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 |
Micron Technology
MU
|
+$277M |
| 2 |
KeyCorp
KEY
|
+$107M |
| 3 |
Gen Digital
GEN
|
+$91.3M |
| 4 |
Citizens Financial Group
CFG
|
+$52.4M |
| 5 |
Western Digital
WDC
|
+$50.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$269M |
| 2 |
Meta Platforms (Facebook)
META
|
+$205M |
| 3 |
NRG Energy
NRG
|
+$135M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$124M |
| 5 |
AABA
Altaba Inc
AABA
|
+$120M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.39% |
| 2 | Communication Services | 18.15% |
| 3 | Healthcare | 12.28% |
| 4 | Financials | 8.79% |
| 5 | Consumer Discretionary | 8.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Peabody Energy
BTU
$2.98B
| – | – |
-591,424
| Closed | -$21.6M |
|
52
HCA Healthcare
HCA
$89.1B
| – | – |
-282,884
| Closed | -$27.4M |
|
53
NVIDIA
NVDA
$5.27T
| – | – |
-6,000,000
| Closed | -$34.7M |
|
|
54
Invesco QQQ Trust
QQQ
$478B
| – | – |
-772,225
| Closed | -$124M |
|
55
VanEck Semiconductor ETF
SMH
$70.6B
| – | – |
-1,474,000
| Closed | -$76.9M |
|
56
United Rentals
URI
$71.2B
| – | – |
-12,913
| Closed | -$2.23M |
|
57
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
| – | – |
-1,000,000
| Closed | -$33.7M |
|
58
State Street Financial Select Sector SPDR ETF
XLF
$59B
| – | – |
-300,000
| Closed | -$8.27M |
|
59
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
| – | – |
-125,000
| Closed | -$17.6M |
|
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David Tepper's Q2 2018 Portfolio in Review
As of Q2 2018, David Tepper held 60 positions worth $8.78B, down 9.6% from $9.72B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
David Tepper withdrew a net $1.23B in Q2 2018, closing 11 positions and reducing 29 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $124M position sold in full.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 30% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, David Tepper opened a new position in KeyCorp worth $105M.
- David Tepper's largest Q2 2018 buy was KeyCorp: 5,351,561 shares worth $105M.
- David Tepper added most to Micron Technology in Q2 2018, an estimated $277M increase.
- David Tepper's biggest Q2 2018 reduction was Alibaba, cutting an estimated $269M.
- David Tepper fully exited Invesco QQQ Trust in Q2 2018, selling an estimated $124M.
- David Tepper's ten largest holdings make up 67% of its $8.78B portfolio in Q2 2018.
- David Tepper opened 7 new positions and closed 11 in Q2 2018.
- David Tepper's portfolio value fell 9.6% quarter-over-quarter to $8.78B.
Based on Appaloosa LP's 13F filing for Q2 2018, filed 14 Aug 2018.