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 |
Lyft
LYFT
|
+$122M |
| 2 |
KraneShares CSI China Internet ETF
KWEB
|
+$29.1M |
| 3 |
JD.com
JD
|
+$19.4M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$14.8M |
| 5 |
Uber
UBER
|
+$9.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$377M |
| 2 |
Microsoft
MSFT
|
+$92.3M |
| 3 |
Meta Platforms (Facebook)
META
|
+$91.1M |
| 4 |
Amazon
AMZN
|
+$64.8M |
| 5 |
Alibaba
BABA
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.15% |
| 2 | Consumer Discretionary | 30.91% |
| 3 | Communication Services | 15.68% |
| 4 | Miscellaneous | 5.33% |
| 5 | Energy | 5.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$270B
| $756M | 12.24% |
10,500,000
-750,000
| -7% | -$57.5M |
2022 Q2
8 quarters
|
|
|
2
Amazon
AMZN
$2.83T
| $672M | 10.87% |
3,475,000
-353,000
| -9% | -$64.8M |
2019 Q1
21 quarters
|
|
|
3
Microsoft
MSFT
$3.95T
| $528M | 8.55% |
1,181,356
-218,644
| -16% | -$92.3M |
2020 Q1
17 quarters
|
|
|
4
Meta Platforms (Facebook)
META
$1.77T
| $471M | 7.63% |
935,000
-187,500
| -17% | -$91.1M |
2016 Q3
31 quarters
|
|
5
Alphabet (Google) Class C
GOOG
$4.11T
| $353M | 5.72% |
1,925,000
-150,000
| -7% | -$25.5M |
2016 Q1
33 quarters
|
|
6
Oracle
ORCL
$398B
| $282M | 4.57% |
2,000,000
-300,000
| -13% | -$37.3M |
2023 Q4
2 quarters
|
|
7
Pinduoduo
PDD
$116B
| $258M | 4.18% |
1,940,000
-160,000
| -8% | -$21.7M |
2023 Q2
4 quarters
|
|
8
Advanced Micro Devices
AMD
$873B
| $222M | 3.6% |
1,370,000
-260,000
| -16% | -$41.8M |
2023 Q2
4 quarters
|
|
9
Adobe
ADBE
$100B
| $200M | 3.24% |
360,000
+10,000
| +3% | +$4.84M |
2024 Q1
1 quarter
|
|
|
10
iShares China Large-Cap ETF
FXI
$3.86B
| $180M | 2.92% |
6,940,000
+565,000
| +9% | +$14.8M |
2024 Q1
1 quarter
|
|
11
Qualcomm
QCOM
$188B
| $167M | 2.71% |
840,000
-150,000
| -15% | -$28.3M |
2023 Q2
4 quarters
|
|
12
FedEx
FDX
$70.7B
| $165M | 2.67% |
550,000
-50,000
| -8% | -$13.1M |
2023 Q1
5 quarters
|
|
13
Micron Technology
MU
$1.01T
| $155M | 2.5% |
1,175,000
-40,000
| -3% | -$5.04M |
2023 Q2
4 quarters
|
|
14
Baidu
BIDU
$27.4B
| $144M | 2.33% |
1,665,000
-135,000
| -8% | -$13.6M |
2023 Q2
4 quarters
|
|
15
Energy Transfer Partners
ET
$67.3B
| $125M | 2.02% |
7,704,428
-940,000
| -11% | -$14.8M |
2017 Q2
28 quarters
|
|
|
16
KraneShares CSI China Internet ETF
KWEB
$4.51B
| $121M | 1.96% |
4,490,000
+1,015,000
| +29% | +$29.1M |
2024 Q1
1 quarter
|
|
17
Lam Research
LRCX
$330B
| $116M | 1.88% |
1,090,000
-60,000
| -5% | -$5.75M |
2023 Q2
4 quarters
|
|
|
18
Lyft
LYFT
$6.53B
| $112M | 1.82% |
7,961,257
+7,493,639
| +1,603% | +$122M |
2024 Q1
1 quarter
|
|
|
19
JD.com
JD
$36.1B
| $111M | 1.8% |
4,310,600
+660,737
| +18% | +$19.4M |
2024 Q1
1 quarter
|
|
|
20
Uber
UBER
$141B
| $109M | 1.77% |
1,500,000
+140,000
| +10% | +$9.7M |
2021 Q2
12 quarters
|
|
21
UnitedHealth
UNH
$376B
| $94.2M | 1.53% |
185,000
-15,000
| -8% | -$7.35M |
2017 Q1
29 quarters
|
|
22
ASML
ASML
$629B
| $89.5M | 1.45% |
87,500
+7,500
| +9% | +$7.21M |
2023 Q2
4 quarters
|
|
23
Caesars Entertainment
CZR
$5.93B
| $87.4M | 1.42% |
2,200,000
-100,000
| -4% | -$3.76M |
2022 Q4
6 quarters
|
|
24
Intel
INTC
$485B
| $86.1M | 1.39% |
2,780,000
-970,000
| -26% | -$31.8M |
2023 Q2
4 quarters
|
|
|
25
NVIDIA
NVDA
$5.23T
| $85.2M | 1.38% |
690,000
-3,730,000
| -84% | -$377M |
2023 Q1
5 quarters
|
|
Similar funds
David Tepper's Q2 2024 Portfolio in Review
As of Q2 2024, David Tepper held 39 positions worth $6.18B, down 8.6% from $6.75B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
David Tepper withdrew a net $759M in Q2 2024, closing 2 positions and reducing 26 holdings. Its most notable exit was Norfolk Southern, an estimated $11.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 38% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, David Tepper added an estimated $122M to Lyft.
- David Tepper added most to Lyft in Q2 2024, an estimated $122M increase.
- David Tepper's biggest Q2 2024 reduction was NVIDIA, cutting an estimated $377M.
- David Tepper fully exited Norfolk Southern in Q2 2024, selling an estimated $11.5M.
- David Tepper's ten largest holdings make up 64% of its $6.18B portfolio in Q2 2024.
- David Tepper opened 0 new positions and closed 2 in Q2 2024.
- David Tepper's portfolio value fell 8.6% quarter-over-quarter to $6.18B.
Based on Appaloosa LP's 13F filing for Q2 2024, filed 14 Aug 2024.