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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
+15.32%
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
$3.49B
AUM Growth
+$1.47B
Cap. Flow
+$1.05B
Cap. Flow %
29.98%
Top 10 Hldgs %
85.64%
Holding
32
New
9
Increased
7
Reduced
5
Closed
8

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$288M
2
AMZN icon
Amazon
AMZN
+$275M
3
PCG icon
PG&E
PCG
+$269M
4
MU icon
Micron Technology
MU
+$126M
5
BABA icon
Alibaba
BABA
+$118M

Top Sells

Rank Stock Value
1
AY
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
+$58.8M
2
ALL icon
Allstate
ALL
+$50.2M
3
TERP
TerraForm Power, Inc
TERP
+$30.1M
4
COOP
Mr. Cooper
COOP
+$20.1M
5
NRG icon
NRG Energy
NRG
+$18.3M

Sector Composition

Rank Sector Weight
1 Technology 29.47%
2 Communication Services 16.22%
3 Consumer Discretionary 15.51%
4 Healthcare 14.93%
5 Utilities 13.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MU icon
1
Micron Technology
MU
$981B
$796M 22.81%
19,250,000
+3,250,000
+20% +$126M
AGN
2
DELISTED
Allergan plc
AGN
$459M 13.15%
3,133,864
+1,983,864
+173% +$288M
PCG icon
3
PG&E
PCG
$38.1B
$411M 11.79%
23,099,000
+16,632,951
+257% +$269M
META icon
4
Meta Platforms (Facebook)
META
$1.53T
$333M 9.56%
2,000,000
+575,000
+40% +$91.4M
AMZN icon
5
Amazon
AMZN
$2.94T
$294M 8.42%
+3,300,000
New +$275M
AABA
6
DELISTED
Altaba Inc
AABA
$174M 4.99%
2,350,000
+5,000
+0.2% +$344K
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.19T
$170M 4.88%
2,900,000
-12,000
-0.4% -$673K
BABA icon
8
Alibaba
BABA
$306B
$128M 3.66%
+700,000
New +$118M
CZR
9
DELISTED
Caesars Entertainment Corporation
CZR
$119M 3.42%
13,747,240
+475,000
+4% +$4.12M
ET icon
10
Energy Transfer Partners
ET
$71.6B
$103M 2.95%
6,697,763
-1,022,901
-13% -$15.2M
AMLP icon
11
Alerian MLP ETF
AMLP
$13.3B
$75.2M 2.16%
1,500,000
+86,626
+6% +$4.25M
TMUS icon
12
T-Mobile US
TMUS
$192B
$62.2M 1.78%
899,548
-139,162
-13% -$9.74M
UNH icon
13
UnitedHealth
UNH
$365B
$61.8M 1.77%
250,000
– –
VST icon
14
Vistra
VST
$48.6B
$58.9M 1.69%
2,260,970
-271,773
-11% -$6.86M
BABA icon
15
CALL
Alibaba
BABA
$306B
$54.7M 1.57%
+300,000
New +$50.5M
LNG icon
16
Cheniere Energy
LNG
$54.8B
$40.1M 1.15%
586,655
– –
CRM icon
17
Salesforce
CRM
$162B
$31.7M 0.91%
+200,000
New +$31M
ADBE icon
18
Adobe
ADBE
$105B
$26.6M 0.76%
+100,000
New +$25.2M
COOP
19
DELISTED
Mr. Cooper
COOP
$25M 0.72%
2,610,000
-1,495,997
-36% -$20.1M
CWEN icon
20
Clearway Energy Class C
CWEN
$7.08B
$12.8M 0.37%
+850,000
New +$12.8M
XLE icon
21
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
$6.61M 0.19%
+200,000
New +$6.42M
XOP icon
22
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
$6.15M 0.18%
+50,000
New +$6.02M
CWEN.A
23
DELISTED
Clearway Energy Class A
CWEN.A
$3.63M 0.1%
+250,000
New +$3.66M
ALL icon
24
Allstate
ALL
$66.3B
– –
-607,912
Closed -$50.2M
BAC icon
25
Bank of America
BAC
$448B
– –
-25,000
Closed -$616K
1
2

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David Tepper's Q1 2019 Portfolio in Review

As of Q1 2019, David Tepper held 32 positions worth $3.49B, up 72% from $2.02B the previous quarter. Its ten largest holdings account for 86% of the portfolio.

David Tepper deployed $1.05B of net new capital in Q1 2019, opening 9 new positions and adding to 7 existing holdings. Its largest new stake was Amazon: 3,300,000 shares worth $294M.

By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 32% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was Mr. Cooper, an estimated $20.1M trimmed.

  • David Tepper's largest Q1 2019 buy was Amazon: 3,300,000 shares worth $294M.
  • David Tepper added most to Allergan plc in Q1 2019, an estimated $288M increase.
  • David Tepper's biggest Q1 2019 reduction was Mr. Cooper, cutting an estimated $20.1M.
  • David Tepper fully exited Atlantica Sustainable Infrastructure plc Ordinary Shares in Q1 2019, selling an estimated $58.8M.
  • David Tepper's ten largest holdings make up 86% of its $3.49B portfolio in Q1 2019.
  • David Tepper opened 9 new positions and closed 8 in Q1 2019.
  • David Tepper's portfolio value rose 72% quarter-over-quarter to $3.49B.

Based on Appaloosa LP's 13F filing for Q1 2019, filed 15 May 2019.