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

  • 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.


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