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 |
Alibaba
BABA
|
+$505M |
| 2 |
Adobe
ADBE
|
+$201M |
| 3 |
Pinduoduo
PDD
|
+$174M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$147M |
| 5 |
Baidu
BIDU
|
+$125M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$333M |
| 2 |
Meta Platforms (Facebook)
META
|
+$325M |
| 3 |
NVIDIA
NVDA
|
+$252M |
| 4 |
Microsoft
MSFT
|
+$121M |
| 5 |
Advanced Micro Devices
AMD
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.43% |
| 2 | Consumer Discretionary | 29.27% |
| 3 | Communication Services | 15.55% |
| 4 | Energy | 5.21% |
| 5 | Industrials | 4.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
EQT Corp
EQT
$34B
| $76.4M | 1.13% |
2,060,000
| – | – |
|
27
TSMC
TSM
$2.19T
| $68M | 1.01% |
500,000
| – | – |
|
|
28
PUT
Microsoft
MSFT
$3.74T
| $63.1M | 0.93% |
+150,000
| New | +$60.7M |
|
29
Antero Resources
AR
$11.6B
| $58M | 0.86% |
2,000,000
| – | – |
|
30
Boeing
BA
$184B
| $43.4M | 0.64% |
+225,000
| New | +$46.2M |
|
|
SWN
31
DELISTED
Southwestern Energy Company
SWN
| $36.4M | 0.54% |
4,800,000
| – | – |
|
32
Macy's
M
$6.45B
| $28M | 0.41% |
1,400,000
-3,050,000
| -69% | -$58.9M |
|
33
MPLX
MPLX
$60.1B
| $27.4M | 0.41% |
660,000
| – | – |
|
34
KE Holdings
BEKE
$18.7B
| $23.4M | 0.35% |
1,705,000
| – | – |
|
|
EXEEZ
35
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $20.4M | 0.3% |
250,000
| – | – |
|
|
EXE
36
Expand Energy Corp
EXE
$22.7B
| $18M | 0.27% |
203,000
| – | – |
|
37
Norfolk Southern
NSC
$75.2B
| $11.5M | 0.17% |
45,000
| – | – |
|
|
EXEEL
38
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $10.8M | 0.16% |
150,000
| – | – |
|
39
Lyft
LYFT
$6.64B
| $9.05M | 0.13% |
+467,618
| New | +$7.17M |
|
40
CALL
ARK Innovation ETF
ARKK
$6.38B
| – | – |
-2,550,000
| Closed | -$134M |
|
41
FMC
FMC
$1.3B
| – | – |
-325,000
| Closed | -$20.5M |
|
42
General Motors
GM
$78.4B
| – | – |
-265,000
| Closed | -$9.52M |
|
43
HCA Healthcare
HCA
$89.1B
| – | – |
-117,198
| Closed | -$31.7M |
|
44
Masco
MAS
$15B
| – | – |
-130,000
| Closed | -$8.71M |
|
45
Mohawk Industries
MHK
$9.26B
| – | – |
-95,000
| Closed | -$9.83M |
|
46
Owens Corning
OC
$12.6B
| – | – |
-25,000
| Closed | -$3.71M |
|
47
Whirlpool
WHR
$2.84B
| – | – |
-90,000
| Closed | -$11M |
|
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David Tepper's Q1 2024 Portfolio in Review
As of Q1 2024, David Tepper held 47 positions worth $6.75B, up 17% from $5.79B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
David Tepper's Q1 2024 filing shows 7 new, 6 increased, 13 reduced and 8 closed positions. Its largest new stake was Adobe: 350,000 shares worth $177M. The largest sale was Uber, an estimated $333M.
By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- David Tepper's largest Q1 2024 buy was Adobe: 350,000 shares worth $177M.
- David Tepper added most to Alibaba in Q1 2024, an estimated $505M increase.
- David Tepper's biggest Q1 2024 reduction was Uber, cutting an estimated $333M.
- David Tepper fully exited HCA Healthcare in Q1 2024, selling an estimated $31.7M.
- David Tepper's ten largest holdings make up 65% of its $6.75B portfolio in Q1 2024.
- David Tepper opened 7 new positions and closed 8 in Q1 2024.
- David Tepper's portfolio value rose 17% quarter-over-quarter to $6.75B.
Based on Appaloosa LP's 13F filing for Q1 2024, filed 15 May 2024.