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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
+10.46%
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
$6.09B
AUM Growth
+$447M
(+7.9%)
Cap. Flow
-$157M
Cap. Flow % of AUM
Cap. Flow %
-2.58%
Top 10 Holdings %
Top 10 Hldgs %
55.57%
Holding
65
New
11
Increased
16
Reduced
20
Closed
12
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.5
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.5
years
Top 20 Avg Time Held Equity only
0.5
years
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 |
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 Pharmaceutical Industries Limited
TEVA
|
+$98.2M |
| 4 |
Qualcomm
QCOM
|
+$91.3M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
AGN
1
DELISTED
Allergan plc
AGN
| $702M | 11.53% |
2,937,121
-1,324,285
| -31% | -$308M |
2016 Q1
4 quarters
|
|
|
ETP
2
DELISTED
Energy Transfer Partners L.p.
ETP
| $437M | 7.18% |
11,961,842
| – | – |
2016 Q1
4 quarters
|
|
|
WPZ
3
DELISTED
Williams Partners L.P.
WPZ
| $407M | 6.69% |
9,966,502
+479,201
| +5% | +$19.3M |
2016 Q1
4 quarters
|
|
4
Alphabet (Google) Class C
GOOG
$4.17T
| $394M | 6.47% |
9,500,000
-160,000
| -2% | -$6.56M |
2016 Q1
4 quarters
|
|
5
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $354M | 5.81% |
+1,500,000
| New | +$349M |
2017 Q1
0 quarters
|
|
6
Meta Platforms (Facebook)
META
$1.8T
| $271M | 4.45% |
1,907,350
-275,000
| -13% | -$36.8M |
2016 Q3
2 quarters
|
|
7
PNC Financial Services
PNC
$86.6B
| $235M | 3.85% |
1,950,973
| – | – |
2016 Q3
2 quarters
|
|
|
8
Bank of America
BAC
$352B
| $207M | 3.4% |
+8,782,641
| New | +$208M |
2017 Q1
0 quarters
|
|
|
9
Micron Technology
MU
$1.03T
| $193M | 3.18% |
6,690,000
+3,440,000
| +106% | +$84M |
2016 Q4
1 quarter
|
|
|
10
General Motors
GM
$72.6B
| $183M | 3.01% |
+5,181,277
| New | +$189M |
2017 Q1
0 quarters
|
|
|
11
Southwest Airlines
LUV
$19.1B
| $166M | 2.73% |
3,088,076
+1,897,674
| +159% | +$102M |
2016 Q1
4 quarters
|
|
12
Owens Corning
OC
$8.7B
| $160M | 2.63% |
2,610,486
-106,058
| -4% | -$6.08M |
2016 Q1
4 quarters
|
|
13
Allstate
ALL
$62.4B
| $151M | 2.48% |
1,856,203
-738,631
| -28% | -$58.1M |
2016 Q1
4 quarters
|
|
14
Huntsman Corp
HUN
$1.46B
| $137M | 2.24% |
5,565,360
-149,693
| -3% | -$3.22M |
2016 Q1
4 quarters
|
|
15
Mohawk Industries
MHK
$7.81B
| $129M | 2.12% |
563,596
-68,568
| -11% | -$15.1M |
2016 Q1
4 quarters
|
|
16
Regions Financial
RF
$23.2B
| $128M | 2.1% |
8,811,564
+1,471,427
| +20% | +$21.7M |
2016 Q4
1 quarter
|
|
17
Kinder Morgan
KMI
$74.5B
| $115M | 1.88% |
5,267,996
+1,205,000
| +30% | +$26.3M |
2016 Q1
4 quarters
|
|
18
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $109M | 1.79% |
5,189,866
-630,460
| -11% | -$13.3M |
2016 Q1
4 quarters
|
|
|
TERP
19
DELISTED
TerraForm Power, Inc
TERP
| $108M | 1.77% |
8,708,708
| – | – |
2016 Q1
4 quarters
|
|
20
Western Digital
WDC
$130B
| $107M | 1.76% |
1,719,900
+238,140
| +16% | +$13.7M |
2016 Q2
3 quarters
|
|
21
Pfizer
PFE
$168B
| $103M | 1.7% |
3,184,134
-1,885,606
| -37% | -$59.5M |
2016 Q4
1 quarter
|
|
|
YHOO
22
DELISTED
Yahoo Inc
YHOO
| $102M | 1.68% |
2,200,000
+850,000
| +63% | +$37.9M |
2016 Q3
2 quarters
|
|
23
United Rentals
URI
$63.5B
| $87.9M | 1.44% |
703,117
+46,255
| +7% | +$5.63M |
2016 Q4
1 quarter
|
|
24
Centene
CNC
$33.8B
| $83.7M | 1.38% |
2,349,194
+779,194
| +50% | +$26.1M |
2016 Q4
1 quarter
|
|
25
Boston Scientific
BSX
$65B
| $83.1M | 1.36% |
3,340,000
+2,790,000
| +507% | +$67.8M |
2016 Q4
1 quarter
|
|
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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.