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David Tepper

David Tepper Appaloosa LP

AUM $5.93B
1-Year Est. Return 44.55%
 

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
+12.12%
1 Year Est. Return
+44.55%
3 Year Est. Return
+188.72%
5 Year Est. Return
+296.74%
10 Year Est. Return
+1,042.31%
AUM
$5.66B
AUM Growth
-$103M
Cap. Flow
-$749M
Cap. Flow %
-13.25%
Top 10 Hldgs %
77.13%
Holding
38
New
1
Increased
4
Reduced
27
Closed
6

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$666M
2
MU icon
Micron Technology
MU
+$140M
3
ET icon
Energy Transfer Partners
ET
+$24.4M
4
PCGU
PG&E Corporation
PCGU
+$7.34M
5
MSFT icon
Microsoft
MSFT
+$5.25M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$304M
2
AMZN icon
Amazon
AMZN
+$263M
3
T icon
AT&T
T
+$132M
4
META icon
Meta Platforms (Facebook)
META
+$120M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$117M

Sector Composition

Rank Sector Weight
1 Communication Services 34.51%
2 Consumer Discretionary 20.13%
3 Technology 15.57%
4 Utilities 13.41%
5 Financials 7.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCG icon
1
PG&E
PCG
$38.1B
$758M 13.41%
80,775,057
+71,831,398
+803% +$666M
BABA icon
2
Alibaba
BABA
$306B
$653M 11.54%
2,220,000
-1,155,000
-34% -$304M
TMUS icon
3
T-Mobile US
TMUS
$192B
$596M 10.54%
5,215,000
-685,000
-12% -$75.9M
MU icon
4
Micron Technology
MU
$981B
$575M 10.17%
12,250,000
+2,900,000
+31% +$140M
META icon
5
Meta Platforms (Facebook)
META
$1.53T
$463M 8.18%
1,767,500
-465,500
-21% -$120M
AMZN icon
6
Amazon
AMZN
$2.94T
$446M 7.88%
2,830,000
-1,670,000
-37% -$263M
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.19T
$378M 6.69%
5,150,000
-1,530,000
-23% -$117M
TWTR
8
DELISTED
Twitter, Inc.
TWTR
$207M 3.67%
4,660,000
-890,000
-16% -$34.2M
MA icon
9
Mastercard
MA
$492B
$150M 2.65%
442,500
-102,500
-19% -$33.3M
V icon
10
Visa
V
$677B
$136M 2.4%
680,000
-160,000
-19% -$32M
T icon
11
AT&T
T
$168B
$132M 2.33%
6,123,500
-5,894,713
-49% -$132M
PYPL icon
12
PayPal
PYPL
$50.5B
$121M 2.13%
612,500
-257,500
-30% -$48.5M
HCA icon
13
HCA Healthcare
HCA
$89.1B
$117M 2.06%
935,000
-115,000
-11% -$14.2M
CRM icon
14
Salesforce
CRM
$162B
$110M 1.94%
437,500
-62,500
-13% -$13.7M
DIS icon
15
Walt Disney
DIS
$179B
$109M 1.93%
880,000
-320,000
-27% -$40M
ET icon
16
Energy Transfer Partners
ET
$71.6B
$103M 1.82%
18,971,419
+3,851,316
+25% +$24.4M
ADBE icon
17
Adobe
ADBE
$105B
$85.8M 1.52%
175,000
-31,500
-15% -$14.7M
EMR icon
18
Emerson Electric
EMR
$91.7B
$80.8M 1.43%
1,232,500
-167,500
-12% -$11M
SYY icon
19
Sysco
SYY
$40.3B
$79.3M 1.4%
1,275,000
-600,000
-32% -$34.9M
NFLX icon
20
Netflix
NFLX
$311B
$65.8M 1.16%
1,315,000
-985,000
-43% -$49M
MSFT icon
21
Microsoft
MSFT
$3.74T
$63.6M 1.12%
302,500
+25,000
+9% +$5.25M
XYZ
22
Block Inc
XYZ
$47.5B
$45.9M 0.81%
282,500
-121,293
-30% -$17.1M
MO icon
23
Altria Group
MO
$109B
$35.7M 0.63%
925,000
-625,000
-40% -$26M
GT icon
24
Goodyear
GT
$1.75B
$34.9M 0.62%
4,550,000
-450,000
-9% -$4.17M
BSX icon
25
Boston Scientific
BSX
$74.2B
$30.1M 0.53%
787,500
-162,500
-17% -$6.26M
1
2

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David Tepper's Q3 2020 Portfolio in Review

As of Q3 2020, David Tepper held 38 positions worth $5.66B, down 1.8% from $5.76B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

David Tepper withdrew a net $749M in Q3 2020, closing 6 positions and reducing 27 holdings. Its most notable exit was Broadcom, an estimated $63.1M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 35% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, David Tepper opened a new position in PG&E Corporation worth $7.36M.

  • David Tepper's largest Q3 2020 buy was PG&E Corporation: 75,000 shares worth $7.36M.
  • David Tepper added most to PG&E in Q3 2020, an estimated $666M increase.
  • David Tepper's biggest Q3 2020 reduction was Alibaba, cutting an estimated $304M.
  • David Tepper fully exited Broadcom in Q3 2020, selling an estimated $63.1M.
  • David Tepper's ten largest holdings make up 77% of its $5.66B portfolio in Q3 2020.
  • David Tepper opened 1 new position and closed 6 in Q3 2020.
  • David Tepper's portfolio value fell 1.8% quarter-over-quarter to $5.66B.

Based on Appaloosa LP's 13F filing for Q3 2020, filed 16 Nov 2020.