David Tepper

David Tepper

Last Update: 08-14-2015

Number of Stocks: 35
Number of New Stocks: 3

Total Value: $4,037 Mil
Q/Q Turnover: 17%

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

David Tepper Watch

  • 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.


  • Google's Undervaluation: Forget About Moon Shots, Focus On EBITDA

    I hate to invest in large caps. It's my belief a dollar buys a lot more in the nano cap store. I'll keep shopping there as long as I can. Google (GOOG) (GOOGL) is one of only three large caps in my portfolio which is diversified across ~50 holdings. For me to venture into large cap territory, I must really like the investment. I do love Google at the $547 level. So much so that Google is my largest position.

    The hard part of my thesis is explaining why Google is so incredibly undervalued while hundreds of analysts worldwide follow the company and publish research on it. Literally everyone who has ever bought a share knows the company. The media is all over Google and its crazy ventures and reports on every little thing the company comes up with. Why then, does the market not get that there is virtually no downside and tremendous upside at its current ridiculously low price?


  • Investment Gurus Love These 10 Stocks

    Recently I published an article about Warren Buffett's latest dividend stock buys and sells of the recent quarter.

    I'm ever surprised about his new investment. He bought Deere (DE), a great company with high market share in the farmer's equipment segment, while I was selling it due to high debt loads and operational headwinds.


  • Appaloosa's David Tepper Buys American Realty Capital, Sells Citigroup, Halliburton, Mohawk and Almost Everything Else

    Daivd Tepper is probably the best performing hedge fund manager of the last decade. His timing has been perfect. He bet the farm into financial stocks in 2009 as they were beaten down, and made multiple billions almost every year since. But now he is selling out a lot of positions. Does he see something that others don’t?

    David Tepper (Trades, Portfolio) buys only one small position during the fourth quarter, which is the beaten down American Realty Capital Properties Inc. He sold almost everything else, including Citigroup Inc, Halliburton Co, Mohawk Industries Inc, Facebook Inc, SPDR S&P 500 ETF, CBS Corp, Delta Air Lines Inc, Apple Inc, Ford Motor Co, American Airlines Group Inc, Google Inc, etc during the 3-months ended 12/31/2014, according to the most recent filings of his investment company, Appaloosa Management LP.


  • Guru David Tepper Adds One Company to Portfolio in Fourth Quarter

    Hedge fund manager and founder of Appaloosa Management David Tepper (Trades, Portfolio) has built a reputation over the years for investing in distressed companies.

    Tepper bought only one stock in the fourth quarter – American Realty Capital Properties Inc (ARCP), a Phoenix-based real estate company. Tepper bought 2,927,632 shares in the company for an average price of $9.77 per share.


  • David Tepper: Sells Out Of Facebook and Alibaba

    David Tepper of Appaloosa Management has released its Fourth Quarter 13F filing has cut his entire positions in Alibaba (NYSE:BABA) and Facebook (NASDAQ:FB). Appaloosa Management disclosed that the value of its equity holdings were reduced by 40% last year, mainly caused by the firm closing out and even reducing many of its stock holdings. The market value of the firms portfolio was $4.05 billion as of December 31, down from $6.79 billion at the end of September according to its 13f filing. During the fourth quarter Appaloosa sold out all of its 1.16 million shares in Apple (AAPL) that the firm held at the end of September 30, 2014. The Hedge fund also sold out of its entire 7.3 million share stake in Facebook, its 8.3 million share stake in Citigroup (NYSE:C), its 725,000 share stake in Alibaba (NYSE:BABA), its 2.86 million share stake in CBS Corp (NYSE:CBS), its 5 million share stake in Halliburton (NYSE:HAL). Also the fund reduced its holdings in American Air (NASDAQ:AAL) to 4.36 million shares from 7.29 million shares and its also reduced its holdings in Delta (NYSE:DAL) to 3.2 million shares from 7.5 million shares. You can see the sold out positions and reduced positions before and after they were sold out through these links to Appaloosa's 13-f filings; http://www.sec.gov/Archives/edgar/data/1006438/000100643814000008/xslForm13F_X01/Form13FInfoTable.xml



  • Why I’m Bullish on Auto Stocks

    December was a solid month for American automakers. General Motors Company (GM)had its best December sales month since 2007, with sales up 19.3% over last year. Full-year sales were up a respectable 5.3%. Ford Motor Company (F) had its best December since 2005, though its full-year growth numbers were actually down slightly due to, among other things, retooling to make way for its new aluminum-body F-150.

    Even better, after years of haggling, Americans are paying up for their cars again. December had the highest average transaction prices on record, according to Kelley Blue Book, at $34,367.


  • David Tepper's Top Stock Holdings in His Favorite Sector

    David Tepper (Trades, Portfolio) believes 2015 could play out like 1999 as both years were preceded by trouble in Russia and “worldwide money” that was “made too easy for where USA fundamentals were in both late 1998 and 2014,” he told CNBC on Wednesday.

    He also foresaw overvaluation of markets next year, and said they are at fair value now.


  • Seth Klarman Keeps Buying LNG, KERX, PBF And Keeps Selling THRX

    Seth Klarman (Trades, Portfolio) is an investor from America who founded the Baupost Group. The Baupost Goup is a private investment partnership and hedge fund. The Baupost Group has made over 20% annualized gains over the past three decades. Seth Klarman (Trades, Portfolio) is known for being the author of a book on value investing called Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor.

    Unlike many popular hedge fund managers, Klarman’s approach to investing is more conservative and unconventional. Seth Klarman (Trades, Portfolio)’s investment strategy is to identify value investments that have a built-in margin of safety. Klarman mainly invests in companies if he is certain that the investment will not lose much value. His investment style views not losing money just as important as making money.


  • Top Is Near For Apple Shares

    Equity markets ended roughly flat on Tuesday as a surprise drop in U.S. consumer confidence numbers offset positive economic growth figures.

    U.S. Q3 GDP came in much higher than expectations at 3.9% – versus the 3.3% analyst expectation and the 3.5% figure from Q2.

  • David Tepper's Top 4 Holdings: GM, C, PCLN and HCA

    David Tepper (Trades, Portfolio)'s Top 4 Holdings: GM, C, PCLN, and HCA

    David Tepper (Trades, Portfolio) is an American hedge fund manager and founder of Appaloosa Management. He has become known as a philanthropist and was ranked one by Institutional Investor’s Alpha earning $3.5 billion in 2013. Tepper had one of the best five-year performance stretches in the hedge fund industry. His Palomino fund had a 3.4% return in the first half of 2014.


  • David Tepper Buys 4 New Stocks in Q3

    David Tepper (Trades, Portfolio), founder of $20 billion Appaloosa Management and the highest paid hedge fund manager last year,  

  • George Soros: Europe Needs More Stimulus

    George Soros (Trades, Portfolio) is concerned about the European economy. He believes that monetary policy alone won't be enough and that fiscal stimulus will be necessary.

    Another hedge fund heavyweight David Tepper (Trades, Portfolio) is betting on strong government policies adding the economy, and he is betting against the euro as a result.


  • Tepper: Stocks Interesting, Junk Bonds at Fair Value

  • 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.  

  • Keurig Green Mountain: The Case For A Copy-Cat Short

    • Einhorn may present new research on GMCR at the next Value Investing Congress in September
    • Multiple ways through which the company can deteriorate
    • Stock is ~20% higher than where Einhorn shorted it & stock market overvaluation provides additional headwind

  • Top Insider Sells Highlight: Cytec Industries Inc.

    Vice President and CFO of Cytec Industries Inc. (NYSE:CYT) David Drillock sold 49,038 shares on July 21 at an average price of $107.06. The total transaction amount was $5,250,008.

    Cytec Industries was incorporated as an independent public company in December 1993. Cytec Industries Inc has a market cap of $3.85 billion; its shares were traded at around $107.42 with a P/E ratio of 20.70 and P/S ratio of 2.10. The dividend yield of Cytec Industries stocks is 0.50%. Cytec Industries had an annual average earnings growth of 46.60% over the past 5 years.


  • Top Insider Sells Highlight: Broadcom Corp.

    President & CEO of Broadcom (NASDAQ:BRCM) Scott McGregor sold 75,000 shares on July 14 at an average price of $37.78. The total transaction amount is $2,833,500.

    Broadcom Corporation was incorporated in California in August 1991. Broadcom Corp has a market cap of $22.08 billion; its shares were traded at around $37.75 with a P/E ratio of 54.80 and P/S ratio of 2.70. The dividend yield of Broadcom Corp stocks is 1.20%. Broadcom Corp had an annual average earnings growth of 19.10% over the past 10 years.


  • Whirlpool Continues to Be an Attractive Investment

    In this article let's take a look at Whirlpool Corp. (NYSE:WHR), the leading manufacturer and marketer of home appliances.

    Global Operations


  • Listening to the Smart Guys: Be Cautious

    Hedge fund manager David Tepper (Trades, Portfolio) shook up the markets this week when he announced at the SALT Conference in Las Vegas that he was nervous about the market.

    Tepper told attendees, in a shot heard round the world thanks to the Internet, that this was a pretty good time to hold some cash. In his words: “I'm not saying go short, just don't be too friggin' long.”


  • Top 5 Net Buys Of The Investing Gurus

    The top net buys of the investing gurus in Q1 of 2014 were American Airlines (NASDAQ:AAL), National Oilwell Varco (NYSE:NOV), Gaming and Leisure Properties (NASDAQ:GLPI), Symantec (NASDAQ:SYMC), and Verizon (NYSE: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)


  • You Should Take a Closer Look at CBS Corporation

    CBS Corporation (NYSE:CBS) is a mass media company. The company operates in the following segments: entertainment segment (55% of 2013 revenue) consists of the CBS Television Network, CBS Television Studios and CBS Global Distribution Group, CBS Films, and CBS Interactive; Cable Networks (11%), which is composed of Showtime Networks, CBS Sports Network, and Smithsonian Networks; Publishing (5%), which consists of Simon & Schuster; Local Broadcasting (18%), which is composed of CBS Television Stations and CBS Radio; and Outdoor Americas (9%), which provides advertising space on various structures, including billboards, transit shelters and benches, buses, rail systems, mall kiosks, stadium signage, and in retail stores.

    In this article, let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment opportunity.


  • America's Two Largest Providers of Wired Broadband

    Comcast Corporation (NASDAQ:CMCSA) is a media and technology company with two businesses, Comcast Cable and NBCUniversal Media LLC. The company has five segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

    In this article, let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment.


  • 5-Year Lows: Ruckus Wireless Inc., Alpha Natural Resources Inc., Aviv REIT Inc. and Ply Gem Holdings Inc.

    According to GuruFocus list of 5-year lows, these Guru stocks have reached their five-year lows: Ruckus Wireless Inc., Alpha Natural Resources Inc., Aviv REIT Inc. and Ply Gem Holdings Inc.

    Ruckus Wireless Inc. (NYSE:RKUS) Reached the Five-Year Low of $11.63


  • Halliburton Is One of the World's Largest Oil Field Services Companies and Will Continue to Be

    Halliburton Company (NYSE:HAL) is a provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. In this article, let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment.

    Top Three


  • Halvorsen Comes Head-to-Head with Cooperman Over Eastman Chemical

    There is a certain fun about following gurus’ actions, especially when their actions disagree. That has been the case between Andreas Halvorsen (Trades, Portfolio) and Leon Cooperman (Trades, Portfolio). The first was the largest shareholder with 5,784,190 shares, until selling 91% of the position in the open market last December. On the other hand, Cooperman increased his holding by 12% during the same period to a total of 2,070,781 shares. He is now the largest shareholder, followed by David Tepper (Trades, Portfolio) who joined as an investor during the last quarter of 2013. Another relevant investment has been Renaissance Technologies’ holding increment. Tepper and Simons however, hold positions around a fourth the size of Cooperman’s. Nonetheless, it is clear that gurus have seen something on Eastman Chemical (NYSE:EMN).


  • An Advertising Giant Tredding on Solid Ground

    As the third largest advertising and marketing company in the world, Interpublic Group of Companies Inc. (NYSE: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.


  • Stocks Tend to Outperform Bonds but with Greater Risk

    Markets opened higher on Tuesday following a crush on Monday that saw all three major indexes put up at least a 2% loss on the day. Wall Street closed Tuesday with gains: The DJIA closed up 0.47% (advanced 72.44 points, at 15445.24), the S&P 500 closed up 0.76% (advanced 13.31 points, at 1755.20) and the Nasdaq Composite closed up 0.86% (moved up 35.12 points to 4032.08).

    The SPDR S&P 500 ETF Trust (SPY)


  • A Far-Larger Hospital and a Far-Larger Stock Position

    On Dec.23, Larry Robbins added Tenet Healthcare Corp. (NYSE:THC). It was the third time he added the stock during this month, which makes me feel that he is betting in favor of a positive future for hospitals benefiting from the implementation of the health care reform.

    Acquisition of Nashville-Based Vanguard Health Systems


  • 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.  

  • Stocks That Both David Tepper and David Einhorn Own

    Both David Tepper and David Einhorn have been nominated as GuruFocus’ Guru of the Year 2013, so I decided to see which stocks both gurus hold on to and what they had to say about them. The three top stocks held by both are General Motors (NYSE:GM), Apple (NASDAQ:AAPL) and Delphi Automotive PLC (NYSE:DLPH).

    David Einhorn’s Top Five Holdings:


  • 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.  

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