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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
-2.9%
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
$5.69B
AUM Growth
-$3.09B
Cap. Flow
-$2.93B
Cap. Flow %
-51.48%
Top 10 Hldgs %
69.8%
Holding
52
New
3
Increased
6
Reduced
27
Closed
15

Top Buys

Rank Stock Value
1
STT icon
State Street
STT
+$104M
2
PCG icon
PG&E
PCG
+$97.8M
3
COOP
Mr. Cooper
COOP
+$88.6M
4
WMB icon
Williams Companies
WMB
+$30.3M
5
AAPL icon
Apple
AAPL
+$20.8M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$321M
2
AGN
Allergan plc
AGN
+$257M
3
MU icon
Micron Technology
MU
+$228M
4
AABA
Altaba Inc
AABA
+$214M
5
BABA icon
Alibaba
BABA
+$202M

Sector Composition

Rank Sector Weight
1 Technology 36.19%
2 Communication Services 17.05%
3 Healthcare 11.47%
4 Consumer Discretionary 7.77%
5 Utilities 7.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WPZ
51
DELISTED
Williams Partners L.P.
WPZ
– –
-2,119,775
Closed -$86M
1 2
3

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David Tepper's Q3 2018 Portfolio in Review

As of Q3 2018, David Tepper held 52 positions worth $5.69B, down 35% from $8.78B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

David Tepper withdrew a net $2.93B in Q3 2018, closing 15 positions and reducing 27 holdings. Its most notable exit was Wells Fargo, an estimated $181M position sold in full.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 34% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, David Tepper opened a new position in State Street worth $99.3M.

  • David Tepper's largest Q3 2018 buy was State Street: 1,185,823 shares worth $99.3M.
  • David Tepper added most to PG&E in Q3 2018, an estimated $97.8M increase.
  • David Tepper's biggest Q3 2018 reduction was Meta Platforms (Facebook), cutting an estimated $321M.
  • David Tepper fully exited Wells Fargo in Q3 2018, selling an estimated $181M.
  • David Tepper's ten largest holdings make up 70% of its $5.69B portfolio in Q3 2018.
  • David Tepper opened 3 new positions and closed 15 in Q3 2018.
  • David Tepper's portfolio value fell 35% quarter-over-quarter to $5.69B.

Based on Appaloosa LP's 13F filing for Q3 2018, filed 14 Nov 2018.