David Tepper

David Tepper

Last Update: 2014-08-14

Number of Stocks: 50
Number of New Stocks: 3

Total Value: $7,149 Mil
Q/Q Turnover: 17%

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

David Tepper Watch

  • David Tepper on the Bond Market, the U.S. Stock Market, and Bill Gross

    David Tepper (Trades, Portfolio), co-founder of Appaloosa Management, spoke with Bloomberg TV's Stephanie Ruhle and Erik Schatzker on "Market Makers" today about a wide variety of subjects, including the bond market, the U.S. stock market, Bill Gross' departure from PIMCO and Roger Goodell. Appearing alongside Tepper for the interview was David Saltzman, executive director of the Robin Hood Foundation.

    Tepper said that price-to-earnings ratios for U.S. stocks aren't high and that junk bonds are at the mid-point of fair value: "The U.S. economy is pretty good, stocks are not at high multiples right now." He also said: "I wish I didn't have any investment" in Fannie (FNMA) and Freddie (FMCC).

    On how Bill Gross' departure from PIMCO will affect the bond market, Tepper said: "Nothing. Who cares?...You saw it the other day. The little bit that was done with the corporate markets…It's not going to mean that much…The market is the market. It's bigger than anybody."  


  • ‘Nervous’ David Tepper’s New Top Holding

    David Tepper (Trades, Portfolio), leader of the $20 billion hedge fund Appaloosa Management, told Bloomberg today after the European Central Bank announced it would cut interest rates: “It’s the beginning of the end of the bond market rally. We’re done.”


    ECB President Mario Draghi said the bank would also begin buying asset-backed securities and bonds in order to stimulate the economy.

      


  • David Tepper Announces 3 New Stock Buys

    David Tepper (Trades, Portfolio), star fund manager of Appaloosa Management, famously told investors in May, “I’m not saying go short, just don’t be too frigging long,” according to Reuters.  


  • Top 5 Net Buys Of The Investing Gurus

    The top net buys of the investing gurus in Q1 of 2014 were American Airlines (AAL), National Oilwell Varco (NOV), Gaming and Leisure Properties (GLPI), Symantec (SYMC), and Verizon (VZ). I found the net buys by using the S&P 500 Grid at GuruFocus. I adjusted the settings to include all investors and examined the results for both S&P 500 companies and non-S&P 500 companies.


    American Airlines Group Inc (AAL)

      


  • An Advertising Giant Tredding on Solid Ground

    As the third largest advertising and marketing company in the world, Interpublic Group of Companies Inc. (IPG) has managed to overcome last decade’s downward slump, in order to resurface as a profitable investment. Changes in the management team, as well as several new growth measures, have not only earned the firm a narrow economic moat rating, but also helped retrieve margins and shareholder returns. So, let’s see what likely motivated investment gurus David Tepper (Trades, Portfolio) and NWQ Managers (Trades, Portfolio) to buy this company’s stock last quarter.


    Stable Client Relationships

      


  • David Tepper Sticks With Airlines, Buys Halliburton, Eastman Chem, Others in Q4

    David Tepper (Trades, Portfolio) is the founder of hedge fund Appaloosa Management, widely followed for repeatedly acing the market in both up and down years. Last year was no different, with the guru reporting to returning more than 40% gross on his investors’ money.


    In a November Bloomberg interview, Tepper said for 2014 he foresees markets possibly falling 5% to 10% as a result of decreased Federal stimulus, but is bullish on stocks overall. Last year, he also said his “big play in the market” was airlines, and according to his newly released fourth quarter portfolio, he is retaining his significant investment in the sector.

      


  • David Tepper - Highest Paid Hedge Fund Manager of 2013

    From New York Post:

    It could be one heckuva New Year’s Eve party for hedge fund titan David Tepper — again.  


  • David Tepper's 'One Big Play Versus the Market'

    Evidence of David Tepper’s magic touch has been manifest numerous times over his career. This year in particular, his “one big play versus the market” doubled and tripled, helping propel his firm, Appaloosa Management, to gross returns of more than 40%. The play also happened to be in a sector Warren Buffett loathes.


    Tepper told Bloomberg in November: “Our big play versus the market is airlines. That’s a big play. We’re the biggest holder of all these different airlines. No hedge fund owned as many airlines as we did and not too many people did. Delta, UAL, LCC, US Air, AMR. We owned big percentages in all those stocks. And you know what, they did pretty good… pretty freaking good. I think Delta more than doubled. I think some of these other stocks are up 70%. AMR obviously I think this year the way it’s set up this year it was probably a triple.”

      


  • David Tepper’s Low P/E Stocks

    The highest paid hedge fund manager of 2012, David Tepper frequently makes accurate market forecasts. On Nov. 22, he told Bloomberg that the market is not currently in a bubble, using the S&P and Nasdaq forward PD multiple as an indicator.

    “Basically you have had very little change in P/E multiples in the last five years,” he said, comparing this to a greatly inflated P/E during the pre-Internet bubble from 1995 to 2000. “How can you say there’s any bubble? You see what a bubble looks like,” he added, “This is not one.” He also said that he sees the market going higher in the future.  


  • True Alpha - Tepper’s Top Yield Stocks in Review

    One of the greatest hedge fund investors of all time, David Tepper is the president and founder of hedge fund Appaloosa Management where he has earned a global reputation for producing some of the highest returns ever on Wall Street. Tepper’s windfalls have been made in banking, housing, and power companies, as well as on the bankruptcies of giants like Enron and others. A renowned philanthropist, Tepper has earned the moniker of “the true alpha” investor, claiming fame for a historical record payday of $4 billion in 2009. Tepper personally made $2.2 billion in 2012. As of September 2013, Tepper had a net worth of $7.9 billion, according to Forbes, also naming Tepper as the highest-earning among the top 40 hedge fund managers and traders in 2013.

    Appaloosa Management was founded by David Tepper and Jack Walton in 1993. The hedge fund specializes in distressed debt and invests in public equity and fixed income markets around the world. Appaloosa had net returns of almost 30% last year, with an average annual return of 23.3% over 5 years, and 29.2% since inception in 1993. The stocks bought by David Tepper averaged a 12-month return of 21.45%. In 2010, he returned 22% compared to the S&P500 at 15.06%. His 15-year cumulative return is 27.4% annually.  


  • True Alpha David Tepper Cuts SPY, AAPL, BAC - Sells CMCSA

    As of the third quarter, the updated portfolio of David Tepper of Appaloosa Management lists 64 stocks, 5 of them new, a total value at $6.28 billion, and a quarter-over-quarter turnover of 4%. The portfolio is currently weighted with top three sectors: ETF, options, preferred at 21.6%, industrials at 18.6% and financial services at 18.6%. The stocks bought by Tepper averaged a return of 21.01% over 12 months. These are his high-impact sells from the third quarter of 2013:

    SPDR S&P 500 ETF (SPY): Reduced  


  • Bloomberg: Appaloosa's Tepper Says Stock Markets Not in Bubble

    Following my previous article: Is this the beginning of a secular bull market?
    David Tepper has made another appearance on Bloomberg and opined that the market is NOT in a bubble.
    Tepper was the highest paid hedge fund manager in 2012 and he is known for making sound market calls. [url=http://hedgefundtrades.blogspot.com/2013/11/srchttpplayer.html]Head over here for the full interview.  


  • David Tepper’s Top Five Held Stocks

    Appaloosa founder and renowned hedge fund manager David Tepper is widely regarded for his excellent returns as well as his near perfect timing on his purchases. The guru made his much of his wealth by foreseeing and accurately playing the housing crisis and the financial recovery that was to follow.

    Over the third quarter, David Tepper made new buys in to 5 stocks across various sectors of the market. The hedge fund’s portfolio holds 64 stocks and is valued at nearly $6.3 billion, which is slightly down from last quarter’s portfolio value of nearly $7 billion.  


  • David Tepper Reports 5 Stock Buys in Q3

    Hedge fund manager David Tepper returned 16.8% in the first half of 2013, bringing his net annualized 20-year return to 28%. His $17 billion hedge fund Appaloosa Management in the third quarter reported that he purchased five new holdings, for a total of 64 stocks in his $6.28 billion portfolio. Tepper has placed 21.6% of his portfolio in ETF, options and preferred stocks as the largest sector represented, followed by 18.6% in industrials and 18.6% in financial services.

    Tepper is frequently bullish on the U.S. economy. In October, he told CNBC he did not foresee the Fed tapering in the near future, and that in general markets would continue to climb though be hindered by the government uncertainty.  


  • Tepper’s Two IT Stocks Have the 'It Factor'

    Here’s a drill-down on two Internet technology (IT) stocks in David Tepper’s portfolio that are doing well and seem to have the technology “it factor.” NetApp Inc. (NTAP) is a data storage provider that customizes solutions for a wide variety of applications, such as enabling original equipment manufacturers to offer IT and storage solutions that serve specific customer requirements. Check Point Software Technologies Ltd. (CHKP) from Israel is on a global mission to make the Internet secure, also via IT security.

    Awaiting the third quarter update, Tepper’s portfolio lists 72 stocks, with a total value of $6.9 billion, and a quarter over quarter turnover of 37%. The hedge fund portfolio is weighted with top three sectors: ETF, options, preferred at 27.9%, financial services at 17% and industrials at 15.6%, as of the second quarter of 2013.  


  • Hedge Fund Giant David Tepper Thinks the Fed Can't Taper Any Time Soon

    Tepper thinks that the Fed will not taper for a long time to come. He doesn't think that they have a choice.  


  • 3 David Tepper Stocks Fall to Near 52-Week Lows

    David Tepper, founder of the $14 billion hedge fund Appaloosa Management, is having another remarkable year, with all five of his top five holdings having climbed by double digits, along with the 18.2% gain for the S&P 500. Tepper is renowned for his stock picking and marking reading ability. He has a 10-year cumulative return of 1,335% compared to 16.3% for the S&P 500 through 2010.

    Last month, Tepper also told CNBC that he was bullish on the market going forward after the Fed decided not to taper its $85 billion monthly bond buying policy.  


  • David Tepper’s Biggest Increases in His Most Bullish Sector, Financials

    Hedge fund billionaire David Tepper once staked 67.5% of his portfolio in financial services stocks close to the height of the financial crisis of 2009. He has since eased off of that concentrated weighting considerably, but it is still his favorite sector below his ETF positions, at 17% of his portfolio.

    Tepper is unusually good at reading markets and Fed moves: He made billions rightly guessing that the government would not let major systemic financial institutions fail during the financial crisis. The announcement made today from Federal Reserve Chairman Ben Bernanke that a tapering of the Fed’s QE program was not imminent would be unwelcome news to Tepper. “There better be a true taper, or else you’re back to the second half of ’99,” Tepper said on CNBC’s Squawk Box in May.  


  • Tepper Walks His Talk – Triple Digit Increases in Engineering Companies

    When Guru David Tepper says his hedge fund bets on the country’s revival, nothing demonstrates it better than his investment in ‘bricks and mortar’ engineering and construction companies and their projects. Tepper’s updated portfolio lists 72 stocks, 12 of them new, with a total value of $6.9 billion, and a quarter over quarter turnover of 37%. The hedge fund portfolio is currently weighted with top three sectors: ETF, options, preferred at 27.9%, financial services at 17% and industrials at 15.6%.

    David Tepper, founder of Appaloosa Management, personally earned $2.2 billion in 2012, and is the highest-earning among the top 40 hedge fund managers. His average 12-month return is 26.01%, so every stock in his portfolio is being studied in detail. His top five holdings are well known, but there is so much more to learn about this true alpha. For example, here’s a grouping of four of Tepper’s lesser-known engineering and construction company holdings, three of them characterized by triple-digit increases.  


  • 14 Billionaires Buy as David Tepper Slices AAPL – Second Quarter Update

    David Tepper, founder of Appaloosa Management, was listed by Forbes as the highest-earning among the top 40 hedge fund managers and traders for 2012. With a personal income of $2.2 billion last year, the alpha investor beat out other top earning Gurus for the top slot, including Carl Icahn, Steven Cohen, James Simons, George Soros, Ken Griffin, Ray Dalio, David Shaw, Leon Cooperman and Daniel Loeb. According to GuruFocus Real Time Picks, David Tepper made major tweaks to his portfolio with 30 trades in the second quarter, either reducing or selling out. While 14 billionaire investors added or bought new holdings in Apple (AAPL), David Tepper is one of four Gurus reducing their AAPL positions in the second quarter of 2013.

    Here is Apple's second quarter 2013 highlight related to Tepper’s most recent reduction and other investors slicing AAPL. Read the GuruFocus summary of all of Tepper’s second quarter trades.  


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User Comments

Mocheng
ReplyMocheng - 2 months ago
Jcsepulveda, Not from this site, but you might be able to using SEC Edgar search.
Old_water_dude@yahoo
ReplyOld_water_dude@yahoo - 4 months ago
Tepper has a record of plundering health insurance retirement accounts for Retirees at US Pipe. Selling US Pipe to the Chicago Wynchurch gang , and canceling the health insurance of retirees is not success, it is the tip of the iceberg of evil. The hedge funds are the problem, the most massive assault on human freedom is occurring under the name of hedge funds, absolute epic in history, as the loss of human freedom and dignity by the hedge fund gangs sweeps over the land as a dark cloud of ignorance and fear.
Jcsepulveda
ReplyJcsepulveda - 5 months ago
Is there any way to know how much cash position they are holding?
A.madi27@google
ReplyA.madi27@google - 5 months ago
Please make sure you update the "Share # Change from Last Period". the numbers shown are still the ones from Q4 2013. Thanks.



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