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 |
T-Mobile US
TMUS
|
+$492M |
| 2 |
AT&T
T
|
+$274M |
| 3 |
Alibaba
BABA
|
+$231M |
| 4 |
Mastercard
MA
|
+$154M |
| 5 |
Visa
V
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$123M |
| 2 |
Amazon
AMZN
|
+$60.4M |
| 3 |
Sprint Corporation
S
|
+$55M |
| 4 |
Meta Platforms (Facebook)
META
|
+$37.6M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$36.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 39.45% |
| 2 | Consumer Discretionary | 24.47% |
| 3 | Technology | 15.18% |
| 4 | Financials | 9.09% |
| 5 | Healthcare | 3.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$249B
| $728M | 12.64% |
3,375,000
+1,110,000
| +49% | +$231M |
2019 Q3
3 quarters
|
|
|
2
Amazon
AMZN
$2.68T
| $621M | 10.78% |
4,500,000
-500,000
| -10% | -$60.4M |
2019 Q1
5 quarters
|
|
|
3
T-Mobile US
TMUS
$164B
| $614M | 10.67% |
5,900,000
+5,130,000
| +666% | +$492M |
2017 Q4
10 quarters
|
|
|
4
Meta Platforms (Facebook)
META
$1.65T
| $507M | 8.81% |
2,233,000
-180,000
| -7% | -$37.6M |
2016 Q3
15 quarters
|
|
5
Micron Technology
MU
$1.01T
| $482M | 8.37% |
9,350,000
+490,000
| +6% | +$23.1M |
2016 Q4
14 quarters
|
|
|
6
Alphabet (Google) Class C
GOOG
$3.92T
| $472M | 8.2% |
6,680,000
-540,000
| -7% | -$36.4M |
2016 Q1
17 quarters
|
|
|
7
AT&T
T
$146B
| $274M | 4.77% |
+12,018,213
| New | +$274M |
2020 Q2
0 quarters
|
|
|
TWTR
8
DELISTED
Twitter, Inc.
TWTR
| $165M | 2.87% |
5,550,000
+20,000
| +0.4% | +$603K |
2020 Q1
1 quarter
|
|
|
9
Visa
V
$765B
| $162M | 2.82% |
+840,000
| New | +$153M |
2020 Q2
0 quarters
|
|
|
10
Mastercard
MA
$544B
| $161M | 2.8% |
+545,000
| New | +$154M |
2020 Q2
0 quarters
|
|
11
PayPal
PYPL
$48.7B
| $152M | 2.63% |
+870,000
| New | +$120M |
2020 Q2
0 quarters
|
|
12
Walt Disney
DIS
$193B
| $134M | 2.32% |
+1,200,000
| New | +$132M |
2020 Q2
0 quarters
|
|
13
Energy Transfer Partners
ET
$69.7B
| $108M | 1.87% |
15,120,103
-1,168,562
| -7% | -$8.66M |
2017 Q2
12 quarters
|
|
14
Netflix
NFLX
$277B
| $105M | 1.82% |
2,300,000
-250,000
| -10% | -$10.6M |
2020 Q1
1 quarter
|
|
15
Sysco
SYY
$40.1B
| $102M | 1.78% |
+1,875,000
| New | +$98.6M |
2020 Q2
0 quarters
|
|
16
HCA Healthcare
HCA
$102B
| $102M | 1.77% |
1,050,000
+765,000
| +268% | +$79.5M |
2020 Q1
1 quarter
|
|
17
Salesforce
CRM
$200B
| $93.7M | 1.63% |
500,000
+34,500
| +7% | +$5.81M |
2019 Q1
5 quarters
|
|
18
Adobe
ADBE
$103B
| $89.9M | 1.56% |
206,500
-16,500
| -7% | -$6.11M |
2019 Q1
5 quarters
|
|
19
Emerson Electric
EMR
$89.6B
| $86.8M | 1.51% |
+1,400,000
| New | +$79.5M |
2020 Q2
0 quarters
|
|
20
PG&E
PCG
$37.9B
| $79.3M | 1.38% |
8,943,659
-2,396,341
| -21% | -$26.1M |
2017 Q4
10 quarters
|
|
21
Broadcom
AVGO
$1.56T
| $63.1M | 1.1% |
2,000,000
-330,000
| -14% | -$9.24M |
2019 Q3
3 quarters
|
|
22
Altria Group
MO
$125B
| $60.8M | 1.06% |
+1,550,000
| New | +$60.5M |
2020 Q2
0 quarters
|
|
23
Microsoft
MSFT
$3.89T
| $56.5M | 0.98% |
277,500
+187,500
| +208% | +$34M |
2020 Q1
1 quarter
|
|
24
Wells Fargo
WFC
$246B
| $48.6M | 0.84% |
1,900,000
+1,200,000
| +171% | +$32.8M |
2020 Q1
1 quarter
|
|
25
Qualcomm
QCOM
$187B
| $47M | 0.82% |
515,500
-41,500
| -7% | -$3.33M |
2020 Q1
1 quarter
|
|
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David Tepper's Q2 2020 Portfolio in Review
As of Q2 2020, David Tepper held 42 positions worth $5.76B, up 76% from $3.27B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
David Tepper deployed $1.57B of net new capital in Q2 2020, opening 12 new positions and adding to 11 existing holdings. Its largest new stake was AT&T: 12,018,213 shares worth $274M.
By sector, the portfolio is most concentrated in Communication Services at 39% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Amazon, an estimated $60.4M trimmed.
- David Tepper's largest Q2 2020 buy was AT&T: 12,018,213 shares worth $274M.
- David Tepper added most to T-Mobile US in Q2 2020, an estimated $492M increase.
- David Tepper's biggest Q2 2020 reduction was Amazon, cutting an estimated $60.4M.
- David Tepper fully exited Allergan plc in Q2 2020, selling an estimated $123M.
- David Tepper's ten largest holdings make up 73% of its $5.76B portfolio in Q2 2020.
- David Tepper opened 12 new positions and closed 5 in Q2 2020.
- David Tepper's portfolio value rose 76% quarter-over-quarter to $5.76B.
Based on Appaloosa LP's 13F filing for Q2 2020, filed 14 Aug 2020.