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 |
Paramount Global Class B
PARA
|
+$210M |
| 2 |
Expand Energy Corp
EXE
|
+$164M |
| 3 |
Paysafe
PSFE
|
+$135M |
| 4 |
D.R. Horton
DHI
|
+$91.2M |
| 5 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$55.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$187M |
| 2 |
PG&E
PCG
|
+$160M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$128M |
| 4 |
T-Mobile US
TMUS
|
+$90.1M |
| 5 |
PayPal
PYPL
|
+$88.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 29.3% |
| 2 | Consumer Discretionary | 18.47% |
| 3 | Technology | 16.72% |
| 4 | Energy | 11.69% |
| 5 | Miscellaneous | 7.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Micron Technology
MU
$1.06T
| $642M | 9.22% |
7,275,000
-725,000
| -9% | -$61.5M |
2016 Q4
17 quarters
|
|
2
Amazon
AMZN
$2.75T
| $575M | 8.26% |
3,720,000
-234,000
| -6% | -$37.1M |
2019 Q1
8 quarters
|
|
3
Meta Platforms (Facebook)
META
$1.59T
| $536M | 7.7% |
1,820,000
-191,000
| -9% | -$51.4M |
2016 Q3
18 quarters
|
|
|
4
T-Mobile US
TMUS
$157B
| $525M | 7.54% |
4,190,000
-715,000
| -15% | -$90.1M |
2017 Q4
13 quarters
|
|
5
Alphabet (Google) Class C
GOOG
$3.89T
| $478M | 6.86% |
4,620,000
-470,000
| -9% | -$46.6M |
2016 Q1
20 quarters
|
|
|
6
PG&E
PCG
$39.1B
| $335M | 4.81% |
28,600,657
-13,769,660
| -32% | -$160M |
2017 Q4
13 quarters
|
|
|
7
Alibaba
BABA
$249B
| $258M | 3.71% |
1,140,000
-760,000
| -40% | -$187M |
2019 Q3
6 quarters
|
|
8
Occidental Petroleum
OXY
$62.6B
| $223M | 3.21% |
8,395,000
+294,460
| +4% | +$7.37M |
2020 Q4
1 quarter
|
|
|
9
State Street Energy Select Sector SPDR ETF
XLE
$45.1B
| $212M | 3.05% |
8,645,000
+2,395,000
| +38% | +$55.3M |
2020 Q4
1 quarter
|
|
10
HCA Healthcare
HCA
$95.4B
| $179M | 2.57% |
950,000
-50,000
| -5% | -$8.82M |
2020 Q1
4 quarters
|
|
11
Energy Transfer Partners
ET
$70.4B
| $175M | 2.52% |
22,820,328
-1,245,931
| -5% | -$9.1M |
2017 Q2
15 quarters
|
|
|
TWTR
12
DELISTED
Twitter, Inc.
TWTR
| $169M | 2.42% |
2,650,000
-2,100,000
| -44% | -$128M |
2020 Q1
4 quarters
|
|
|
13
Expand Energy Corp
EXE
$21.7B
| $162M | 2.32% |
+3,728,685
| New | +$164M |
2021 Q1
0 quarters
|
|
|
14
DELISTED
Paramount Global Class B
PARA
| $155M | 2.23% |
+3,445,000
| New | +$210M |
2021 Q1
0 quarters
|
|
|
15
Paysafe
PSFE
$288M
| $135M | 1.94% |
+833,333
| New | +$135M |
2021 Q1
0 quarters
|
|
16
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.26B
| $111M | 1.6% |
1,367,500
+442,500
| +48% | +$33.8M |
2020 Q4
1 quarter
|
|
17
Microsoft
MSFT
$3.95T
| $108M | 1.56% |
460,000
-90,000
| -16% | -$20.9M |
2020 Q1
4 quarters
|
|
|
18
D.R. Horton
DHI
$41B
| $104M | 1.49% |
+1,165,000
| New | +$91.2M |
2021 Q1
0 quarters
|
|
19
UnitedHealth
UNH
$369B
| $103M | 1.48% |
277,500
+77,500
| +39% | +$26.9M |
2017 Q1
16 quarters
|
|
20
Qualcomm
QCOM
$195B
| $99.4M | 1.43% |
750,000
+150,000
| +25% | +$21.6M |
2020 Q4
1 quarter
|
|
21
Kohl's
KSS
$2.67B
| $94.6M | 1.36% |
1,587,500
-137,500
| -8% | -$7.06M |
2020 Q4
1 quarter
|
|
22
Sysco
SYY
$40.4B
| $91.1M | 1.31% |
1,157,500
-92,500
| -7% | -$7.17M |
2020 Q2
3 quarters
|
|
23
Visa
V
$750B
| $87.9M | 1.26% |
415,000
-205,000
| -33% | -$43.2M |
2020 Q2
3 quarters
|
|
24
CarMax
KMX
$7.66B
| $86.8M | 1.25% |
654,300
-95,700
| -13% | -$11.6M |
2020 Q4
1 quarter
|
|
25
Macy's
M
$6.21B
| $85.4M | 1.23% |
5,272,500
-1,127,500
| -18% | -$17.2M |
2020 Q4
1 quarter
|
|
Similar funds
David Tepper's Q1 2021 Portfolio in Review
As of Q1 2021, David Tepper held 68 positions worth $6.96B, up 4.1% from $6.69B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
David Tepper's Q1 2021 filing shows 23 new, 8 increased, 29 reduced and 6 closed positions. Its largest new stake was Paramount Global Class B: 3,445,000 shares worth $155M. The largest sale was Alibaba, an estimated $187M.
By sector, the portfolio is most concentrated in Communication Services at 29% of assets, down from 32% a quarter earlier, followed by Consumer Discretionary and Technology.
- David Tepper's largest Q1 2021 buy was Paramount Global Class B: 3,445,000 shares worth $155M.
- David Tepper added most to State Street Energy Select Sector SPDR ETF in Q1 2021, an estimated $55.3M increase.
- David Tepper's biggest Q1 2021 reduction was Alibaba, cutting an estimated $187M.
- David Tepper fully exited Block Inc in Q1 2021, selling an estimated $39.7M.
- David Tepper's ten largest holdings make up 57% of its $6.96B portfolio in Q1 2021.
- David Tepper opened 23 new positions and closed 6 in Q1 2021.
- David Tepper's portfolio value rose 4.1% quarter-over-quarter to $6.96B.
Based on Appaloosa LP's 13F filing for Q1 2021, filed 17 May 2021.