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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
+11.93%
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
$6.96B
AUM Growth
+$276M
Cap. Flow
-$199M
Cap. Flow %
-2.86%
Top 10 Hldgs %
56.92%
Holding
68
New
23
Increased
8
Reduced
29
Closed
6

Top Buys

Rank Stock Value
1
PARA
Paramount Global Class B
PARA
+$210M
2
EXE
Expand Energy Corp
EXE
+$164M
3
PSFE icon
Paysafe
PSFE
+$135M
4
DHI icon
D.R. Horton
DHI
+$91.2M
5
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$55.3M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$187M
2
PCG icon
PG&E
PCG
+$160M
3
TWTR
Twitter, Inc.
TWTR
+$128M
4
TMUS icon
T-Mobile US
TMUS
+$90.1M
5
PYPL icon
PayPal
PYPL
+$88.4M

Sector Composition

Rank Sector Weight
1 Communication Services 29.3%
2 Consumer Discretionary 18.47%
3 Technology 16.72%
4 Energy 11.69%
5 Utilities 4.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXEEW
51
DELISTED
Expand Energy Corp Class A Warrants
EXEEW
$12.9M 0.19%
+625,461
New +$14M
PRPC.U
52
DELISTED
CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
PRPC.U
$12.5M 0.18%
+1,250,000
New +$12.9M
RDS.A
53
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$11.5M 0.16%
+292,500
New +$11.8M
RDS.B
54
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$10.8M 0.15%
+292,500
New +$11.2M
LMACU
55
DELISTED
Liberty Media Acquisition Corporation Unit
LMACU
$10.7M 0.15%
+1,000,000
New +$12.2M
BIDU icon
56
Baidu
BIDU
$35.9B
$9.79M 0.14%
+45,000
New +$11.7M
PCGU
57
DELISTED
PG&E Corporation
PCGU
$8.56M 0.12%
75,000
– –
SVFAU
58
DELISTED
SVF Investment Corp. Unit
SVFAU
$7.92M 0.11%
+750,000
New +$9.45M
DGNS
59
DELISTED
Dragoneer Growth Opportunities Corp. II Class A Ordinary Shares
DGNS
$7.71M 0.11%
750,000
– –
HCICU
60
DELISTED
Hennessy Capital Investment Corp. V Units
HCICU
$7.59M 0.11%
+750,000
New +$8.29M
EXEEL
61
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
$6.49M 0.09%
+386,087
New +$6.85M
SHOP icon
62
Shopify
SHOP
$196B
$4.15M 0.06%
+37,500
New +$4.53M
KMI icon
63
Kinder Morgan
KMI
$70.1B
– –
-590,000
Closed -$8.06M
WFC icon
64
Wells Fargo
WFC
$264B
– –
-400,000
Closed -$12.1M
XYZ
65
Block Inc
XYZ
$47.5B
– –
-182,500
Closed -$39.7M
MMP
66
DELISTED
Magellan Midstream Partners, L.P.
MMP
– –
-280,690
Closed -$11.9M
TEN
67
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
– –
-780,019
Closed -$8.27M
ENBL
68
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
– –
-307,116
Closed -$1.61M
1 2
3

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David Tepper's Q1 2021 Portfolio in Review

As of Q1 2021, David Tepper held 68 positions worth $6.96B, up 4.1% from $6.69B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

David Tepper's Q1 2021 filing shows 23 new, 8 increased, 29 reduced and 6 closed positions. Its largest new stake was Paramount Global Class B: 3,445,000 shares worth $155M. The largest sale was Alibaba, an estimated $187M.

By sector, the portfolio is most concentrated in Communication Services at 29% of assets, down from 32% a quarter earlier, followed by Consumer Discretionary and Technology.

  • David Tepper's largest Q1 2021 buy was Paramount Global Class B: 3,445,000 shares worth $155M.
  • David Tepper added most to State Street Energy Select Sector SPDR ETF in Q1 2021, an estimated $55.3M increase.
  • David Tepper's biggest Q1 2021 reduction was Alibaba, cutting an estimated $187M.
  • David Tepper fully exited Block Inc in Q1 2021, selling an estimated $39.7M.
  • David Tepper's ten largest holdings make up 57% of its $6.96B portfolio in Q1 2021.
  • David Tepper opened 23 new positions and closed 6 in Q1 2021.
  • David Tepper's portfolio value rose 4.1% quarter-over-quarter to $6.96B.

Based on Appaloosa LP's 13F filing for Q1 2021, filed 17 May 2021.