This is the Q3 portfolio update of renowned hedge fund manager David Tepper. His fund Appaloosa Management owns 73 stocks with total value of $3.4 billion.
Tepper made a name for himself by backing up his truck and scoop up the financial stocks at the market low of 2Q09. He made $7.5 billion last year for his fund and returned 132 percent. But the performance is not unusual: Tepper returned an average north of 40% in the past 17 years. Talking about his success in the past, Tepper “it is easy, basically the government told you what they are going to do”, so he just followed the government and bought into the financials.
As for the future, Tepper sees that “everything going up, everything” since Fed is going to use QEII to create some inflation.
As Tepper said, he is more of a bond guy, but he has upped his equity long positions recently given the latest Fed statement.
You can watch his recent interviews here:
David Tepper buys Hewlettpackard Company, Cisco Systems Inc., Ual Corp., Semiconductor Holdrs Trust Semiconductor, Medtronic Inc., Applied Materials Inc., International Paper Company, Unitedhealth Group Inc., Wellpoint Inc., Klatencor Corp., Covidien Ltd., Becton Dickinson And Company, Cigna Corp., Lam Research Corp., Teradyne Inc., Templeinland Inc., Smurfitstone Container Corp., Texas Instruments Inc., Intel Corp., Altera Corp., Analog Devices Inc., Broadcom Corp., Xilinx Inc., Linear Technology Corp., Dana Holding Corp, sells Arkansas Best Corp., E*trade Financial Corp., Officemax Inc., The Pnc Financial Services Group Inc., Sunoco Inc., Tesoro Corp., Valero Energy Corp., Yrc Worldwide Inc. during the 3-months ended 09/30/2010, according to the most recent filings of his investment company, APPALOOSA MANAGEMENT LP. David Tepper owns 73 stocks with a total value of $3.4 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of David Tepper
Added: Pfizer Inc (PFE, Financial)
David Tepper added to his holdings in Pfizer Inc by 46%. His purchase prices were between $14.14 and $17.425, with an estimated average price of $15.94. The impact to his portfolio due to this purchase was 2.67%. His holdings were 16,562,202 shares as of 09/30/2010.
Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $135.45 billion; its shares were traded at around $16.85 with a P/E ratio of 7.5 and P/S ratio of 2.7. The dividend yield of Pfizer Inc stocks is 4.2%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
Added: Microsoft Corp. (MSFT, Financial)
David Tepper added to his holdings in Microsoft Corp. by 17.12%. His purchase prices were between $23.27 and $26.33, with an estimated average price of $24.82. The impact to his portfolio due to this purchase was 0.3%. His holdings were 2,800,911 shares as of 09/30/2010.
Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $227.33 billion; its shares were traded at around $26.27 with a P/E ratio of 11.4 and P/S ratio of 3.6. The dividend yield of Microsoft Corp. stocks is 1.9%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
Added: Us Airways Group Inc. (LCC)
David Tepper added to his holdings in Us Airways Group Inc. by 29.62%. His purchase prices were between $8.08 and $10.91, with an estimated average price of $9.37. The impact to his portfolio due to this purchase was 0.14%. His holdings were 2,268,266 shares as of 09/30/2010.
America West Holdings Corporation is the parent company of AWA and TLC. Us Airways Group Inc. has a market cap of $1.72 billion; its shares were traded at around $10.63 with a P/E ratio of 5.9 and P/S ratio of 0.2.
Added: The Goodyear Tire & Rubber Company (GT)
David Tepper added to his holdings in The Goodyear Tire & Rubber Company by 12.32%. His purchase prices were between $9.24 and $12.37, with an estimated average price of $10.7. The impact to his portfolio due to this purchase was 0.11%. His holdings were 3,077,751 shares as of 09/30/2010.
Goodyear is one of the world's largest tire companies. The Goodyear Tire & Rubber Company has a market cap of $2.45 billion; its shares were traded at around $10.1 with a P/E ratio of 17.8 and P/S ratio of 0.2.
New Purchase: Hewlettpackard Company (HPQ, Financial)
David Tepper initiated holdings in Hewlettpackard Company. His purchase prices were between $38 and $47.57, with an estimated average price of $42.45. The impact to his portfolio due to this purchase was 4.67%. His holdings were 3,723,144 shares as of 09/30/2010.
Hewlett Packard is one of the global providers of computing and imaging solutions and services for business and home. Hewlettpackard Company has a market cap of $95.72 billion; its shares were traded at around $42.21 with a P/E ratio of 9.7 and P/S ratio of 0.9. The dividend yield of Hewlettpackard Company stocks is 0.7%. Hewlettpackard Company had an annual average earning growth of 26.5% over the past 5 years.
New Purchase: Cisco Systems Inc. (CSCO, Financial)
David Tepper initiated holdings in Cisco Systems Inc.. His purchase prices were between $19.985 and $24.77, with an estimated average price of $22.21. The impact to his portfolio due to this purchase was 3.93%. His holdings were 6,013,386 shares as of 09/30/2010.
Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $112.54 billion; its shares were traded at around $20.15 with a P/E ratio of 14.4 and P/S ratio of 2.8. Cisco Systems Inc. had an annual average earning growth of 23% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 2.5-star.
New Purchase: Ual Corp. (UAUA, Financial)
David Tepper initiated holdings in Ual Corp.. His purchase prices were between $18.59 and $24.25, with an estimated average price of $21.86. The impact to his portfolio due to this purchase was 1.85%. His holdings were 2,622,898 shares as of 09/30/2010.
United Airlines organization is committed to continuous improvements in costs, revenues and operations to sustain and enhance a competitive margin. Ual Corp. has a market cap of $3.99 billion; its shares were traded at around $23.66 with and P/S ratio of 0.2.
New Purchase: Semiconductor Holdrs Trust Semiconductor (SMH)
David Tepper initiated holdings in Semiconductor Holdrs Trust Semiconductor. His purchase prices were between $24.27 and $28.67, with an estimated average price of $26.74. The impact to his portfolio due to this purchase was 1.41%. His holdings were 1,710,000 shares as of 09/30/2010.
Semiconductor Holdrs Trust Semiconductor has a market cap of $2.08 billion; its shares were traded at around $30.52 . The dividend yield of Semiconductor Holdrs Trust Semiconductor stocks is 1%.
New Purchase: Medtronic Inc. (MDT, Financial)
David Tepper initiated holdings in Medtronic Inc.. His purchase prices were between $31.21 and $38.06, with an estimated average price of $35.14. The impact to his portfolio due to this purchase was 1.41%. His holdings were 1,411,974 shares as of 09/30/2010.
Medtronic is the world's medical technology company, pioneeringdevice-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $37.4 billion; its shares were traded at around $34.63 with a P/E ratio of 10.7 and P/S ratio of 2.3. The dividend yield of Medtronic Inc. stocks is 2.7%. Medtronic Inc. had an annual average earning growth of 11.4% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4.5-star.
New Purchase: Applied Materials Inc. (AMAT)
David Tepper initiated holdings in Applied Materials Inc.. His purchase prices were between $10.37 and $12.61, with an estimated average price of $11.52. The impact to his portfolio due to this purchase was 1.31%. His holdings were 3,765,483 shares as of 09/30/2010.
Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials Inc. has a market cap of $16.82 billion; its shares were traded at around $12.59 with a P/E ratio of 19.9 and P/S ratio of 3.3. The dividend yield of Applied Materials Inc. stocks is 2.2%.
New Purchase: International Paper Company (IP)
David Tepper initiated holdings in International Paper Company. His purchase prices were between $19.88 and $25.5, with an estimated average price of $22.65. The impact to his portfolio due to this purchase was 1.26%. His holdings were 1,938,332 shares as of 09/30/2010.
International Paper Co. is a global paper and forest products company thatis complemented by an extensive distribution system. International Paper Company has a market cap of $11.22 billion; its shares were traded at around $25.67 with a P/E ratio of 15.9 and P/S ratio of 0.5. The dividend yield of International Paper Company stocks is 2%. International Paper Company had an annual average earning growth of 1% over the past 10 years.
New Purchase: Unitedhealth Group Inc. (UNH)
David Tepper initiated holdings in Unitedhealth Group Inc.. His purchase prices were between $28.3 and $35.73, with an estimated average price of $32.34. The impact to his portfolio due to this purchase was 1.21%. His holdings were 1,156,245 shares as of 09/30/2010.
UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $41.23 billion; its shares were traded at around $36.67 with a P/E ratio of 9.2 and P/S ratio of 0.5. The dividend yield of Unitedhealth Group Inc. stocks is 1.4%. Unitedhealth Group Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 3.5-star.
New Purchase: Wellpoint Inc. (WLP)
David Tepper initiated holdings in Wellpoint Inc.. His purchase prices were between $47.43 and $56.69, with an estimated average price of $52.57. The impact to his portfolio due to this purchase was 1.03%. His holdings were 607,700 shares as of 09/30/2010.
WellPoint, Inc. is the largest publicly traded commercial health benefits company in terms of membership in the United States. Wellpoint Inc. has a market cap of $23.22 billion; its shares were traded at around $58.08 with a P/E ratio of 9 and P/S ratio of 0.4. Wellpoint Inc. had an annual average earning growth of 21.6% over the past 10 years.
New Purchase: Klatencor Corp. (KLAC)
David Tepper initiated holdings in Klatencor Corp.. His purchase prices were between $27.21 and $35.12, with an estimated average price of $30.43. The impact to his portfolio due to this purchase was 0.67%. His holdings were 637,460 shares as of 09/30/2010.
KLA-Tencor Corporation is one of the world's suppliers of process control and yield management solutions for the semiconductor and related microelectronics industries. Klatencor Corp. has a market cap of $6.12 billion; its shares were traded at around $36.68 with a P/E ratio of 15.4 and P/S ratio of 3.4. The dividend yield of Klatencor Corp. stocks is 2.6%.
New Purchase: Covidien Ltd. (COV)
David Tepper initiated holdings in Covidien Ltd.. His purchase prices were between $35.34 and $40.99, with an estimated average price of $38.52. The impact to his portfolio due to this purchase was 0.66%. His holdings were 553,900 shares as of 09/30/2010.
Covidien PLC, formerly Covidien Ltd, is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Covidien Ltd. has a market cap of $22.11 billion; its shares were traded at around $44.09 with a P/E ratio of 13.3 and P/S ratio of 2.1. The dividend yield of Covidien Ltd. stocks is 1.7%.
New Purchase: Becton Dickinson And Company (BDX)
David Tepper initiated holdings in Becton Dickinson And Company. His purchase prices were between $66.89 and $74.82, with an estimated average price of $70.49. The impact to his portfolio due to this purchase was 0.58%. His holdings were 263,200 shares as of 09/30/2010.
Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. Becton Dickinson And Company has a market cap of $17.94 billion; its shares were traded at around $77.27 with a P/E ratio of 15.2 and P/S ratio of 2.4. The dividend yield of Becton Dickinson And Company stocks is 1.9%. Becton Dickinson And Company had an annual average earning growth of 13.9% over the past 10 years. GuruFocus rated Becton Dickinson And Company the business predictability rank of 4.5-star.
New Purchase: Cigna Corp. (CI)
David Tepper initiated holdings in Cigna Corp.. His purchase prices were between $29.77 and $36.01, with an estimated average price of $32.88. The impact to his portfolio due to this purchase was 0.53%. His holdings were 495,624 shares as of 09/30/2010.
CIGNA Corporation is an investor-owned employee benefits organizations in the United States. Cigna Corp. has a market cap of $10.34 billion; its shares were traded at around $37.36 with a P/E ratio of 8.3 and P/S ratio of 0.6. The dividend yield of Cigna Corp. stocks is 0.1%.
New Purchase: Lam Research Corp. (LRCX)
David Tepper initiated holdings in Lam Research Corp.. His purchase prices were between $36.11 and $42.84, with an estimated average price of $39.55. The impact to his portfolio due to this purchase was 0.45%. His holdings were 363,399 shares as of 09/30/2010.
Lam Research Corporation designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam Research Corp. has a market cap of $5.57 billion; its shares were traded at around $45.31 with a P/E ratio of 11.3 and P/S ratio of 2.6.
New Purchase: Teradyne Inc. (TER)
David Tepper initiated holdings in Teradyne Inc.. His purchase prices were between $8.98 and $11.4, with an estimated average price of $10.12. The impact to his portfolio due to this purchase was 0.34%. His holdings were 1,012,032 shares as of 09/30/2010.
Teradyne, Inc. is a manufacturer of automatic test equipment and related software for the electronics and communications industries. Teradyne Inc. has a market cap of $2.1 billion; its shares were traded at around $11.58 with a P/E ratio of 5.8 and P/S ratio of 2.6.
New Purchase: Templeinland Inc. (TIN)
David Tepper initiated holdings in Templeinland Inc.. His purchase prices were between $15.75 and $22.81, with an estimated average price of $19.4. The impact to his portfolio due to this purchase was 0.32%. His holdings were 569,489 shares as of 09/30/2010.
Temple-Inland, Inc. is a holding company that conducts all of its operations through its subsidiaries. Templeinland Inc. has a market cap of $2.19 billion; its shares were traded at around $20.3 with a P/E ratio of 39.1 and P/S ratio of 0.6. The dividend yield of Templeinland Inc. stocks is 2.3%.
New Purchase: Smurfitstone Container Corp. (SSCC)
David Tepper initiated holdings in Smurfitstone Container Corp.. His purchase prices were between $16.67 and $21.7, with an estimated average price of $19.39. The impact to his portfolio due to this purchase was 0.12%. His holdings were 216,000 shares as of 09/30/2010.
Smurfit-Stone Container Corporation is an integrated producer of containerboard corrugated containers and other packaging products. Smurfitstone Container Corp. has a market cap of $2.07 billion; its shares were traded at around $22.77 with a P/E ratio of 24.7 and P/S ratio of 0.4.
New Purchase: Texas Instruments Inc. (TXN)
David Tepper initiated holdings in Texas Instruments Inc.. His purchase prices were between $23.02 and $27.06, with an estimated average price of $24.83. The impact to his portfolio due to this purchase was 0.11%. His holdings were 130,000 shares as of 09/30/2010.
Texas Instruments, Inc. is a global semiconductor company and one of the world's designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. Texas Instruments Inc. has a market cap of $36.99 billion; its shares were traded at around $30.95 with a P/E ratio of 13 and P/S ratio of 3.6. The dividend yield of Texas Instruments Inc. stocks is 1.7%. Texas Instruments Inc. had an annual average earning growth of 4.2% over the past 5 years.
New Purchase: Intel Corp. (INTC)
David Tepper initiated holdings in Intel Corp.. His purchase prices were between $17.665 and $21.78, with an estimated average price of $19.67. The impact to his portfolio due to this purchase was 0.1%. His holdings were 180,400 shares as of 09/30/2010.
Intel Corporation is one of the world's largest semiconductor chip maker. Intel Corp. has a market cap of $119.88 billion; its shares were traded at around $21.53 with a P/E ratio of 11.6 and P/S ratio of 3.5. The dividend yield of Intel Corp. stocks is 2.9%. Intel Corp. had an annual average earning growth of 2.5% over the past 10 years.
New Purchase: Analog Devices Inc. (ADI)
David Tepper initiated holdings in Analog Devices Inc.. His purchase prices were between $27.87 and $31.67, with an estimated average price of $29.57. The impact to his portfolio due to this purchase was 0.06%. His holdings were 64,000 shares as of 09/30/2010.
Analog Devices, Inc. is one of the world leaders in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits used in signal processing applications. Analog Devices Inc. has a market cap of $10.2 billion; its shares were traded at around $34.21 with a P/E ratio of 17.1 and P/S ratio of 4.9. The dividend yield of Analog Devices Inc. stocks is 2.5%. Analog Devices Inc. had an annual average earning growth of 1.6% over the past 10 years.
New Purchase: Altera Corp. (ALTR)
David Tepper initiated holdings in Altera Corp.. His purchase prices were between $24.65 and $30.62, with an estimated average price of $27.16. The impact to his portfolio due to this purchase was 0.06%. His holdings were 68,000 shares as of 09/30/2010.
Altera Corporation designs, manufactures, and markets a broad range of high-performance, high-density programmable logic devices and associated development tools, focusing on ease of use, lower risk, and fast time-to-market. Altera Corp. has a market cap of $9.98 billion; its shares were traded at around $32.5 with a P/E ratio of 15.5 and P/S ratio of 8.4. The dividend yield of Altera Corp. stocks is 0.7%. Altera Corp. had an annual average earning growth of 6.6% over the past 5 years.
New Purchase: Xilinx Inc. (XLNX)
David Tepper initiated holdings in Xilinx Inc.. His purchase prices were between $24.14 and $29.28, with an estimated average price of $26.53. The impact to his portfolio due to this purchase was 0.05%. His holdings were 57,000 shares as of 09/30/2010.
Xilinx, Inc. designs, develops and markets complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic and field engineering support. Xilinx Inc. has a market cap of $6.9 billion; its shares were traded at around $26.64 with a P/E ratio of 12.7 and P/S ratio of 3.7. The dividend yield of Xilinx Inc. stocks is 2.4%. Xilinx Inc. had an annual average earning growth of 17.5% over the past 10 years. GuruFocus rated Xilinx Inc. the business predictability rank of 2.5-star.
New Purchase: Broadcom Corp. (BRCM)
David Tepper initiated holdings in Broadcom Corp.. His purchase prices were between $29.96 and $38.21, with an estimated average price of $34.64. The impact to his portfolio due to this purchase was 0.05%. His holdings were 44,000 shares as of 09/30/2010.
Broadcom Corporation is a developer of highly integrated siliconsolutions that enable broadband digital data transmission to the home and within the business enterprise. Broadcom Corp. has a market cap of $20.81 billion; its shares were traded at around $41.34 with a P/E ratio of 21.4 and P/S ratio of 4.7. The dividend yield of Broadcom Corp. stocks is 0.8%.
New Purchase: Linear Technology Corp. (LLTC)
David Tepper initiated holdings in Linear Technology Corp.. His purchase prices were between $27.84 and $32.8, with an estimated average price of $30.62. The impact to his portfolio due to this purchase was 0.04%. His holdings were 49,000 shares as of 09/30/2010.
Linear Technology products include operational, instrumentation and audio amplifiers; voltage regulators, power management devices, DC-DC converters and voltage references; comparators; monolithic filters; communications interface circuits; one-chip data acquisition sub-systems; pulse-width modulators and sample-and-hold devices. Linear Technology Corp. has a market cap of $7.22 billion; its shares were traded at around $31.44 with a P/E ratio of 16 and P/S ratio of 6.2. The dividend yield of Linear Technology Corp. stocks is 2.9%. Linear Technology Corp. had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated Linear Technology Corp. the business predictability rank of 3.5-star.
New Purchase: Dana Holding Corp (DAN)
David Tepper initiated holdings in Dana Holding Corp. His purchase prices were between $9.2 and $12.7, with an estimated average price of $11.15. The impact to his portfolio due to this purchase was 0.01%. His holdings were 34,974 shares as of 09/30/2010.
DANA HOLDING CORP is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. Dana Holding Corp has a market cap of $2.05 billion; its shares were traded at around $14.57 with and P/S ratio of 0.4.
Reduced: Gramercy Capital Corp. (GKK)
David Tepper reduced to his holdings in Gramercy Capital Corp. by 44.45%. His sale prices were between $1.25 and $1.65, with an estimated average price of $1.41. The impact to his portfolio due to this sale was -0.06%. David Tepper still held 1,730,221 shares as of 09/30/2010.
Gramercy Capital Corp. is a commercial real estate specialty finance company focused on originating and acquiring whole loans, subordinate interests in whole loans, mezzanine loans, and preferred equity interests in entities that own commercial real estate throughout the United States. Gramercy Capital Corp. has a market cap of $106.3 million; its shares were traded at around $2.13 with and P/S ratio of 0.2. Gramercy Capital Corp. had an annual average earning growth of 74.2% over the past 5 years.
Reduced: Navistar International Corp. (NAV)
David Tepper reduced to his holdings in Navistar International Corp. by 45.33%. His sale prices were between $41.27 and $54.7, with an estimated average price of $47.01. The impact to his portfolio due to this sale was -0.44%. David Tepper still held 410,974 shares as of 09/30/2010.
Navistar International is a holding company and its principal operating subsidiary is Navistar Int'l Transportation Corp. Navistar International Corp. has a market cap of $3.65 billion; its shares were traded at around $50.87 with a P/E ratio of 11.6 and P/S ratio of 0.3. Navistar International Corp. had an annual average earning growth of 1.4% over the past 5 years.
Reduced: Con-way Inc. (CNW)
David Tepper reduced to his holdings in Con-way Inc. by 87.03%. His sale prices were between $26.21 and $34.89, with an estimated average price of $30.06. The impact to his portfolio due to this sale was -0.54%. David Tepper still held 82,075 shares as of 09/30/2010.
Con-way Inc.is a freight transportation and logistics company with businesses in less-than-truckload and full truckload freight services, brokerage, logistics, warehousing, supply chain management and trailer manufacturing. Con-way Inc. has a market cap of $1.81 billion; its shares were traded at around $33.26 with a P/E ratio of 73.9 and P/S ratio of 0.4. The dividend yield of Con-way Inc. stocks is 1.2%. Con-way Inc. had an annual average earning growth of 0.8% over the past 10 years.
Reduced: Cf Industries Holdings Inc. (CF)
David Tepper reduced to his holdings in Cf Industries Holdings Inc. by 46.73%. His sale prices were between $67.34 and $101.69, with an estimated average price of $86.76. The impact to his portfolio due to this sale was -1.61%. David Tepper still held 647,703 shares as of 09/30/2010.
CF Industries Holdings, Inc. is the holding company for the operations of CF Industries, Inc. Cf Industries Holdings Inc. has a market cap of $8.5 billion; its shares were traded at around $119.65 with a P/E ratio of 18.1 and P/S ratio of 3.3. The dividend yield of Cf Industries Holdings Inc. stocks is 0.3%. Cf Industries Holdings Inc. had an annual average earning growth of 85.7% over the past 5 years.
Reduced: The Hartford Financial Services Group In (HIG)
David Tepper reduced to his holdings in The Hartford Financial Services Group In by 75.38%. His sale prices were between $19.09 and $24.12, with an estimated average price of $22.16. The impact to his portfolio due to this sale was -3.18%. David Tepper still held 1,521,535 shares as of 09/30/2010.
Hartford Financial Services is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The Hartford Financial Services Group In has a market cap of $10.84 billion; its shares were traded at around $24.4 with a P/E ratio of 6.1 and P/S ratio of 0.5. The dividend yield of The Hartford Financial Services Group In stocks is 0.9%.
Sold Out: The Pnc Financial Services Group Inc. (PNC.WS)
David Tepper sold out his holdings in The Pnc Financial Services Group Inc.. His sale prices were between $9.4 and $14.81, with an estimated average price of $12.1.
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Sold Out: Officemax Inc. (OMX)
David Tepper sold out his holdings in Officemax Inc.. His sale prices were between $9.74 and $14.85, with an estimated average price of $12.46.
OfficeMax, Incorporated is a leader in both business-to-business and retail office products distribution. Officemax Inc. has a market cap of $1.45 billion; its shares were traded at around $17.02 with a P/E ratio of 24.1 and P/S ratio of 0.2.
Sold Out: Yrc Worldwide Inc. (YRCW)
David Tepper sold out his holdings in Yrc Worldwide Inc.. His sale prices were between $0.1112 and $0.41, with an estimated average price of $0.27.
YRC Worldwide Inc., is one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway Express, Reimer Express, Meridian IQ, USF Holland, USF Reddaway, USF Bestway, USF Glen Moore, and New Penn Motor Express. Yrc Worldwide Inc. has a market cap of $180.8 million; its shares were traded at around $3.82 .
Sold Out: Arkansas Best Corp. (ABFS)
David Tepper sold out his holdings in Arkansas Best Corp.. His sale prices were between $18.97 and $24.37, with an estimated average price of $21.86.
Arkansas Best Corporation is a diversified holding company engaged through its motor carrier subsidiaries in less-than-truckload and truckload shipments of general commodities, through its freight forwarding and logistics subsidiaries in intermodal marketing and freight logistics services. Arkansas Best Corp. has a market cap of $613.1 million; its shares were traded at around $24.22 with and P/S ratio of 0.4. The dividend yield of Arkansas Best Corp. stocks is 0.5%.
Sold Out: E*trade Financial Corp. (ETFC)
David Tepper sold out his holdings in E*trade Financial Corp.. His sale prices were between $11.61 and $15.46, with an estimated average price of $13.8.
The E*TRADE FINANCIAL family of companies provide financial services including brokerage, banking and lending for retail, corporate and institutional customers. E*trade Financial Corp. has a market cap of $3.31 billion; its shares were traded at around $14.98 with and P/S ratio of 1.5.
Sold Out: Tesoro Corp. (TSO)
David Tepper sold out his holdings in Tesoro Corp.. His sale prices were between $10.54 and $13.24, with an estimated average price of $12.1.
Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. Tesoro Corp. has a market cap of $2.08 billion; its shares were traded at around $14.59 with and P/S ratio of 0.1. Tesoro Corp. had an annual average earning growth of 11.8% over the past 10 years.
Sold Out: Sunoco Inc. (SUN)
David Tepper sold out his holdings in Sunoco Inc.. His sale prices were between $32.3 and $37.82, with an estimated average price of $34.81.
Sunoco, Inc. is principally a petroleum refiner and marketer with interests in cokemaking. Sunoco Inc. has a market cap of $4.65 billion; its shares were traded at around $38.53 with a P/E ratio of 27.5 and P/S ratio of 0.2. The dividend yield of Sunoco Inc. stocks is 1.6%. Sunoco Inc. had an annual average earning growth of 11.3% over the past 10 years.
Sold Out: Valero Energy Corp. (VLO)
David Tepper sold out his holdings in Valero Energy Corp.. His sale prices were between $15.65 and $18.31, with an estimated average price of $17.09.
Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD, making it one of the nation's top refiners of petroleum products. Valero Energy Corp. has a market cap of $11.31 billion; its shares were traded at around $19.97 with a P/E ratio of 20.3 and P/S ratio of 0.2. The dividend yield of Valero Energy Corp. stocks is 1%. Valero Energy Corp. had an annual average earning growth of 11.9% over the past 10 years.
Tepper made a name for himself by backing up his truck and scoop up the financial stocks at the market low of 2Q09. He made $7.5 billion last year for his fund and returned 132 percent. But the performance is not unusual: Tepper returned an average north of 40% in the past 17 years. Talking about his success in the past, Tepper “it is easy, basically the government told you what they are going to do”, so he just followed the government and bought into the financials.
As for the future, Tepper sees that “everything going up, everything” since Fed is going to use QEII to create some inflation.
As Tepper said, he is more of a bond guy, but he has upped his equity long positions recently given the latest Fed statement.
You can watch his recent interviews here:
David Tepper buys Hewlettpackard Company, Cisco Systems Inc., Ual Corp., Semiconductor Holdrs Trust Semiconductor, Medtronic Inc., Applied Materials Inc., International Paper Company, Unitedhealth Group Inc., Wellpoint Inc., Klatencor Corp., Covidien Ltd., Becton Dickinson And Company, Cigna Corp., Lam Research Corp., Teradyne Inc., Templeinland Inc., Smurfitstone Container Corp., Texas Instruments Inc., Intel Corp., Altera Corp., Analog Devices Inc., Broadcom Corp., Xilinx Inc., Linear Technology Corp., Dana Holding Corp, sells Arkansas Best Corp., E*trade Financial Corp., Officemax Inc., The Pnc Financial Services Group Inc., Sunoco Inc., Tesoro Corp., Valero Energy Corp., Yrc Worldwide Inc. during the 3-months ended 09/30/2010, according to the most recent filings of his investment company, APPALOOSA MANAGEMENT LP. David Tepper owns 73 stocks with a total value of $3.4 billion. These are the details of the buys and sells.
- New Purchases: ADI, ALTR, AMAT, BDX, BRCM, CI, COV, CSCO, DAN, HPQ, INTC, IP, KLAC, LLTC, LRCX, MDT, SMH, SSCC, TER, TIN, TXN, UAUA, UNH, WLP, XLNX,
- Added Positions: GT, LCC, MSFT, PFE,
- Reduced Positions: CF, CNW, GKK, HIG, NAV,
- Sold Out: ABFS, ETFC, OMX, PNC.WS, SUN, TSO, VLO, YRCW,
This is the sector weightings of his portfolio:
| Financials | 31.5% |
| Health Care | 16.3% |
| Technology | 15.1% |
| Consumer Services | 7.3% |
| Basic Materials | 3.1% |
| Consumer Goods | 1.7% |
| Industrials | 1.1% |
These are the top 5 holdings of David Tepper
- Bank Of America Corp. (BAC) - 22,473,699 shares, 8.79% of the total portfolio. Shares reduced by 17.83%
- WELLS FARGO PFD L (WFC.PL) - 292,019 shares, 8.76% of the total portfolio. Shares reduced by 3.95%
- Pfizer Inc (PFE) - 16,562,202 shares, 8.48% of the total portfolio. Shares added by 46%
- Citigroup Inc. (C) - 51,250,000 shares, 5.96% of the total portfolio. Shares reduced by 11.31%
- Wells Fargo & Company (WFC) - 6,410,700 shares, 4.8% of the total portfolio. Shares reduced by 18.86%
Added: Pfizer Inc (PFE, Financial)
David Tepper added to his holdings in Pfizer Inc by 46%. His purchase prices were between $14.14 and $17.425, with an estimated average price of $15.94. The impact to his portfolio due to this purchase was 2.67%. His holdings were 16,562,202 shares as of 09/30/2010.
Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $135.45 billion; its shares were traded at around $16.85 with a P/E ratio of 7.5 and P/S ratio of 2.7. The dividend yield of Pfizer Inc stocks is 4.2%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
Added: Microsoft Corp. (MSFT, Financial)
David Tepper added to his holdings in Microsoft Corp. by 17.12%. His purchase prices were between $23.27 and $26.33, with an estimated average price of $24.82. The impact to his portfolio due to this purchase was 0.3%. His holdings were 2,800,911 shares as of 09/30/2010.
Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $227.33 billion; its shares were traded at around $26.27 with a P/E ratio of 11.4 and P/S ratio of 3.6. The dividend yield of Microsoft Corp. stocks is 1.9%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
Added: Us Airways Group Inc. (LCC)
David Tepper added to his holdings in Us Airways Group Inc. by 29.62%. His purchase prices were between $8.08 and $10.91, with an estimated average price of $9.37. The impact to his portfolio due to this purchase was 0.14%. His holdings were 2,268,266 shares as of 09/30/2010.
America West Holdings Corporation is the parent company of AWA and TLC. Us Airways Group Inc. has a market cap of $1.72 billion; its shares were traded at around $10.63 with a P/E ratio of 5.9 and P/S ratio of 0.2.
Added: The Goodyear Tire & Rubber Company (GT)
David Tepper added to his holdings in The Goodyear Tire & Rubber Company by 12.32%. His purchase prices were between $9.24 and $12.37, with an estimated average price of $10.7. The impact to his portfolio due to this purchase was 0.11%. His holdings were 3,077,751 shares as of 09/30/2010.
Goodyear is one of the world's largest tire companies. The Goodyear Tire & Rubber Company has a market cap of $2.45 billion; its shares were traded at around $10.1 with a P/E ratio of 17.8 and P/S ratio of 0.2.
New Purchase: Hewlettpackard Company (HPQ, Financial)
David Tepper initiated holdings in Hewlettpackard Company. His purchase prices were between $38 and $47.57, with an estimated average price of $42.45. The impact to his portfolio due to this purchase was 4.67%. His holdings were 3,723,144 shares as of 09/30/2010.
Hewlett Packard is one of the global providers of computing and imaging solutions and services for business and home. Hewlettpackard Company has a market cap of $95.72 billion; its shares were traded at around $42.21 with a P/E ratio of 9.7 and P/S ratio of 0.9. The dividend yield of Hewlettpackard Company stocks is 0.7%. Hewlettpackard Company had an annual average earning growth of 26.5% over the past 5 years.
New Purchase: Cisco Systems Inc. (CSCO, Financial)
David Tepper initiated holdings in Cisco Systems Inc.. His purchase prices were between $19.985 and $24.77, with an estimated average price of $22.21. The impact to his portfolio due to this purchase was 3.93%. His holdings were 6,013,386 shares as of 09/30/2010.
Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $112.54 billion; its shares were traded at around $20.15 with a P/E ratio of 14.4 and P/S ratio of 2.8. Cisco Systems Inc. had an annual average earning growth of 23% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 2.5-star.
New Purchase: Ual Corp. (UAUA, Financial)
David Tepper initiated holdings in Ual Corp.. His purchase prices were between $18.59 and $24.25, with an estimated average price of $21.86. The impact to his portfolio due to this purchase was 1.85%. His holdings were 2,622,898 shares as of 09/30/2010.
United Airlines organization is committed to continuous improvements in costs, revenues and operations to sustain and enhance a competitive margin. Ual Corp. has a market cap of $3.99 billion; its shares were traded at around $23.66 with and P/S ratio of 0.2.
New Purchase: Semiconductor Holdrs Trust Semiconductor (SMH)
David Tepper initiated holdings in Semiconductor Holdrs Trust Semiconductor. His purchase prices were between $24.27 and $28.67, with an estimated average price of $26.74. The impact to his portfolio due to this purchase was 1.41%. His holdings were 1,710,000 shares as of 09/30/2010.
Semiconductor Holdrs Trust Semiconductor has a market cap of $2.08 billion; its shares were traded at around $30.52 . The dividend yield of Semiconductor Holdrs Trust Semiconductor stocks is 1%.
New Purchase: Medtronic Inc. (MDT, Financial)
David Tepper initiated holdings in Medtronic Inc.. His purchase prices were between $31.21 and $38.06, with an estimated average price of $35.14. The impact to his portfolio due to this purchase was 1.41%. His holdings were 1,411,974 shares as of 09/30/2010.
Medtronic is the world's medical technology company, pioneeringdevice-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $37.4 billion; its shares were traded at around $34.63 with a P/E ratio of 10.7 and P/S ratio of 2.3. The dividend yield of Medtronic Inc. stocks is 2.7%. Medtronic Inc. had an annual average earning growth of 11.4% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4.5-star.
New Purchase: Applied Materials Inc. (AMAT)
David Tepper initiated holdings in Applied Materials Inc.. His purchase prices were between $10.37 and $12.61, with an estimated average price of $11.52. The impact to his portfolio due to this purchase was 1.31%. His holdings were 3,765,483 shares as of 09/30/2010.
Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials Inc. has a market cap of $16.82 billion; its shares were traded at around $12.59 with a P/E ratio of 19.9 and P/S ratio of 3.3. The dividend yield of Applied Materials Inc. stocks is 2.2%.
New Purchase: International Paper Company (IP)
David Tepper initiated holdings in International Paper Company. His purchase prices were between $19.88 and $25.5, with an estimated average price of $22.65. The impact to his portfolio due to this purchase was 1.26%. His holdings were 1,938,332 shares as of 09/30/2010.
International Paper Co. is a global paper and forest products company thatis complemented by an extensive distribution system. International Paper Company has a market cap of $11.22 billion; its shares were traded at around $25.67 with a P/E ratio of 15.9 and P/S ratio of 0.5. The dividend yield of International Paper Company stocks is 2%. International Paper Company had an annual average earning growth of 1% over the past 10 years.
New Purchase: Unitedhealth Group Inc. (UNH)
David Tepper initiated holdings in Unitedhealth Group Inc.. His purchase prices were between $28.3 and $35.73, with an estimated average price of $32.34. The impact to his portfolio due to this purchase was 1.21%. His holdings were 1,156,245 shares as of 09/30/2010.
UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $41.23 billion; its shares were traded at around $36.67 with a P/E ratio of 9.2 and P/S ratio of 0.5. The dividend yield of Unitedhealth Group Inc. stocks is 1.4%. Unitedhealth Group Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 3.5-star.
New Purchase: Wellpoint Inc. (WLP)
David Tepper initiated holdings in Wellpoint Inc.. His purchase prices were between $47.43 and $56.69, with an estimated average price of $52.57. The impact to his portfolio due to this purchase was 1.03%. His holdings were 607,700 shares as of 09/30/2010.
WellPoint, Inc. is the largest publicly traded commercial health benefits company in terms of membership in the United States. Wellpoint Inc. has a market cap of $23.22 billion; its shares were traded at around $58.08 with a P/E ratio of 9 and P/S ratio of 0.4. Wellpoint Inc. had an annual average earning growth of 21.6% over the past 10 years.
New Purchase: Klatencor Corp. (KLAC)
David Tepper initiated holdings in Klatencor Corp.. His purchase prices were between $27.21 and $35.12, with an estimated average price of $30.43. The impact to his portfolio due to this purchase was 0.67%. His holdings were 637,460 shares as of 09/30/2010.
KLA-Tencor Corporation is one of the world's suppliers of process control and yield management solutions for the semiconductor and related microelectronics industries. Klatencor Corp. has a market cap of $6.12 billion; its shares were traded at around $36.68 with a P/E ratio of 15.4 and P/S ratio of 3.4. The dividend yield of Klatencor Corp. stocks is 2.6%.
New Purchase: Covidien Ltd. (COV)
David Tepper initiated holdings in Covidien Ltd.. His purchase prices were between $35.34 and $40.99, with an estimated average price of $38.52. The impact to his portfolio due to this purchase was 0.66%. His holdings were 553,900 shares as of 09/30/2010.
Covidien PLC, formerly Covidien Ltd, is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Covidien Ltd. has a market cap of $22.11 billion; its shares were traded at around $44.09 with a P/E ratio of 13.3 and P/S ratio of 2.1. The dividend yield of Covidien Ltd. stocks is 1.7%.
New Purchase: Becton Dickinson And Company (BDX)
David Tepper initiated holdings in Becton Dickinson And Company. His purchase prices were between $66.89 and $74.82, with an estimated average price of $70.49. The impact to his portfolio due to this purchase was 0.58%. His holdings were 263,200 shares as of 09/30/2010.
Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. Becton Dickinson And Company has a market cap of $17.94 billion; its shares were traded at around $77.27 with a P/E ratio of 15.2 and P/S ratio of 2.4. The dividend yield of Becton Dickinson And Company stocks is 1.9%. Becton Dickinson And Company had an annual average earning growth of 13.9% over the past 10 years. GuruFocus rated Becton Dickinson And Company the business predictability rank of 4.5-star.
New Purchase: Cigna Corp. (CI)
David Tepper initiated holdings in Cigna Corp.. His purchase prices were between $29.77 and $36.01, with an estimated average price of $32.88. The impact to his portfolio due to this purchase was 0.53%. His holdings were 495,624 shares as of 09/30/2010.
CIGNA Corporation is an investor-owned employee benefits organizations in the United States. Cigna Corp. has a market cap of $10.34 billion; its shares were traded at around $37.36 with a P/E ratio of 8.3 and P/S ratio of 0.6. The dividend yield of Cigna Corp. stocks is 0.1%.
New Purchase: Lam Research Corp. (LRCX)
David Tepper initiated holdings in Lam Research Corp.. His purchase prices were between $36.11 and $42.84, with an estimated average price of $39.55. The impact to his portfolio due to this purchase was 0.45%. His holdings were 363,399 shares as of 09/30/2010.
Lam Research Corporation designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam Research Corp. has a market cap of $5.57 billion; its shares were traded at around $45.31 with a P/E ratio of 11.3 and P/S ratio of 2.6.
New Purchase: Teradyne Inc. (TER)
David Tepper initiated holdings in Teradyne Inc.. His purchase prices were between $8.98 and $11.4, with an estimated average price of $10.12. The impact to his portfolio due to this purchase was 0.34%. His holdings were 1,012,032 shares as of 09/30/2010.
Teradyne, Inc. is a manufacturer of automatic test equipment and related software for the electronics and communications industries. Teradyne Inc. has a market cap of $2.1 billion; its shares were traded at around $11.58 with a P/E ratio of 5.8 and P/S ratio of 2.6.
New Purchase: Templeinland Inc. (TIN)
David Tepper initiated holdings in Templeinland Inc.. His purchase prices were between $15.75 and $22.81, with an estimated average price of $19.4. The impact to his portfolio due to this purchase was 0.32%. His holdings were 569,489 shares as of 09/30/2010.
Temple-Inland, Inc. is a holding company that conducts all of its operations through its subsidiaries. Templeinland Inc. has a market cap of $2.19 billion; its shares were traded at around $20.3 with a P/E ratio of 39.1 and P/S ratio of 0.6. The dividend yield of Templeinland Inc. stocks is 2.3%.
New Purchase: Smurfitstone Container Corp. (SSCC)
David Tepper initiated holdings in Smurfitstone Container Corp.. His purchase prices were between $16.67 and $21.7, with an estimated average price of $19.39. The impact to his portfolio due to this purchase was 0.12%. His holdings were 216,000 shares as of 09/30/2010.
Smurfit-Stone Container Corporation is an integrated producer of containerboard corrugated containers and other packaging products. Smurfitstone Container Corp. has a market cap of $2.07 billion; its shares were traded at around $22.77 with a P/E ratio of 24.7 and P/S ratio of 0.4.
New Purchase: Texas Instruments Inc. (TXN)
David Tepper initiated holdings in Texas Instruments Inc.. His purchase prices were between $23.02 and $27.06, with an estimated average price of $24.83. The impact to his portfolio due to this purchase was 0.11%. His holdings were 130,000 shares as of 09/30/2010.
Texas Instruments, Inc. is a global semiconductor company and one of the world's designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. Texas Instruments Inc. has a market cap of $36.99 billion; its shares were traded at around $30.95 with a P/E ratio of 13 and P/S ratio of 3.6. The dividend yield of Texas Instruments Inc. stocks is 1.7%. Texas Instruments Inc. had an annual average earning growth of 4.2% over the past 5 years.
New Purchase: Intel Corp. (INTC)
David Tepper initiated holdings in Intel Corp.. His purchase prices were between $17.665 and $21.78, with an estimated average price of $19.67. The impact to his portfolio due to this purchase was 0.1%. His holdings were 180,400 shares as of 09/30/2010.
Intel Corporation is one of the world's largest semiconductor chip maker. Intel Corp. has a market cap of $119.88 billion; its shares were traded at around $21.53 with a P/E ratio of 11.6 and P/S ratio of 3.5. The dividend yield of Intel Corp. stocks is 2.9%. Intel Corp. had an annual average earning growth of 2.5% over the past 10 years.
New Purchase: Analog Devices Inc. (ADI)
David Tepper initiated holdings in Analog Devices Inc.. His purchase prices were between $27.87 and $31.67, with an estimated average price of $29.57. The impact to his portfolio due to this purchase was 0.06%. His holdings were 64,000 shares as of 09/30/2010.
Analog Devices, Inc. is one of the world leaders in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits used in signal processing applications. Analog Devices Inc. has a market cap of $10.2 billion; its shares were traded at around $34.21 with a P/E ratio of 17.1 and P/S ratio of 4.9. The dividend yield of Analog Devices Inc. stocks is 2.5%. Analog Devices Inc. had an annual average earning growth of 1.6% over the past 10 years.
New Purchase: Altera Corp. (ALTR)
David Tepper initiated holdings in Altera Corp.. His purchase prices were between $24.65 and $30.62, with an estimated average price of $27.16. The impact to his portfolio due to this purchase was 0.06%. His holdings were 68,000 shares as of 09/30/2010.
Altera Corporation designs, manufactures, and markets a broad range of high-performance, high-density programmable logic devices and associated development tools, focusing on ease of use, lower risk, and fast time-to-market. Altera Corp. has a market cap of $9.98 billion; its shares were traded at around $32.5 with a P/E ratio of 15.5 and P/S ratio of 8.4. The dividend yield of Altera Corp. stocks is 0.7%. Altera Corp. had an annual average earning growth of 6.6% over the past 5 years.
New Purchase: Xilinx Inc. (XLNX)
David Tepper initiated holdings in Xilinx Inc.. His purchase prices were between $24.14 and $29.28, with an estimated average price of $26.53. The impact to his portfolio due to this purchase was 0.05%. His holdings were 57,000 shares as of 09/30/2010.
Xilinx, Inc. designs, develops and markets complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic and field engineering support. Xilinx Inc. has a market cap of $6.9 billion; its shares were traded at around $26.64 with a P/E ratio of 12.7 and P/S ratio of 3.7. The dividend yield of Xilinx Inc. stocks is 2.4%. Xilinx Inc. had an annual average earning growth of 17.5% over the past 10 years. GuruFocus rated Xilinx Inc. the business predictability rank of 2.5-star.
New Purchase: Broadcom Corp. (BRCM)
David Tepper initiated holdings in Broadcom Corp.. His purchase prices were between $29.96 and $38.21, with an estimated average price of $34.64. The impact to his portfolio due to this purchase was 0.05%. His holdings were 44,000 shares as of 09/30/2010.
Broadcom Corporation is a developer of highly integrated siliconsolutions that enable broadband digital data transmission to the home and within the business enterprise. Broadcom Corp. has a market cap of $20.81 billion; its shares were traded at around $41.34 with a P/E ratio of 21.4 and P/S ratio of 4.7. The dividend yield of Broadcom Corp. stocks is 0.8%.
New Purchase: Linear Technology Corp. (LLTC)
David Tepper initiated holdings in Linear Technology Corp.. His purchase prices were between $27.84 and $32.8, with an estimated average price of $30.62. The impact to his portfolio due to this purchase was 0.04%. His holdings were 49,000 shares as of 09/30/2010.
Linear Technology products include operational, instrumentation and audio amplifiers; voltage regulators, power management devices, DC-DC converters and voltage references; comparators; monolithic filters; communications interface circuits; one-chip data acquisition sub-systems; pulse-width modulators and sample-and-hold devices. Linear Technology Corp. has a market cap of $7.22 billion; its shares were traded at around $31.44 with a P/E ratio of 16 and P/S ratio of 6.2. The dividend yield of Linear Technology Corp. stocks is 2.9%. Linear Technology Corp. had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated Linear Technology Corp. the business predictability rank of 3.5-star.
New Purchase: Dana Holding Corp (DAN)
David Tepper initiated holdings in Dana Holding Corp. His purchase prices were between $9.2 and $12.7, with an estimated average price of $11.15. The impact to his portfolio due to this purchase was 0.01%. His holdings were 34,974 shares as of 09/30/2010.
DANA HOLDING CORP is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. Dana Holding Corp has a market cap of $2.05 billion; its shares were traded at around $14.57 with and P/S ratio of 0.4.
Reduced: Gramercy Capital Corp. (GKK)
David Tepper reduced to his holdings in Gramercy Capital Corp. by 44.45%. His sale prices were between $1.25 and $1.65, with an estimated average price of $1.41. The impact to his portfolio due to this sale was -0.06%. David Tepper still held 1,730,221 shares as of 09/30/2010.
Gramercy Capital Corp. is a commercial real estate specialty finance company focused on originating and acquiring whole loans, subordinate interests in whole loans, mezzanine loans, and preferred equity interests in entities that own commercial real estate throughout the United States. Gramercy Capital Corp. has a market cap of $106.3 million; its shares were traded at around $2.13 with and P/S ratio of 0.2. Gramercy Capital Corp. had an annual average earning growth of 74.2% over the past 5 years.
Reduced: Navistar International Corp. (NAV)
David Tepper reduced to his holdings in Navistar International Corp. by 45.33%. His sale prices were between $41.27 and $54.7, with an estimated average price of $47.01. The impact to his portfolio due to this sale was -0.44%. David Tepper still held 410,974 shares as of 09/30/2010.
Navistar International is a holding company and its principal operating subsidiary is Navistar Int'l Transportation Corp. Navistar International Corp. has a market cap of $3.65 billion; its shares were traded at around $50.87 with a P/E ratio of 11.6 and P/S ratio of 0.3. Navistar International Corp. had an annual average earning growth of 1.4% over the past 5 years.
Reduced: Con-way Inc. (CNW)
David Tepper reduced to his holdings in Con-way Inc. by 87.03%. His sale prices were between $26.21 and $34.89, with an estimated average price of $30.06. The impact to his portfolio due to this sale was -0.54%. David Tepper still held 82,075 shares as of 09/30/2010.
Con-way Inc.is a freight transportation and logistics company with businesses in less-than-truckload and full truckload freight services, brokerage, logistics, warehousing, supply chain management and trailer manufacturing. Con-way Inc. has a market cap of $1.81 billion; its shares were traded at around $33.26 with a P/E ratio of 73.9 and P/S ratio of 0.4. The dividend yield of Con-way Inc. stocks is 1.2%. Con-way Inc. had an annual average earning growth of 0.8% over the past 10 years.
Reduced: Cf Industries Holdings Inc. (CF)
David Tepper reduced to his holdings in Cf Industries Holdings Inc. by 46.73%. His sale prices were between $67.34 and $101.69, with an estimated average price of $86.76. The impact to his portfolio due to this sale was -1.61%. David Tepper still held 647,703 shares as of 09/30/2010.
CF Industries Holdings, Inc. is the holding company for the operations of CF Industries, Inc. Cf Industries Holdings Inc. has a market cap of $8.5 billion; its shares were traded at around $119.65 with a P/E ratio of 18.1 and P/S ratio of 3.3. The dividend yield of Cf Industries Holdings Inc. stocks is 0.3%. Cf Industries Holdings Inc. had an annual average earning growth of 85.7% over the past 5 years.
Reduced: The Hartford Financial Services Group In (HIG)
David Tepper reduced to his holdings in The Hartford Financial Services Group In by 75.38%. His sale prices were between $19.09 and $24.12, with an estimated average price of $22.16. The impact to his portfolio due to this sale was -3.18%. David Tepper still held 1,521,535 shares as of 09/30/2010.
Hartford Financial Services is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The Hartford Financial Services Group In has a market cap of $10.84 billion; its shares were traded at around $24.4 with a P/E ratio of 6.1 and P/S ratio of 0.5. The dividend yield of The Hartford Financial Services Group In stocks is 0.9%.
Sold Out: The Pnc Financial Services Group Inc. (PNC.WS)
David Tepper sold out his holdings in The Pnc Financial Services Group Inc.. His sale prices were between $9.4 and $14.81, with an estimated average price of $12.1.
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Sold Out: Officemax Inc. (OMX)
David Tepper sold out his holdings in Officemax Inc.. His sale prices were between $9.74 and $14.85, with an estimated average price of $12.46.
OfficeMax, Incorporated is a leader in both business-to-business and retail office products distribution. Officemax Inc. has a market cap of $1.45 billion; its shares were traded at around $17.02 with a P/E ratio of 24.1 and P/S ratio of 0.2.
Sold Out: Yrc Worldwide Inc. (YRCW)
David Tepper sold out his holdings in Yrc Worldwide Inc.. His sale prices were between $0.1112 and $0.41, with an estimated average price of $0.27.
YRC Worldwide Inc., is one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway Express, Reimer Express, Meridian IQ, USF Holland, USF Reddaway, USF Bestway, USF Glen Moore, and New Penn Motor Express. Yrc Worldwide Inc. has a market cap of $180.8 million; its shares were traded at around $3.82 .
Sold Out: Arkansas Best Corp. (ABFS)
David Tepper sold out his holdings in Arkansas Best Corp.. His sale prices were between $18.97 and $24.37, with an estimated average price of $21.86.
Arkansas Best Corporation is a diversified holding company engaged through its motor carrier subsidiaries in less-than-truckload and truckload shipments of general commodities, through its freight forwarding and logistics subsidiaries in intermodal marketing and freight logistics services. Arkansas Best Corp. has a market cap of $613.1 million; its shares were traded at around $24.22 with and P/S ratio of 0.4. The dividend yield of Arkansas Best Corp. stocks is 0.5%.
Sold Out: E*trade Financial Corp. (ETFC)
David Tepper sold out his holdings in E*trade Financial Corp.. His sale prices were between $11.61 and $15.46, with an estimated average price of $13.8.
The E*TRADE FINANCIAL family of companies provide financial services including brokerage, banking and lending for retail, corporate and institutional customers. E*trade Financial Corp. has a market cap of $3.31 billion; its shares were traded at around $14.98 with and P/S ratio of 1.5.
Sold Out: Tesoro Corp. (TSO)
David Tepper sold out his holdings in Tesoro Corp.. His sale prices were between $10.54 and $13.24, with an estimated average price of $12.1.
Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. Tesoro Corp. has a market cap of $2.08 billion; its shares were traded at around $14.59 with and P/S ratio of 0.1. Tesoro Corp. had an annual average earning growth of 11.8% over the past 10 years.
Sold Out: Sunoco Inc. (SUN)
David Tepper sold out his holdings in Sunoco Inc.. His sale prices were between $32.3 and $37.82, with an estimated average price of $34.81.
Sunoco, Inc. is principally a petroleum refiner and marketer with interests in cokemaking. Sunoco Inc. has a market cap of $4.65 billion; its shares were traded at around $38.53 with a P/E ratio of 27.5 and P/S ratio of 0.2. The dividend yield of Sunoco Inc. stocks is 1.6%. Sunoco Inc. had an annual average earning growth of 11.3% over the past 10 years.
Sold Out: Valero Energy Corp. (VLO)
David Tepper sold out his holdings in Valero Energy Corp.. His sale prices were between $15.65 and $18.31, with an estimated average price of $17.09.
Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD, making it one of the nation's top refiners of petroleum products. Valero Energy Corp. has a market cap of $11.31 billion; its shares were traded at around $19.97 with a P/E ratio of 20.3 and P/S ratio of 0.2. The dividend yield of Valero Energy Corp. stocks is 1%. Valero Energy Corp. had an annual average earning growth of 11.9% over the past 10 years.
