David Tepper

David Tepper

Last Update: 02-13-2015

Number of Stocks: 28
Number of New Stocks: 1

Total Value: $4,049 Mil
Q/Q Turnover: 1%

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

David Tepper Watch

  • 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 (BABA) and Facebook (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 (C), its 725,000 share stake in Alibaba (BABA), its 2.86 million share stake in CBS Corp (CBS), its 5 million share stake in Halliburton (HAL). Also the fund reduced its holdings in American Air (AAL) to 4.36 million shares from 7.29 million shares and its also reduced its holdings in Delta (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. (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 (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. (WHR), the leading manufacturer and marketer of home appliances.

    Global Operations


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