  • David Tepper's ten largest holdings make up 86% of its $1.36B portfolio in Q3 2022.
  • David Tepper opened 0 new positions and closed 8 in Q3 2022.
  • David Tepper's portfolio value fell 15% quarter-over-quarter to $1.36B.

Based on Appaloosa LP's 13F filing for Q3 2022, filed 14 Nov 2022.