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David Tepper Appaloosa LP
AUM
$7.73B
Turnover
51.28%
1-Year Est. Return
104.51%
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.
This Fund
S&P 500
This Quarter Est. Return
+13.8%
1 Year Est. Return
+104.51%
3 Year Est. Return
+293.4%
5 Year Est. Return
+473.86%
10 Year Est. Return
+1,594.48%
AUM
$6.75B
AUM Growth
+$964M
(+17%)
Cap. Flow
+$136M
Cap. Flow % of AUM
Cap. Flow %
2.01%
Top 10 Holdings %
Top 10 Hldgs %
64.7%
Holding
47
New
7
Increased
6
Reduced
13
Closed
8
Avg Time Held
Equity + Options
2
years
Top 10 Avg Time Held
Equity + Options
2.5
years
Top 20 Avg Time Held
Equity + Options
1.9
years
Avg Time Held Equity only
2
years
Top 10 Avg Time Held Equity only
2.5
years
Top 20 Avg Time Held Equity only
1.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$505M |
| 2 |
Adobe
ADBE
|
+$201M |
| 3 |
Pinduoduo
PDD
|
+$174M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$147M |
| 5 |
Baidu
BIDU
|
+$125M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$333M |
| 2 |
Meta Platforms (Facebook)
META
|
+$325M |
| 3 |
NVIDIA
NVDA
|
+$252M |
| 4 |
Microsoft
MSFT
|
+$121M |
| 5 |
Advanced Micro Devices
AMD
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.43% |
| 2 | Consumer Discretionary | 29.27% |
| 3 | Communication Services | 15.55% |
| 4 | Energy | 5.21% |
| 5 | Miscellaneous | 5.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$248B
| $814M | 12.05% |
11,250,000
+6,900,000
| +159% | +$505M |
2022 Q2
7 quarters
|
|
2
Amazon
AMZN
$2.68T
| $690M | 10.22% |
3,828,000
-122,000
| -3% | -$20.4M |
2019 Q1
20 quarters
|
|
|
3
Microsoft
MSFT
$3.89T
| $589M | 8.72% |
1,400,000
-300,000
| -18% | -$121M |
2020 Q1
16 quarters
|
|
|
4
Meta Platforms (Facebook)
META
$1.64T
| $545M | 8.07% |
1,122,500
-727,500
| -39% | -$325M |
2016 Q3
30 quarters
|
|
|
5
NVIDIA
NVDA
$5.09T
| $399M | 5.91% |
4,420,000
-3,480,000
| -44% | -$252M |
2023 Q1
4 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$3.88T
| $316M | 4.68% |
2,075,000
-225,000
| -10% | -$32.5M |
2016 Q1
32 quarters
|
|
|
7
Advanced Micro Devices
AMD
$844B
| $294M | 4.36% |
1,630,000
-380,000
| -19% | -$66.4M |
2023 Q2
3 quarters
|
|
8
Oracle
ORCL
$382B
| $289M | 4.28% |
2,300,000
+975,000
| +74% | +$112M |
2023 Q4
1 quarter
|
|
|
9
Pinduoduo
PDD
$113B
| $244M | 3.61% |
2,100,000
+1,325,000
| +171% | +$174M |
2023 Q2
3 quarters
|
|
|
10
Baidu
BIDU
$26.3B
| $190M | 2.81% |
1,800,000
+1,175,000
| +188% | +$125M |
2023 Q2
3 quarters
|
|
|
11
Adobe
ADBE
$103B
| $177M | 2.61% |
+350,000
| New | +$201M |
2024 Q1
0 quarters
|
|
12
FedEx
FDX
$70.7B
| $174M | 2.57% |
600,000
-50,000
| -8% | -$12.5M |
2023 Q1
4 quarters
|
|
13
Qualcomm
QCOM
$188B
| $168M | 2.48% |
990,000
-10,000
| -1% | -$1.55M |
2023 Q2
3 quarters
|
|
14
Intel
INTC
$460B
| $166M | 2.45% |
3,750,000
-850,000
| -18% | -$37.9M |
2023 Q2
3 quarters
|
|
|
15
iShares China Large-Cap ETF
FXI
$3.72B
| $153M | 2.27% |
+6,375,000
| New | +$147M |
2024 Q1
0 quarters
|
|
16
Micron Technology
MU
$993B
| $143M | 2.12% |
1,215,000
| – | – |
2023 Q2
3 quarters
|
|
17
Energy Transfer Partners
ET
$70.4B
| $136M | 2.01% |
8,644,428
-1,137,448
| -12% | -$16.6M |
2017 Q2
27 quarters
|
|
18
Lam Research
LRCX
$288B
| $112M | 1.65% |
1,150,000
-30,000
| -3% | -$2.64M |
2023 Q2
3 quarters
|
|
|
19
Uber
UBER
$136B
| $105M | 1.55% |
1,360,000
-4,640,000
| -77% | -$333M |
2021 Q2
11 quarters
|
|
20
Caesars Entertainment
CZR
$5.87B
| $101M | 1.49% |
2,300,000
+50,000
| +2% | +$2.16M |
2022 Q4
5 quarters
|
|
21
JD.com
JD
$34.2B
| $100M | 1.48% |
+3,649,863
| New | +$89.4M |
2024 Q1
0 quarters
|
|
22
UnitedHealth
UNH
$375B
| $98.9M | 1.46% |
200,000
| – | – |
2017 Q1
28 quarters
|
|
23
KraneShares CSI China Internet ETF
KWEB
$4.29B
| $91.2M | 1.35% |
+3,475,000
| New | +$87.6M |
2024 Q1
0 quarters
|
|
24
United Parcel Service
UPS
$86B
| $89.2M | 1.32% |
600,000
+100,000
| +20% | +$15.2M |
2023 Q4
1 quarter
|
|
25
ASML
ASML
$606B
| $77.6M | 1.15% |
80,000
| – | – |
2023 Q2
3 quarters
|
|
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David Tepper's Q1 2024 Portfolio in Review
As of Q1 2024, David Tepper held 47 positions worth $6.75B, up 17% from $5.79B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
David Tepper's Q1 2024 filing shows 7 new, 6 increased, 13 reduced and 8 closed positions. Its largest new stake was Adobe: 350,000 shares worth $177M. The largest sale was Uber, an estimated $333M.
By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- David Tepper's largest Q1 2024 buy was Adobe: 350,000 shares worth $177M.
- David Tepper added most to Alibaba in Q1 2024, an estimated $505M increase.
- David Tepper's biggest Q1 2024 reduction was Uber, cutting an estimated $333M.
- David Tepper fully exited HCA Healthcare in Q1 2024, selling an estimated $31.7M.
- David Tepper's ten largest holdings make up 65% of its $6.75B portfolio in Q1 2024.
- David Tepper opened 7 new positions and closed 8 in Q1 2024.
- David Tepper's portfolio value rose 17% quarter-over-quarter to $6.75B.
Based on Appaloosa LP's 13F filing for Q1 2024, filed 15 May 2024.