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David Tepper Appaloosa LP
AUM
$7.73B
Turnover
51.28%
1-Year Est. Return
104.51%
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
+6.21%
1 Year Est. Return
+104.51%
3 Year Est. Return
+293.4%
5 Year Est. Return
+473.86%
10 Year Est. Return
+1,594.48%
AUM
$3.8B
AUM Growth
-$1.85B
(-33%)
Cap. Flow
-$1.39B
Cap. Flow % of AUM
Cap. Flow %
-36.65%
Top 10 Holdings %
Top 10 Hldgs %
66.78%
Holding
52
New
3
Increased
8
Reduced
22
Closed
15
Avg Time Held
Equity + Options
0.2
years
Top 10 Avg Time Held
Equity + Options
0.2
years
Top 20 Avg Time Held
Equity + Options
0.2
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.2
years
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$4.12T
| $436M | 11.46% |
12,600,000
+589,000
| +5% | +$21.2M |
2016 Q1
1 quarter
|
|
|
ETP
2
DELISTED
Energy Transfer Partners L.p.
ETP
| $435M | 11.43% |
11,414,857
-4,751,057
| -29% | -$170M |
2016 Q1
1 quarter
|
|
|
WPZ
3
DELISTED
Williams Partners L.P.
WPZ
| $321M | 8.44% |
9,266,864
-3,970,519
| -30% | -$118M |
2016 Q1
1 quarter
|
|
|
AGN
4
DELISTED
Allergan plc
AGN
| $291M | 7.66% |
1,260,809
+981,700
| +352% | +$226M |
2016 Q1
1 quarter
|
|
5
Allstate
ALL
$62.7B
| $233M | 6.14% |
3,336,569
+143,054
| +4% | +$9.6M |
2016 Q1
1 quarter
|
|
6
Whirlpool
WHR
$1.82B
| $218M | 5.72% |
1,305,387
-105,409
| -7% | -$18.6M |
2016 Q1
1 quarter
|
|
7
Owens Corning
OC
$8.92B
| $172M | 4.52% |
3,335,787
-9,819
| -0.3% | -$489K |
2016 Q1
1 quarter
|
|
|
8
Synchrony
SYF
$24B
| $153M | 4.03% |
6,068,117
+1,047,664
| +21% | +$30.5M |
2016 Q1
1 quarter
|
|
|
9
Mohawk Industries
MHK
$8.15B
| $144M | 3.79% |
760,568
+206,673
| +37% | +$40.2M |
2016 Q1
1 quarter
|
|
10
Southwest Airlines
LUV
$19.3B
| $136M | 3.59% |
3,478,953
-882,008
| -20% | -$37.7M |
2016 Q1
1 quarter
|
|
11
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $117M | 3.08% |
6,295,065
-70,091
| -1% | -$1.23M |
2016 Q1
1 quarter
|
|
12
NXP Semiconductors
NXPI
$57.8B
| $110M | 2.88% |
1,400,000
-46,159
| -3% | -$3.96M |
2016 Q1
1 quarter
|
|
|
HDS
13
DELISTED
HD Supply Holdings, Inc.
HDS
| $96M | 2.52% |
2,756,896
-560,275
| -17% | -$19.1M |
2016 Q1
1 quarter
|
|
|
TERP
14
DELISTED
TerraForm Power, Inc
TERP
| $94.9M | 2.5% |
8,708,708
| – | – |
2016 Q1
1 quarter
|
|
|
15
HCA Healthcare
HCA
$99.3B
| $93.7M | 2.46% |
1,216,940
-1,956,483
| -62% | -$154M |
2016 Q1
1 quarter
|
|
16
Huntsman Corp
HUN
$1.5B
| $90.5M | 2.38% |
6,727,231
-1,310,719
| -16% | -$19.2M |
2016 Q1
1 quarter
|
|
|
TFCFA
17
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $88.6M | 2.33% |
3,275,900
+310,546
| +10% | +$9.05M |
2016 Q1
1 quarter
|
|
18
Community Health Systems
CYH
$406M
| $75.6M | 1.99% |
6,270,130
-2,381,370
| -28% | -$34.9M |
2016 Q1
1 quarter
|
|
|
19
Western Digital
WDC
$124B
| $68.5M | 1.8% |
+1,918,350
| New | +$63.2M |
2016 Q2
0 quarters
|
|
20
Hain Celestial
HAIN
$21.5M
| $63.8M | 1.68% |
1,281,528
-137,749
| -10% | -$6.38M |
2016 Q1
1 quarter
|
|
21
Alerian MLP ETF
AMLP
$12.7B
| $60.6M | 1.59% |
952,887
-1,822,645
| -66% | -$110M |
2016 Q1
1 quarter
|
|
22
General Motors
GM
$73.7B
| $39.4M | 1.04% |
1,391,036
-993,898
| -42% | -$30.2M |
2016 Q1
1 quarter
|
|
23
DELISTED
Mr. Cooper
COOP
| $36.4M | 0.96% |
1,365,691
-42,848
| -3% | -$1.18M |
2016 Q1
1 quarter
|
|
24
DELISTED
Triumph Group
TGI
| $35.6M | 0.94% |
1,004,155
-196,497
| -16% | -$7.11M |
2016 Q1
1 quarter
|
|
25
Trane Technologies
TT
$101B
| $30.2M | 0.79% |
474,102
-257,727
| -35% | -$16.6M |
2016 Q1
1 quarter
|
|
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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 $1.39B 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.