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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
+5.04%
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
$6.74B
AUM Growth
+$655M
Cap. Flow
+$442M
Cap. Flow %
6.56%
Top 10 Hldgs %
56.82%
Holding
77
New
24
Increased
11
Reduced
20
Closed
19

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$456M
2
ETP
Energy Transfer Partners, L.P.
ETP
+$331M
3
AABA
Altaba Inc
AABA
+$279M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$250M
5
MU icon
Micron Technology
MU
+$182M

Top Sells

Rank Stock Value
1
ETP
Energy Transfer Partners L.p.
ETP
+$437M
2
LUV icon
Southwest Airlines
LUV
+$144M
3
RF icon
Regions Financial
RF
+$128M
4
GM icon
General Motors
GM
+$111M
5
PFE icon
Pfizer
PFE
+$103M

Sector Composition

Rank Sector Weight
1 Technology 15.02%
2 Healthcare 14.51%
3 Communication Services 14.14%
4 Consumer Discretionary 12.59%
5 Financials 9.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KMI.WS
76
DELISTED
Kinder Morgan Inc
KMI.WS
– –
-793,836
Closed -$2K
ETP
77
DELISTED
Energy Transfer Partners L.p.
ETP
– –
-11,961,842
Closed -$437M
1 2 3
4

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David Tepper's Q2 2017 Portfolio in Review

As of Q2 2017, David Tepper held 77 positions worth $6.74B, up 11% from $6.09B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

David Tepper deployed $442M of net new capital in Q2 2017, opening 24 new positions and adding to 11 existing holdings. Its largest new stake was Alibaba: 3,693,918 shares worth $520M.

By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 6.4% a quarter earlier, followed by Healthcare and Communication Services.

On the sell side, the largest reduction was Southwest Airlines, an estimated $144M trimmed.

  • David Tepper's largest Q2 2017 buy was Alibaba: 3,693,918 shares worth $520M.
  • David Tepper added most to Micron Technology in Q2 2017, an estimated $182M increase.
  • David Tepper's biggest Q2 2017 reduction was Southwest Airlines, cutting an estimated $144M.
  • David Tepper fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $437M.
  • David Tepper's ten largest holdings make up 57% of its $6.74B portfolio in Q2 2017.
  • David Tepper opened 24 new positions and closed 19 in Q2 2017.
  • David Tepper's portfolio value rose 11% quarter-over-quarter to $6.74B.

Based on Appaloosa LP's 13F filing for Q2 2017, filed 14 Aug 2017.