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 |
EXE
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
|
+$9.93M |
| 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 | |
|---|---|---|---|---|---|---|
|
1
Constellation Energy
CEG
$98.6B
| $207M | 15.34% |
2,398,729
-231,271
| -9% | -$20.8M |
|
2
Alphabet (Google) Class C
GOOG
$4.19T
| $177M | 13.13% |
1,995,000
| – | – |
|
3
Amazon
AMZN
$2.94T
| $126M | 9.35% |
1,500,000
+50,000
| +3% | +$4.94M |
|
4
Macy's
M
$6.45B
| $123M | 9.11% |
5,950,000
-50,000
| -0.8% | -$1.02M |
|
5
Energy Transfer Partners
ET
$71.6B
| $121M | 8.98% |
10,203,430
| – | – |
|
6
EQT Corp
EQT
$34B
| $86.3M | 6.4% |
2,550,000
+25,000
| +1% | +$1M |
|
7
UnitedHealth
UNH
$365B
| $79.5M | 5.9% |
150,000
| – | – |
|
|
8
Meta Platforms (Facebook)
META
$1.53T
| $69.2M | 5.13% |
575,000
-300,000
| -34% | -$35.2M |
|
9
Microsoft
MSFT
$3.74T
| $56.4M | 4.18% |
235,000
| – | – |
|
|
10
HCA Healthcare
HCA
$89.1B
| $43.8M | 3.25% |
182,500
+107,500
| +143% | +$24.1M |
|
|
11
Salesforce
CRM
$162B
| $39.8M | 2.95% |
300,000
+110,000
| +58% | +$16.1M |
|
12
Antero Resources
AR
$11.6B
| $38.7M | 2.87% |
1,250,000
| – | – |
|
13
Uber
UBER
$160B
| $30.3M | 2.25% |
1,225,000
+225,000
| +23% | +$6.16M |
|
|
14
Walt Disney
DIS
$179B
| $26.1M | 1.93% |
+300,000
| New | +$28.7M |
|
|
EXE
15
Expand Energy Corp
EXE
$22.7B
| $23.9M | 1.77% |
253,055
+163,055
| +181% | +$16.2M |
|
|
EXEEZ
16
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $19.6M | 1.46% |
250,000
-118,000
| -32% | -$9.93M |
|
|
17
Caesars Entertainment
CZR
$6.06B
| $17.7M | 1.31% |
+425,000
| New | +$18.9M |
|
18
Enterprise Products Partners
EPD
$81.8B
| $12.5M | 0.93% |
517,980
-260,000
| -33% | -$6.4M |
|
|
EXEEL
19
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $11.6M | 0.86% |
150,000
-90,000
| -38% | -$7.3M |
|
20
Sysco
SYY
$40.3B
| $11.5M | 0.85% |
150,000
-50,000
| -25% | -$4.04M |
|
21
Alibaba
BABA
$306B
| $8.81M | 0.65% |
100,000
+10,000
| +11% | +$788K |
|
|
22
Alerian MLP ETF
AMLP
$13.3B
| $7.77M | 0.58% |
204,000
-201,000
| -50% | -$7.9M |
|
23
MPLX
MPLX
$60.1B
| $6.32M | 0.47% |
192,325
| – | – |
|
24
Aptiv
APTV
$10.3B
| $4.66M | 0.35% |
+50,000
| New | +$4.75M |
|
25
The Mosaic Company
MOS
$7.34B
| – | – |
-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.