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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
Constellation Energy
CEG
$95.9B
| $219M | 16.08% |
2,630,000
-70,000
| -3% | -$5.16M |
2022 Q2
1 quarter
|
|
2
Alphabet (Google) Class C
GOOG
$4.05T
| $192M | 14.1% |
1,995,000
-5,000
| -0.3% | -$558K |
2016 Q1
26 quarters
|
|
3
Amazon
AMZN
$2.83T
| $164M | 12.04% |
1,450,000
-50,000
| -3% | -$6.32M |
2019 Q1
14 quarters
|
|
|
4
Meta Platforms (Facebook)
META
$1.78T
| $119M | 8.73% |
875,000
-125,000
| -13% | -$20.3M |
2016 Q3
24 quarters
|
|
5
Energy Transfer Partners
ET
$69.3B
| $113M | 8.27% |
10,203,430
-66,870
| -0.7% | -$745K |
2017 Q2
21 quarters
|
|
6
EQT Corp
EQT
$33.8B
| $103M | 7.56% |
2,525,000
-325,000
| -11% | -$14.1M |
2020 Q4
7 quarters
|
|
7
Macy's
M
$6.12B
| $94M | 6.91% |
6,000,000
| – | – |
2020 Q4
7 quarters
|
|
8
UnitedHealth
UNH
$374B
| $75.8M | 5.57% |
150,000
| – | – |
2017 Q1
22 quarters
|
|
9
Microsoft
MSFT
$3.96T
| $54.7M | 4.02% |
235,000
-15,000
| -6% | -$3.96M |
2020 Q1
10 quarters
|
|
10
Antero Resources
AR
$11.8B
| $38.2M | 2.81% |
1,250,000
-175,000
| -12% | -$6.46M |
2021 Q1
6 quarters
|
|
|
EXEEZ
11
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $29.1M | 2.14% |
368,000
| – | – |
2021 Q1
6 quarters
|
|
12
Salesforce
CRM
$199B
| $27.3M | 2.01% |
190,000
-10,000
| -5% | -$1.7M |
2022 Q2
1 quarter
|
|
13
Uber
UBER
$138B
| $26.5M | 1.95% |
1,000,000
| – | – |
2021 Q2
5 quarters
|
|
14
Enterprise Products Partners
EPD
$79B
| $18.5M | 1.36% |
777,980
| – | – |
2020 Q4
7 quarters
|
|
|
EXEEL
15
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $17.6M | 1.3% |
240,000
| – | – |
2021 Q1
6 quarters
|
|
16
Alerian MLP ETF
AMLP
$12.7B
| $14.8M | 1.09% |
405,000
| – | – |
2018 Q4
15 quarters
|
|
17
Sysco
SYY
$40.4B
| $14.1M | 1.04% |
200,000
-225,000
| -53% | -$18.7M |
2020 Q2
9 quarters
|
|
18
HCA Healthcare
HCA
$99.5B
| $13.8M | 1.01% |
75,000
| – | – |
2022 Q2
1 quarter
|
|
19
Expand Energy Corp
EXE
$21.5B
| $8.48M | 0.62% |
90,000
| – | – |
2021 Q1
6 quarters
|
|
20
Alibaba
BABA
$260B
| $7.2M | 0.53% |
90,000
-10,000
| -10% | -$953K |
2022 Q2
1 quarter
|
|
21
The Mosaic Company
MOS
$5.62B
| $6.04M | 0.44% |
125,000
-125,000
| -50% | -$6.46M |
2021 Q1
6 quarters
|
|
22
MPLX
MPLX
$59.2B
| $5.77M | 0.42% |
192,325
| – | – |
2020 Q4
7 quarters
|
|
|
23
Aptiv
APTV
$9.21B
| – | – |
-250,000
| Closed | -$22.3M | – |
|
24
Caesars Entertainment
CZR
$5.89B
| – | – |
-150,000
| Closed | -$5.74M | – |
|
25
Walt Disney
DIS
$193B
| – | – |
-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.