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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
+9.74%
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
$9.26B
AUM Growth
+$5.77B
(+165%)
Cap. Flow
-$1.2B
Cap. Flow % of AUM
Cap. Flow %
-13.01%
Top 10 Holdings %
Top 10 Hldgs %
94.12%
Holding
30
New
6
Increased
6
Reduced
14
Closed
3
Avg Time Held
Equity + Options
1.2
years
Top 10 Avg Time Held
Equity + Options
1.1
years
Top 20 Avg Time Held
Equity + Options
1.1
years
Avg Time Held Equity only
1.3
years
Top 10 Avg Time Held Equity only
1.3
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$80.8M |
| 2 |
Salesforce
CRM
|
+$47M |
| 3 |
Amazon
AMZN
|
+$37.3M |
| 4 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$31.7M |
| 5 |
Humana
HUM
|
+$24.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$699M |
| 2 |
AGN
Allergan plc
AGN
|
+$255M |
| 3 |
Alibaba
BABA
|
+$128M |
| 4 |
PG&E
PCG
|
+$126M |
| 5 |
AABA
Altaba Inc
AABA
|
+$91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 75.78% |
| 2 | Communication Services | 7.05% |
| 3 | Consumer Discretionary | 5.21% |
| 4 | Utilities | 4.75% |
| 5 | Healthcare | 3.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$817B
| $5.33B | 57.6% |
+18,206,800
| New | +$5.24B |
2019 Q2
0 quarters
|
|
2
CALL
Invesco QQQ Trust
QQQ
$485B
| $1.54B | 16.66% |
+8,261,400
| New | +$1.52B |
2019 Q2
0 quarters
|
|
|
3
PG&E
PCG
$39.4B
| $386M | 4.16% |
16,828,015
-6,270,985
| -27% | -$126M |
2017 Q4
6 quarters
|
|
4
Meta Platforms (Facebook)
META
$1.8T
| $357M | 3.86% |
1,850,000
-150,000
| -8% | -$27.4M |
2016 Q3
11 quarters
|
|
|
5
Amazon
AMZN
$2.83T
| $350M | 3.78% |
3,700,000
+400,000
| +12% | +$37.3M |
2019 Q1
1 quarter
|
|
|
6
Alphabet (Google) Class C
GOOG
$4.16T
| $232M | 2.51% |
4,300,000
+1,400,000
| +48% | +$80.8M |
2016 Q1
13 quarters
|
|
|
AGN
7
DELISTED
Allergan plc
AGN
| $217M | 2.34% |
1,295,000
-1,838,864
| -59% | -$255M |
2016 Q1
13 quarters
|
|
8
DELISTED
Caesars Entertainment Corporation
CZR
| $132M | 1.43% |
11,200,000
-2,547,240
| -19% | -$24.1M |
2017 Q4
6 quarters
|
|
9
Energy Transfer Partners
ET
$69.2B
| $82.4M | 0.89% |
5,852,527
-845,236
| -13% | -$12.5M |
2017 Q2
8 quarters
|
|
10
UnitedHealth
UNH
$365B
| $81.7M | 0.88% |
335,000
+85,000
| +34% | +$20.4M |
2017 Q1
9 quarters
|
|
|
11
Salesforce
CRM
$200B
| $75.9M | 0.82% |
500,000
+300,000
| +150% | +$47M |
2019 Q1
1 quarter
|
|
|
AABA
12
DELISTED
Altaba Inc
AABA
| $72.8M | 0.79% |
1,050,000
-1,300,000
| -55% | -$91M |
2017 Q2
8 quarters
|
|
13
Alerian MLP ETF
AMLP
$12.6B
| $64.5M | 0.7% |
1,310,000
-190,000
| -13% | -$9.4M |
2018 Q4
2 quarters
|
|
14
T-Mobile US
TMUS
$167B
| $51.9M | 0.56% |
700,000
-199,548
| -22% | -$14.8M |
2017 Q4
6 quarters
|
|
15
Vistra
VST
$50.2B
| $38.9M | 0.42% |
1,719,100
-541,870
| -24% | -$13.6M |
2018 Q2
4 quarters
|
|
|
16
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.39B
| $35.4M | 0.38% |
325,000
+275,000
| +550% | +$31.7M |
2019 Q1
1 quarter
|
|
|
17
Micron Technology
MU
$1.02T
| $34.7M | 0.38% |
900,000
-18,350,000
| -95% | -$699M |
2016 Q4
10 quarters
|
|
18
Adobe
ADBE
$96.2B
| $33M | 0.36% |
112,000
+12,000
| +12% | +$3.33M |
2019 Q1
1 quarter
|
|
19
Cheniere Energy
LNG
$59.2B
| $28.1M | 0.3% |
410,000
-176,655
| -30% | -$11.7M |
2017 Q4
6 quarters
|
|
|
20
Humana
HUM
$49.8B
| $25.3M | 0.27% |
+95,391
| New | +$24.2M |
2019 Q2
0 quarters
|
|
21
Clearway Energy Class C
CWEN
$3.58B
| $11.8M | 0.13% |
700,200
-149,800
| -18% | -$2.37M |
2019 Q1
1 quarter
|
|
|
I
22
DELISTED
INTELSAT S. A.
I
| $11.5M | 0.12% |
+592,000
| New | +$11.5M |
2019 Q2
0 quarters
|
|
23
DELISTED
Mr. Cooper
COOP
| $10.3M | 0.11% |
1,290,000
-1,320,000
| -51% | -$11.1M |
2016 Q1
13 quarters
|
|
24
Centene
CNC
$33.9B
| $6.7M | 0.07% |
+127,815
| New | +$6.9M |
2019 Q2
0 quarters
|
|
25
CALL
Qualcomm
QCOM
$185B
| $5.7M | 0.06% |
+75,000
| New | +$5.49M |
2019 Q2
0 quarters
|
|
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David Tepper's Q2 2019 Portfolio in Review
As of Q2 2019, David Tepper held 30 positions worth $9.26B, up 165% from $3.49B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
David Tepper withdrew a net $1.2B in Q2 2019, closing 3 positions and reducing 14 holdings. Its most notable exit was Alibaba, an estimated $128M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 76% of assets, up from 5.1% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, David Tepper opened a new position in Humana worth $25.3M.
- David Tepper's largest Q2 2019 buy was Humana: 95,391 shares worth $25.3M.
- David Tepper added most to Alphabet (Google) Class C in Q2 2019, an estimated $80.8M increase.
- David Tepper's biggest Q2 2019 reduction was Micron Technology, cutting an estimated $699M.
- David Tepper fully exited Alibaba in Q2 2019, selling an estimated $128M.
- David Tepper's ten largest holdings make up 94% of its $9.26B portfolio in Q2 2019.
- David Tepper opened 6 new positions and closed 3 in Q2 2019.
- David Tepper's portfolio value rose 165% quarter-over-quarter to $9.26B.
Based on Appaloosa LP's 13F filing for Q2 2019, filed 14 Aug 2019.