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 |
AGN
Allergan plc
AGN
|
+$226M |
| 2 |
Western Digital
WDC
|
+$63.2M |
| 3 |
Mohawk Industries
MHK
|
+$40.2M |
| 4 |
Synchrony
SYF
|
+$30.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$21.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Delta Air Lines
DAL
|
+$418M |
| 2 |
Meta Platforms (Facebook)
META
|
+$186M |
| 3 |
ETP
Energy Transfer Partners L.p.
ETP
|
+$170M |
| 4 |
HCA Healthcare
HCA
|
+$154M |
| 5 |
WPZ
Williams Partners L.P.
WPZ
|
+$118M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 20.61% |
| 2 | Communication Services | 14.57% |
| 3 | Industrials | 12.36% |
| 4 | Healthcare | 12.33% |
| 5 | Financials | 11.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$4.19T
| $436M | 11.46% |
12,600,000
+589,000
| +5% | +$21.2M |
|
|
ETP
2
DELISTED
Energy Transfer Partners L.p.
ETP
| $435M | 11.43% |
11,414,857
-4,751,057
| -29% | -$170M |
|
|
WPZ
3
DELISTED
Williams Partners L.P.
WPZ
| $321M | 8.44% |
9,266,864
-3,970,519
| -30% | -$118M |
|
|
AGN
4
DELISTED
Allergan plc
AGN
| $291M | 7.66% |
1,260,809
+981,700
| +352% | +$226M |
|
5
Allstate
ALL
$66.3B
| $233M | 6.14% |
3,336,569
+143,054
| +4% | +$9.58M |
|
6
Whirlpool
WHR
$2.84B
| $218M | 5.72% |
1,305,387
-105,409
| -7% | -$18.6M |
|
7
Owens Corning
OC
$12.6B
| $172M | 4.52% |
3,335,787
-9,819
| -0.3% | -$489K |
|
|
8
Synchrony
SYF
$25.5B
| $153M | 4.03% |
6,068,117
+1,047,664
| +21% | +$30.5M |
|
|
9
Mohawk Industries
MHK
$9.26B
| $144M | 3.79% |
760,568
+206,673
| +37% | +$40.2M |
|
10
Southwest Airlines
LUV
$22.3B
| $136M | 3.59% |
3,478,953
-882,008
| -20% | -$37.7M |
|
|
AY
11
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $117M | 3.08% |
6,295,065
-70,091
| -1% | -$1.23M |
|
12
NXP Semiconductors
NXPI
$59.6B
| $110M | 2.88% |
1,400,000
-46,159
| -3% | -$3.96M |
|
|
HDS
13
DELISTED
HD Supply Holdings, Inc.
HDS
| $96M | 2.52% |
2,756,896
-560,275
| -17% | -$19.1M |
|
|
TERP
14
DELISTED
TerraForm Power, Inc
TERP
| $94.9M | 2.5% |
8,708,708
| – | – |
|
|
15
HCA Healthcare
HCA
$89.1B
| $93.7M | 2.46% |
1,216,940
-1,956,483
| -62% | -$154M |
|
16
Huntsman Corp
HUN
$1.83B
| $90.5M | 2.38% |
6,727,231
-1,310,719
| -16% | -$19.2M |
|
|
TFCFA
17
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $88.6M | 2.33% |
3,275,900
+310,546
| +10% | +$9.05M |
|
18
Community Health Systems
CYH
$400M
| $75.6M | 1.99% |
6,270,130
-2,381,370
| -28% | -$34.9M |
|
|
19
Western Digital
WDC
$151B
| $68.5M | 1.8% |
+1,918,350
| New | +$63.2M |
|
20
Hain Celestial
HAIN
$48.8M
| $63.8M | 1.68% |
1,281,528
-137,749
| -10% | -$6.38M |
|
21
Alerian MLP ETF
AMLP
$13.3B
| $60.6M | 1.59% |
952,887
-1,822,645
| -66% | -$110M |
|
22
General Motors
GM
$78.4B
| $39.4M | 1.04% |
1,391,036
-993,898
| -42% | -$30.2M |
|
|
COOP
23
DELISTED
Mr. Cooper
COOP
| $36.4M | 0.96% |
1,365,691
-42,848
| -3% | -$1.18M |
|
|
TGI
24
DELISTED
Triumph Group
TGI
| $35.6M | 0.94% |
1,004,155
-196,497
| -16% | -$7.11M |
|
25
Trane Technologies
TT
$106B
| $30.2M | 0.79% |
474,102
-257,727
| -35% | -$16.6M |
|
Similar funds
David Tepper's Q2 2016 Portfolio in Review
As of Q2 2016, David Tepper held 52 positions worth $3.8B, down 33% from $5.66B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
David Tepper withdrew a net $2.06B in Q2 2016, closing 15 positions and reducing 22 holdings. Its most notable exit was Delta Air Lines, an estimated $418M position sold in full.
By sector, the portfolio is most concentrated in Energy at 21% of assets, up from 18% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, David Tepper opened a new position in Western Digital worth $68.5M.
- David Tepper's largest Q2 2016 buy was Western Digital: 1,918,350 shares worth $68.5M.
- David Tepper added most to Allergan plc in Q2 2016, an estimated $226M increase.
- David Tepper's biggest Q2 2016 reduction was Energy Transfer Partners L.p., cutting an estimated $170M.
- David Tepper fully exited Delta Air Lines in Q2 2016, selling an estimated $418M.
- David Tepper's ten largest holdings make up 67% of its $3.8B portfolio in Q2 2016.
- David Tepper opened 3 new positions and closed 15 in Q2 2016.
- David Tepper's portfolio value fell 33% quarter-over-quarter to $3.8B.
Based on Appaloosa LP's 13F filing for Q2 2016, filed 12 Aug 2016.