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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.24T
| $431M | 8.01% |
10,200,000
+8,700,000
| +580% | +$289M |
2023 Q1
1 quarter
|
|
2
Meta Platforms (Facebook)
META
$1.76T
| $431M | 8% |
1,502,500
+802,500
| +115% | +$198M |
2016 Q3
27 quarters
|
|
|
3
Microsoft
MSFT
$3.96T
| $422M | 7.84% |
1,240,000
+980,000
| +377% | +$307M |
2020 Q1
13 quarters
|
|
4
Amazon
AMZN
$2.83T
| $412M | 7.65% |
3,162,500
+1,162,500
| +58% | +$133M |
2019 Q1
17 quarters
|
|
|
5
Alibaba
BABA
$272B
| $373M | 6.92% |
4,475,000
+4,375,000
| +4,375% | +$383M |
2022 Q2
4 quarters
|
|
6
Uber
UBER
$141B
| $309M | 5.73% |
7,150,000
+1,150,000
| +19% | +$42.7M |
2021 Q2
8 quarters
|
|
7
Alphabet (Google) Class C
GOOG
$4.12T
| $279M | 5.19% |
2,310,000
+200,000
| +9% | +$23.2M |
2016 Q1
29 quarters
|
|
|
8
Advanced Micro Devices
AMD
$884B
| $263M | 4.88% |
+2,310,000
| New | +$240M |
2023 Q2
0 quarters
|
|
|
9
Intel
INTC
$489B
| $227M | 4.2% |
+6,775,000
| New | +$213M |
2023 Q2
0 quarters
|
|
10
Qualcomm
QCOM
$188B
| $220M | 4.09% |
+1,850,000
| New | +$213M |
2023 Q2
0 quarters
|
|
11
TSMC
TSM
$2.22T
| $179M | 3.32% |
+1,775,000
| New | +$165M |
2023 Q2
0 quarters
|
|
12
Baidu
BIDU
$27.5B
| $175M | 3.24% |
+1,275,000
| New | +$167M |
2023 Q2
0 quarters
|
|
13
FedEx
FDX
$71.2B
| $161M | 2.99% |
650,000
+300,000
| +86% | +$68.7M |
2023 Q1
1 quarter
|
|
14
Energy Transfer Partners
ET
$69.3B
| $124M | 2.31% |
9,781,876
-421,554
| -4% | -$5.34M |
2017 Q2
24 quarters
|
|
15
Marvell Technology
MRVL
$218B
| $105M | 1.94% |
+1,750,000
| New | +$85M |
2023 Q2
0 quarters
|
|
16
Broadcom
AVGO
$1.6T
| $104M | 1.93% |
+1,200,000
| New | +$85.6M |
2023 Q2
0 quarters
|
|
17
UnitedHealth
UNH
$377B
| $96.1M | 1.78% |
200,000
+50,000
| +33% | +$24.4M |
2017 Q1
25 quarters
|
|
18
Apple
AAPL
$4.96T
| $93.1M | 1.73% |
+480,000
| New | +$83.6M |
2023 Q2
0 quarters
|
|
19
Micron Technology
MU
$1.03T
| $88.4M | 1.64% |
+1,400,000
| New | +$90M |
2023 Q2
0 quarters
|
|
20
EQT Corp
EQT
$34.3B
| $84.7M | 1.57% |
2,060,000
-490,000
| -19% | -$17.3M |
2020 Q4
10 quarters
|
|
21
Macy's
M
$6.12B
| $80.2M | 1.49% |
5,000,000
-1,000,000
| -17% | -$16M |
2020 Q4
10 quarters
|
|
22
Lam Research
LRCX
$332B
| $77.1M | 1.43% |
+1,200,000
| New | +$67.6M |
2023 Q2
0 quarters
|
|
23
JD.com
JD
$36.1B
| $64M | 1.19% |
+1,875,000
| New | +$68.2M |
2023 Q2
0 quarters
|
|
24
Synopsys
SNPS
$85.8B
| $63.1M | 1.17% |
+145,000
| New | +$58.4M |
2023 Q2
0 quarters
|
|
25
Caesars Entertainment
CZR
$5.92B
| $62.9M | 1.17% |
1,235,000
+810,000
| +191% | +$36.8M |
2022 Q4
2 quarters
|
|
Similar funds
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 $2.96B 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.