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 |
Vistra
VST
|
+$198M |
| 2 |
Alibaba
BABA
|
+$174M |
| 3 |
JD.com
JD
|
+$123M |
| 4 |
NRG Energy
NRG
|
+$75.5M |
| 5 |
Corning
GLW
|
+$71.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$123M |
| 2 |
Adobe
ADBE
|
+$104M |
| 3 |
Meta Platforms (Facebook)
META
|
+$79.2M |
| 4 |
EQT Corp
EQT
|
+$41M |
| 5 |
Energy Transfer Partners
ET
|
+$33.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.53% |
| 2 | Technology | 26.44% |
| 3 | Communication Services | 11.98% |
| 4 | Utilities | 8.29% |
| 5 | Energy | 3.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$306B
| $1B | 15.54% |
11,843,158
+1,843,158
| +18% | +$174M |
|
|
2
Amazon
AMZN
$2.94T
| $570M | 8.82% |
2,600,000
-600,000
| -19% | -$123M |
|
3
Pinduoduo
PDD
$129B
| $519M | 8.04% |
5,356,132
+55,000
| +1% | +$6.4M |
|
4
Microsoft
MSFT
$3.74T
| $409M | 6.33% |
970,000
| – | – |
|
|
5
Vistra
VST
$48.6B
| $372M | 5.76% |
2,700,000
+1,429,612
| +113% | +$198M |
|
|
6
JD.com
JD
$43.1B
| $363M | 5.61% |
10,465,885
+3,165,885
| +43% | +$123M |
|
7
Alphabet (Google) Class C
GOOG
$4.19T
| $358M | 5.54% |
1,881,963
-1
| -0% | -$177 |
|
|
8
Meta Platforms (Facebook)
META
$1.53T
| $287M | 4.44% |
490,000
-135,000
| -22% | -$79.2M |
|
9
Oracle
ORCL
$419B
| $233M | 3.61% |
1,400,000
-173,394
| -11% | -$30.8M |
|
10
iShares China Large-Cap ETF
FXI
$4.25B
| $202M | 3.13% |
6,637,128
+802,128
| +14% | +$25.3M |
|
11
Lyft
LYFT
$6.64B
| $174M | 2.69% |
13,500,000
-2,250,000
| -14% | -$33.4M |
|
|
12
NRG Energy
NRG
$25.2B
| $164M | 2.53% |
1,815,000
+815,180
| +82% | +$75.5M |
|
13
Advanced Micro Devices
AMD
$774B
| $145M | 2.24% |
1,200,000
+65,000
| +6% | +$9.35M |
|
14
KraneShares CSI China Internet ETF
KWEB
$5.56B
| $134M | 2.07% |
4,575,695
+810,695
| +22% | +$26M |
|
15
Baidu
BIDU
$35.9B
| $129M | 1.99% |
1,527,909
+102,909
| +7% | +$9.4M |
|
16
Qualcomm
QCOM
$171B
| $123M | 1.9% |
800,000
| – | – |
|
17
ASML
ASML
$691B
| $111M | 1.72% |
160,000
+82,500
| +106% | +$59.2M |
|
18
Micron Technology
MU
$981B
| $101M | 1.56% |
1,200,000
+150,000
| +14% | +$15.3M |
|
19
FedEx
FDX
$76.3B
| $98.5M | 1.52% |
350,000
-25,000
| -7% | -$6.98M |
|
|
20
Energy Transfer Partners
ET
$71.6B
| $96.3M | 1.49% |
4,914,735
-1,913,265
| -28% | -$33.9M |
|
21
NVIDIA
NVDA
$5.27T
| $91.3M | 1.41% |
680,001
+55,001
| +9% | +$7.58M |
|
22
Uber
UBER
$160B
| $90.5M | 1.4% |
1,500,000
+90,000
| +6% | +$6.43M |
|
23
Lam Research
LRCX
$390B
| $90.3M | 1.4% |
1,250,000
+250,000
| +25% | +$19M |
|
24
UnitedHealth
UNH
$365B
| $88.3M | 1.37% |
174,500
| – | – |
|
25
Caesars Entertainment
CZR
$6.06B
| $73.5M | 1.14% |
2,200,000
+50,000
| +2% | +$1.98M |
|
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David Tepper's Q4 2024 Portfolio in Review
As of Q4 2024, David Tepper held 39 positions worth $6.46B, down 4% from $6.73B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
David Tepper deployed $215M of net new capital in Q4 2024, opening 1 new position and adding to 17 existing holdings. Its largest new stake was Corning: 1,500,000 shares worth $71.3M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 43% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Amazon, an estimated $123M trimmed.
- David Tepper's largest Q4 2024 buy was Corning: 1,500,000 shares worth $71.3M.
- David Tepper added most to Vistra in Q4 2024, an estimated $198M increase.
- David Tepper's biggest Q4 2024 reduction was Amazon, cutting an estimated $123M.
- David Tepper fully exited Adobe in Q4 2024, selling an estimated $104M.
- David Tepper's ten largest holdings make up 67% of its $6.46B portfolio in Q4 2024.
- David Tepper opened 1 new position and closed 2 in Q4 2024.
- David Tepper's portfolio value fell 4% quarter-over-quarter to $6.46B.
Based on Appaloosa LP's 13F filing for Q4 2024, filed 10 Feb 2025.