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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
-2.67%
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
$4.2B
AUM Growth
-$633M
Cap. Flow
-$406M
Cap. Flow %
-9.66%
Top 10 Hldgs %
53.07%
Holding
57
New
3
Increased
11
Reduced
27
Closed
6

Top Buys

Rank Stock Value
1
ALIT icon
Alight
ALIT
+$84.3M
2
M icon
Macy's
M
+$67.8M
3
EQT icon
EQT Corp
EQT
+$34.5M
4
GT icon
Goodyear
GT
+$33M
5
OXY icon
Occidental Petroleum
OXY
+$24.8M

Top Sells

Rank Stock Value
1
MU icon
Micron Technology
MU
+$218M
2
AMZN icon
Amazon
AMZN
+$190M
3
EMR icon
Emerson Electric
EMR
+$71M
4
PARA
Paramount Global Class B
PARA
+$66.7M
5
NFLX icon
Netflix
NFLX
+$34.6M

Sector Composition

Rank Sector Weight
1 Communication Services 28.35%
2 Consumer Discretionary 20.24%
3 Technology 14.66%
4 Energy 12.43%
5 Healthcare 3.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOG icon
1
Alphabet (Google) Class C
GOOG
$4.19T
$392M 9.33%
2,940,000
+20,000
+0.7% +$2.76M
META icon
2
Meta Platforms (Facebook)
META
$1.53T
$388M 9.24%
1,142,500
-62,500
-5% -$22.5M
TMUS icon
3
T-Mobile US
TMUS
$192B
$325M 7.74%
2,545,000
+25,000
+1% +$3.48M
AMZN icon
4
Amazon
AMZN
$2.94T
$230M 5.48%
1,400,000
-1,100,000
-44% -$190M
OXY icon
5
Occidental Petroleum
OXY
$59B
$196M 4.68%
6,640,000
+930,000
+16% +$24.8M
MU icon
6
Micron Technology
MU
$981B
$195M 4.65%
2,750,000
-2,902,691
-51% -$218M
M icon
7
Macy's
M
$6.45B
$158M 3.77%
7,000,000
+3,390,000
+94% +$67.8M
PCG icon
8
PG&E
PCG
$38.1B
$128M 3.06%
13,375,000
-2,923,159
-18% -$27.6M
XLE icon
9
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
$115M 2.74%
4,420,000
-230,000
-5% -$5.7M
DHI icon
10
D.R. Horton
DHI
$42.2B
$100M 2.39%
1,195,000
+50,743
+4% +$4.67M
XOP icon
11
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
$97.7M 2.33%
1,010,000
+250,000
+33% +$21.3M
ET icon
12
Energy Transfer Partners
ET
$71.6B
$96.8M 2.31%
10,107,410
-522,510
-5% -$5.02M
HCA icon
13
HCA Healthcare
HCA
$89.1B
$93.9M 2.24%
387,000
-18,000
-4% -$4.4M
GT icon
14
Goodyear
GT
$1.75B
$92M 2.19%
5,200,000
+2,035,000
+64% +$33M
ALIT icon
15
Alight
ALIT
$364M
$91.8M 2.19%
+400,000
New +$84.3M
UBER icon
16
Uber
UBER
$160B
$87.4M 2.08%
1,950,500
-84,500
-4% -$3.69M
MOS icon
17
The Mosaic Company
MOS
$7.34B
$84.8M 2.02%
2,375,000
-88,769
-4% -$2.84M
MSFT icon
18
Microsoft
MSFT
$3.74T
$83.9M 2%
297,500
-15,000
-5% -$4.36M
BABA icon
19
Alibaba
BABA
$306B
$77.7M 1.85%
525,000
-60,000
-10% -$10.9M
TWTR
20
DELISTED
Twitter, Inc.
TWTR
$74.6M 1.78%
1,235,000
-65,000
-5% -$4.27M
PHM icon
21
Pultegroup
PHM
$25.2B
$70.7M 1.68%
1,540,000
+30,811
+2% +$1.6M
KSS icon
22
Kohl's
KSS
$2.1B
$70.6M 1.68%
1,500,000
+285,000
+23% +$15.2M
UNH icon
23
UnitedHealth
UNH
$365B
$69.9M 1.67%
179,000
-8,000
-4% -$3.31M
SYY icon
24
Sysco
SYY
$40.3B
$65.9M 1.57%
840,000
-40,000
-5% -$3.05M
PSFE icon
25
Paysafe
PSFE
$353M
$65.9M 1.57%
708,333
– –
1
2 3

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David Tepper's Q3 2021 Portfolio in Review

As of Q3 2021, David Tepper held 57 positions worth $4.2B, down 13% from $4.83B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

David Tepper withdrew a net $406M in Q3 2021, closing 6 positions and reducing 27 holdings. Its most notable exit was Emerson Electric, an estimated $71M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 28% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, David Tepper opened a new position in Alight worth $91.8M.

  • David Tepper's largest Q3 2021 buy was Alight: 400,000 shares worth $91.8M.
  • David Tepper added most to Macy's in Q3 2021, an estimated $67.8M increase.
  • David Tepper's biggest Q3 2021 reduction was Micron Technology, cutting an estimated $218M.
  • David Tepper fully exited Emerson Electric in Q3 2021, selling an estimated $71M.
  • David Tepper's ten largest holdings make up 53% of its $4.2B portfolio in Q3 2021.
  • David Tepper opened 3 new positions and closed 6 in Q3 2021.
  • David Tepper's portfolio value fell 13% quarter-over-quarter to $4.2B.

Based on Appaloosa LP's 13F filing for Q3 2021, filed 15 Nov 2021.