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Hedge Fund Appaloosa Q2 Update: Buys MOS, WNR, GOOG, HOC, CVI, VLO, TSO; Sells HPQ, BAC

gurufocus

gurufocus

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Renowned hedge fund manager David Tepper reported his second quarter portfolio at Appaloosa Management LP. As of 06/30/2011, Appaloosa Management LP owns 72 stocks with a total value of $4.2 billion. These are the details of the buys and sells.

If you don’t know about David Tepper, please read our review How David Tepper Became a Billionaire. David Tepper likes to buy distressed situation at market crash. Maybe he is busy buying again today.

This is the portfolio chart of David Tepper. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of David Tepper's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=David+Tepper

This is the sector weightings of his portfolio:

Technology 16.2%
Financials 15.7%
Oil & Gas 13.7%
Not Assigned 10.6%
Basic Materials 10.5%
Health Care 10%
Consumer Goods 9.5%
Consumer Services 8.4%
Industrials 4%


These are the top 5 holdings of David Tepper

  1. Citigroup Inc. (C) - 7,201,841 shares, 7.0717% of the total portfolio. Shares reduced by 6%
  2. Pfizer Inc. (PFE) - 14,495,002 shares, 7.0414% of the total portfolio. Shares reduced by 6%
  3. Goodyear Tire & Rubber Co. (GT) - 13,999,151 shares, 5.5361% of the total portfolio. Shares reduced by 8.19%
  4. Valero Energy Corp. (VLO) - 7,762,004 shares, 4.6803% of the total portfolio. Shares added by 202.63%
  5. Macys Inc. (M) - 6,312,625 shares, 4.3527% of the total portfolio. Shares reduced by 5.96%


Added: CVR Energy (CVI)

David Tepper added to his holdings in Cvr Energy by 371.26%. His purchase prices were between $18.39 and $24.33, with an estimated average price of $21.67. The impact to his portfolio due to this purchase was 3.35%. His holdings were 7,334,534 shares as of 06/30/2011.

Added: Valero Energy Corp. (VLO)

David Tepper added to his holdings in Valero Energy Corp. by 202.63%. His purchase prices were between $23.18 and $30.5, with an estimated average price of $26.62. The impact to his portfolio due to this purchase was 3.13%. His holdings were 7,762,004 shares as of 06/30/2011.

Added: Tesoro Corp. (TSO)

David Tepper added to his holdings in Tesoro Corp. by 282.55%. His purchase prices were between $20.84 and $28.23, with an estimated average price of $24.17. The impact to his portfolio due to this purchase was 0.61%. His holdings were 1,530,211 shares as of 06/30/2011.

Added: Masco Corp. (MAS)

David Tepper added to his holdings in Masco Corp. by 526.48%. His purchase prices were between $11.81 and $14.29, with an estimated average price of $13.17. The impact to his portfolio due to this purchase was 0.59%. His holdings were 2,472,196 shares as of 06/30/2011.

Added: Marathon Oil Corp. (MRO)

David Tepper added to his holdings in Marathon Oil Corp. by 181.6%. His purchase prices were between $49.06 and $54.17, with an estimated average price of $51.69. The impact to his portfolio due to this purchase was 0.56%. His holdings were 704,000 shares as of 06/30/2011.

Added: Micron Technology Inc. (MU)

David Tepper added to his holdings in Micron Technology Inc. by 19.08%. His purchase prices were between $7.21 and $11.795, with an estimated average price of $9.86. The impact to his portfolio due to this purchase was 0.41%. His holdings were 14,531,650 shares as of 06/30/2011.

Added: Mueller Water Products (MWA)

David Tepper added to his holdings in Mueller Water Products by 20.47%. His purchase prices were between $3.52 and $4.52, with an estimated average price of $4.06. The impact to his portfolio due to this purchase was 0.18%. His holdings were 11,230,822 shares as of 06/30/2011.

Added: Beazer Homes Usa Inc. (BZH)

David Tepper added to his holdings in Beazer Homes Usa Inc. by 93.97%. His purchase prices were between $3.15 and $4.72, with an estimated average price of $3.96. The impact to his portfolio due to this purchase was 0.1%. His holdings were 2,652,840 shares as of 06/30/2011.

New Purchase: Mosaic Company (MOS)

David Tepper initiated holdings in Mosaic Company. His purchase prices were between $59.32 and $82.56, with an estimated average price of $70.32. The impact to his portfolio due to this purchase was 3.82%. His holdings were 2,390,027 shares as of 06/30/2011.

New Purchase: Western Refining (WNR)

David Tepper initiated holdings in Western Refining. His purchase prices were between $14.82 and $19.08, with an estimated average price of $16.66. The impact to his portfolio due to this purchase was 1.19%. His holdings were 2,798,374 shares as of 06/30/2011.

New Purchase: Google Inc. (GOOG)

David Tepper initiated holdings in Google Inc.. His purchase prices were between $474.88 and $591.8, with an estimated average price of $527.63. The impact to his portfolio due to this purchase was 1.07%. His holdings were 90,000 shares as of 06/30/2011.

New Purchase: Holly Corp. (HOC)

David Tepper initiated holdings in Holly Corp.. His purchase prices were between $52.23 and $68.18, with an estimated average price of $60.37. The impact to his portfolio due to this purchase was 0.91%. His holdings were 555,479 shares as of 06/30/2011.

New Purchase: The Goodyear Tire & Rubber Company 5.875 (GT.PA)

David Tepper initiated holdings in The Goodyear Tire & Rubber Company 5.875. His purchase prices were between $50.23 and $61.28, with an estimated average price of $54.86. The impact to his portfolio due to this purchase was 0.26%. His holdings were 200,000 shares as of 06/30/2011.

New Purchase: Calumet Specialty Products Partners L.p. Common Un (CLMT)

David Tepper initiated holdings in Calumet Specialty Products Partners L.p. Common Un. His purchase prices were between $20.44 and $23.43, with an estimated average price of $21.62. The impact to his portfolio due to this purchase was 0.19%. His holdings were 366,762 shares as of 06/30/2011.

New Purchase: General Motors (GM)

David Tepper initiated holdings in General Motors. His purchase prices were between $28.56 and $33.04, with an estimated average price of $30.7. The impact to his portfolio due to this purchase was 0.12%. His holdings were 173,367 shares as of 06/30/2011.

New Purchase: General Motors Company (GM.WS.A)

David Tepper initiated holdings in General Motors Company. His purchase prices were between $19.61 and $24.06, with an estimated average price of $21.58. The impact to his portfolio due to this purchase was 0.08%. His holdings were 167,604 shares as of 06/30/2011.

New Purchase: General Motors Company (GM.WS.B)

David Tepper initiated holdings in General Motors Company. His purchase prices were between $14.31 and $18.37, with an estimated average price of $16. The impact to his portfolio due to this purchase was 0.06%. His holdings were 167,604 shares as of 06/30/2011.

New Purchase: Alpha Natural Resources Inc. (ANR)

David Tepper initiated holdings in Alpha Natural Resources Inc.. His purchase prices were between $40.98 and $60.47, with an estimated average price of $50.94. The impact to his portfolio due to this purchase was 0.05%. His holdings were 45,700 shares as of 06/30/2011.

New Purchase: Cliffs Natural Resources Inc (CLF)

David Tepper initiated holdings in Cliffs Natural Resources Inc. His purchase prices were between $81.51 and $101.04, with an estimated average price of $89.89. The impact to his portfolio due to this purchase was 0.04%. His holdings were 20,400 shares as of 06/30/2011.

New Purchase: Walter Energy Inc (WLT)

David Tepper initiated holdings in Walter Energy Inc. His purchase prices were between $105.59 and $141.17, with an estimated average price of $123.86. The impact to his portfolio due to this purchase was 0.02%. His holdings were 8,800 shares as of 06/30/2011.

Reduced: Hewlettpackard Co. (HPQ)

David Tepper reduced to his holdings in Hewlettpackard Co. by 54.77%. His sale prices were between $34.26 and $41.57, with an estimated average price of $38.09. The impact to his portfolio due to this sale was -3.37%. David Tepper still held 2,863,268 shares as of 06/30/2011.

Reduced: Bank Of America Corp. (BAC)

David Tepper reduced to his holdings in Bank Of America Corp. by 41.91%. His sale prices were between $10.5 and $13.72, with an estimated average price of $11.84. The impact to his portfolio due to this sale was -2.28%. David Tepper still held 10,000,000 shares as of 06/30/2011.

Reduced: Dean Foods Co. (DF)

David Tepper reduced to his holdings in Dean Foods Co. by 31.11%. His sale prices were between $9.68 and $13.88, with an estimated average price of $11.9. The impact to his portfolio due to this sale was -0.97%. David Tepper still held 9,037,628 shares as of 06/30/2011.

Reduced: Brunswick Corp. (BC)

David Tepper reduced to his holdings in Brunswick Corp. by 83.17%. His sale prices were between $17.14 and $27.01, with an estimated average price of $21.74. The impact to his portfolio due to this sale was -0.48%. David Tepper still held 161,567 shares as of 06/30/2011.

Reduced: Royal Bank Of Scotland Group Plc Ads Series L (RBS.PL)

David Tepper reduced to his holdings in Royal Bank Of Scotland Group Plc Ads Series L by 51.66%. His sale prices were between $17.7401 and $19.4, with an estimated average price of $18.89. The impact to his portfolio due to this sale was -0.43%. David Tepper still held 900,000 shares as of 06/30/2011.

Reduced: Con-way Inc. (CNW)

David Tepper reduced to his holdings in Con-way Inc. by 38.46%. His sale prices were between $35.67 and $39.54, with an estimated average price of $37.79. The impact to his portfolio due to this sale was -0.32%. David Tepper still held 553,902 shares as of 06/30/2011.

Sold Out: Banco Santander S.a. Ads (STD)

David Tepper sold out his holdings in Banco Santander S.a. Ads. His sale prices were between $10.66 and $12.48, with an estimated average price of $11.59.

Sold Out: Newcastle Investment Corp. (NCT)

David Tepper sold out his holdings in Newcastle Investment Corp.. His sale prices were between $4.25 and $6.31, with an estimated average price of $5.47.

Sold Out: Morgans Hotel Group Co. (MHGC)

David Tepper sold out his holdings in Morgans Hotel Group Co.. His sale prices were between $6.86 and $9.72, with an estimated average price of $8.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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