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 |
Caesars Entertainment Corporation
CZR
|
+$14.6M |
| 4 |
Boeing
BA
|
+$11.4M |
| 5 |
Mr. Cooper
COOP
|
+$6.93M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 31.23% |
| 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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.92T
| $588M | 14.78% |
8,800,000
-98,000
| -1% | -$6.32M |
2016 Q1
15 quarters
|
|
2
Meta Platforms (Facebook)
META
$1.65T
| $580M | 14.57% |
2,825,000
| – | – |
2016 Q3
13 quarters
|
|
|
3
Amazon
AMZN
$2.7T
| $539M | 13.53% |
5,830,000
+530,000
| +10% | +$46.9M |
2019 Q1
3 quarters
|
|
|
4
Alibaba
BABA
$253B
| $509M | 12.79% |
2,400,000
+1,100,000
| +85% | +$206M |
2019 Q3
1 quarter
|
|
|
5
Micron Technology
MU
$969B
| $436M | 10.94% |
8,100,000
+2,100,000
| +35% | +$100M |
2016 Q4
12 quarters
|
|
|
AGN
6
DELISTED
Allergan plc
AGN
| $248M | 6.22% |
1,295,000
| – | – |
2016 Q1
15 quarters
|
|
7
PG&E
PCG
$39B
| $189M | 4.75% |
17,400,000
-710,523
| -4% | -$6.09M |
2017 Q4
8 quarters
|
|
|
8
Energy Transfer Partners
ET
$69B
| $144M | 3.62% |
11,231,053
+5,374,026
| +92% | +$66.2M |
2017 Q2
10 quarters
|
|
|
9
DELISTED
Caesars Entertainment Corporation
CZR
| $137M | 3.43% |
10,050,000
-1,150,000
| -10% | -$14.6M |
2017 Q4
8 quarters
|
|
10
UnitedHealth
UNH
$381B
| $88.2M | 2.22% |
300,000
+50,000
| +20% | +$13.1M |
2017 Q1
11 quarters
|
|
11
Broadcom
AVGO
$1.54T
| $86.9M | 2.18% |
2,750,000
-1,020
| -0% | -$31K |
2019 Q3
1 quarter
|
|
12
Salesforce
CRM
$206B
| $81.3M | 2.04% |
500,000
| – | – |
2019 Q1
3 quarters
|
|
13
Adobe
ADBE
$105B
| $79.2M | 1.99% |
240,000
+35,000
| +17% | +$10.3M |
2019 Q1
3 quarters
|
|
14
Alerian MLP ETF
AMLP
$12.6B
| $55.7M | 1.4% |
1,310,000
| – | – |
2018 Q4
4 quarters
|
|
15
T-Mobile US
TMUS
$170B
| $54.9M | 1.38% |
700,000
| – | – |
2017 Q4
8 quarters
|
|
16
Vistra
VST
$47.3B
| $39.5M | 0.99% |
1,719,100
| – | – |
2018 Q2
6 quarters
|
|
17
Humana
HUM
$50.6B
| $27.5M | 0.69% |
75,000
| – | – |
2019 Q2
2 quarters
|
|
18
Cheniere Energy
LNG
$59.3B
| $25M | 0.63% |
410,000
| – | – |
2017 Q4
8 quarters
|
|
|
I
19
DELISTED
INTELSAT S. A.
I
| $20.3M | 0.51% |
+2,885,019
| New | +$45.4M |
2019 Q4
0 quarters
|
|
20
Clearway Energy Class C
CWEN
$3.81B
| $8.84M | 0.22% |
443,295
-154,000
| -26% | -$2.98M |
2019 Q1
3 quarters
|
|
|
21
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
| $2.94M | 0.07% |
+2,500
| New | +$2.81M |
2019 Q4
0 quarters
|
|
|
22
DELISTED
Clearway Energy Class A
CWEN.A
| $2.61M | 0.07% |
136,462
-38,500
| -22% | -$709K |
2019 Q1
3 quarters
|
|
|
23
Boeing
BA
$148B
| – | – |
-30,000
| Closed | -$11.4M | – |
|
|
24
DELISTED
Mr. Cooper
COOP
| – | – |
-652,500
| Closed | -$6.93M | – |
|
|
25
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.33B
| – | – |
-275,000
| Closed | -$24.6M | – |
|
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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.