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 |
Uber
UBER
|
+$106M |
| 2 |
Pultegroup
PHM
|
+$84.4M |
| 3 |
The Mosaic Company
MOS
|
+$47.1M |
| 4 |
The Beachbody Company
BODI
|
+$20.3M |
| 5 |
Freeport-McMoran
FCX
|
+$19.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$230M |
| 2 |
Amazon
AMZN
|
+$203M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$203M |
| 4 |
Meta Platforms (Facebook)
META
|
+$197M |
| 5 |
EXE
Expand Energy Corp
EXE
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 28.18% |
| 2 | Consumer Discretionary | 20.53% |
| 3 | Technology | 18.04% |
| 4 | Energy | 10.17% |
| 5 | Financials | 3.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Micron Technology
MU
$981B
| $480M | 9.94% |
5,652,691
-1,622,309
| -22% | -$137M |
|
|
2
Amazon
AMZN
$2.94T
| $430M | 8.9% |
2,500,000
-1,220,000
| -33% | -$203M |
|
|
3
Meta Platforms (Facebook)
META
$1.53T
| $419M | 8.67% |
1,205,000
-615,000
| -34% | -$197M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.19T
| $366M | 7.57% |
2,920,000
-1,700,000
| -37% | -$203M |
|
|
5
T-Mobile US
TMUS
$192B
| $365M | 7.55% |
2,520,000
-1,670,000
| -40% | -$230M |
|
6
Occidental Petroleum
OXY
$59B
| $179M | 3.7% |
5,710,000
-2,685,000
| -32% | -$72M |
|
7
PG&E
PCG
$38.1B
| $166M | 3.43% |
16,298,159
-12,302,498
| -43% | -$132M |
|
8
Alibaba
BABA
$306B
| $133M | 2.75% |
585,000
-555,000
| -49% | -$123M |
|
9
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
| $125M | 2.59% |
4,650,000
-3,995,000
| -46% | -$104M |
|
10
Energy Transfer Partners
ET
$71.6B
| $113M | 2.34% |
10,629,920
-12,190,408
| -53% | -$117M |
|
11
D.R. Horton
DHI
$42.2B
| $103M | 2.14% |
1,144,257
-20,743
| -2% | -$1.95M |
|
12
Paysafe
PSFE
$353M
| $103M | 2.13% |
708,333
-125,000
| -15% | -$18.8M |
|
|
13
Uber
UBER
$160B
| $102M | 2.11% |
+2,035,000
| New | +$106M |
|
|
TWTR
14
DELISTED
Twitter, Inc.
TWTR
| $89.5M | 1.85% |
1,300,000
-1,350,000
| -51% | -$82.8M |
|
15
Microsoft
MSFT
$3.74T
| $84.7M | 1.75% |
312,500
-147,500
| -32% | -$37.5M |
|
16
HCA Healthcare
HCA
$89.1B
| $83.7M | 1.73% |
405,000
-545,000
| -57% | -$111M |
|
|
17
Pultegroup
PHM
$25.2B
| $82.4M | 1.7% |
+1,509,189
| New | +$84.4M |
|
|
18
The Mosaic Company
MOS
$7.34B
| $78.6M | 1.63% |
2,463,769
+1,388,769
| +129% | +$47.1M |
|
19
UnitedHealth
UNH
$365B
| $74.9M | 1.55% |
187,000
-90,500
| -33% | -$36.1M |
|
|
20
Freeport-McMoran
FCX
$96.4B
| $74.2M | 1.54% |
2,000,000
+500,000
| +33% | +$19.5M |
|
21
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
| $73.5M | 1.52% |
760,000
-607,500
| -44% | -$53M |
|
22
Qualcomm
QCOM
$171B
| $73.3M | 1.52% |
513,000
-237,000
| -32% | -$32M |
|
23
Emerson Electric
EMR
$91.7B
| $71M | 1.47% |
737,500
-168,500
| -19% | -$15.8M |
|
24
Macy's
M
$6.45B
| $68.4M | 1.42% |
3,610,000
-1,662,500
| -32% | -$29.5M |
|
25
Sysco
SYY
$40.3B
| $68.4M | 1.42% |
880,000
-277,500
| -24% | -$22.4M |
|
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David Tepper's Q2 2021 Portfolio in Review
As of Q2 2021, David Tepper held 66 positions worth $4.83B, down 31% from $6.96B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
David Tepper withdrew a net $2.6B in Q2 2021, closing 12 positions and reducing 41 holdings. Its most notable exit was Salesforce, an estimated $81.6M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 28% of assets, down from 29% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, David Tepper opened a new position in Uber worth $102M.
- David Tepper's largest Q2 2021 buy was Uber: 2,035,000 shares worth $102M.
- David Tepper added most to The Mosaic Company in Q2 2021, an estimated $47.1M increase.
- David Tepper's biggest Q2 2021 reduction was T-Mobile US, cutting an estimated $230M.
- David Tepper fully exited Salesforce in Q2 2021, selling an estimated $81.6M.
- David Tepper's ten largest holdings make up 57% of its $4.83B portfolio in Q2 2021.
- David Tepper opened 4 new positions and closed 12 in Q2 2021.
- David Tepper's portfolio value fell 31% quarter-over-quarter to $4.83B.
Based on Appaloosa LP's 13F filing for Q2 2021, filed 16 Aug 2021.