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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
+7.07%
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
$4.4B
AUM Growth
+$601M
(+16%)
Cap. Flow
-$109M
Cap. Flow % of AUM
Cap. Flow %
-2.47%
Top 10 Holdings %
Top 10 Hldgs %
64.39%
Holding
50
New
13
Increased
6
Reduced
16
Closed
8
Avg Time Held
Equity + Options
0.3
years
Top 10 Avg Time Held
Equity + Options
0.3
years
Top 20 Avg Time Held
Equity + Options
0.3
years
Avg Time Held Equity only
0.3
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$184M |
| 2 |
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 | Miscellaneous | 14.19% |
| 3 | Communication Services | 12.66% |
| 4 | Financials | 12.24% |
| 5 | Consumer Discretionary | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$806B
| $541M | 12.28% |
+2,500,000
| New | +$540M |
2016 Q3
0 quarters
|
|
|
ETP
2
DELISTED
Energy Transfer Partners L.p.
ETP
| $430M | 9.76% |
11,615,657
+200,800
| +2% | +$7.89M |
2016 Q1
2 quarters
|
|
|
3
Alphabet (Google) Class C
GOOG
$4.12T
| $367M | 8.33% |
9,440,000
-3,160,000
| -25% | -$120M |
2016 Q1
2 quarters
|
|
|
WPZ
4
DELISTED
Williams Partners L.P.
WPZ
| $345M | 7.83% |
9,266,864
| – | – |
2016 Q1
2 quarters
|
|
|
AGN
5
DELISTED
Allergan plc
AGN
| $281M | 6.37% |
1,218,309
-42,500
| -3% | -$10.4M |
2016 Q1
2 quarters
|
|
6
Allstate
ALL
$62.7B
| $216M | 4.9% |
3,119,823
-216,746
| -6% | -$14.9M |
2016 Q1
2 quarters
|
|
|
7
Meta Platforms (Facebook)
META
$1.81T
| $190M | 4.32% |
+1,484,608
| New | +$184M |
2016 Q3
0 quarters
|
|
8
Whirlpool
WHR
$1.82B
| $188M | 4.27% |
1,158,794
-146,593
| -11% | -$26M |
2016 Q1
2 quarters
|
|
9
Owens Corning
OC
$8.92B
| $158M | 3.58% |
2,952,007
-383,780
| -12% | -$20.6M |
2016 Q1
2 quarters
|
|
|
TERP
10
DELISTED
TerraForm Power, Inc
TERP
| $121M | 2.75% |
8,708,708
| – | – |
2016 Q1
2 quarters
|
|
11
Synchrony
SYF
$24B
| $117M | 2.65% |
4,164,671
-1,903,446
| -31% | -$52.3M |
2016 Q1
2 quarters
|
|
12
Mohawk Industries
MHK
$8.15B
| $116M | 2.63% |
578,051
-182,517
| -24% | -$37.5M |
2016 Q1
2 quarters
|
|
13
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $114M | 2.59% |
6,006,471
-288,594
| -5% | -$5.62M |
2016 Q1
2 quarters
|
|
14
Huntsman Corp
HUN
$1.5B
| $103M | 2.34% |
6,345,318
-381,913
| -6% | -$6.05M |
2016 Q1
2 quarters
|
|
15
HCA Healthcare
HCA
$99.3B
| $93.6M | 2.12% |
1,236,940
+20,000
| +2% | +$1.53M |
2016 Q1
2 quarters
|
|
|
16
Apple
AAPL
$5.01T
| $90.4M | 2.05% |
+3,200,000
| New | +$84.7M |
2016 Q3
0 quarters
|
|
|
HDS
17
DELISTED
HD Supply Holdings, Inc.
HDS
| $90.2M | 2.05% |
2,821,662
+64,766
| +2% | +$2.24M |
2016 Q1
2 quarters
|
|
18
Kinder Morgan
KMI
$76.2B
| $84.4M | 1.92% |
3,650,000
+2,150,000
| +143% | +$45.6M |
2016 Q1
2 quarters
|
|
|
YHOO
19
DELISTED
Yahoo Inc
YHOO
| $77.6M | 1.76% |
+1,800,000
| New | +$73.8M |
2016 Q3
0 quarters
|
|
|
20
Somnigroup International
SGI
$14.6B
| $67.4M | 1.53% |
+4,749,388
| New | +$84.7M |
2016 Q3
0 quarters
|
|
21
Western Digital
WDC
$124B
| $67.2M | 1.53% |
1,521,450
-396,900
| -21% | -$15M |
2016 Q2
1 quarter
|
|
|
22
Bank of America
BAC
$358B
| $64.7M | 1.47% |
+4,135,303
| New | +$61.6M |
2016 Q3
0 quarters
|
|
23
Citizens Financial Group
CFG
$26.7B
| $63.8M | 1.45% |
+2,580,137
| New | +$59.3M |
2016 Q3
0 quarters
|
|
24
Qualcomm
QCOM
$184B
| $61.6M | 1.4% |
+900,000
| New | +$54.7M |
2016 Q3
0 quarters
|
|
25
Alerian MLP ETF
AMLP
$12.7B
| $60.5M | 1.37% |
952,887
| – | – |
2016 Q1
2 quarters
|
|
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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's Q3 2016 filing shows 13 new, 6 increased, 16 reduced and 8 closed positions. Its largest new stake was Meta Platforms (Facebook): 1,484,608 shares worth $190M. The largest sale was Alphabet (Google) Class C, an estimated $120M.
By sector, the portfolio is most concentrated in Energy at 21% of assets, up from 21% a quarter earlier, followed by Miscellaneous and Communication Services.
- 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.