David Tepper

David Tepper

Last Update: 10-13-2016

Number of Stocks: 37
Number of New Stocks: 2

Total Value: $3,803 Mil
Q/Q Turnover: 11%

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

David Tepper Watch

  • David Tepper on Market Caution and Election's Impact

    Appaloosa Management founder David Tepper (Trades, Portfolio) spoke with CNBC about his view of the markets. Tepper said the market is fairly to fully valued, that margins may be under pressure, and it is a difficult environment.

    "We're pretty cautious on the market, not outright bearish on the market," Tepper said.   

  • David Tepper Pulls Half of Backing of Shell Company Formed From Washington Mutual Bankruptcy

    David Tepper (Trades, Portfolio), founder of Appaloosa Management, withdrew some support for the shell company that emerged from the bankruptcy of Washington Mutual during the financial crisis as it struggles to find an acquisition.

    WMIH Holdings Corp. (NASDAQ:WMIH) transitioned to an acquisition vehicle after exiting Chapter 11 bankruptcy in March 2012. At the time, it received heavy backing by KKR & Co. and $75 million in seed money from a group of investors to pursue the purchase of a company. It has struggled to do so in the ensuing four years, however, as competition in the mergers and acquisitions market has intensified.


  • David Tepper Erases Delta

    David Tepper (TradesPortfolio) sold out his 8,594,855 shares in Delta Air Lines (NYSE:DAL) for an average price of $42.61 per share in the second quarter.

    Delta Air Lines began as a small aerial crop dusting operation in 1924, 21 years after the Wright Brothers completed their first flight at Kitty Hawk, North Carolina. Fast-forward 92 years and Delta has become one of the world’s largest global airlines, helping more than 160 million travelers reach their desired destinations around the world each year.


  • Alan Fournier Purchases Stake in Vonage

    Alan Fournier (Trades, Portfolio) purchased a 181,804-share stake in Vonage Holdings Corp. (VG) at an average price of $4.72 per share in the second quarter.

    Since Fournier’s purchase the company’s market price has risen an estimated 24%.


  • David Tepper Exits Facebook, Boosts Allergan

    David Tepper (Trades, Portfolio) is the founder of Appaloosa Management, which is a $3 billion hedge fund investment firm based in Chatham, New Jersey. The following are his largest trades of the second quarter.

    The investor exited his stake in Delta Air Lines Inc. (DAL) with an impact of -7.4% on the portfolio.


  • T Boone Pickens Expands His Oil Empire

    During the second quarter, T Boone Pickens of BP Capital Fund Advisors LLC acquired three new holdings associated with the energy and oil and gas industries. They are Williams Partners LP (NYSE:WPZ), Newpark Resources Inc. (NYSE:NR) and PBF Logistics LP (NYSE:PBFX).

    Pickens founded BP Capital in 1997 and invests largely in energy companies. He was one of the first oilmen to grow his company by acquisitions rather than exploration. Pickens believes the U.S. is undergoing a transformation in the way it produces and uses energy due to advances in technology. These advances offer new investment opportunities from which the firm plans to benefit. The firm holds stock in 54 companies and is worth $252 million. The quarter-over-quarter turnover rate is 28%.


  • David Tepper Raises Bet on Allergan, Adds 2 New Positions in Latest Quarter

    During the most recent quarter, world-renowned investor David Tepper (Trades, Portfolio) showed staunch conviction on Allergan while adding just two new positions to his Appaloosa Management portfolio.

    Tepper increased his Allergan (NYSE:AGN) stake by 352%, making it his fourth-largest position. The drug manufacturer ended the quarter at 7.7% of his portfolio, short only of stakes in Alphabet Inc. (NASDAQ:GOOG), Energy Transfer Partners LP (NYSE:ETP) and Williams Partners LP (NYSE:WPZ). It is valued at $291.4 million.


  • David Tepper’s Delta Investment Nosedives

    David Tepper (Trades, Portfolio)’s eye for a deal and airtight vision for companies and trends did not defend against the affect of the unexpected shakeup in the European Union on two of his 10 largest portfolio equities.

    In the past five trading days, the Appaloosa Management founder’s Delta Air Lines Inc. (NYSE:DAL) fell 14% and Southwest Airlines Co. (NYSE:LUV) fell roughly 9% as airline stocks as a group edged lower. The NYSE ARCA Airline Index fell roughly 7% for the same period, compared to 3.4% for the Standard & Poor’s 500.


  • Peter Lynch Targets Undervalued Airline Companies

    In early June, the Peter Lynch screen featured two airline companies, Allegiant Travel Co. (NASDAQ:ALGT) and Southwest Airlines Co. (NYSE:LUV), as two of the most undervalued companies based on their earnings lines. Due to potential upside in the airline industry, many gurus are increasing their positions in airline stocks.

    Peter Lynch and his winning strategy


  • David Tepper Adds to Stake in Delta Air Lines

    Guru David Tepper (Trades, Portfolio), founder and president of Appaloosa Management LP, added 1,271,440 shares to his stake in Delta Air Lines Inc. (NYSE:DAL) during the first quarter.

    Delta Air Lines is also traded in Germany, Mexico, Switzerland and the U.K.


  • George Soros Sells Dow Chemical, Delta Air Lines

    George Soros (Trades, Portfolio) is known for the unmatched success of his Quantum Fund. A hedge fund guru, he is recognized for having the best performance record of any investment fund in the world over its 26-year history. During the first quarter he sold his shares in the following stocks.

    The guru almost closed his stake in Synchrony Financial (SYF) reducing its shares by a 94.94% with an impact of -3.83% on the portfolio.


  • Hold Off Going Long MLPs With Tepper

    Range-bound markets over the past year have made it difficult to earn good returns. Most investors haven’t made any money at all, and this reality has forced them to pile into high-yield products to make up the difference.

    One popular area to reach for yield has been the energy space. The general belief is that crude has hit a bottom and that energy companies are now a safe bet especially with the dividends some of them are offering.


  • Classic 60/40 Portfolio Ready for the House of Pain

    In this week’s "Market Sitrep – Reach For Yield" we start off with examining the high-yield energy space. We focus on David Tepper (Trades, Portfolio)’s big bets in Williams Partners (NYSE:WPZ) and Energy Transfer Partners (NYSE:ETP).

    Next we discuss what bond duration means and its implications going forward.


  • Alan Fournier Acquires Stake in PayPal Holdings

    Guru Alan Fournier (Trades, Portfolio) purchased a 3,203,686-share stake in PayPal Holdings (NASDAQ:PYPL) in the first quarter.

    PayPal Holdings was originally founded in 1998, with the name Confinity. Max Levchin, Peter Thiel, Luke Nosek and Ken Howery were the founders. In March 2000, Confinity merged with X.com, an online banking company founded by Elon Musk. Musk was optimistic about the future success of the money transfer business Confinity was developing. Musk and then-President and CEO of X.com Bill Harris disagreed on this point, and Harris left the company in May 2000.


  • David Tepper Sells Out of Apple, Buys Facebook and Oil

    David Tepper (Trades, Portfolio), founder of New Jersey-based Appaloosa Management, the third most profitable hedge fund according to PVH Investments, disclosed the 10 stocks in which he took a position in the first quarter as well as 14 he dumped.

    One of his most notable changes was his acquisition of a stake in Facebook Inc. (NASDAQ:FB), his largest new buy at a total cost around $185.8 million. Tepper purchased 1,627,950 shares of the social media company, whose price per share averaged $105 during the quarter. He had taken a larger position in the company in 2014 but later sold out in the fourth quarter.


  • David Tepper Profits on TerraForm Stake After SunEdison Files Bankruptcy

    After a brutal six months, David Tepper (Trades, Portfolio)’s 11% stake in Terraform Power Inc. is swinging to a profit after it issued a statement Thursday that the bankruptcy of SunEdison (SUNE), its sponsor company, would not materially impact its business.

    TerraForm (NASDAQ:TERP) said in a statement that it had no plans to file for bankruptcy after SunEdison filed Thursday morning. The two companies operate as separately traded entities, with TerraForm Power owning and operating clean energy power plants. SunEdison would continue, TerraForm said, to provide asset management and operations and maintenance services to those power plans after the bankruptcy.


  • Southwest Airlines Is a Long-Term Buy

    Southwest Airlines Co. (NYSE:LUV), a $30.07 billion market cap company, is a major passenger airline that provides scheduled air transportation in the U.S. The firm operates in almost 100 destinations across the U.S. Since 1967, Southwest Airlines has expanded inside and outside the U.S. For example, the acquisition of AirTran is a case of international expansion.

    Southwest Airlines is one of the largest domestic airlines company in the U.S. The company has a low-cost structure that helped the firm’s earnings generation. Also, Southwest Airlines has some other advantages by maximizing aircraft utilization and employee productivity. This arrangement allowed the company to generate operating profits for more than four decades in an airline industry that has seen multiple bankruptcies.


  • Einhorn Sells 75% of SunEdison Stake for Mere Pennies

    In an updated filing, David Einhorn (Trades, Portfolio)’s Greenlight Capital reported cutting its stake in SunEdison (SUNE) by 75% April 15, selling more than 15.8 million shares. Greenlight is left with a little over 5 million shares in the solar energy company.

    SunEdison has been entangled in a legal mess over its attempt to acquire Vivint Solar (NYSE:VSLR) for $2.2 billion. SunEdison, which regularly sells projects to TerraForm Power (NASDAQ:TERP), would pass its current portfolio of rooftop solar products to one of TerraForm’s subsidiaries under the agreement. The situation was pummeled when David Tepper (Trades, Portfolio)’s Appaloosa Management, which held a large stake in TerraForm, sued SunEdison for breach of fiduciary duty, writing a letter questioning the value of the portfolio and whether it benefited only SunEdison.


  • These 10 Principles Will Help You Beat the Market

    Vijay Kedia is a famous Indian value investor who has over 20 years of experience in the market. Vijay in Hindi means "victory." In 20 years he turned an investment of $20,000 into $100 million net worth today.

    The following is based on his recent talk at an Indian business school. You can watch the video here.


  • David Tepper Wants to Clean Up TerraForm Power

    David Tepper (TradesPortfolio) and Appaloosa Management have said through an amended lawsuit that several TerraForm Power (NASDAQ:TERP) directors and SunEdison (SUNE) have dismantled TerraForm’s corporate governance and conflicts committee and replaced it with a “sham committee” so SunEdison could take advantage of TerraForm and its stockholders.

    Appaloosa wants Peter Blackmore, Jack Jenkins-Stark and Christopher Compton to be removed from TerraForm's Conflicts Committee. Appaloosa also wants CEO Brian Wuebbels out. Wuebbels is also SunEdison's CFO, but SunEdison earlier announced he would be replaced as CFO in April.


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