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

  • David Tepper Sells Out of Apple, Buys Facebook and Oil

    David Tepper - 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

    David Tepper - 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

    David Tepper, David Dreman, Lee Ainslie - 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

    David Einhorn,David Tepper - 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

    Warren Buffett,David Tepper,Howard Marks,Mohnish P - 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, David Einhorn - 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,Eric Mindich,David Tepper,Steven Cohen - 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

    Steven Romick, Bill Nygren, David Tepper - 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?

    David Tepper - 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

    Tom Gayner, David Rolfe, David Tepper, Mario Gabel - 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

    David Tepper, George Soros, Larry Robbins, Sarah K - 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

    David Tepper - 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

    David Tepper - 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

    Warren Buffett,David Tepper,George Soros,Glenn Gre - 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%.

      


  • Goodyear Tire Among Companies Trading With Very Low PE

    Diamond Hill Capital, David Tepper, Scott Black, L - Goodyear Tire Among Companies Trading With Very Low PE

    The following are companies with high and growing dividend yields that gurus are buying according to GuruFocus' All-in-One Screener.


    Goodyear Tire & Rubber Co. (GT) is trading with a P/E ratio of 2.90. According to the DCF calculator, the stock has a fair value of $14.34, while it is trading at about $11.77. That means it is overpriced by 152%. The price has risen by 12% during the last 12 months and is now 15.89% below its 52-week high and 19.24% above its 52-week low.

      


  • It’s About Time: Smart Money Finally Nibbling at Pipeline MLPs

    Warren Buffett,David Tepper - It’s About Time: Smart Money Finally Nibbling At Pipeline MLPs Midstream oil and gas pipeline MLPs have been just about the most despised asset class in recent memory. Yes they just got a major shot in the arm from two legendary investors,Warren Buffett (Trades, Portfolio) and David Tepper (Trades, Portfolio).

    Buffett’s Berkshire Hathway just disclosed today that it accumulated 26.5 million shares at an average price of $23.72, putting his cost basis at just shy of $630 million. That’s a small 0.3% piece of Berkshire’s portfolio, but it does represent over 1% of Kinder Morgan’s outstanding shares. And these numbers are as of year end. Buffett may very well have added to this position significantly in the six weeks that have followed. Shares have certainly gotten cheaper (they closed today at $15.62).  


  • Gap, Qualcomm Are High-Yield Stocks Gurus Are Buying

    David Tepper, Steven Cohen, Bill Nygren, Edward La - Gap, Qualcomm Are High-Yield Stocks Gurus Are Buying

    The following are companies with high and growing dividend yields that gurus are buying according to GuruFocus' All-in-One Screener.


    Ingersoll-Rand PLC (IR) has a trailing dividend yield of 2.26% with a three-year growth rate of 32.50% and a five-year growth rate of 22.70%. The stock is now trading with a trailing 12-month P/E multiple of 20.10 and an estimated forward P/E multiple of 11.60. During the last 12 months, the stock price has dropped by 24%.

      


  • More Than a Third of David Tepper's New Buys Come From Energy Sector

    David Tepper - More Than A Third Of David Tepper's New Buys Come From Energy Sector

    David Tepper (Trades, Portfolio)’s long equity portfolio update for the fourth quarter indicates he is betting on an oil rebound, with more than a third of his new buys coming from the energy sector, including the two largest.


    Tepper initiated 24 new long positions at his hedge fund, Appaloosa Management, for a total of 52 holdings and turnover of 39%. Energy holdings represented roughly 10% of the portfolio at quarter-end, the sixth largest sector represented. The entire portfolio was valued at $5 billion.

      


  • CF Industries Among Stocks Trading Below Peter Lynch Value

    Kyle Bass, David Tepper, Mario Gabelli, Martin Whi - CF Industries Among Stocks Trading Below Peter Lynch Value

    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.


    CF Industries Holdings Inc. (CF) is trading at about $27 per share, and the Peter Lynch value gives the stock a fair price of $57.49, giving the current price a margin of safety of 53%. It is now trading with a PE ratio of 7.17, higher than 86% of companies in the Global Agricultural Inputs industry and is currently 60.97% below its 52-week high and 2.45% above its 52-week low.

      


  • Guru Stocks That Have Outperformed S&P 500

    David Tepper, Joel Greenblatt,John Paulson, George - Guru Stocks That Have Outperformed S&P 500

    The following are some of the stocks that outperformed the S&P 500 Index over the last 12 months and have been bought by gurus during the last quarter.


    JetBlue Airways Corp. (JBLU) has a market cap of $6.78 billion, and during the last 12 months has outperformed the S&P 500 Index by 38.1%. Six gurus are currently holding the company.

      


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