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 |
Uber
UBER
|
+$151M |
| 2 |
FedEx
FDX
|
+$71.1M |
| 3 |
Amazon
AMZN
|
+$48.3M |
| 4 |
NVIDIA
NVDA
|
+$32.5M |
| 5 |
Tesla
TSLA
|
+$26.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Energy
CEG
|
+$25M |
| 2 |
HCA Healthcare
HCA
|
+$10.2M |
| 3 |
Aptiv
APTV
|
+$4.66M |
| 4 |
Salesforce
CRM
|
+$1.69M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 22.08% |
| 2 | Consumer Discretionary | 19.74% |
| 3 | Technology | 19.27% |
| 4 | Energy | 14.65% |
| 5 | Utilities | 8.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.88T
| $219M | 11.59% |
2,110,000
+115,000
| +6% | +$11.1M |
2016 Q1
28 quarters
|
|
|
2
Amazon
AMZN
$2.68T
| $207M | 10.91% |
2,000,000
+500,000
| +33% | +$48.3M |
2019 Q1
16 quarters
|
|
|
3
Uber
UBER
$136B
| $190M | 10.05% |
6,000,000
+4,775,000
| +390% | +$151M |
2021 Q2
7 quarters
|
|
|
4
Constellation Energy
CEG
$89.8B
| $164M | 8.67% |
2,090,000
-308,729
| -13% | -$25M |
2022 Q2
3 quarters
|
|
5
Meta Platforms (Facebook)
META
$1.64T
| $148M | 7.84% |
700,000
+125,000
| +22% | +$21.3M |
2016 Q3
26 quarters
|
|
6
Energy Transfer Partners
ET
$70.4B
| $127M | 6.72% |
10,203,430
| – | – |
2017 Q2
23 quarters
|
|
7
Macy's
M
$6.29B
| $105M | 5.54% |
6,000,000
+50,000
| +0.8% | +$1.06M |
2020 Q4
9 quarters
|
|
8
EQT Corp
EQT
$34.8B
| $81.4M | 4.3% |
2,550,000
| – | – |
2020 Q4
9 quarters
|
|
|
9
FedEx
FDX
$70.7B
| $80M | 4.22% |
+350,000
| New | +$71.1M |
2023 Q1
0 quarters
|
|
10
Microsoft
MSFT
$3.89T
| $75M | 3.96% |
260,000
+25,000
| +11% | +$6.38M |
2020 Q1
12 quarters
|
|
11
UnitedHealth
UNH
$375B
| $70.9M | 3.75% |
150,000
| – | – |
2017 Q1
24 quarters
|
|
|
12
Salesforce
CRM
$205B
| $57.9M | 3.06% |
290,000
-10,000
| -3% | -$1.69M |
2022 Q2
3 quarters
|
|
13
PUT
State Street Financial Select Sector SPDR ETF
XLF
$51.9B
| $42.3M | 2.24% |
+1,316,800
| New | +$45.8M |
2023 Q1
0 quarters
|
|
|
14
NVIDIA
NVDA
$5.09T
| $41.7M | 2.2% |
+1,500,000
| New | +$32.5M |
2023 Q1
0 quarters
|
|
|
15
HCA Healthcare
HCA
$102B
| $37.6M | 1.99% |
142,500
-40,000
| -22% | -$10.2M |
2022 Q2
3 quarters
|
|
|
16
Tesla
TSLA
$1.47T
| $31.1M | 1.64% |
+150,000
| New | +$26.2M |
2023 Q1
0 quarters
|
|
17
Walt Disney
DIS
$194B
| $30M | 1.59% |
300,000
| – | – |
2022 Q4
1 quarter
|
|
18
Antero Resources
AR
$12.3B
| $29.4M | 1.56% |
1,275,000
+25,000
| +2% | +$659K |
2021 Q1
8 quarters
|
|
19
Caesars Entertainment
CZR
$5.87B
| $20.7M | 1.1% |
425,000
| – | – |
2022 Q4
1 quarter
|
|
20
ARK Innovation ETF
ARKK
$6.17B
| $20.2M | 1.07% |
+500,000
| New | +$19.2M |
2023 Q1
0 quarters
|
|
21
Match Group
MTCH
$10.5B
| $20.2M | 1.06% |
+525,000
| New | +$22.9M |
2023 Q1
0 quarters
|
|
22
Expand Energy Corp
EXE
$21.6B
| $19.2M | 1.02% |
253,055
| – | – |
2021 Q1
8 quarters
|
|
|
EXEEZ
23
DELISTED
Expand Energy Corp Class B Warrants
EXEEZ
| $16M | 0.84% |
250,000
| – | – |
2021 Q1
8 quarters
|
|
24
Enterprise Products Partners
EPD
$80.1B
| $13.4M | 0.71% |
517,980
| – | – |
2020 Q4
9 quarters
|
|
25
Sysco
SYY
$40B
| $11.6M | 0.61% |
150,000
| – | – |
2020 Q2
11 quarters
|
|
Similar funds
David Tepper's Q1 2023 Portfolio in Review
As of Q1 2023, David Tepper held 30 positions worth $1.89B, up 40% from $1.35B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
David Tepper deployed $371M of net new capital in Q1 2023, opening 6 new positions and adding to 7 existing holdings. Its largest new stake was FedEx: 350,000 shares worth $80M.
By sector, the portfolio is most concentrated in Communication Services at 22% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Constellation Energy, an estimated $25M trimmed.
- David Tepper's largest Q1 2023 buy was FedEx: 350,000 shares worth $80M.
- David Tepper added most to Uber in Q1 2023, an estimated $151M increase.
- David Tepper's biggest Q1 2023 reduction was Constellation Energy, cutting an estimated $25M.
- David Tepper fully exited Aptiv in Q1 2023, selling an estimated $4.66M.
- David Tepper's ten largest holdings make up 74% of its $1.89B portfolio in Q1 2023.
- David Tepper opened 6 new positions and closed 1 in Q1 2023.
- David Tepper's portfolio value rose 40% quarter-over-quarter to $1.89B.
Based on Appaloosa LP's 13F filing for Q1 2023, filed 15 May 2023.