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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
+10.46%
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
$6.09B
AUM Growth
+$447M
Cap. Flow
-$32M
Cap. Flow %
-0.53%
Top 10 Hldgs %
55.57%
Holding
65
New
11
Increased
16
Reduced
20
Closed
12

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$208M
2
GM icon
General Motors
GM
+$189M
3
LUV icon
Southwest Airlines
LUV
+$102M
4
MU icon
Micron Technology
MU
+$84M
5
PARA
Paramount Global Class B
PARA
+$68.5M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$308M
2
CFG icon
Citizens Financial Group
CFG
+$101M
3
TEVA icon
Teva Pharmaceuticals
TEVA
+$98.2M
4
QCOM icon
Qualcomm
QCOM
+$91.3M
5
SGI
Somnigroup International
SGI
+$79.2M

Sector Composition

Rank Sector Weight
1 Healthcare 20.5%
2 Energy 17.42%
3 Communication Services 12.85%
4 Financials 12.03%
5 Industrials 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GT icon
51
Goodyear
GT
$1.75B
$2.73M 0.04%
75,951
-161,000
-68% -$5.47M
SNAP icon
52
Snap
SNAP
$9.32B
$2.25M 0.04%
+100,000
New +$2.22M
KMI.WS
53
DELISTED
Kinder Morgan Inc
KMI.WS
$2K ﹤0.01%
793,836
– –
AAL icon
54
American Airlines Group
AAL
$10.1B
– –
-1,293,367
Closed -$60.4M
BMY icon
55
Bristol-Myers Squibb
BMY
$130B
– –
-375,000
Closed -$21.9M
CFG icon
56
Citizens Financial Group
CFG
$30.7B
– –
-2,829,750
Closed -$101M
CMA
57
DELISTED
Comerica
CMA
– –
-1,151,993
Closed -$78.5M
QCOM icon
58
Qualcomm
QCOM
$171B
– –
-1,400,000
Closed -$91.3M
SPY icon
59
State Street SPDR S&P 500 ETF Trust
SPY
$807B
– –
-22,854
Closed -$5.31M
SPY icon
60
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$807B
– –
-1,000,000
Closed -$224M
TECK icon
61
Teck Resources
TECK
$32.4B
– –
-985,007
Closed -$19.7M
SGI
62
Somnigroup International
SGI
$13.7B
– –
-4,640,796
Closed -$79.2M
JCP
63
DELISTED
J.C. Penney Company, Inc.
JCP
– –
-5,079,886
Closed -$42.2M
ARCH
64
DELISTED
Arch Resources, Inc.
ARCH
– –
-27,178
Closed -$2.12M
GM.WS.B
65
DELISTED
General Motors Company
GM.WS.B
– –
-190,011
Closed -$3.25M
1 2
3

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David Tepper's Q1 2017 Portfolio in Review

As of Q1 2017, David Tepper held 65 positions worth $6.09B, up 7.9% from $5.64B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

David Tepper's Q1 2017 filing shows 11 new, 16 increased, 20 reduced and 12 closed positions. Its largest new stake was Bank of America: 8,782,641 shares worth $207M. The largest sale was Allergan plc, an estimated $308M.

By sector, the portfolio is most concentrated in Healthcare at 20% of assets, down from 28% a quarter earlier, followed by Energy and Communication Services.

  • David Tepper's largest Q1 2017 buy was Bank of America: 8,782,641 shares worth $207M.
  • David Tepper added most to Southwest Airlines in Q1 2017, an estimated $102M increase.
  • David Tepper's biggest Q1 2017 reduction was Allergan plc, cutting an estimated $308M.
  • David Tepper fully exited Citizens Financial Group in Q1 2017, selling an estimated $101M.
  • David Tepper's ten largest holdings make up 56% of its $6.09B portfolio in Q1 2017.
  • David Tepper opened 11 new positions and closed 12 in Q1 2017.
  • David Tepper's portfolio value rose 7.9% quarter-over-quarter to $6.09B.

Based on Appaloosa LP's 13F filing for Q1 2017, filed 12 May 2017.