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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
+1.96%
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
$5.07B
AUM Growth
-$323M
Cap. Flow
-$353M
Cap. Flow %
-6.97%
Top 10 Hldgs %
72.26%
Holding
40
New
1
Increased
8
Reduced
7
Closed
8

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$135M
2
MSFT icon
Microsoft
MSFT
+$131M
3
AMZN icon
Amazon
AMZN
+$78.7M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$57.2M
5
PDD icon
Pinduoduo
PDD
+$56M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$105M
2
AVGO icon
Broadcom
AVGO
+$104M
3
AAPL icon
Apple
AAPL
+$93.1M
4
BIDU icon
Baidu
BIDU
+$85.5M
5
BABA icon
Alibaba
BABA
+$80.1M

Sector Composition

Rank Sector Weight
1 Technology 44.34%
2 Consumer Discretionary 21.79%
3 Communication Services 20.48%
4 Energy 6.69%
5 Industrials 3.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BEKE icon
26
KE Holdings
BEKE
$18.7B
$37.2M 0.74%
+2,400,000
New +$38.1M
SWN
27
DELISTED
Southwestern Energy Company
SWN
$31M 0.61%
4,800,000
– –
EXEEZ
28
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
$18.4M 0.36%
250,000
– –
EXE
29
Expand Energy Corp
EXE
$22.7B
$17.5M 0.35%
203,000
– –
EPD icon
30
Enterprise Products Partners
EPD
$81.8B
$13.6M 0.27%
495,980
– –
EXEEL
31
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
$10.6M 0.21%
150,000
– –
MPLX icon
32
MPLX
MPLX
$60.1B
$6.49M 0.13%
182,325
– –
AAPL icon
33
Apple
AAPL
$4.45T
– –
-480,000
Closed -$93.1M
AVGO icon
34
Broadcom
AVGO
$1.98T
– –
-1,200,000
Closed -$104M
CDNS icon
35
Cadence Design Systems
CDNS
$90.2B
– –
-190,000
Closed -$44.6M
CEG icon
36
Constellation Energy
CEG
$98.6B
– –
-500,000
Closed -$45.8M
FXI icon
37
iShares China Large-Cap ETF
FXI
$4.25B
– –
-1,500,000
Closed -$40.8M
KWEB icon
38
KraneShares CSI China Internet ETF
KWEB
$5.56B
– –
-1,600,000
Closed -$43.1M
MRVL icon
39
Marvell Technology
MRVL
$191B
– –
-1,750,000
Closed -$105M
SNPS icon
40
Synopsys
SNPS
$78.7B
– –
-145,000
Closed -$63.1M
1
2

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David Tepper's Q3 2023 Portfolio in Review

As of Q3 2023, David Tepper held 40 positions worth $5.07B, down 6% from $5.39B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

David Tepper withdrew a net $353M in Q3 2023, closing 8 positions and reducing 7 holdings. Its most notable exit was Marvell Technology, an estimated $105M position sold in full.

By sector, the portfolio is most concentrated in Technology at 44% of assets, down from 51% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, David Tepper opened a new position in KE Holdings worth $37.2M.

  • David Tepper's largest Q3 2023 buy was KE Holdings: 2,400,000 shares worth $37.2M.
  • David Tepper added most to Meta Platforms (Facebook) in Q3 2023, an estimated $135M increase.
  • David Tepper's biggest Q3 2023 reduction was Baidu, cutting an estimated $85.5M.
  • David Tepper fully exited Marvell Technology in Q3 2023, selling an estimated $105M.
  • David Tepper's ten largest holdings make up 72% of its $5.07B portfolio in Q3 2023.
  • David Tepper opened 1 new position and closed 8 in Q3 2023.
  • David Tepper's portfolio value fell 6% quarter-over-quarter to $5.07B.

Based on Appaloosa LP's 13F filing for Q3 2023, filed 14 Nov 2023.