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 |
Pinduoduo
PDD
|
+$413M |
| 2 |
Vistra
VST
|
+$108M |
| 3 |
Lyft
LYFT
|
+$93M |
| 4 |
JD.com
JD
|
+$82.1M |
| 5 |
NRG Energy
NRG
|
+$79.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$160M |
| 2 |
Microsoft
MSFT
|
+$90.3M |
| 3 |
Adobe
ADBE
|
+$87.8M |
| 4 |
United Parcel Service
UPS
|
+$82.8M |
| 5 |
Oracle
ORCL
|
+$61.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 43.19% |
| 2 | Technology | 27.89% |
| 3 | Communication Services | 12.22% |
| 4 | Energy | 4.37% |
| 5 | Utilities | 3.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Wynn Resorts
WYNN
$10.8B
| $76.7M | 1.14% |
+800,000
| New | +$64.3M |
|
27
NVIDIA
NVDA
$5.27T
| $75.9M | 1.13% |
625,000
-65,000
| -9% | -$7.68M |
|
28
TSMC
TSM
$2.19T
| $69.5M | 1.03% |
400,000
-60,000
| -13% | -$10.2M |
|
29
EQT Corp
EQT
$34B
| $65.8M | 0.98% |
1,795,000
-110,000
| -6% | -$3.74M |
|
30
ASML
ASML
$691B
| $64.6M | 0.96% |
77,500
-10,000
| -11% | -$8.94M |
|
31
Intel
INTC
$493B
| $58.6M | 0.87% |
2,500,000
-280,000
| -10% | -$6.99M |
|
32
Antero Resources
AR
$11.6B
| $50M | 0.74% |
1,745,000
-105,000
| -6% | -$2.98M |
|
33
KE Holdings
BEKE
$18.7B
| $43.3M | 0.64% |
2,175,000
+90,000
| +4% | +$1.33M |
|
|
SWN
34
DELISTED
Southwestern Energy Company
SWN
| $29.7M | 0.44% |
4,180,000
-260,000
| -6% | -$1.68M |
|
35
MPLX
MPLX
$60.1B
| $25.7M | 0.38% |
578,500
-33,000
| -5% | -$1.41M |
|
|
EXEEZ
36
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $17.4M | 0.26% |
250,000
| – | – |
|
|
EXE
37
Expand Energy Corp
EXE
$22.7B
| $13.6M | 0.2% |
165,000
-23,000
| -12% | -$1.76M |
|
|
EXEEL
38
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $9.86M | 0.15% |
150,000
| – | – |
|
39
Boeing
BA
$184B
| – | – |
-210,000
| Closed | -$38.2M |
|
40
Macy's
M
$6.45B
| – | – |
-1,265,000
| Closed | -$24.3M |
|
|
41
United Parcel Service
UPS
$88.8B
| – | – |
-605,000
| Closed | -$82.8M |
|
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David Tepper's Q3 2024 Portfolio in Review
As of Q3 2024, David Tepper held 41 positions worth $6.73B, up 9% from $6.18B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
David Tepper's Q3 2024 filing shows 4 new, 4 increased, 28 reduced and 3 closed positions. Its largest new stake was Vistra: 1,270,388 shares worth $151M. The largest sale was Meta Platforms (Facebook), an estimated $160M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 43% of assets, up from 31% a quarter earlier, followed by Technology and Communication Services.
- David Tepper's largest Q3 2024 buy was Vistra: 1,270,388 shares worth $151M.
- David Tepper added most to Pinduoduo in Q3 2024, an estimated $413M increase.
- David Tepper's biggest Q3 2024 reduction was Meta Platforms (Facebook), cutting an estimated $160M.
- David Tepper fully exited United Parcel Service in Q3 2024, selling an estimated $82.8M.
- David Tepper's ten largest holdings make up 65% of its $6.73B portfolio in Q3 2024.
- David Tepper opened 4 new positions and closed 3 in Q3 2024.
- David Tepper's portfolio value rose 9% quarter-over-quarter to $6.73B.
Based on Appaloosa LP's 13F filing for Q3 2024, filed 14 Nov 2024.