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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
+18.65%
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
$1.89B
AUM Growth
+$545M
Cap. Flow
+$416M
Cap. Flow %
21.99%
Top 10 Hldgs %
73.81%
Holding
30
New
6
Increased
7
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$151M
2
FDX icon
FedEx
FDX
+$71.1M
3
AMZN icon
Amazon
AMZN
+$48.3M
4
NVDA icon
NVIDIA
NVDA
+$32.5M
5
TSLA icon
Tesla
TSLA
+$26.2M

Top Sells

Rank Stock Value
1
CEG icon
Constellation Energy
CEG
+$25M
2
HCA icon
HCA Healthcare
HCA
+$10.2M
3
APTV icon
Aptiv
APTV
+$4.66M
4
CRM icon
Salesforce
CRM
+$1.69M

Sector Composition

Rank Sector Weight
1 Communication Services 22.08%
2 Consumer Discretionary 19.74%
3 Technology 19.27%
4 Energy 14.65%
5 Utilities 8.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
26
Alibaba
BABA
$306B
$10.2M 0.54%
100,000
– –
EXEEL
27
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
$8.74M 0.46%
150,000
– –
AMLP icon
28
Alerian MLP ETF
AMLP
$13.3B
$7.88M 0.42%
204,000
– –
MPLX icon
29
MPLX
MPLX
$60.1B
$6.63M 0.35%
192,325
– –
APTV icon
30
Aptiv
APTV
$10.3B
– –
-50,000
Closed -$4.66M
1
2

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David Tepper's Q1 2023 Portfolio in Review

As of Q1 2023, David Tepper held 30 positions worth $1.89B, up 40% from $1.35B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

David Tepper deployed $416M of net new capital in Q1 2023, opening 6 new positions and adding to 7 existing holdings. Its largest new stake was FedEx: 350,000 shares worth $80M.

By sector, the portfolio is most concentrated in Communication Services at 22% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Constellation Energy, an estimated $25M trimmed.

  • David Tepper's largest Q1 2023 buy was FedEx: 350,000 shares worth $80M.
  • David Tepper added most to Uber in Q1 2023, an estimated $151M increase.
  • David Tepper's biggest Q1 2023 reduction was Constellation Energy, cutting an estimated $25M.
  • David Tepper fully exited Aptiv in Q1 2023, selling an estimated $4.66M.
  • David Tepper's ten largest holdings make up 74% of its $1.89B portfolio in Q1 2023.
  • David Tepper opened 6 new positions and closed 1 in Q1 2023.
  • David Tepper's portfolio value rose 40% quarter-over-quarter to $1.89B.

Based on Appaloosa LP's 13F filing for Q1 2023, filed 15 May 2023.