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 |
General Motors
GM
|
+$131M |
| 2 |
Macy's
M
|
+$84.4M |
| 3 |
EQT Corp
EQT
|
+$42.7M |
| 4 |
JWN
Nordstrom
JWN
|
+$36.3M |
| 5 |
Dick's Sporting Goods
DKS
|
+$21.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$149M |
| 2 |
HCA Healthcare
HCA
|
+$93.9M |
| 3 |
Alibaba
BABA
|
+$77.7M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$74.6M |
| 5 |
Uber
UBER
|
+$74.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.36% |
| 2 | Communication Services | 23.37% |
| 3 | Energy | 14.62% |
| 4 | Technology | 10.6% |
| 5 | Materials | 4.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$4.19T
| $391M | 10.05% |
2,700,000
-240,000
| -8% | -$34.7M |
|
2
Meta Platforms (Facebook)
META
$1.53T
| $370M | 9.52% |
1,100,000
-42,500
| -4% | -$14.1M |
|
|
3
Macy's
M
$6.45B
| $264M | 6.8% |
10,096,160
+3,096,160
| +44% | +$84.4M |
|
4
Micron Technology
MU
$981B
| $256M | 6.59% |
2,750,000
| – | – |
|
5
Amazon
AMZN
$2.94T
| $233M | 6% |
1,400,000
| – | – |
|
6
Occidental Petroleum
OXY
$59B
| $191M | 4.92% |
6,600,000
-40,000
| -0.6% | -$1.26M |
|
7
PG&E
PCG
$38.1B
| $152M | 3.9% |
12,500,000
-875,000
| -7% | -$10.3M |
|
|
8
T-Mobile US
TMUS
$192B
| $148M | 3.81% |
1,275,992
-1,269,008
| -50% | -$149M |
|
|
9
General Motors
GM
$78.4B
| $132M | 3.39% |
+2,250,000
| New | +$131M |
|
10
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
| $119M | 3.07% |
4,300,000
-120,000
| -3% | -$3.39M |
|
11
D.R. Horton
DHI
$42.2B
| $119M | 3.07% |
1,100,000
-95,000
| -8% | -$9.15M |
|
12
Goodyear
GT
$1.75B
| $110M | 2.82% |
5,150,000
-50,000
| -1% | -$1.04M |
|
|
13
EQT Corp
EQT
$34B
| $107M | 2.74% |
4,889,853
+2,039,853
| +72% | +$42.7M |
|
14
Energy Transfer Partners
ET
$71.6B
| $102M | 2.62% |
12,391,098
+2,283,688
| +23% | +$20.8M |
|
15
Microsoft
MSFT
$3.74T
| $100M | 2.57% |
297,500
| – | – |
|
16
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
| $95.9M | 2.47% |
1,000,000
-10,000
| -1% | -$1.02M |
|
17
The Mosaic Company
MOS
$7.34B
| $94.3M | 2.43% |
2,400,000
+25,000
| +1% | +$957K |
|
18
UnitedHealth
UNH
$365B
| $89.9M | 2.31% |
179,000
| – | – |
|
19
Pultegroup
PHM
$25.2B
| $82.9M | 2.13% |
1,450,000
-90,000
| -6% | -$4.61M |
|
20
Kohl's
KSS
$2.1B
| $81.5M | 2.1% |
1,650,000
+150,000
| +10% | +$7.66M |
|
21
Freeport-McMoran
FCX
$96.4B
| $77.2M | 1.99% |
1,850,000
-50,000
| -3% | -$1.9M |
|
22
Sysco
SYY
$40.3B
| $66M | 1.7% |
840,000
| – | – |
|
23
CarMax
KMX
$8.26B
| $51M | 1.31% |
391,500
| – | – |
|
24
Antero Resources
AR
$11.6B
| $49.8M | 1.28% |
2,845,263
| – | – |
|
25
Alight
ALIT
$364M
| $46.4M | 1.19% |
214,740
-185,260
| -46% | -$40.2M |
|
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David Tepper's Q4 2021 Portfolio in Review
As of Q4 2021, David Tepper held 56 positions worth $3.89B, down 7.4% from $4.2B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
David Tepper withdrew a net $545M in Q4 2021, closing 12 positions and reducing 16 holdings. Its most notable exit was HCA Healthcare, an estimated $93.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, up from 20% a quarter earlier, followed by Communication Services and Energy.
Against the trend, David Tepper opened a new position in General Motors worth $132M.
- David Tepper's largest Q4 2021 buy was General Motors: 2,250,000 shares worth $132M.
- David Tepper added most to Macy's in Q4 2021, an estimated $84.4M increase.
- David Tepper's biggest Q4 2021 reduction was T-Mobile US, cutting an estimated $149M.
- David Tepper fully exited HCA Healthcare in Q4 2021, selling an estimated $93.9M.
- David Tepper's ten largest holdings make up 58% of its $3.89B portfolio in Q4 2021.
- David Tepper opened 5 new positions and closed 12 in Q4 2021.
- David Tepper's portfolio value fell 7.4% quarter-over-quarter to $3.89B.
Based on Appaloosa LP's 13F filing for Q4 2021, filed 14 Feb 2022.