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 |
Walt Disney
DIS
|
+$28.7M |
| 2 |
HCA Healthcare
HCA
|
+$24.1M |
| 3 |
Caesars Entertainment
CZR
|
+$18.9M |
| 4 |
Expand Energy Corp
EXE
|
+$16.2M |
| 5 |
Salesforce
CRM
|
+$16.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$35.2M |
| 2 |
Constellation Energy
CEG
|
+$20.8M |
| 3 |
EXEEZ
Expand Energy Corp Class B Warrants
EXEEZ
|
+$9.9M |
| 4 |
Alerian MLP ETF
AMLP
|
+$7.9M |
| 5 |
EXEEL
Expand Energy Corp Class C Warrants
EXEEL
|
+$7.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 21.42% |
| 2 | Consumer Discretionary | 20.77% |
| 3 | Communication Services | 20.2% |
| 4 | Utilities | 15.34% |
| 5 | Technology | 9.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Constellation Energy
CEG
$90.4B
| $207M | 15.34% |
2,398,729
-231,271
| -9% | -$20.8M |
2022 Q2
2 quarters
|
|
2
Alphabet (Google) Class C
GOOG
$3.92T
| $177M | 13.13% |
1,995,000
| – | – |
2016 Q1
27 quarters
|
|
3
Amazon
AMZN
$2.7T
| $126M | 9.35% |
1,500,000
+50,000
| +3% | +$4.94M |
2019 Q1
15 quarters
|
|
4
Macy's
M
$6.31B
| $123M | 9.11% |
5,950,000
-50,000
| -0.8% | -$1.02M |
2020 Q4
8 quarters
|
|
5
Energy Transfer Partners
ET
$69B
| $121M | 8.98% |
10,203,430
| – | – |
2017 Q2
22 quarters
|
|
6
EQT Corp
EQT
$34.2B
| $86.3M | 6.4% |
2,550,000
+25,000
| +1% | +$1M |
2020 Q4
8 quarters
|
|
7
UnitedHealth
UNH
$381B
| $79.5M | 5.9% |
150,000
| – | – |
2017 Q1
23 quarters
|
|
|
8
Meta Platforms (Facebook)
META
$1.65T
| $69.2M | 5.13% |
575,000
-300,000
| -34% | -$35.2M |
2016 Q3
25 quarters
|
|
9
Microsoft
MSFT
$3.87T
| $56.4M | 4.18% |
235,000
| – | – |
2020 Q1
11 quarters
|
|
|
10
HCA Healthcare
HCA
$101B
| $43.8M | 3.25% |
182,500
+107,500
| +143% | +$24.1M |
2022 Q2
2 quarters
|
|
|
11
Salesforce
CRM
$206B
| $39.8M | 2.95% |
300,000
+110,000
| +58% | +$16.1M |
2022 Q2
2 quarters
|
|
12
Antero Resources
AR
$12B
| $38.7M | 2.87% |
1,250,000
| – | – |
2021 Q1
7 quarters
|
|
13
Uber
UBER
$141B
| $30.3M | 2.25% |
1,225,000
+225,000
| +23% | +$6.16M |
2021 Q2
6 quarters
|
|
|
14
Walt Disney
DIS
$195B
| $26.1M | 1.93% |
+300,000
| New | +$28.7M |
2022 Q4
0 quarters
|
|
|
15
Expand Energy Corp
EXE
$21.5B
| $23.9M | 1.77% |
253,055
+163,055
| +181% | +$16.2M |
2021 Q1
7 quarters
|
|
|
EXEEZ
16
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $19.6M | 1.46% |
250,000
-118,000
| -32% | -$9.9M |
2021 Q1
7 quarters
|
|
|
17
Caesars Entertainment
CZR
$5.92B
| $17.7M | 1.31% |
+425,000
| New | +$18.9M |
2022 Q4
0 quarters
|
|
18
Enterprise Products Partners
EPD
$78.9B
| $12.5M | 0.93% |
517,980
-260,000
| -33% | -$6.4M |
2020 Q4
8 quarters
|
|
|
EXEEL
19
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $11.6M | 0.86% |
150,000
-90,000
| -38% | -$7.3M |
2021 Q1
7 quarters
|
|
20
Sysco
SYY
$41.3B
| $11.5M | 0.85% |
150,000
-50,000
| -25% | -$4.04M |
2020 Q2
10 quarters
|
|
21
Alibaba
BABA
$253B
| $8.81M | 0.65% |
100,000
+10,000
| +11% | +$788K |
2022 Q2
2 quarters
|
|
|
22
Alerian MLP ETF
AMLP
$12.6B
| $7.77M | 0.58% |
204,000
-201,000
| -50% | -$7.9M |
2018 Q4
16 quarters
|
|
23
MPLX
MPLX
$59B
| $6.32M | 0.47% |
192,325
| – | – |
2020 Q4
8 quarters
|
|
24
Aptiv
APTV
$9.1B
| $4.66M | 0.35% |
+50,000
| New | +$4.75M |
2022 Q4
0 quarters
|
|
25
The Mosaic Company
MOS
$5.49B
| – | – |
-125,000
| Closed | -$6.04M | – |
|
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David Tepper's Q4 2022 Portfolio in Review
As of Q4 2022, David Tepper held 25 positions worth $1.35B, down 0.91% from $1.36B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
David Tepper's Q4 2022 filing shows 3 new, 7 increased, 8 reduced and 1 closed positions. Its largest new stake was Walt Disney: 300,000 shares worth $26.1M. The largest sale was Meta Platforms (Facebook), an estimated $35.2M.
By sector, the portfolio is most concentrated in Energy at 21% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- David Tepper's largest Q4 2022 buy was Walt Disney: 300,000 shares worth $26.1M.
- David Tepper added most to HCA Healthcare in Q4 2022, an estimated $24.1M increase.
- David Tepper's biggest Q4 2022 reduction was Meta Platforms (Facebook), cutting an estimated $35.2M.
- David Tepper fully exited The Mosaic Company in Q4 2022, selling an estimated $6.04M.
- David Tepper's ten largest holdings make up 81% of its $1.35B portfolio in Q4 2022.
- David Tepper opened 3 new positions and closed 1 in Q4 2022.
- David Tepper's portfolio value fell 0.91% quarter-over-quarter to $1.35B.
Based on Appaloosa LP's 13F filing for Q4 2022, filed 14 Feb 2023.