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 |
Alight
ALIT
|
+$84.3M |
| 2 |
Macy's
M
|
+$67.8M |
| 3 |
EQT Corp
EQT
|
+$34.5M |
| 4 |
Goodyear
GT
|
+$33M |
| 5 |
Occidental Petroleum
OXY
|
+$24.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$218M |
| 2 |
Amazon
AMZN
|
+$190M |
| 3 |
Emerson Electric
EMR
|
+$71M |
| 4 |
Paramount Global Class B
PARA
|
+$66.7M |
| 5 |
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 | Miscellaneous | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.88T
| $392M | 9.33% |
2,940,000
+20,000
| +0.7% | +$2.76M |
2016 Q1
22 quarters
|
|
2
Meta Platforms (Facebook)
META
$1.64T
| $388M | 9.24% |
1,142,500
-62,500
| -5% | -$22.5M |
2016 Q3
20 quarters
|
|
3
T-Mobile US
TMUS
$157B
| $325M | 7.74% |
2,545,000
+25,000
| +1% | +$3.48M |
2017 Q4
15 quarters
|
|
|
4
Amazon
AMZN
$2.68T
| $230M | 5.48% |
1,400,000
-1,100,000
| -44% | -$190M |
2019 Q1
10 quarters
|
|
|
5
Occidental Petroleum
OXY
$64.1B
| $196M | 4.68% |
6,640,000
+930,000
| +16% | +$24.8M |
2020 Q4
3 quarters
|
|
|
6
Micron Technology
MU
$993B
| $195M | 4.65% |
2,750,000
-2,902,691
| -51% | -$218M |
2016 Q4
19 quarters
|
|
|
7
Macy's
M
$6.29B
| $158M | 3.77% |
7,000,000
+3,390,000
| +94% | +$67.8M |
2020 Q4
3 quarters
|
|
8
PG&E
PCG
$37.9B
| $128M | 3.06% |
13,375,000
-2,923,159
| -18% | -$27.6M |
2017 Q4
15 quarters
|
|
9
State Street Energy Select Sector SPDR ETF
XLE
$45.4B
| $115M | 2.74% |
4,420,000
-230,000
| -5% | -$5.7M |
2020 Q4
3 quarters
|
|
10
D.R. Horton
DHI
$41.3B
| $100M | 2.39% |
1,195,000
+50,743
| +4% | +$4.67M |
2021 Q1
2 quarters
|
|
11
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.44B
| $97.7M | 2.33% |
1,010,000
+250,000
| +33% | +$21.3M |
2020 Q4
3 quarters
|
|
12
Energy Transfer Partners
ET
$70.4B
| $96.8M | 2.31% |
10,107,410
-522,510
| -5% | -$5.02M |
2017 Q2
17 quarters
|
|
13
HCA Healthcare
HCA
$102B
| $93.9M | 2.24% |
387,000
-18,000
| -4% | -$4.4M |
2020 Q1
6 quarters
|
|
|
14
Goodyear
GT
$1.23B
| $92M | 2.19% |
5,200,000
+2,035,000
| +64% | +$33M |
2020 Q1
6 quarters
|
|
|
15
Alight
ALIT
$253M
| $91.8M | 2.19% |
+400,000
| New | +$84.3M |
2021 Q3
0 quarters
|
|
16
Uber
UBER
$136B
| $87.4M | 2.08% |
1,950,500
-84,500
| -4% | -$3.69M |
2021 Q2
1 quarter
|
|
17
The Mosaic Company
MOS
$5.67B
| $84.8M | 2.02% |
2,375,000
-88,769
| -4% | -$2.84M |
2021 Q1
2 quarters
|
|
18
Microsoft
MSFT
$3.89T
| $83.9M | 2% |
297,500
-15,000
| -5% | -$4.36M |
2020 Q1
6 quarters
|
|
19
Alibaba
BABA
$248B
| $77.7M | 1.85% |
525,000
-60,000
| -10% | -$10.9M |
2019 Q3
8 quarters
|
|
|
TWTR
20
DELISTED
Twitter, Inc.
TWTR
| $74.6M | 1.78% |
1,235,000
-65,000
| -5% | -$4.27M |
2020 Q1
6 quarters
|
|
21
Pultegroup
PHM
$23.1B
| $70.7M | 1.68% |
1,540,000
+30,811
| +2% | +$1.6M |
2021 Q2
1 quarter
|
|
22
Kohl's
KSS
$2.79B
| $70.6M | 1.68% |
1,500,000
+285,000
| +23% | +$15.2M |
2020 Q4
3 quarters
|
|
23
UnitedHealth
UNH
$375B
| $69.9M | 1.67% |
179,000
-8,000
| -4% | -$3.31M |
2017 Q1
18 quarters
|
|
24
Sysco
SYY
$40B
| $65.9M | 1.57% |
840,000
-40,000
| -5% | -$3.05M |
2020 Q2
5 quarters
|
|
25
Paysafe
PSFE
$300M
| $65.9M | 1.57% |
708,333
| – | – |
2021 Q1
2 quarters
|
|
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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.