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David Tepper

David Tepper Appaloosa LP

AUM $5.93B
1-Year Est. Return 44.55%
 

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
+10.6%
1 Year Est. Return
+44.55%
3 Year Est. Return
+188.72%
5 Year Est. Return
+296.74%
10 Year Est. Return
+1,042.31%
AUM
$7.12B
AUM Growth
+$377M
Cap. Flow
-$108M
Cap. Flow %
-1.52%
Top 10 Hldgs %
56.73%
Holding
62
New
4
Increased
15
Reduced
28
Closed
14

Top Buys

Rank Stock Value
1
NRG icon
NRG Energy
NRG
+$170M
2
META icon
Meta Platforms (Facebook)
META
+$157M
3
MU icon
Micron Technology
MU
+$131M
4
ALLY icon
Ally Financial
ALLY
+$128M
5
AAPL icon
Apple
AAPL
+$114M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$145M
2
PNC icon
PNC Financial Services
PNC
+$110M
3
IBB icon
iShares Biotechnology ETF
IBB
+$72.9M
4
WPZ
Williams Partners L.P.
WPZ
+$69M
5
GM icon
General Motors
GM
+$60.3M

Sector Composition

Rank Sector Weight
1 Technology 20.03%
2 Communication Services 16.31%
3 Healthcare 13.13%
4 Consumer Discretionary 10.84%
5 Financials 8.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MU icon
1
Micron Technology
MU
$981B
$671M 9.42%
17,053,999
+4,153,999
+32% +$131M
BABA icon
2
Alibaba
BABA
$306B
$615M 8.64%
3,562,500
-131,418
-4% -$21.3M
META icon
3
Meta Platforms (Facebook)
META
$1.53T
$564M 7.92%
3,300,000
+943,782
+40% +$157M
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.19T
$545M 7.65%
11,360,000
-340,000
-3% -$15.8M
AGN
5
DELISTED
Allergan plc
AGN
$387M 5.44%
1,888,188
-621,431
-25% -$145M
AABA
6
DELISTED
Altaba Inc
AABA
$310M 4.36%
4,682,500
-446,551
-9% -$27.4M
WPZ
7
DELISTED
Williams Partners L.P.
WPZ
$289M 4.06%
7,436,701
-1,745,748
-19% -$69M
WDC icon
8
Western Digital
WDC
$151B
$222M 3.13%
3,406,908
+6,798
+0.2% +$451K
ETP
9
DELISTED
Energy Transfer Partners, L.P.
ETP
$219M 3.07%
11,950,000
-2,891,247
-19% -$56.1M
NRG icon
10
NRG Energy
NRG
$25.2B
$216M 3.03%
8,441,193
+7,191,193
+575% +$170M
AAPL icon
11
Apple
AAPL
$4.45T
$210M 2.95%
5,444,000
+2,944,000
+118% +$114M
XLF icon
12
CALL
State Street Financial Select Sector SPDR ETF
XLF
$59B
$210M 2.94%
+8,104,100
New +$202M
QQQ icon
13
Invesco QQQ Trust
QQQ
$478B
$208M 2.92%
1,430,000
-385,500
-21% -$55.2M
ALLY icon
14
Ally Financial
ALLY
$13.4B
$165M 2.32%
6,810,600
+5,712,776
+520% +$128M
OC icon
15
Owens Corning
OC
$12.6B
$165M 2.31%
2,130,353
-368,619
-15% -$25.8M
BAC icon
16
Bank of America
BAC
$448B
$160M 2.25%
6,329,404
-2,453,237
-28% -$59.5M
HUN icon
17
Huntsman Corp
HUN
$1.83B
$141M 1.98%
5,135,744
-223,835
-4% -$5.96M
ALL icon
18
Allstate
ALL
$66.3B
$135M 1.9%
1,468,871
-231,429
-14% -$21M
UNH icon
19
UnitedHealth
UNH
$365B
$131M 1.84%
669,000
+202,000
+43% +$39M
URI icon
20
United Rentals
URI
$71.2B
$129M 1.82%
931,880
-222,883
-19% -$26.6M
PNC icon
21
PNC Financial Services
PNC
$101B
$124M 1.75%
922,510
-859,523
-48% -$110M
TERP
22
DELISTED
TerraForm Power, Inc
TERP
$113M 1.59%
8,552,482
-156,226
-2% -$2.04M
TMO icon
23
Thermo Fisher Scientific
TMO
$224B
$112M 1.57%
592,000
+217,000
+58% +$39.3M
BSX icon
24
Boston Scientific
BSX
$74.2B
$109M 1.54%
3,752,866
+1,487,966
+66% +$41.1M
CNC icon
25
Centene
CNC
$32.1B
$105M 1.48%
2,172,328
+243,534
+13% +$10.5M
1
2 3

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David Tepper's Q3 2017 Portfolio in Review

As of Q3 2017, David Tepper held 62 positions worth $7.12B, up 5.6% from $6.74B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

David Tepper's Q3 2017 filing shows 4 new, 15 increased, 28 reduced and 14 closed positions. Its largest new stake was Peabody Energy Corporation Series A Convertible Preferred Stock: 301,316 shares worth $18.6M. The largest sale was Allergan plc, an estimated $145M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 15% a quarter earlier, followed by Communication Services and Healthcare.

  • David Tepper's largest Q3 2017 buy was Peabody Energy Corporation Series A Convertible Preferred Stock: 301,316 shares worth $18.6M.
  • David Tepper added most to NRG Energy in Q3 2017, an estimated $170M increase.
  • David Tepper's biggest Q3 2017 reduction was Allergan plc, cutting an estimated $145M.
  • David Tepper fully exited iShares Biotechnology ETF in Q3 2017, selling an estimated $72.9M.
  • David Tepper's ten largest holdings make up 57% of its $7.12B portfolio in Q3 2017.
  • David Tepper opened 4 new positions and closed 14 in Q3 2017.
  • David Tepper's portfolio value rose 5.6% quarter-over-quarter to $7.12B.

Based on Appaloosa LP's 13F filing for Q3 2017, filed 14 Nov 2017.