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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
+21.89%
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
$6.69B
AUM Growth
+$1.03B
Cap. Flow
+$74.2M
Cap. Flow %
1.11%
Top 10 Hldgs %
66.43%
Holding
48
New
16
Increased
12
Reduced
15
Closed
3

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$179M
2
OXY icon
Occidental Petroleum
OXY
+$111M
3
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$108M
4
QCOM icon
Qualcomm
QCOM
+$83.6M
5
KMX icon
CarMax
KMX
+$70.3M

Top Sells

Rank Stock Value
1
PCG icon
PG&E
PCG
+$434M
2
MU icon
Micron Technology
MU
+$256M
3
T icon
AT&T
T
+$132M
4
BABA icon
Alibaba
BABA
+$88.8M
5
TMUS icon
T-Mobile US
TMUS
+$38.3M

Sector Composition

Rank Sector Weight
1 Communication Services 31.66%
2 Consumer Discretionary 20.28%
3 Technology 16.11%
4 Utilities 7.89%
5 Financials 6.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TMUS icon
1
T-Mobile US
TMUS
$192B
$661M 9.89%
4,905,000
-310,000
-6% -$38.3M
AMZN icon
2
Amazon
AMZN
$2.94T
$644M 9.63%
3,954,000
+1,124,000
+40% +$179M
MU icon
3
Micron Technology
MU
$981B
$601M 8.99%
8,000,000
-4,250,000
-35% -$256M
META icon
4
Meta Platforms (Facebook)
META
$1.53T
$549M 8.21%
2,011,000
+243,500
+14% +$66.8M
PCG icon
5
PG&E
PCG
$38.1B
$528M 7.89%
42,370,317
-38,404,740
-48% -$434M
GOOG icon
6
Alphabet (Google) Class C
GOOG
$4.19T
$446M 6.67%
5,090,000
-60,000
-1% -$5.06M
BABA icon
7
Alibaba
BABA
$306B
$442M 6.61%
1,900,000
-320,000
-14% -$88.8M
TWTR
8
DELISTED
Twitter, Inc.
TWTR
$257M 3.85%
4,750,000
+90,000
+2% +$4.3M
HCA icon
9
HCA Healthcare
HCA
$89.1B
$164M 2.46%
1,000,000
+65,000
+7% +$9.5M
ET icon
10
Energy Transfer Partners
ET
$71.6B
$149M 2.22%
24,066,259
+5,094,840
+27% +$30.8M
MA icon
11
Mastercard
MA
$492B
$144M 2.15%
402,500
-40,000
-9% -$13.3M
OXY icon
12
Occidental Petroleum
OXY
$59B
$140M 2.1%
+8,100,540
New +$111M
V icon
13
Visa
V
$677B
$136M 2.03%
620,000
-60,000
-9% -$12.3M
DIS icon
14
Walt Disney
DIS
$179B
$135M 2.02%
745,000
-135,000
-15% -$19.4M
PYPL icon
15
PayPal
PYPL
$50.5B
$123M 1.84%
525,000
-87,500
-14% -$18.1M
CRM icon
16
Salesforce
CRM
$162B
$122M 1.83%
550,000
+112,500
+26% +$27.4M
MSFT icon
17
Microsoft
MSFT
$3.74T
$122M 1.83%
550,000
+247,500
+82% +$53.2M
XLE icon
18
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
$118M 1.77%
+6,250,000
New +$108M
ADBE icon
19
Adobe
ADBE
$105B
$100M 1.5%
200,000
+25,000
+14% +$12.1M
SYY icon
20
Sysco
SYY
$40.3B
$92.8M 1.39%
1,250,000
-25,000
-2% -$1.72M
QCOM icon
21
Qualcomm
QCOM
$171B
$91.4M 1.37%
+600,000
New +$83.6M
EMR icon
22
Emerson Electric
EMR
$91.7B
$78.4M 1.17%
975,000
-257,500
-21% -$19.1M
M icon
23
Macy's
M
$6.45B
$72M 1.08%
+6,400,000
New +$54.8M
KMX icon
24
CarMax
KMX
$8.26B
$70.8M 1.06%
+750,000
New +$70.3M
KSS icon
25
Kohl's
KSS
$2.1B
$70.2M 1.05%
+1,725,000
New +$50.2M
1
2

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David Tepper's Q4 2020 Portfolio in Review

As of Q4 2020, David Tepper held 48 positions worth $6.69B, up 18% from $5.66B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

David Tepper's Q4 2020 filing shows 16 new, 12 increased, 15 reduced and 3 closed positions. Its largest new stake was Occidental Petroleum: 8,100,540 shares worth $140M. The largest sale was PG&E, an estimated $434M.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Technology.

  • David Tepper's largest Q4 2020 buy was Occidental Petroleum: 8,100,540 shares worth $140M.
  • David Tepper added most to Amazon in Q4 2020, an estimated $179M increase.
  • David Tepper's biggest Q4 2020 reduction was PG&E, cutting an estimated $434M.
  • David Tepper fully exited AT&T in Q4 2020, selling an estimated $132M.
  • David Tepper's ten largest holdings make up 66% of its $6.69B portfolio in Q4 2020.
  • David Tepper opened 16 new positions and closed 3 in Q4 2020.
  • David Tepper's portfolio value rose 18% quarter-over-quarter to $6.69B.

Based on Appaloosa LP's 13F filing for Q4 2020, filed 16 Feb 2021.