David Tepper

David Tepper

Last Update: 11-13-2015

Number of Stocks: 33
Number of New Stocks: 5

Total Value: $2,864 Mil
Q/Q Turnover: 14%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

David Tepper Watch

  • David Tepper Buying Airlines Benefiting from Low Fuel Prices

    David Tepper (Trades, Portfolio) is known for making correct calls on the market and for producing stellar returns through his hedge fund, Appaloosa Management. Recently, he told CNBC he was “not as bullish” as he could be on stocks and advised investors to move more to cash. The statement marked a change from 2013, when he said he felt “definitely bullish” due to a stable private sector and a favorable combination of growth and Fed easing policy.

    In that context, Tepper moved some of his portfolio out of consumer cyclical stocks and expanded his holdings of industrial stocks such as airlines to 26% of holdings from 16.9% last quarter.  

  • New Release: GuruFocus App for Android and iPhone

    You can’t always sit down at your laptop to check out the latest news, guru trades and analysis from GuruFocus.com. That’s why our developers have brought our members the GuruFocus app, available today for both Android and iPhone.

    We’re excited for you to try this useful new tool that lets you keep up with your investing when you're on the go. Download the app for FREE on your Android phone from Google Play, or on your iPhone at the Apple App Store.


  • David Tepper Sells Alibaba, BofA, Buys 5 Stocks

    David Tepper (Trades, Portfolio), head of the $23.52 billion hedge fund Appaloosa Management whose offhand comments have moved markets, diced up his portfolio in the third quarter, making many significant additions and cuts, the update today showed.

    As is common for the prescient investor, Tepper’s fund has soared this year as others have suffered, returning 12% from January through August, according to CNBC. He also said he was not bullish on the stock market and recommended not being fully invested.


  • Why Icahn and Others Still Own Apple

    Numerous top tier investors continue to hold Apple Inc. (NASDAQ:AAPL) shares including Carl Icahn (Trades, Portfolio), David Einhorn (Trades, Portfolio), Bill Nygren (Trades, Portfolio), and David Tepper (Trades, Portfolio). With the shares trading at what I believe is a low valuation, I thought I would review some of the risks and reasons to own Apple.



  • The Magic Formula According to David Tepper

    In recent years David Tepper (Trades, Portfolio) has become a major mover of the stock market.

    Today, he says he is not as bullish as he could be. What could make him more bullish, though, is China. In the video below, Tepper said he believes that Chinese monetary policy is far too tight. 


  • The 5,099,019,513.59 Reasons to Buy Alphabet Stock

    Alphabet (NASDAQ:GOOGL) is the new holding company that holds Google and businesses that were previously part of Google but are separated under the new entity.

    Google is a technology company that wants to make information accessible to users. The vast majority of revenue and profits are coming from Google’s search business. Its search ad business is extremely profitable and fast growing. The company is controlled (through voting stock) by the two founders and their former CEO; Larry Page, Sergey Brin and Eric Schmidt. Because of their large stake in the company, all three are extremely well incentivized to see the company do well.


  • General Motors Shines in Automotive Industry

    General Motors (NYSE:GM) is a popular stock among many hedge fund managers, with Warren Buffett as the largest guru shareholder. According to GuruFocus data, GM makes up 1.25% of Buffett's portfolio. General Motors, which designs, builds and sell cars, trucks and automobile parts, reported its third quarter earnings on Oct. 20, with higher-than-estimated earnings in such a robust environment, but its revenue fell below the estimations of analysts. Wall Street analyst estimated revenue of $39.2 billion but GM reported $38.8 billion lower by 1%. The stock has increased by 3.02% on year-to-date basis, but underperformed as compared to Consumer Discretionary SPDR (ETF) [XLY].

    Financial performace


  • David Tepper's Stocks Trading Below the Peter Lynch Earnings Line

    David Tepper (Trades, Portfolio), a distressed-debt specialist, was once considered to be the hottest investor on Wall Street. His portfolio is now composed of 35 stocks; the following are the ones that are trading below the Peter Lynch earnings line.

    Goodyear Tire & Rubber Co. (GT) is trading at $31.78, and the Peter Lynch earnings line gives the stock a fair price of $147.6, giving the stock a margin of safety of 78%.


  • RGA Investment's Commentary for September

    RGA Investment has released its September commentary. It discussed various topics ranging from the market selloff to the crisis at Glencore.

    RGA Investment Commentary


  • David Tepper's Five Most Heavily Weighted Holdings

    If David Tepper (Trades, Portfolio) slips under some financial observers’ radars, he shouldn’t. At the end of the second quarter, Tepper, the founder of Appaloosa Management LP, was worth $10.7 billion and owned shares in 35 companies with a value of more than $4 billion.

    Two of his five most heavily weighted stakes are in the automotive industry, and one is in a related industry, travel and leisure.


  • David Tepper - Extensive Squawk Box Interview

    Among many other things, David Tepper (Trades, Portfolio) said that he thinks Apple (NASDAQ:AAPL) is cheap though it could be replaced, revealed that he sold Alibaba (NYSE:BABA) and said he had a great deal of cash as he did not know for sure where the markets would go, in a long conversation with CNBC:

  • Appaloosa's David Tepper Makes Right Call on United Continental

    The New Jersey-based hedge fund Appaloosa Management LP has disclosed an equity portfolio valued at some $4.04 billion as of the end of the second quarter of 2015. The equity portfolio is mainly invested in Consumer Discretionary (38%), Technology (15%) and Industrials (15%) stocks. The fund’s last 13F filing showed that the fund reduced its holdings in the financial sector.

    The greatest reduction in the quarter was United Continental Holdings Inc. (NYSE:UAL). The stock comprised 4.68% of the portfolio in the first quarter but only 1.99% in the second quarter. In United Continental, the fund held 3.97 million shares in the previous quarter and 1.52 million shares according to its latest filing; this represents a 61% reduction. It is important to mention that the stock lost 21.17% during the April-June period, so Appaloosa Management President David Tepper made a good decision.


  • Northstar Group Inc. Holdings bought JPMorgan and Microsoft in Q2 2015

    At the end of the second quarter of 2015, the hedge fund Northstar Group Inc. Holdings reported a total value of its portfolio of $130,988,000 with an increase of 0.97% since the previous quarter.

    During Q2 2015, the hedge fund bought five new stocks and increased 68 stakes, and the following are the most heavily weighted U.S. companies it bought.


  • Why GM Is A Buy

    It has been a few years since General Motors Company (NYSE:GM) resurected from the ashes of its former incarnations bankruptcy. It is still the leading automaker in the States and slowly U.S. taxpayers are forgiving the company its previous mistakes. In October 2010 the automaker integrated AmeriCredit to continue to offer credit to customers. Currently, Fiat Chrysler Automobiles CEO Sergio Marchionne is pursuing GM to merge with the Italian automaker. Sergio Marchionne has a reputation as a briliant manager who is highly skilled at creating shareholder value. His arguments are laid out in a presentation called Confessions of a Capital Junkie. His main point is that automakers are achieving RoIC below their average cost of capital. Long term that is a huge problem, and he thinks the solution lies in a few mega companies. By his estimates a combination of Fiat with another major automaker would result in between $2.8 billion to $5 billion in benefits per year. Fiat and GM’s combined Ebitda is around $19 billion, so that is signficant. GM CEO Mary Barra, meanwhile has indicated to be uninterested.


  • Micron May Be the Biggest Guru Bargain Of All

    Micron Technology (NASDAQ:MU) was founded in Boise, Idaho and manufacturers and markets a basic commodity for the computer industry – DRAM, NAND Flash memory, CMOS image sensors, along with other semiconductor components. was founded in Boise, Idaho and incorporated in October 1978.

    From a consistency standpoint, Micron fails to deliver, but you don’t get paid based on the past. In the last five years, Micron has worked hard to improve margins and efficency. It has doubled revenue, increased both gross and operating margins and has built a great base of relationships to drive the company forward for years to come.


  • 5 Popular Financial Stocks Among Gurus in Q1

    The financial sector has seen good performance over the past year, returning 20.78%. This is the third-highest performing sector over the one-year period after healthcare and technology, according to Morningstar’s performance list.

    One method of researching stocks in this sector is to see which companies are popular among the gurus. GuruFocus’ All-In-One-Screener can be used to sort stocks with more than 150 filters. For this article, I selected “Financial Services” from the industry list, then in the Gurus tab selected the checkmark box for “Involved in Buy/Sell Activities.” By sorting the resulting list of stocks by number of guru holders, we can see the top five most popular financial services companies.


  • David Tepper's Top 5 First-Quarter Stock Buys

    David Tepper (Trades, Portfolio)’s Appaloosa Management has about $20 billion in assets under management and a portfolio with 38 long positions valued at $5.7 billion. The top sectors they have invested in are Consumer Cyclical at 25.6% and ETFs at 24.6%.

    In the first quarter, Tepper bought eight new stocks, the largest of which were: Micron Technology Inc. (NASDAQ:MU), JetBlue Airways Corp (NASDAQ:JBLU), USG Corp (NYSE:USG), Regions Financial Corp (NYSE:RF) and United Rentals Inc. (NYSE:URI).


  • Analyzing David Tepper's Top Holdings

    David Tepper (Trades, Portfolio) is the founder of Appaloosa Management, which is a $3 billion hedge fund investment firm based in Chatham, N.J. Tepper has earned an international reputation for producing some of the highest returns among fund managers on Wall Street. In addition to investments, he is also interested in philanthropy. He donated $55 million to the Graduate School of Industrial Administration of Carnegie Mellon University. The gift is the largest donation to Carnegie Mellon University in its 104-year history.

    David Tepper (Trades, Portfolio) has a significant stake in Whirlpool (NYSE:WHR) which is one of his top five holdings. As of the last quarter, he was holding 1,698,595 shares of the company. The following chart shows his holding history in the company.


  • David Tepper’s Low P/E Stocks

    It was widely reported last month that hedge fund manager David Tepper (Trades, Portfolio) shed a sizable portion of his portfolio in the fourth quarter, exiting 15 positions completely and reducing 23. His $20 billion Appaloosa Management also ended the year up 30%.

    During the big sell-off, Tepper told CNBC in December that while he did not officially call a top for the markets in 2015, he did foresee rising values on stocks that were already not cheap: "You [just] have to be aware of the possibility for some sort of overvaluation of the markets,” he said. “And they are fair value now."


  • Other Highly Concentrated Fund´s Portfolio

    Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into David Tepper (Trades, Portfolio)´s Appaloosa Management LP.

    Recently the fund reported its equity portfolio, as at the end of December. The total value of the portfolio amounted to $4.05 billion. The filing revealed that at the end of December, the fund added 18 new positions to its equity portfolio and sold out of 12 other companies. The top ten portfolio holdings as of the end of the quarter represented 75.69%. The largest changes from previous 13-F´s fillings were in the consumer discretionary, industrials and finance sector.


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