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 |
Lyft
LYFT
|
+$122M |
| 2 |
KraneShares CSI China Internet ETF
KWEB
|
+$29.1M |
| 3 |
JD.com
JD
|
+$19.4M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$14.8M |
| 5 |
Uber
UBER
|
+$9.73M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$377M |
| 2 |
Microsoft
MSFT
|
+$92.3M |
| 3 |
Meta Platforms (Facebook)
META
|
+$91.1M |
| 4 |
Amazon
AMZN
|
+$64.8M |
| 5 |
Alibaba
BABA
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.15% |
| 2 | Consumer Discretionary | 30.91% |
| 3 | Communication Services | 15.68% |
| 4 | Energy | 5.3% |
| 5 | Industrials | 4.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
United Parcel Service
UPS
$88.8B
| $82.8M | 1.34% |
605,000
+5,000
| +0.8% | +$716K |
|
27
TSMC
TSM
$2.19T
| $80M | 1.29% |
460,000
-40,000
| -8% | -$6.07M |
|
28
EQT Corp
EQT
$34B
| $70.4M | 1.14% |
1,905,000
-155,000
| -8% | -$6.07M |
|
29
Antero Resources
AR
$11.6B
| $60.4M | 0.98% |
1,850,000
-150,000
| -8% | -$4.91M |
|
30
Boeing
BA
$184B
| $38.2M | 0.62% |
210,000
-15,000
| -7% | -$2.67M |
|
|
SWN
31
DELISTED
Southwestern Energy Company
SWN
| $29.9M | 0.48% |
4,440,000
-360,000
| -8% | -$2.63M |
|
32
KE Holdings
BEKE
$18.7B
| $29.5M | 0.48% |
2,085,000
+380,000
| +22% | +$5.95M |
|
33
MPLX
MPLX
$60.1B
| $26M | 0.42% |
611,500
-48,500
| -7% | -$2M |
|
34
Macy's
M
$6.45B
| $24.3M | 0.39% |
1,265,000
-135,000
| -10% | -$2.58M |
|
|
EXEEZ
35
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $17.9M | 0.29% |
250,000
| – | – |
|
|
EXE
36
Expand Energy Corp
EXE
$22.7B
| $15.5M | 0.25% |
188,000
-15,000
| -7% | -$1.32M |
|
|
EXEEL
37
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $9.3M | 0.15% |
150,000
| – | – |
|
|
38
PUT
Microsoft
MSFT
$3.74T
| – | – |
-150,000
| Closed | -$63.1M |
|
39
Norfolk Southern
NSC
$75.2B
| – | – |
-45,000
| Closed | -$11.5M |
|
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David Tepper's Q2 2024 Portfolio in Review
As of Q2 2024, David Tepper held 39 positions worth $6.18B, down 8.6% from $6.75B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
David Tepper withdrew a net $822M in Q2 2024, closing 2 positions and reducing 26 holdings. Its most notable exit was Norfolk Southern, an estimated $11.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 38% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, David Tepper added an estimated $122M to Lyft.
- David Tepper added most to Lyft in Q2 2024, an estimated $122M increase.
- David Tepper's biggest Q2 2024 reduction was NVIDIA, cutting an estimated $377M.
- David Tepper fully exited Norfolk Southern in Q2 2024, selling an estimated $11.5M.
- David Tepper's ten largest holdings make up 64% of its $6.18B portfolio in Q2 2024.
- David Tepper opened 0 new positions and closed 2 in Q2 2024.
- David Tepper's portfolio value fell 8.6% quarter-over-quarter to $6.18B.
Based on Appaloosa LP's 13F filing for Q2 2024, filed 14 Aug 2024.