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 | |
|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.53T
| $655M | 11.31% |
1,850,000
-100,000
| -5% | -$32.6M |
|
2
Microsoft
MSFT
$3.74T
| $639M | 11.04% |
1,700,000
+65,000
| +4% | +$23.1M |
|
3
Amazon
AMZN
$2.94T
| $600M | 10.36% |
3,950,000
+200,000
| +5% | +$28M |
|
|
4
NVIDIA
NVDA
$5.27T
| $391M | 6.76% |
7,900,000
-2,350,000
| -23% | -$109M |
|
|
5
Uber
UBER
$160B
| $369M | 6.38% |
6,000,000
-1,250,000
| -17% | -$65.4M |
|
|
6
Alibaba
BABA
$306B
| $337M | 5.82% |
4,350,000
+750,000
| +21% | +$59.8M |
|
|
7
Alphabet (Google) Class C
GOOG
$4.19T
| $324M | 5.6% |
2,300,000
-450,000
| -16% | -$61.1M |
|
8
Advanced Micro Devices
AMD
$774B
| $296M | 5.12% |
2,010,000
-265,000
| -12% | -$31.2M |
|
|
9
Intel
INTC
$493B
| $231M | 3.99% |
4,600,000
-1,650,000
| -26% | -$67M |
|
10
FedEx
FDX
$76.3B
| $164M | 2.84% |
650,000
| – | – |
|
11
Qualcomm
QCOM
$171B
| $145M | 2.5% |
1,000,000
-300,000
| -23% | -$37.2M |
|
|
12
Oracle
ORCL
$419B
| $140M | 2.41% |
+1,325,000
| New | +$145M |
|
13
Energy Transfer Partners
ET
$71.6B
| $135M | 2.33% |
9,781,876
| – | – |
|
14
CALL
ARK Innovation ETF
ARKK
$6.38B
| $134M | 2.31% |
+2,550,000
| New | +$110M |
|
|
15
Pinduoduo
PDD
$129B
| $113M | 1.96% |
775,000
-625,000
| -45% | -$75.8M |
|
|
16
Caesars Entertainment
CZR
$6.06B
| $105M | 1.82% |
2,250,000
+725,000
| +48% | +$32.2M |
|
17
UnitedHealth
UNH
$365B
| $105M | 1.82% |
200,000
| – | – |
|
18
Micron Technology
MU
$981B
| $104M | 1.79% |
1,215,000
-185,000
| -13% | -$13.7M |
|
19
Lam Research
LRCX
$390B
| $92.4M | 1.6% |
1,180,000
-20,000
| -2% | -$1.36M |
|
20
Macy's
M
$6.45B
| $89.5M | 1.55% |
4,450,000
-550,000
| -11% | -$7.96M |
|
21
EQT Corp
EQT
$34B
| $79.6M | 1.38% |
2,060,000
| – | – |
|
|
22
United Parcel Service
UPS
$88.8B
| $78.6M | 1.36% |
+500,000
| New | +$75.6M |
|
23
Baidu
BIDU
$35.9B
| $74.4M | 1.29% |
625,000
-40,000
| -6% | -$4.62M |
|
24
ASML
ASML
$691B
| $60.6M | 1.05% |
80,000
| – | – |
|
25
TSMC
TSM
$2.19T
| $52M | 0.9% |
500,000
-500,000
| -50% | -$47.7M |
|
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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's Q4 2023 filing shows 11 new, 6 increased, 14 reduced and 3 closed positions. Its largest new stake was Oracle: 1,325,000 shares worth $140M. The largest sale was NVIDIA, an estimated $109M.
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.
- 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.