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 |
TWTR
Twitter, Inc.
TWTR
|
+$179M |
| 2 |
Netflix
NFLX
|
+$90.2M |
| 3 |
Energy Transfer Partners
ET
|
+$53.9M |
| 4 |
Qualcomm
QCOM
|
+$45.7M |
| 5 |
Sprint Corporation
S
|
+$44.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caesars Entertainment Corporation
CZR
|
+$137M |
| 2 |
AGN
Allergan plc
AGN
|
+$113M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 4 |
Meta Platforms (Facebook)
META
|
+$80.7M |
| 5 |
PG&E
PCG
|
+$80.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 36.34% |
| 2 | Consumer Discretionary | 29.64% |
| 3 | Technology | 18.88% |
| 4 | Healthcare | 7.13% |
| 5 | Utilities | 3.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.9T
| $487M | 14.9% |
5,000,000
-830,000
| -14% | -$80.3M |
2019 Q1
4 quarters
|
|
2
Alibaba
BABA
$262B
| $440M | 13.46% |
2,265,000
-135,000
| -6% | -$28.2M |
2019 Q3
2 quarters
|
|
|
3
Alphabet (Google) Class C
GOOG
$3.54T
| $420M | 12.83% |
7,220,000
-1,580,000
| -18% | -$107M |
2016 Q1
16 quarters
|
|
|
4
Meta Platforms (Facebook)
META
$1.64T
| $402M | 12.3% |
2,413,000
-412,000
| -15% | -$80.7M |
2016 Q3
14 quarters
|
|
5
Micron Technology
MU
$826B
| $373M | 11.39% |
8,860,000
+760,000
| +9% | +$39.5M |
2016 Q4
13 quarters
|
|
|
TWTR
6
DELISTED
Twitter, Inc.
TWTR
| $136M | 4.15% |
+5,530,000
| New | +$179M |
2020 Q1
0 quarters
|
|
|
AGN
7
DELISTED
Allergan plc
AGN
| $123M | 3.76% |
695,000
-600,000
| -46% | -$113M |
2016 Q1
16 quarters
|
|
|
8
PG&E
PCG
$29.1B
| $102M | 3.12% |
11,340,000
-6,060,000
| -35% | -$80.5M |
2017 Q4
9 quarters
|
|
|
9
Netflix
NFLX
$262B
| $95.8M | 2.93% |
+2,550,000
| New | +$90.2M |
2020 Q1
0 quarters
|
|
|
10
Energy Transfer Partners
ET
$65.7B
| $74.9M | 2.29% |
16,288,665
+5,057,612
| +45% | +$53.9M |
2017 Q2
11 quarters
|
|
11
Adobe
ADBE
$93.3B
| $71M | 2.17% |
223,000
-17,000
| -7% | -$5.81M |
2019 Q1
4 quarters
|
|
12
Salesforce
CRM
$178B
| $67M | 2.05% |
465,500
-34,500
| -7% | -$5.92M |
2019 Q1
4 quarters
|
|
13
T-Mobile US
TMUS
$178B
| $64.6M | 1.97% |
770,000
+70,000
| +10% | +$5.92M |
2017 Q4
9 quarters
|
|
14
UnitedHealth
UNH
$356B
| $62.3M | 1.91% |
250,000
-50,000
| -17% | -$13.8M |
2017 Q1
12 quarters
|
|
15
Broadcom
AVGO
$1.53T
| $55.2M | 1.69% |
2,330,000
-420,000
| -15% | -$11.8M |
2019 Q3
2 quarters
|
|
|
16
DELISTED
Sprint Corporation
S
| $55M | 1.68% |
+6,380,000
| New | +$44.8M |
2020 Q1
0 quarters
|
|
|
17
Qualcomm
QCOM
$188B
| $37.7M | 1.15% |
+557,000
| New | +$45.7M |
2020 Q1
0 quarters
|
|
18
HCA Healthcare
HCA
$106B
| $25.6M | 0.78% |
+285,000
| New | +$36.9M |
2020 Q1
0 quarters
|
|
19
Tesla
TSLA
$1.49T
| $22M | 0.67% |
+630,000
| New | +$26.1M |
2020 Q1
0 quarters
|
|
20
Alerian MLP ETF
AMLP
$12.2B
| $20.8M | 0.64% |
1,208,000
-102,000
| -8% | -$3.46M |
2018 Q4
5 quarters
|
|
21
Wells Fargo
WFC
$258B
| $20.1M | 0.61% |
+700,000
| New | +$29.8M |
2020 Q1
0 quarters
|
|
22
Goodyear
GT
$1.22B
| $19.6M | 0.6% |
+3,368,000
| New | +$36.8M |
2020 Q1
0 quarters
|
|
23
Vistra
VST
$45.3B
| $19.3M | 0.59% |
1,210,000
-509,100
| -30% | -$10.4M |
2018 Q2
7 quarters
|
|
24
Humana
HUM
$52.1B
| $18.5M | 0.57% |
59,000
-16,000
| -21% | -$5.4M |
2019 Q2
3 quarters
|
|
|
I
25
DELISTED
INTELSAT S. A.
I
| $15.5M | 0.47% |
10,146,300
+7,261,281
| +252% | +$30.4M |
2019 Q4
1 quarter
|
|
Similar funds
David Tepper's Q1 2020 Portfolio in Review
As of Q1 2020, David Tepper held 36 positions worth $3.27B, down 18% from $3.98B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
David Tepper's Q1 2020 filing shows 13 new, 4 increased, 13 reduced and 5 closed positions. Its largest new stake was Twitter, Inc.: 5,530,000 shares worth $136M. The largest sale was Caesars Entertainment Corporation, an estimated $137M.
By sector, the portfolio is most concentrated in Communication Services at 36% of assets, up from 31% a quarter earlier, followed by Consumer Discretionary and Technology.
- David Tepper's largest Q1 2020 buy was Twitter, Inc.: 5,530,000 shares worth $136M.
- David Tepper added most to Energy Transfer Partners in Q1 2020, an estimated $53.9M increase.
- David Tepper's biggest Q1 2020 reduction was Allergan plc, cutting an estimated $113M.
- David Tepper fully exited Caesars Entertainment Corporation in Q1 2020, selling an estimated $137M.
- David Tepper's ten largest holdings make up 81% of its $3.27B portfolio in Q1 2020.
- David Tepper opened 13 new positions and closed 5 in Q1 2020.
- David Tepper's portfolio value fell 18% quarter-over-quarter to $3.27B.
Based on Appaloosa LP's 13F filing for Q1 2020, filed 15 May 2020.