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 |
Pinduoduo
PDD
|
+$413M |
| 2 |
Vistra
VST
|
+$108M |
| 3 |
Lyft
LYFT
|
+$93M |
| 4 |
JD.com
JD
|
+$82.1M |
| 5 |
NRG Energy
NRG
|
+$79.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$160M |
| 2 |
Microsoft
MSFT
|
+$90.3M |
| 3 |
Adobe
ADBE
|
+$87.8M |
| 4 |
United Parcel Service
UPS
|
+$82.8M |
| 5 |
Oracle
ORCL
|
+$61.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 43.19% |
| 2 | Technology | 27.89% |
| 3 | Communication Services | 12.22% |
| 4 | Miscellaneous | 5.06% |
| 5 | Energy | 4.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alibaba
BABA
$253B
| $1.06B | 15.76% |
10,000,000
-500,000
| -5% | -$40.9M |
2022 Q2
9 quarters
|
|
|
2
Pinduoduo
PDD
$113B
| $715M | 10.62% |
5,301,132
+3,361,132
| +173% | +$413M |
2023 Q2
5 quarters
|
|
3
Amazon
AMZN
$2.7T
| $596M | 8.86% |
3,200,000
-275,000
| -8% | -$50.2M |
2019 Q1
22 quarters
|
|
|
4
Microsoft
MSFT
$3.87T
| $417M | 6.2% |
970,000
-211,356
| -18% | -$90.3M |
2020 Q1
18 quarters
|
|
|
5
Meta Platforms (Facebook)
META
$1.65T
| $358M | 5.31% |
625,000
-310,000
| -33% | -$160M |
2016 Q3
32 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$3.92T
| $315M | 4.67% |
1,881,964
-43,036
| -2% | -$7.28M |
2016 Q1
34 quarters
|
|
|
7
JD.com
JD
$34.7B
| $292M | 4.34% |
7,300,000
+2,989,400
| +69% | +$82.1M |
2024 Q1
2 quarters
|
|
|
8
Oracle
ORCL
$381B
| $268M | 3.98% |
1,573,394
-426,606
| -21% | -$61.8M |
2023 Q4
3 quarters
|
|
|
9
Lyft
LYFT
$6.6B
| $201M | 2.98% |
15,750,000
+7,788,743
| +98% | +$93M |
2024 Q1
2 quarters
|
|
10
Advanced Micro Devices
AMD
$829B
| $186M | 2.77% |
1,135,000
-235,000
| -17% | -$35.7M |
2023 Q2
5 quarters
|
|
11
iShares China Large-Cap ETF
FXI
$3.73B
| $185M | 2.75% |
5,835,000
-1,105,000
| -16% | -$29.2M |
2024 Q1
2 quarters
|
|
|
12
Vistra
VST
$47.3B
| $151M | 2.24% |
+1,270,388
| New | +$108M |
2024 Q3
0 quarters
|
|
13
Baidu
BIDU
$26.6B
| $150M | 2.23% |
1,425,000
-240,000
| -14% | -$21.2M |
2023 Q2
5 quarters
|
|
14
Qualcomm
QCOM
$185B
| $136M | 2.02% |
800,000
-40,000
| -5% | -$7.06M |
2023 Q2
5 quarters
|
|
15
KraneShares CSI China Internet ETF
KWEB
$4.3B
| $128M | 1.9% |
3,765,000
-725,000
| -16% | -$19.5M |
2024 Q1
2 quarters
|
|
16
Energy Transfer Partners
ET
$69B
| $110M | 1.63% |
6,828,000
-876,428
| -11% | -$14.1M |
2017 Q2
29 quarters
|
|
17
Micron Technology
MU
$969B
| $109M | 1.62% |
1,050,000
-125,000
| -11% | -$13.1M |
2023 Q2
5 quarters
|
|
18
Uber
UBER
$141B
| $106M | 1.57% |
1,410,000
-90,000
| -6% | -$6.34M |
2021 Q2
13 quarters
|
|
|
19
Adobe
ADBE
$105B
| $104M | 1.54% |
200,000
-160,000
| -44% | -$87.8M |
2024 Q1
2 quarters
|
|
20
FedEx
FDX
$71.9B
| $103M | 1.52% |
375,000
-175,000
| -32% | -$50.8M |
2023 Q1
6 quarters
|
|
21
UnitedHealth
UNH
$381B
| $102M | 1.52% |
174,500
-10,500
| -6% | -$5.94M |
2017 Q1
30 quarters
|
|
|
22
NRG Energy
NRG
$19.8B
| $91.1M | 1.35% |
+999,820
| New | +$79.5M |
2024 Q3
0 quarters
|
|
23
Caesars Entertainment
CZR
$5.92B
| $89.7M | 1.33% |
2,150,000
-50,000
| -2% | -$1.88M |
2022 Q4
7 quarters
|
|
24
Lam Research
LRCX
$288B
| $81.6M | 1.21% |
1,000,000
-90,000
| -8% | -$7.82M |
2023 Q2
5 quarters
|
|
25
Las Vegas Sands
LVS
$23.7B
| $76.9M | 1.14% |
+1,528,323
| New | +$62.6M |
2024 Q3
0 quarters
|
|
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David Tepper's Q3 2024 Portfolio in Review
As of Q3 2024, David Tepper held 41 positions worth $6.73B, up 9% from $6.18B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
David Tepper's Q3 2024 filing shows 4 new, 4 increased, 28 reduced and 3 closed positions. Its largest new stake was Vistra: 1,270,388 shares worth $151M. The largest sale was Meta Platforms (Facebook), an estimated $160M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 43% of assets, up from 31% a quarter earlier, followed by Technology and Communication Services.
- David Tepper's largest Q3 2024 buy was Vistra: 1,270,388 shares worth $151M.
- David Tepper added most to Pinduoduo in Q3 2024, an estimated $413M increase.
- David Tepper's biggest Q3 2024 reduction was Meta Platforms (Facebook), cutting an estimated $160M.
- David Tepper fully exited United Parcel Service in Q3 2024, selling an estimated $82.8M.
- David Tepper's ten largest holdings make up 65% of its $6.73B portfolio in Q3 2024.
- David Tepper opened 4 new positions and closed 3 in Q3 2024.
- David Tepper's portfolio value rose 9% quarter-over-quarter to $6.73B.
Based on Appaloosa LP's 13F filing for Q3 2024, filed 14 Nov 2024.