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 |
Constellation Energy
CEG
|
+$162M |
| 2 |
Kohl's
KSS
|
+$57.6M |
| 3 |
Salesforce
CRM
|
+$35.3M |
| 4 |
Aptiv
APTV
|
+$25.5M |
| 5 |
Meta Platforms (Facebook)
META
|
+$21.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$121M |
| 2 |
Micron Technology
MU
|
+$104M |
| 3 |
PG&E
PCG
|
+$61.8M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$53.1M |
| 5 |
Goodyear
GT
|
+$46.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 24.7% |
| 2 | Consumer Discretionary | 23.57% |
| 3 | Energy | 20.57% |
| 4 | Utilities | 10.18% |
| 5 | Technology | 9.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$4.16T
| $219M | 13.73% |
2,000,000
-380,000
| -16% | -$44.9M |
2016 Q1
25 quarters
|
|
|
2
Meta Platforms (Facebook)
META
$1.8T
| $161M | 10.12% |
1,000,000
+110,000
| +12% | +$21.2M |
2016 Q3
23 quarters
|
|
3
Amazon
AMZN
$2.83T
| $159M | 10% |
1,500,000
-200,000
| -12% | -$25M |
2019 Q1
13 quarters
|
|
|
4
Constellation Energy
CEG
$93.3B
| $155M | 9.71% |
+2,700,000
| New | +$162M |
2022 Q2
0 quarters
|
|
5
Macy's
M
$6.16B
| $110M | 6.9% |
6,000,000
-1,911,642
| -24% | -$43.3M |
2020 Q4
6 quarters
|
|
6
Energy Transfer Partners
ET
$69.2B
| $102M | 6.43% |
10,270,300
+1,058,907
| +11% | +$11.9M |
2017 Q2
20 quarters
|
|
7
EQT Corp
EQT
$34B
| $98M | 6.15% |
2,850,000
-1,085,000
| -28% | -$44.7M |
2020 Q4
6 quarters
|
|
8
UnitedHealth
UNH
$365B
| $77M | 4.84% |
150,000
-18,000
| -11% | -$9.04M |
2017 Q1
21 quarters
|
|
|
9
Kohl's
KSS
$2.43B
| $66.9M | 4.2% |
1,875,000
+1,175,000
| +168% | +$57.6M |
2020 Q4
6 quarters
|
|
10
Microsoft
MSFT
$3.96T
| $64.2M | 4.03% |
250,000
-116,000
| -32% | -$31.5M |
2020 Q1
9 quarters
|
|
|
11
Occidental Petroleum
OXY
$62.7B
| $51.5M | 3.23% |
875,000
-1,965,000
| -69% | -$121M |
2020 Q4
6 quarters
|
|
12
Antero Resources
AR
$11.9B
| $43.7M | 2.74% |
1,425,000
-550,000
| -28% | -$20.1M |
2021 Q1
5 quarters
|
|
13
Sysco
SYY
$40.1B
| $36M | 2.26% |
425,000
-325,000
| -43% | -$27.2M |
2020 Q2
8 quarters
|
|
|
14
Salesforce
CRM
$200B
| $33M | 2.07% |
+200,000
| New | +$35.3M |
2022 Q2
0 quarters
|
|
|
15
Micron Technology
MU
$1.02T
| $31.8M | 2% |
575,000
-1,525,000
| -73% | -$104M |
2016 Q4
22 quarters
|
|
|
16
Aptiv
APTV
$9.24B
| $22.3M | 1.4% |
+250,000
| New | +$25.5M |
2022 Q2
0 quarters
|
|
|
EXEEZ
17
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $20.8M | 1.31% |
368,000
-10,000
| -3% | -$651K |
2021 Q1
5 quarters
|
|
18
Uber
UBER
$143B
| $20.5M | 1.28% |
1,000,000
-1,020,000
| -50% | -$27.1M |
2021 Q2
4 quarters
|
|
19
Enterprise Products Partners
EPD
$79.5B
| $19M | 1.19% |
777,980
-40,000
| -5% | -$1.05M |
2020 Q4
6 quarters
|
|
20
Alerian MLP ETF
AMLP
$12.6B
| $14M | 0.88% |
405,000
| – | – |
2018 Q4
14 quarters
|
|
21
HCA Healthcare
HCA
$98.5B
| $12.6M | 0.79% |
+75,000
| New | +$16.1M |
2022 Q2
0 quarters
|
|
|
EXEEL
22
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $12.6M | 0.79% |
240,000
| – | – |
2021 Q1
5 quarters
|
|
23
The Mosaic Company
MOS
$5.7B
| $11.8M | 0.74% |
250,000
-585,000
| -70% | -$35.8M |
2021 Q1
5 quarters
|
|
24
Alibaba
BABA
$270B
| $11.4M | 0.71% |
+100,000
| New | +$9.8M |
2022 Q2
0 quarters
|
|
25
Netflix
NFLX
$291B
| $8.74M | 0.55% |
+500,000
| New | +$11.1M |
2022 Q2
0 quarters
|
|
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David Tepper's Q2 2022 Portfolio in Review
As of Q2 2022, David Tepper held 42 positions worth $1.59B, down 36% from $2.5B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
David Tepper withdrew a net $519M in Q2 2022, closing 12 positions and reducing 16 holdings. Its most notable exit was State Street Energy Select Sector SPDR ETF, an estimated $53.1M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, David Tepper opened a new position in Constellation Energy worth $155M.
- David Tepper's largest Q2 2022 buy was Constellation Energy: 2,700,000 shares worth $155M.
- David Tepper added most to Kohl's in Q2 2022, an estimated $57.6M increase.
- David Tepper's biggest Q2 2022 reduction was Occidental Petroleum, cutting an estimated $121M.
- David Tepper fully exited State Street Energy Select Sector SPDR ETF in Q2 2022, selling an estimated $53.1M.
- David Tepper's ten largest holdings make up 76% of its $1.59B portfolio in Q2 2022.
- David Tepper opened 8 new positions and closed 12 in Q2 2022.
- David Tepper's portfolio value fell 36% quarter-over-quarter to $1.59B.
Based on Appaloosa LP's 13F filing for Q2 2022, filed 15 Aug 2022.