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 |
Bank of America
BAC
|
+$208M |
| 2 |
General Motors
GM
|
+$189M |
| 3 |
Southwest Airlines
LUV
|
+$102M |
| 4 |
Micron Technology
MU
|
+$84M |
| 5 |
PARA
Paramount Global Class B
PARA
|
+$68.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$308M |
| 2 |
Citizens Financial Group
CFG
|
+$101M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$98.2M |
| 4 |
Qualcomm
QCOM
|
+$91.3M |
| 5 |
SGI
Somnigroup International
SGI
|
+$79.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.5% |
| 2 | Energy | 17.42% |
| 3 | Communication Services | 12.85% |
| 4 | Financials | 12.03% |
| 5 | Industrials | 8.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGN
1
DELISTED
Allergan plc
AGN
| $702M | 11.53% |
2,937,121
-1,324,285
| -31% | -$308M |
|
|
ETP
2
DELISTED
Energy Transfer Partners L.p.
ETP
| $437M | 7.18% |
11,961,842
| – | – |
|
|
WPZ
3
DELISTED
Williams Partners L.P.
WPZ
| $407M | 6.69% |
9,966,502
+479,201
| +5% | +$19.3M |
|
4
Alphabet (Google) Class C
GOOG
$4.19T
| $394M | 6.47% |
9,500,000
-160,000
| -2% | -$6.56M |
|
5
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $354M | 5.81% |
+1,500,000
| New | +$349M |
|
6
Meta Platforms (Facebook)
META
$1.53T
| $271M | 4.45% |
1,907,350
-275,000
| -13% | -$36.8M |
|
7
PNC Financial Services
PNC
$101B
| $235M | 3.85% |
1,950,973
| – | – |
|
|
8
Bank of America
BAC
$448B
| $207M | 3.4% |
+8,782,641
| New | +$208M |
|
|
9
Micron Technology
MU
$981B
| $193M | 3.18% |
6,690,000
+3,440,000
| +106% | +$84M |
|
|
10
General Motors
GM
$78.4B
| $183M | 3.01% |
+5,181,277
| New | +$189M |
|
|
11
Southwest Airlines
LUV
$22.3B
| $166M | 2.73% |
3,088,076
+1,897,674
| +159% | +$102M |
|
12
Owens Corning
OC
$12.6B
| $160M | 2.63% |
2,610,486
-106,058
| -4% | -$6.08M |
|
13
Allstate
ALL
$66.3B
| $151M | 2.48% |
1,856,203
-738,631
| -28% | -$58.1M |
|
14
Huntsman Corp
HUN
$1.83B
| $137M | 2.24% |
5,565,360
-149,693
| -3% | -$3.22M |
|
15
Mohawk Industries
MHK
$9.26B
| $129M | 2.12% |
563,596
-68,568
| -11% | -$15.1M |
|
16
Regions Financial
RF
$26.9B
| $128M | 2.1% |
8,811,564
+1,471,427
| +20% | +$21.7M |
|
17
Kinder Morgan
KMI
$70.1B
| $115M | 1.88% |
5,267,996
+1,205,000
| +30% | +$26.3M |
|
|
AY
18
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $109M | 1.79% |
5,189,866
-630,460
| -11% | -$13.3M |
|
|
TERP
19
DELISTED
TerraForm Power, Inc
TERP
| $108M | 1.77% |
8,708,708
| – | – |
|
20
Western Digital
WDC
$151B
| $107M | 1.76% |
1,719,900
+238,140
| +16% | +$13.7M |
|
21
Pfizer
PFE
$152B
| $103M | 1.7% |
3,184,134
-1,885,606
| -37% | -$59.5M |
|
|
YHOO
22
DELISTED
Yahoo Inc
YHOO
| $102M | 1.68% |
2,200,000
+850,000
| +63% | +$37.9M |
|
23
United Rentals
URI
$71.2B
| $87.9M | 1.44% |
703,117
+46,255
| +7% | +$5.63M |
|
24
Centene
CNC
$32.1B
| $83.7M | 1.38% |
2,349,194
+779,194
| +50% | +$26.1M |
|
25
Boston Scientific
BSX
$74.2B
| $83.1M | 1.36% |
3,340,000
+2,790,000
| +507% | +$67.8M |
|
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David Tepper's Q1 2017 Portfolio in Review
As of Q1 2017, David Tepper held 65 positions worth $6.09B, up 7.9% from $5.64B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
David Tepper's Q1 2017 filing shows 11 new, 16 increased, 20 reduced and 12 closed positions. Its largest new stake was Bank of America: 8,782,641 shares worth $207M. The largest sale was Allergan plc, an estimated $308M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, down from 28% a quarter earlier, followed by Energy and Communication Services.
- David Tepper's largest Q1 2017 buy was Bank of America: 8,782,641 shares worth $207M.
- David Tepper added most to Southwest Airlines in Q1 2017, an estimated $102M increase.
- David Tepper's biggest Q1 2017 reduction was Allergan plc, cutting an estimated $308M.
- David Tepper fully exited Citizens Financial Group in Q1 2017, selling an estimated $101M.
- David Tepper's ten largest holdings make up 56% of its $6.09B portfolio in Q1 2017.
- David Tepper opened 11 new positions and closed 12 in Q1 2017.
- David Tepper's portfolio value rose 7.9% quarter-over-quarter to $6.09B.
Based on Appaloosa LP's 13F filing for Q1 2017, filed 12 May 2017.