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 |
Alibaba
BABA
|
+$206M |
| 2 |
Micron Technology
MU
|
+$100M |
| 3 |
Energy Transfer Partners
ET
|
+$66.2M |
| 4 |
Amazon
AMZN
|
+$46.9M |
| 5 |
I
INTELSAT S. A.
I
|
+$45.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$270M |
| 2 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$24.6M |
| 3 |
CZR
Caesars Entertainment Corporation
CZR
|
+$14.6M |
| 4 |
Boeing
BA
|
+$11.4M |
| 5 |
COOP
Mr. Cooper
COOP
|
+$6.93M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 30.72% |
| 2 | Consumer Discretionary | 29.75% |
| 3 | Technology | 17.16% |
| 4 | Healthcare | 9.13% |
| 5 | Utilities | 6.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$4.19T
| $588M | 14.78% |
8,800,000
-98,000
| -1% | -$6.32M |
|
2
Meta Platforms (Facebook)
META
$1.53T
| $580M | 14.57% |
2,825,000
| – | – |
|
|
3
Amazon
AMZN
$2.94T
| $539M | 13.53% |
5,830,000
+530,000
| +10% | +$46.9M |
|
|
4
Alibaba
BABA
$306B
| $509M | 12.79% |
2,400,000
+1,100,000
| +85% | +$206M |
|
|
5
Micron Technology
MU
$981B
| $436M | 10.94% |
8,100,000
+2,100,000
| +35% | +$100M |
|
|
AGN
6
DELISTED
Allergan plc
AGN
| $248M | 6.22% |
1,295,000
| – | – |
|
7
PG&E
PCG
$38.1B
| $189M | 4.75% |
17,400,000
-710,523
| -4% | -$6.09M |
|
|
8
Energy Transfer Partners
ET
$71.6B
| $144M | 3.62% |
11,231,053
+5,374,026
| +92% | +$66.2M |
|
|
CZR
9
DELISTED
Caesars Entertainment Corporation
CZR
| $137M | 3.43% |
10,050,000
-1,150,000
| -10% | -$14.6M |
|
10
UnitedHealth
UNH
$365B
| $88.2M | 2.22% |
300,000
+50,000
| +20% | +$13.1M |
|
11
Broadcom
AVGO
$1.98T
| $86.9M | 2.18% |
2,750,000
-1,020
| -0% | -$31K |
|
12
Salesforce
CRM
$162B
| $81.3M | 2.04% |
500,000
| – | – |
|
13
Adobe
ADBE
$105B
| $79.2M | 1.99% |
240,000
+35,000
| +17% | +$10.3M |
|
14
Alerian MLP ETF
AMLP
$13.3B
| $55.7M | 1.4% |
1,310,000
| – | – |
|
15
T-Mobile US
TMUS
$192B
| $54.9M | 1.38% |
700,000
| – | – |
|
16
Vistra
VST
$48.6B
| $39.5M | 0.99% |
1,719,100
| – | – |
|
17
Humana
HUM
$44.8B
| $27.5M | 0.69% |
75,000
| – | – |
|
18
Cheniere Energy
LNG
$54.8B
| $25M | 0.63% |
410,000
| – | – |
|
|
I
19
DELISTED
INTELSAT S. A.
I
| $20.3M | 0.51% |
+2,885,019
| New | +$45.4M |
|
20
Clearway Energy Class C
CWEN
$7.08B
| $8.84M | 0.22% |
443,295
-154,000
| -26% | -$2.98M |
|
|
AVGOP
21
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
| $2.94M | 0.07% |
+2,500
| New | +$2.81M |
|
|
CWEN.A
22
DELISTED
Clearway Energy Class A
CWEN.A
| $2.61M | 0.07% |
136,462
-38,500
| -22% | -$709K |
|
|
23
Boeing
BA
$184B
| – | – |
-30,000
| Closed | -$11.4M |
|
|
COOP
24
DELISTED
Mr. Cooper
COOP
| – | – |
-652,500
| Closed | -$6.93M |
|
|
25
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
| – | – |
-275,000
| Closed | -$24.6M |
|
Similar funds
David Tepper's Q4 2019 Portfolio in Review
As of Q4 2019, David Tepper held 27 positions worth $3.98B, up 17% from $3.41B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
David Tepper's Q4 2019 filing shows 2 new, 6 increased, 6 reduced and 4 closed positions. Its largest new stake was INTELSAT S. A.: 2,885,019 shares worth $20.3M. The largest sale was Altaba Inc, an estimated $270M.
By sector, the portfolio is most concentrated in Communication Services at 31% of assets, down from 32% a quarter earlier, followed by Consumer Discretionary and Technology.
- David Tepper's largest Q4 2019 buy was INTELSAT S. A.: 2,885,019 shares worth $20.3M.
- David Tepper added most to Alibaba in Q4 2019, an estimated $206M increase.
- David Tepper's biggest Q4 2019 reduction was Caesars Entertainment Corporation, cutting an estimated $14.6M.
- David Tepper fully exited Altaba Inc in Q4 2019, selling an estimated $270M.
- David Tepper's ten largest holdings make up 87% of its $3.98B portfolio in Q4 2019.
- David Tepper opened 2 new positions and closed 4 in Q4 2019.
- David Tepper's portfolio value rose 17% quarter-over-quarter to $3.98B.
Based on Appaloosa LP's 13F filing for Q4 2019, filed 14 Feb 2020.