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
|
+$64.5M |
| 2 |
Amazon
AMZN
|
+$46.4M |
| 3 |
Las Vegas Sands
LVS
|
+$21.8M |
| 4 |
Microsoft
MSFT
|
+$20.6M |
| 5 |
Wynn Resorts
WYNN
|
+$19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$166M |
| 2 |
T-Mobile US
TMUS
|
+$148M |
| 3 |
General Motors
GM
|
+$132M |
| 4 |
D.R. Horton
DHI
|
+$119M |
| 5 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.11% |
| 2 | Communication Services | 21.22% |
| 3 | Energy | 20.41% |
| 4 | Technology | 13.94% |
| 5 | Materials | 3.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$4.19T
| $332M | 13.3% |
2,380,000
-320,000
| -12% | -$43.5M |
|
|
2
Amazon
AMZN
$2.94T
| $277M | 11.09% |
1,700,000
+300,000
| +21% | +$46.4M |
|
3
Meta Platforms (Facebook)
META
$1.53T
| $198M | 7.92% |
890,000
-210,000
| -19% | -$52.5M |
|
4
Macy's
M
$6.45B
| $193M | 7.71% |
7,911,642
-2,184,518
| -22% | -$56M |
|
5
Micron Technology
MU
$981B
| $164M | 6.55% |
2,100,000
-650,000
| -24% | -$55.4M |
|
|
6
Occidental Petroleum
OXY
$59B
| $161M | 6.45% |
2,840,000
-3,760,000
| -57% | -$166M |
|
7
EQT Corp
EQT
$34B
| $135M | 5.42% |
3,935,000
-954,853
| -20% | -$23.3M |
|
|
8
Microsoft
MSFT
$3.74T
| $113M | 4.52% |
366,000
+68,500
| +23% | +$20.6M |
|
9
Energy Transfer Partners
ET
$71.6B
| $103M | 4.12% |
9,211,393
-3,179,705
| -26% | -$31.5M |
|
10
UnitedHealth
UNH
$365B
| $85.7M | 3.43% |
168,000
-11,000
| -6% | -$5.31M |
|
|
11
Uber
UBER
$160B
| $72.1M | 2.88% |
2,020,000
+1,795,000
| +798% | +$64.5M |
|
12
PG&E
PCG
$38.1B
| $71.7M | 2.87% |
6,007,160
-6,492,840
| -52% | -$76.8M |
|
13
Sysco
SYY
$40.3B
| $61.2M | 2.45% |
750,000
-90,000
| -11% | -$7.27M |
|
14
Antero Resources
AR
$11.6B
| $60.3M | 2.41% |
1,975,000
-870,263
| -31% | -$19.5M |
|
15
The Mosaic Company
MOS
$7.34B
| $55.5M | 2.22% |
835,000
-1,565,000
| -65% | -$78.3M |
|
|
16
State Street Energy Select Sector SPDR ETF
XLE
$39.8B
| $53.1M | 2.13% |
1,390,000
-2,910,000
| -68% | -$101M |
|
17
Goodyear
GT
$1.75B
| $46.5M | 1.86% |
3,254,829
-1,895,171
| -37% | -$33.6M |
|
18
Kohl's
KSS
$2.1B
| $42.3M | 1.69% |
700,000
-950,000
| -58% | -$53.7M |
|
19
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
| $38.3M | 1.53% |
285,000
-715,000
| -72% | -$82.3M |
|
20
Freeport-McMoran
FCX
$96.4B
| $36.8M | 1.47% |
740,000
-1,110,000
| -60% | -$49.2M |
|
|
JWN
21
DELISTED
Nordstrom
JWN
| $30.5M | 1.22% |
1,125,000
-244,907
| -18% | -$5.73M |
|
|
EXEEZ
22
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $22.5M | 0.9% |
378,000
-316,957
| -46% | -$14.1M |
|
23
Enterprise Products Partners
EPD
$81.8B
| $21.1M | 0.84% |
817,980
-1,143,643
| -58% | -$27.8M |
|
|
24
Las Vegas Sands
LVS
$29.6B
| $20.4M | 0.82% |
+525,000
| New | +$21.8M |
|
|
25
Wynn Resorts
WYNN
$10.8B
| $17.9M | 0.72% |
+225,000
| New | +$19M |
|
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David Tepper's Q1 2022 Portfolio in Review
As of Q1 2022, David Tepper held 46 positions worth $2.5B, down 36% from $3.89B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
David Tepper withdrew a net $1.58B in Q1 2022, closing 12 positions and reducing 26 holdings. Its most notable exit was T-Mobile US, an estimated $148M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 29% a quarter earlier, followed by Communication Services and Energy.
Against the trend, David Tepper opened a new position in Las Vegas Sands worth $20.4M.
- David Tepper's largest Q1 2022 buy was Las Vegas Sands: 525,000 shares worth $20.4M.
- David Tepper added most to Uber in Q1 2022, an estimated $64.5M increase.
- David Tepper's biggest Q1 2022 reduction was Occidental Petroleum, cutting an estimated $166M.
- David Tepper fully exited T-Mobile US in Q1 2022, selling an estimated $148M.
- David Tepper's ten largest holdings make up 70% of its $2.5B portfolio in Q1 2022.
- David Tepper opened 2 new positions and closed 12 in Q1 2022.
- David Tepper's portfolio value fell 36% quarter-over-quarter to $2.5B.
Based on Appaloosa LP's 13F filing for Q1 2022, filed 16 May 2022.