David Tepper Appaloosa LP
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$145M |
| 2 |
United Parcel Service
UPS
|
+$75.6M |
| 3 |
Alibaba
BABA
|
+$59.8M |
| 4 |
Caesars Entertainment
CZR
|
+$32.2M |
| 5 |
HCA Healthcare
HCA
|
+$29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$109M |
| 2 |
Pinduoduo
PDD
|
+$75.8M |
| 3 |
Intel
INTC
|
+$67M |
| 4 |
Uber
UBER
|
+$65.4M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$61.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 43.52% |
| 2 | Consumer Discretionary | 22.04% |
| 3 | Communication Services | 18.19% |
| 4 | Energy | 5.72% |
| 5 | Industrials | 4.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Antero Resources
AR
$11.6B
| $45.4M | 0.78% |
2,000,000
+40,000
| +2% | +$1.01M |
|
|
27
HCA Healthcare
HCA
$89.1B
| $31.7M | 0.55% |
+117,198
| New | +$29M |
|
|
SWN
28
DELISTED
Southwestern Energy Company
SWN
| $31.4M | 0.54% |
4,800,000
| – | – |
|
29
KE Holdings
BEKE
$18.7B
| $27.6M | 0.48% |
1,705,000
-695,000
| -29% | -$10.8M |
|
30
MPLX
MPLX
$60.1B
| $24.2M | 0.42% |
660,000
+477,675
| +262% | +$17.2M |
|
31
FMC
FMC
$1.3B
| $20.5M | 0.35% |
+325,000
| New | +$18.8M |
|
|
EXEEZ
32
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $16.2M | 0.28% |
250,000
| – | – |
|
|
EXE
33
Expand Energy Corp
EXE
$22.7B
| $15.6M | 0.27% |
203,000
| – | – |
|
34
Whirlpool
WHR
$2.84B
| $11M | 0.19% |
+90,000
| New | +$10.5M |
|
35
Norfolk Southern
NSC
$75.2B
| $10.6M | 0.18% |
+45,000
| New | +$9.43M |
|
36
Mohawk Industries
MHK
$9.26B
| $9.83M | 0.17% |
+95,000
| New | +$8.32M |
|
37
General Motors
GM
$78.4B
| $9.52M | 0.16% |
+265,000
| New | +$8.2M |
|
|
EXEEL
38
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $8.96M | 0.15% |
150,000
| – | – |
|
39
Masco
MAS
$15B
| $8.71M | 0.15% |
+130,000
| New | +$7.55M |
|
40
Owens Corning
OC
$12.6B
| $3.71M | 0.06% |
+25,000
| New | +$3.31M |
|
41
Arista Networks
ANET
$250B
| – | – |
-1,000,000
| Closed | -$46M |
|
42
Enterprise Products Partners
EPD
$81.8B
| – | – |
-495,980
| Closed | -$13.6M |
|
43
JD.com
JD
$43.1B
| – | – |
-1,675,000
| Closed | -$48.8M |
|
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David Tepper's Q4 2023 Portfolio in Review
As of Q4 2023, David Tepper held 43 positions worth $5.79B, up 14% from $5.07B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
David Tepper's Q4 2023 filing shows 11 new, 6 increased, 14 reduced and 3 closed positions. Its largest new stake was Oracle: 1,325,000 shares worth $140M. The largest sale was NVIDIA, an estimated $109M.
By sector, the portfolio is most concentrated in Technology at 44% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- David Tepper's largest Q4 2023 buy was Oracle: 1,325,000 shares worth $140M.
- David Tepper added most to Alibaba in Q4 2023, an estimated $59.8M increase.
- David Tepper's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $109M.
- David Tepper fully exited JD.com in Q4 2023, selling an estimated $48.8M.
- David Tepper's ten largest holdings make up 69% of its $5.79B portfolio in Q4 2023.
- David Tepper opened 11 new positions and closed 3 in Q4 2023.
- David Tepper's portfolio value rose 14% quarter-over-quarter to $5.79B.
Based on Appaloosa LP's 13F filing for Q4 2023, filed 14 Feb 2024.