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 |
Meta Platforms (Facebook)
META
|
+$184M |
| 2 |
SGI
Somnigroup International
SGI
|
+$84.7M |
| 3 |
Apple
AAPL
|
+$84.7M |
| 4 |
YHOO
Yahoo Inc
YHOO
|
+$73.8M |
| 5 |
Bank of America
BAC
|
+$61.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$120M |
| 2 |
NXP Semiconductors
NXPI
|
+$116M |
| 3 |
Southwest Airlines
LUV
|
+$110M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$88.6M |
| 5 |
Community Health Systems
CYH
|
+$75.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 21.26% |
| 2 | Communication Services | 12.66% |
| 3 | Financials | 12.24% |
| 4 | Consumer Discretionary | 9.13% |
| 5 | Healthcare | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $541M | 12.28% |
+2,500,000
| New | +$540M |
|
|
ETP
2
DELISTED
Energy Transfer Partners L.p.
ETP
| $430M | 9.76% |
11,615,657
+200,800
| +2% | +$7.89M |
|
|
3
Alphabet (Google) Class C
GOOG
$4.19T
| $367M | 8.33% |
9,440,000
-3,160,000
| -25% | -$120M |
|
|
WPZ
4
DELISTED
Williams Partners L.P.
WPZ
| $345M | 7.83% |
9,266,864
| – | – |
|
|
AGN
5
DELISTED
Allergan plc
AGN
| $281M | 6.37% |
1,218,309
-42,500
| -3% | -$10.4M |
|
6
Allstate
ALL
$66.3B
| $216M | 4.9% |
3,119,823
-216,746
| -6% | -$14.9M |
|
|
7
Meta Platforms (Facebook)
META
$1.53T
| $190M | 4.32% |
+1,484,608
| New | +$184M |
|
8
Whirlpool
WHR
$2.84B
| $188M | 4.27% |
1,158,794
-146,593
| -11% | -$26M |
|
9
Owens Corning
OC
$12.6B
| $158M | 3.58% |
2,952,007
-383,780
| -12% | -$20.6M |
|
|
TERP
10
DELISTED
TerraForm Power, Inc
TERP
| $121M | 2.75% |
8,708,708
| – | – |
|
11
Synchrony
SYF
$25.5B
| $117M | 2.65% |
4,164,671
-1,903,446
| -31% | -$52.3M |
|
12
Mohawk Industries
MHK
$9.26B
| $116M | 2.63% |
578,051
-182,517
| -24% | -$37.5M |
|
|
AY
13
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $114M | 2.59% |
6,006,471
-288,594
| -5% | -$5.62M |
|
14
Huntsman Corp
HUN
$1.83B
| $103M | 2.34% |
6,345,318
-381,913
| -6% | -$6.05M |
|
15
HCA Healthcare
HCA
$89.1B
| $93.5M | 2.12% |
1,236,940
+20,000
| +2% | +$1.53M |
|
|
16
Apple
AAPL
$4.45T
| $90.4M | 2.05% |
+3,200,000
| New | +$84.7M |
|
|
HDS
17
DELISTED
HD Supply Holdings, Inc.
HDS
| $90.2M | 2.05% |
2,821,662
+64,766
| +2% | +$2.24M |
|
18
Kinder Morgan
KMI
$70.1B
| $84.4M | 1.92% |
3,650,000
+2,150,000
| +143% | +$45.6M |
|
|
YHOO
19
DELISTED
Yahoo Inc
YHOO
| $77.6M | 1.76% |
+1,800,000
| New | +$73.8M |
|
|
SGI
20
Somnigroup International
SGI
$13.7B
| $67.4M | 1.53% |
+4,749,388
| New | +$84.7M |
|
21
Western Digital
WDC
$151B
| $67.2M | 1.53% |
1,521,450
-396,900
| -21% | -$15M |
|
|
22
Bank of America
BAC
$448B
| $64.7M | 1.47% |
+4,135,303
| New | +$61.6M |
|
23
Citizens Financial Group
CFG
$30.7B
| $63.8M | 1.45% |
+2,580,137
| New | +$59.3M |
|
24
Qualcomm
QCOM
$171B
| $61.6M | 1.4% |
+900,000
| New | +$54.7M |
|
25
Alerian MLP ETF
AMLP
$13.3B
| $60.5M | 1.37% |
952,887
| – | – |
|
Similar funds
David Tepper's Q3 2016 Portfolio in Review
As of Q3 2016, David Tepper held 50 positions worth $4.4B, up 16% from $3.8B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
David Tepper deployed $432M of net new capital in Q3 2016, opening 13 new positions and adding to 6 existing holdings. Its largest new stake was Meta Platforms (Facebook): 1,484,608 shares worth $190M.
By sector, the portfolio is most concentrated in Energy at 21% of assets, up from 21% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $120M trimmed.
- David Tepper's largest Q3 2016 buy was Meta Platforms (Facebook): 1,484,608 shares worth $190M.
- David Tepper added most to Kinder Morgan in Q3 2016, an estimated $45.6M increase.
- David Tepper's biggest Q3 2016 reduction was Alphabet (Google) Class C, cutting an estimated $120M.
- David Tepper fully exited Twenty-First Century Fox, Inc. Class A in Q3 2016, selling an estimated $88.6M.
- David Tepper's ten largest holdings make up 64% of its $4.4B portfolio in Q3 2016.
- David Tepper opened 13 new positions and closed 8 in Q3 2016.
- David Tepper's portfolio value rose 16% quarter-over-quarter to $4.4B.
Based on Appaloosa LP's 13F filing for Q3 2016, filed 14 Nov 2016.