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 |
Alibaba
BABA
|
+$383M |
| 2 |
Microsoft
MSFT
|
+$307M |
| 3 |
NVIDIA
NVDA
|
+$289M |
| 4 |
Advanced Micro Devices
AMD
|
+$240M |
| 5 |
Intel
INTC
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Energy
CEG
|
+$132M |
| 2 |
Salesforce
CRM
|
+$57.9M |
| 3 |
HCA Healthcare
HCA
|
+$37.6M |
| 4 |
Tesla
TSLA
|
+$31.1M |
| 5 |
Walt Disney
DIS
|
+$30M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 50.56% |
| 2 | Consumer Discretionary | 19.38% |
| 3 | Communication Services | 16.43% |
| 4 | Energy | 5.92% |
| 5 | Industrials | 2.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.27T
| $431M | 8.01% |
10,200,000
+8,700,000
| +580% | +$289M |
|
2
Meta Platforms (Facebook)
META
$1.53T
| $431M | 8% |
1,502,500
+802,500
| +115% | +$198M |
|
|
3
Microsoft
MSFT
$3.74T
| $422M | 7.84% |
1,240,000
+980,000
| +377% | +$307M |
|
4
Amazon
AMZN
$2.94T
| $412M | 7.65% |
3,162,500
+1,162,500
| +58% | +$133M |
|
|
5
Alibaba
BABA
$306B
| $373M | 6.92% |
4,475,000
+4,375,000
| +4,375% | +$383M |
|
6
Uber
UBER
$160B
| $309M | 5.73% |
7,150,000
+1,150,000
| +19% | +$42.7M |
|
7
Alphabet (Google) Class C
GOOG
$4.19T
| $279M | 5.19% |
2,310,000
+200,000
| +9% | +$23.2M |
|
|
8
Advanced Micro Devices
AMD
$774B
| $263M | 4.88% |
+2,310,000
| New | +$240M |
|
|
9
Intel
INTC
$493B
| $227M | 4.2% |
+6,775,000
| New | +$213M |
|
10
Qualcomm
QCOM
$171B
| $220M | 4.09% |
+1,850,000
| New | +$213M |
|
11
TSMC
TSM
$2.19T
| $179M | 3.32% |
+1,775,000
| New | +$165M |
|
12
Baidu
BIDU
$35.9B
| $175M | 3.24% |
+1,275,000
| New | +$167M |
|
13
FedEx
FDX
$76.3B
| $161M | 2.99% |
650,000
+300,000
| +86% | +$68.7M |
|
14
Energy Transfer Partners
ET
$71.6B
| $124M | 2.31% |
9,781,876
-421,554
| -4% | -$5.34M |
|
15
Marvell Technology
MRVL
$191B
| $105M | 1.94% |
+1,750,000
| New | +$85M |
|
16
Broadcom
AVGO
$1.98T
| $104M | 1.93% |
+1,200,000
| New | +$85.6M |
|
17
UnitedHealth
UNH
$365B
| $96.1M | 1.78% |
200,000
+50,000
| +33% | +$24.4M |
|
18
Apple
AAPL
$4.45T
| $93.1M | 1.73% |
+480,000
| New | +$83.6M |
|
19
Micron Technology
MU
$981B
| $88.4M | 1.64% |
+1,400,000
| New | +$90M |
|
20
EQT Corp
EQT
$34B
| $84.7M | 1.57% |
2,060,000
-490,000
| -19% | -$17.3M |
|
21
Macy's
M
$6.45B
| $80.3M | 1.49% |
5,000,000
-1,000,000
| -17% | -$16M |
|
22
Lam Research
LRCX
$390B
| $77.1M | 1.43% |
+1,200,000
| New | +$67.6M |
|
23
JD.com
JD
$43.1B
| $64M | 1.19% |
+1,875,000
| New | +$68.2M |
|
24
Synopsys
SNPS
$78.7B
| $63.1M | 1.17% |
+145,000
| New | +$58.4M |
|
25
Caesars Entertainment
CZR
$6.06B
| $62.9M | 1.17% |
1,235,000
+810,000
| +191% | +$36.8M |
|
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David Tepper's Q2 2023 Portfolio in Review
As of Q2 2023, David Tepper held 48 positions worth $5.39B, up 185% from $1.89B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
David Tepper deployed $2.92B of net new capital in Q2 2023, opening 19 new positions and adding to 11 existing holdings. Its largest new stake was Advanced Micro Devices: 2,310,000 shares worth $263M.
By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Constellation Energy, an estimated $132M trimmed.
- David Tepper's largest Q2 2023 buy was Advanced Micro Devices: 2,310,000 shares worth $263M.
- David Tepper added most to Alibaba in Q2 2023, an estimated $383M increase.
- David Tepper's biggest Q2 2023 reduction was Constellation Energy, cutting an estimated $132M.
- David Tepper fully exited Salesforce in Q2 2023, selling an estimated $57.9M.
- David Tepper's ten largest holdings make up 62% of its $5.39B portfolio in Q2 2023.
- David Tepper opened 19 new positions and closed 9 in Q2 2023.
- David Tepper's portfolio value rose 185% quarter-over-quarter to $5.39B.
Based on Appaloosa LP's 13F filing for Q2 2023, filed 14 Aug 2023.