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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
+11.93%
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
$6.96B
AUM Growth
+$276M
Cap. Flow
-$199M
Cap. Flow %
-2.86%
Top 10 Hldgs %
56.92%
Holding
68
New
23
Increased
8
Reduced
29
Closed
6

Top Buys

Rank Stock Value
1
PARA
Paramount Global Class B
PARA
+$210M
2
EXE
Expand Energy Corp
EXE
+$164M
3
PSFE icon
Paysafe
PSFE
+$135M
4
DHI icon
D.R. Horton
DHI
+$91.2M
5
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$55.3M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$187M
2
PCG icon
PG&E
PCG
+$160M
3
TWTR
Twitter, Inc.
TWTR
+$128M
4
TMUS icon
T-Mobile US
TMUS
+$90.1M
5
PYPL icon
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 Utilities 4.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MU icon
1
Micron Technology
MU
$981B
$642M 9.22%
7,275,000
-725,000
-9% -$61.5M
AMZN icon
2
Amazon
AMZN
$2.94T
$575M 8.26%
3,720,000
-234,000
-6% -$37.1M
META icon
3
Meta Platforms (Facebook)
META
$1.53T
$536M 7.7%
1,820,000
-191,000
-9% -$51.4M
TMUS icon
4
T-Mobile US
TMUS
$192B
$525M 7.54%
4,190,000
-715,000
-15% -$90.1M
GOOG icon
5
Alphabet (Google) Class C
GOOG
$4.19T
$478M 6.86%
4,620,000
-470,000
-9% -$46.6M
PCG icon
6
PG&E
PCG
$38.1B
$335M 4.81%
28,600,657
-13,769,660
-32% -$160M
BABA icon
7
Alibaba
BABA
$306B
$258M 3.71%
1,140,000
-760,000
-40% -$187M
OXY icon
8
Occidental Petroleum
OXY
$59B
$223M 3.21%
8,395,000
+294,460
+4% +$7.37M
XLE icon
9
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
$212M 3.05%
8,645,000
+2,395,000
+38% +$55.3M
HCA icon
10
HCA Healthcare
HCA
$89.1B
$179M 2.57%
950,000
-50,000
-5% -$8.82M
ET icon
11
Energy Transfer Partners
ET
$71.6B
$175M 2.52%
22,820,328
-1,245,931
-5% -$9.1M
TWTR
12
DELISTED
Twitter, Inc.
TWTR
$169M 2.42%
2,650,000
-2,100,000
-44% -$128M
EXE
13
Expand Energy Corp
EXE
$22.7B
$162M 2.32%
+3,728,685
New +$164M
PARA
14
DELISTED
Paramount Global Class B
PARA
$155M 2.23%
+3,445,000
New +$210M
PSFE icon
15
Paysafe
PSFE
$353M
$135M 1.94%
+833,333
New +$135M
XOP icon
16
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
$111M 1.6%
1,367,500
+442,500
+48% +$33.8M
MSFT icon
17
Microsoft
MSFT
$3.74T
$108M 1.56%
460,000
-90,000
-16% -$20.9M
DHI icon
18
D.R. Horton
DHI
$42.2B
$104M 1.49%
+1,165,000
New +$91.2M
UNH icon
19
UnitedHealth
UNH
$365B
$103M 1.48%
277,500
+77,500
+39% +$26.9M
QCOM icon
20
Qualcomm
QCOM
$171B
$99.4M 1.43%
750,000
+150,000
+25% +$21.6M
KSS icon
21
Kohl's
KSS
$2.1B
$94.6M 1.36%
1,587,500
-137,500
-8% -$7.06M
SYY icon
22
Sysco
SYY
$40.3B
$91.1M 1.31%
1,157,500
-92,500
-7% -$7.17M
V icon
23
Visa
V
$677B
$87.9M 1.26%
415,000
-205,000
-33% -$43.2M
KMX icon
24
CarMax
KMX
$8.26B
$86.8M 1.25%
654,300
-95,700
-13% -$11.6M
M icon
25
Macy's
M
$6.45B
$85.4M 1.23%
5,272,500
-1,127,500
-18% -$17.2M
1
2 3

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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.