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 |
Oracle
ORCL
|
+$145M |
| 2 |
United Parcel Service
UPS
|
+$75.6M |
| 3 |
Alibaba
BABA
|
+$59.8M |
| 4 |
Caesars Entertainment
CZR
|
+$32.2M |
| 5 |
HCA Healthcare
HCA
|
+$29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$109M |
| 2 |
Pinduoduo
PDD
|
+$75.8M |
| 3 |
Intel
INTC
|
+$67M |
| 4 |
Uber
UBER
|
+$65.4M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$61.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 43.52% |
| 2 | Consumer Discretionary | 22.04% |
| 3 | Communication Services | 18.19% |
| 4 | Energy | 5.72% |
| 5 | Industrials | 4.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.64T
| $655M | 11.31% |
1,850,000
-100,000
| -5% | -$32.6M |
2016 Q3
29 quarters
|
|
2
Microsoft
MSFT
$3.89T
| $639M | 11.04% |
1,700,000
+65,000
| +4% | +$23.1M |
2020 Q1
15 quarters
|
|
3
Amazon
AMZN
$2.68T
| $600M | 10.36% |
3,950,000
+200,000
| +5% | +$28M |
2019 Q1
19 quarters
|
|
|
4
NVIDIA
NVDA
$5.09T
| $391M | 6.76% |
7,900,000
-2,350,000
| -23% | -$109M |
2023 Q1
3 quarters
|
|
|
5
Uber
UBER
$136B
| $369M | 6.38% |
6,000,000
-1,250,000
| -17% | -$65.4M |
2021 Q2
10 quarters
|
|
|
6
Alibaba
BABA
$248B
| $337M | 5.82% |
4,350,000
+750,000
| +21% | +$59.8M |
2022 Q2
6 quarters
|
|
|
7
Alphabet (Google) Class C
GOOG
$3.88T
| $324M | 5.6% |
2,300,000
-450,000
| -16% | -$61.1M |
2016 Q1
31 quarters
|
|
8
Advanced Micro Devices
AMD
$844B
| $296M | 5.12% |
2,010,000
-265,000
| -12% | -$31.2M |
2023 Q2
2 quarters
|
|
|
9
Intel
INTC
$460B
| $231M | 3.99% |
4,600,000
-1,650,000
| -26% | -$67M |
2023 Q2
2 quarters
|
|
10
FedEx
FDX
$70.7B
| $164M | 2.84% |
650,000
| – | – |
2023 Q1
3 quarters
|
|
11
Qualcomm
QCOM
$188B
| $145M | 2.5% |
1,000,000
-300,000
| -23% | -$37.2M |
2023 Q2
2 quarters
|
|
|
12
Oracle
ORCL
$382B
| $140M | 2.41% |
+1,325,000
| New | +$145M |
2023 Q4
0 quarters
|
|
13
Energy Transfer Partners
ET
$70.4B
| $135M | 2.33% |
9,781,876
| – | – |
2017 Q2
26 quarters
|
|
14
CALL
ARK Innovation ETF
ARKK
$6.17B
| $134M | 2.31% |
+2,550,000
| New | +$110M |
2023 Q4
0 quarters
|
|
|
15
Pinduoduo
PDD
$113B
| $113M | 1.96% |
775,000
-625,000
| -45% | -$75.8M |
2023 Q2
2 quarters
|
|
|
16
Caesars Entertainment
CZR
$5.87B
| $105M | 1.82% |
2,250,000
+725,000
| +48% | +$32.2M |
2022 Q4
4 quarters
|
|
17
UnitedHealth
UNH
$375B
| $105M | 1.82% |
200,000
| – | – |
2017 Q1
27 quarters
|
|
18
Micron Technology
MU
$993B
| $104M | 1.79% |
1,215,000
-185,000
| -13% | -$13.7M |
2023 Q2
2 quarters
|
|
19
Lam Research
LRCX
$288B
| $92.4M | 1.6% |
1,180,000
-20,000
| -2% | -$1.36M |
2023 Q2
2 quarters
|
|
20
Macy's
M
$6.29B
| $89.5M | 1.55% |
4,450,000
-550,000
| -11% | -$7.96M |
2020 Q4
12 quarters
|
|
21
EQT Corp
EQT
$34.8B
| $79.6M | 1.38% |
2,060,000
| – | – |
2020 Q4
12 quarters
|
|
|
22
United Parcel Service
UPS
$86B
| $78.6M | 1.36% |
+500,000
| New | +$75.6M |
2023 Q4
0 quarters
|
|
23
Baidu
BIDU
$26.3B
| $74.4M | 1.29% |
625,000
-40,000
| -6% | -$4.62M |
2023 Q2
2 quarters
|
|
24
ASML
ASML
$606B
| $60.6M | 1.05% |
80,000
| – | – |
2023 Q2
2 quarters
|
|
25
TSMC
TSM
$2.17T
| $52M | 0.9% |
500,000
-500,000
| -50% | -$47.7M |
2023 Q2
2 quarters
|
|
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David Tepper's Q4 2023 Portfolio in Review
As of Q4 2023, David Tepper held 43 positions worth $5.79B, up 14% from $5.07B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
David Tepper withdrew a net $197M in Q4 2023, closing 3 positions and reducing 14 holdings. Its most notable exit was JD.com, an estimated $48.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 44% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, David Tepper opened a new position in Oracle worth $140M.
- David Tepper's largest Q4 2023 buy was Oracle: 1,325,000 shares worth $140M.
- David Tepper added most to Alibaba in Q4 2023, an estimated $59.8M increase.
- David Tepper's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $109M.
- David Tepper fully exited JD.com in Q4 2023, selling an estimated $48.8M.
- David Tepper's ten largest holdings make up 69% of its $5.79B portfolio in Q4 2023.
- David Tepper opened 11 new positions and closed 3 in Q4 2023.
- David Tepper's portfolio value rose 14% quarter-over-quarter to $5.79B.
Based on Appaloosa LP's 13F filing for Q4 2023, filed 14 Feb 2024.