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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
+4.71%
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
$9.72B
AUM Growth
-$1.02B
Cap. Flow
-$1.38B
Cap. Flow %
-14.25%
Top 10 Hldgs %
64.64%
Holding
64
New
14
Increased
19
Reduced
18
Closed
11

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$378M
2
LRCX icon
Lam Research
LRCX
+$257M
3
WFC icon
Wells Fargo
WFC
+$175M
4
UBS icon
UBS Group
UBS
+$132M
5
META icon
Meta Platforms (Facebook)
META
+$122M

Top Sells

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$831M
2
AAPL icon
Apple
AAPL
+$776M
3
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$429M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$279M
5
BAC icon
Bank of America
BAC
+$194M

Sector Composition

Rank Sector Weight
1 Technology 29.56%
2 Communication Services 17.13%
3 Healthcare 12.58%
4 Consumer Discretionary 11.03%
5 Financials 9.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COOP
51
DELISTED
Mr. Cooper
COOP
$4.65M 0.05%
272,853
-360,480
-57% -$4.94M
URI icon
52
United Rentals
URI
$71.2B
$2.23M 0.02%
12,913
-748,565
-98% -$133M
AAPL icon
53
Apple
AAPL
$4.45T
– –
-18,351,408
Closed -$776M
CMCSA icon
54
Comcast
CMCSA
$91B
– –
-1,986,078
Closed -$79.5M
CSX icon
55
CSX Corp
CSX
$92.5B
– –
-526,437
Closed -$9.65M
EEM icon
56
iShares MSCI Emerging Markets ETF
EEM
$29.9B
– –
-9,100,000
Closed -$429M
LUV icon
57
Southwest Airlines
LUV
$22.3B
– –
-74,265
Closed -$4.86M
MHK icon
58
Mohawk Industries
MHK
$9.26B
– –
-69,305
Closed -$19.1M
VST icon
59
Vistra
VST
$48.6B
– –
-961,285
Closed -$17.6M
XLE icon
60
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
– –
-4,014,400
Closed -$145M
XLF icon
61
CALL
State Street Financial Select Sector SPDR ETF
XLF
$59B
– –
-1,254,500
Closed -$35M
XOP icon
62
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
– –
-501,800
Closed -$74.6M
BTU.PR
63
DELISTED
Peabody Energy Corporation Series A Convertible Preferred Stock
BTU.PR
– –
-314,121
Closed -$23.3M
1 2
3

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David Tepper's Q1 2018 Portfolio in Review

As of Q1 2018, David Tepper held 64 positions worth $9.72B, down 9.5% from $10.7B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

David Tepper withdrew a net $1.38B in Q1 2018, closing 11 positions and reducing 18 holdings. Its most notable exit was Apple, an estimated $776M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 24% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, David Tepper opened a new position in Lam Research worth $263M.

  • David Tepper's largest Q1 2018 buy was Lam Research: 12,955,860 shares worth $263M.
  • David Tepper added most to Micron Technology in Q1 2018, an estimated $378M increase.
  • David Tepper's biggest Q1 2018 reduction was Invesco QQQ Trust, cutting an estimated $831M.
  • David Tepper fully exited Apple in Q1 2018, selling an estimated $776M.
  • David Tepper's ten largest holdings make up 65% of its $9.72B portfolio in Q1 2018.
  • David Tepper opened 14 new positions and closed 11 in Q1 2018.
  • David Tepper's portfolio value fell 9.5% quarter-over-quarter to $9.72B.

Based on Appaloosa LP's 13F filing for Q1 2018, filed 15 May 2018.