David Tepper

David Tepper

Last Update: 05-16-2016

Number of Stocks: 50
Number of New Stocks: 10

Total Value: $5,657 Mil
Q/Q Turnover: 31%

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

David Tepper Watch

  • 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.

      


  • Dan Loeb's Third Point Portfolio Highly Concentrated

    Daniel Loeb´s Third Point disclosed an equity portfolio valued at some $9.86 billion at the end of the fourth quarter of 2015. The equity portfolio is mainly invested in Health Care (53%), Materials (17%) and Consumer Discretionary (11%) stocks.


    Among the 10 largest holdings from Loeb’s equity portfolio (which compose 82.43% of the total portfolio value) at the end of the fourth quarter, the three top positions are Baxter International Inc. (NYSE:BAX), Allergan PLC (NYSE:AGN) and Amgen Inc. (NASDAQ:AMGN).

      


  • Citigroup, Amgen Are Trading With Wide Margin of Safety

    The following are some of the stocks that are trading below the Peter Lynch earnings line, according to GuruFocus' All-in-One Screener.


    Citigroup Inc. (C) is trading at about $42, but the Peter Lynch earnings line gives the company a fair price of $57.62, giving the stock a margin of safety of 27%. It is trading with a PE ratio of 7.78 that is ranked higher than 78% of its competitors in the Global Banks - Global industry, and is currently 31.22% below its 52-week high and 21.44% above its 52-week low.

      


  • Is SunEdison Out of Trouble Now?

    SunEdison (SUNE) has been a volatile stock to hold over the last few months.


    As SunEdison investors know, double-digit movements are pretty common on a daily basis, which is why investors should stay away from SunEdison. The company’s incompetent management, debt burden and lack of profitability indicate that the stock is not a good investment.

      


  • Walt Disney, Union Pacific: Undervalued With Predictable Business

    According to GuruFocus’ All-in-One Screener, the following stocks have a high business predictability rating, and at least five gurus are shareholders in the companies.


    Walt Disney Co. (DIS)

      


  • Stocks Trading Below Peter Lynch Earnings Line

    According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with a wide margin of safety and at least five gurus are shareholders.


    Delta Air Lines Inc. (DAL) is trading at the price of $47.86, but the Peter Lynch earnings line gives to the company a fair price of $88.75, giving the stock a margin of safety of 46%. It is trading with a PE ratio of 13.50 that is ranked lower than 55% of its competitors in the Global Airlines industry, and is currently -9.30% from its 52-week high and +38.28% from its 52-week low.

      


  • Industrial Stock United Rental May Hit $100 in 3 Years

    United Rentals Inc. (NYSE:URI) offers equipment for rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, government entities but mostly big machinery. The company has over 880 facilities and stores across the U.S. and Canada.


    With over 50% of the equipment of United Rentals utilized for industrial purposes outside commercial or residential construction, it’s number one in the U.S. market with over 12% share. The company expects the market to grow at 7% year-over-year until 2020.

      


  • Why SunEdison May Go Bankrupt

    While there’s no denying that the solar industry will continue growing in the future, many stocks in the sector have a bad business model and terrible management and should be avoided. One such stock is SunEdison (SUNE), which is down about 72% this year and has been pretty volatile for the past few months. With SunEdison near 52-week lows, I don’t think investors should be tempted into buying the stock on the hopes of a recovery.


    Problem with renewable energy business

      


  • Why I Am Not Buying Kinder Morgan

    A Wall Street Journal article titled, “Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) Sells AT&T Shares, Buys Into Kinder Morgan” was published late afternoon Feb. 16. Any eager value investor who lacks time to assess Kinder Morgan (NYSE:KMI) would be tempted to place an off-hours order in order to join Buffett in this "value" purchase.


    The following day, Kinder Morgan was up ~9.86% at closing while the Standard & Poor's 500 was only up by 1.65%.

      


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