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
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kohl's
KSS
|
+$66.9M |
| 2 |
Occidental Petroleum
OXY
|
+$51.5M |
| 3 |
Micron Technology
MU
|
+$31.8M |
| 4 |
Aptiv
APTV
|
+$22.3M |
| 5 |
Meta Platforms (Facebook)
META
|
+$20.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 22.82% |
| 2 | Energy | 21.05% |
| 3 | Consumer Discretionary | 19.48% |
| 4 | Utilities | 16.08% |
| 5 | Technology | 7.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Constellation Energy
CEG
$98.6B
| $219M | 16.08% |
2,630,000
-70,000
| -3% | -$5.16M |
|
2
Alphabet (Google) Class C
GOOG
$4.19T
| $192M | 14.1% |
1,995,000
-5,000
| -0.3% | -$558K |
|
3
Amazon
AMZN
$2.94T
| $164M | 12.04% |
1,450,000
-50,000
| -3% | -$6.32M |
|
|
4
Meta Platforms (Facebook)
META
$1.53T
| $119M | 8.73% |
875,000
-125,000
| -13% | -$20.3M |
|
5
Energy Transfer Partners
ET
$71.6B
| $113M | 8.27% |
10,203,430
-66,870
| -0.7% | -$745K |
|
6
EQT Corp
EQT
$34B
| $103M | 7.56% |
2,525,000
-325,000
| -11% | -$14.1M |
|
7
Macy's
M
$6.45B
| $94M | 6.91% |
6,000,000
| – | – |
|
8
UnitedHealth
UNH
$365B
| $75.8M | 5.57% |
150,000
| – | – |
|
9
Microsoft
MSFT
$3.74T
| $54.7M | 4.02% |
235,000
-15,000
| -6% | -$3.96M |
|
10
Antero Resources
AR
$11.6B
| $38.2M | 2.81% |
1,250,000
-175,000
| -12% | -$6.46M |
|
|
EXEEZ
11
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $29.1M | 2.14% |
368,000
| – | – |
|
12
Salesforce
CRM
$162B
| $27.3M | 2.01% |
190,000
-10,000
| -5% | -$1.7M |
|
13
Uber
UBER
$160B
| $26.5M | 1.95% |
1,000,000
| – | – |
|
14
Enterprise Products Partners
EPD
$81.8B
| $18.5M | 1.36% |
777,980
| – | – |
|
|
EXEEL
15
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $17.6M | 1.3% |
240,000
| – | – |
|
16
Alerian MLP ETF
AMLP
$13.3B
| $14.8M | 1.09% |
405,000
| – | – |
|
17
Sysco
SYY
$40.3B
| $14.1M | 1.04% |
200,000
-225,000
| -53% | -$18.7M |
|
18
HCA Healthcare
HCA
$89.1B
| $13.8M | 1.01% |
75,000
| – | – |
|
|
EXE
19
Expand Energy Corp
EXE
$22.7B
| $8.48M | 0.62% |
90,000
| – | – |
|
20
Alibaba
BABA
$306B
| $7.2M | 0.53% |
90,000
-10,000
| -10% | -$953K |
|
21
The Mosaic Company
MOS
$7.34B
| $6.04M | 0.44% |
125,000
-125,000
| -50% | -$6.46M |
|
22
MPLX
MPLX
$60.1B
| $5.77M | 0.42% |
192,325
| – | – |
|
|
23
Aptiv
APTV
$10.3B
| – | – |
-250,000
| Closed | -$22.3M |
|
24
Caesars Entertainment
CZR
$6.06B
| – | – |
-150,000
| Closed | -$5.75M |
|
25
Walt Disney
DIS
$179B
| – | – |
-50,000
| Closed | -$4.72M |
|
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David Tepper's Q3 2022 Portfolio in Review
As of Q3 2022, David Tepper held 30 positions worth $1.36B, down 15% from $1.59B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
David Tepper withdrew a net $285M in Q3 2022, closing 8 positions and reducing 12 holdings. Its most notable exit was Kohl's, an estimated $66.9M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 23% of assets, down from 25% a quarter earlier, followed by Energy and Consumer Discretionary.
- David Tepper's biggest Q3 2022 reduction was Meta Platforms (Facebook), cutting an estimated $20.3M.
- David Tepper fully exited Kohl's in Q3 2022, selling an estimated $66.9M.
- David Tepper's ten largest holdings make up 86% of its $1.36B portfolio in Q3 2022.
- David Tepper opened 0 new positions and closed 8 in Q3 2022.
- David Tepper's portfolio value fell 15% quarter-over-quarter to $1.36B.
Based on Appaloosa LP's 13F filing for Q3 2022, filed 14 Nov 2022.