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David Tepper Is Getting Out of the Market? Sold PFE, BAC, HPQ, WFC, MRK, UNH, MET

November 15, 2011 | About:
gurufocus

gurufocus

370 followers
David Tepper is a bigger seller of stocks during the third quarter. He sold much more stocks than he bought. Tepper has been very good at staying out of the market when there is no bargains, and getting in when the market is distressed.

As of 09/30/2011, Appaloosa Management LP owns 50 stocks with a total value of $1.5 billion. These are the details of the buys and sells. The $1.5 billion is only about 30% of what he had 6 months ago. The last time David Tepper had very small positions in stocks was the third quarter of 2008, good timing!

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.

The large areas of red indicate his sales. The green shows his buys. Very obviously, he sold much more than he bought.



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:

Oil & Gas 26.2%
Technology 17.1%
Basic Materials 13.1%
Consumer Goods 12.5%
Consumer Services 11.1%
Not Assigned 9.9%
Financials 5.5%
Industrials 4.6%


These are the top 5 holdings of David Tepper

  1. CVR Energy (CVI) - 6,309,568 shares, 8.6% of the total portfolio. Shares reduced by 13.97%
  2. Goodyear Tire & Rubber Co. (GT) - 10,762,142 shares, 7.0% of the total portfolio. Shares reduced by 23.12%
  3. Valero Energy Corp. (VLO) - 5,558,808 shares, 6.4% of the total portfolio. Shares reduced by 28.38%
  4. Macys Inc. (M) - 3,286,543 shares, 5.6% of the total portfolio. Shares reduced by 47.94%
  5. United Continental Holdings (UAL) - 4,011,253 shares, 5.0% of the total portfolio. Shares reduced by 27.93%


New Purchase: Hollyfrontier (HFC)

David Tepper initiated holdings in Hollyfrontier. His purchase prices were between $25.59 and $38.2, with an estimated average price of $34.28. The impact to his portfolio due to this purchase was 2.72%. His holdings were 1,599,244 shares as of 09/30/2011.

New Purchase: E*trade Financial Corp. (ETFC)

David Tepper initiated holdings in E*trade Financial Corp.. His purchase prices were between $9.41 and $16.52, with an estimated average price of $12.3. The impact to his portfolio due to this purchase was 0.7%. His holdings were 1,181,770 shares as of 09/30/2011.

New Purchase: Bp Plc Ads (BP)

David Tepper initiated holdings in Bp Plc Ads. His purchase prices were between $35.73 and $46.77, with an estimated average price of $40.72. The impact to his portfolio due to this purchase was 0.37%. His holdings were 157,227 shares as of 09/30/2011.

New Purchase: Dana Holding (DAN)

David Tepper initiated holdings in Dana Holding. His purchase prices were between $10.27 and $18.9, with an estimated average price of $14.25. The impact to his portfolio due to this purchase was 0.03%. His holdings were 46,173 shares as of 09/30/2011.

New Purchase: Mf Global Holdings (MF)

David Tepper initiated holdings in Mf Global Holdings. The impact to his portfolio due to this purchase was 0.41%. His holdings were 14,250,000 shares as of 09/30/2011.

Sold Out: Pfizer Inc. (PFE)

David Tepper sold out his holdings in Pfizer Inc.. His sale prices were between $16.66 and $20.78, with an estimated average price of $18.73.

Sold Out: Bank Of America Corp. (BAC)

David Tepper sold out his holdings in Bank Of America Corp.. His sale prices were between $6.06 and $11, with an estimated average price of $8.26.

Sold Out: Hewlettpackard Co. (HPQ)

David Tepper sold out his holdings in Hewlettpackard Co.. His sale prices were between $22.32 and $37.47, with an estimated average price of $29.45.

Sold Out: Wells Fargo & Co. (WFC)

David Tepper sold out his holdings in Wells Fargo & Co.. His sale prices were between $22.88 and $29.38, with an estimated average price of $25.85.

Sold Out: Merck & Co. Inc. (MRK)

David Tepper sold out his holdings in Merck & Co. Inc.. His sale prices were between $29.81 and $36.31, with an estimated average price of $33.23.

Sold Out: Unitedhealth Group Inc. (UNH)

David Tepper sold out his holdings in Unitedhealth Group Inc.. His sale prices were between $41.85 and $53.13, with an estimated average price of $48.31.

Sold Out: Metlife Inc. (MET)

David Tepper sold out his holdings in Metlife Inc.. His sale prices were between $26.82 and $44.27, with an estimated average price of $35.25.

Sold Out: Medtronic Inc. (MDT)

David Tepper sold out his holdings in Medtronic Inc.. His sale prices were between $30.41 and $38.2, with an estimated average price of $34.75.

Sold Out: Fifth Third Bancorp (FITB)

David Tepper sold out his holdings in Fifth Third Bancorp. His sale prices were between $9.28 and $13, with an estimated average price of $11.03.

Sold Out: Marathon Oil Corp. (MRO)

David Tepper sold out his holdings in Marathon Oil Corp.. His sale prices were between $22.05 and $34.07, with an estimated average price of $27.55.

Sold Out: Suntrust Banks Inc. (STI)

David Tepper sold out his holdings in Suntrust Banks Inc.. His sale prices were between $16.91 and $26.26, with an estimated average price of $21.15.

Sold Out: Yahoo! Inc. (YHOO)

David Tepper sold out his holdings in Yahoo! Inc.. His sale prices were between $11.09 and $15.81, with an estimated average price of $13.85.

Sold Out: Hartford Financial Svcs. (HIG)

David Tepper sold out his holdings in Hartford Financial Svcs.. His sale prices were between $15.82 and $27.03, with an estimated average price of $20.4.

Sold Out: Con-way Inc. (CNW)

David Tepper sold out his holdings in Con-way Inc.. His sale prices were between $21.76 and $41.87, with an estimated average price of $30.05.

Sold Out: D.r. Horton Inc. (DHI)

David Tepper sold out his holdings in D.r. Horton Inc.. His sale prices were between $8.94 and $12.13, with an estimated average price of $10.44.

Sold Out: General Motors (GM)

David Tepper sold out his holdings in General Motors. His sale prices were between $20.24 and $31.8, with an estimated average price of $25.39.

Sold Out: Brunswick Corp. (BC)

David Tepper sold out his holdings in Brunswick Corp.. His sale prices were between $13.65 and $21.98, with an estimated average price of $17.07.

Sold Out: Manitowoc Co. (MTW)

David Tepper sold out his holdings in Manitowoc Co.. His sale prices were between $6.84 and $18.08, with an estimated average price of $11.81.

Sold Out: Alpha Natural Resources Inc. (ANR)

David Tepper sold out his holdings in Alpha Natural Resources Inc.. His sale prices were between $18.71 and $47.12, with an estimated average price of $34.9.

Sold Out: Cliffs Natural Resources Inc (CLF)

David Tepper sold out his holdings in Cliffs Natural Resources Inc. His sale prices were between $54.19 and $101.43, with an estimated average price of $81.2.

Sold Out: Walter Energy Inc (WLT)

David Tepper sold out his holdings in Walter Energy Inc. His sale prices were between $60.45 and $131.71, with an estimated average price of $93.17.

Sold Out: Royal Bank Of Scotland Group Ads Series R (RBS.PR)

David Tepper sold out his holdings in Royal Bank Of Scotland Group Ads Series R. His sale prices were between $9.98 and $16.85, with an estimated average price of $13.14.

Sold Out: Royal Bank Of Scotland Group Ads Series P (RBS.PP)

David Tepper sold out his holdings in Royal Bank Of Scotland Group Ads Series P. His sale prices were between $9.97 and $16.71, with an estimated average price of $13.23.

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

David Tepper added to his holdings in Calumet Specialty Products Partners L.p. Common Un by 263.69%. His purchase prices were between $16.08 and $23.8, with an estimated average price of $20.17. The impact to his portfolio due to this purchase was 1.06%. His holdings were 1,333,893 shares as of 09/30/2011.

Reduced: Citigroup Inc. (C)

David Tepper reduced to his holdings in Citigroup Inc. by 65.01%. His sale prices were between $23.96 and $42.63, with an estimated average price of $32.61. The impact to his portfolio due to this sale was -4.6%. David Tepper still held 2,519,761 shares as of 09/30/2011.

Reduced: Mosaic Company (MOS)

David Tepper reduced to his holdings in Mosaic Company by 69.16%. His sale prices were between $54.2 and $73.18, with an estimated average price of $67.26. The impact to his portfolio due to this sale was -2.64%. David Tepper still held 737,000 shares as of 09/30/2011.

Reduced: Macys Inc. (M)

David Tepper reduced to his holdings in Macys Inc. by 47.94%. His sale prices were between $23.18 and $30.5, with an estimated average price of $27.21. The impact to his portfolio due to this sale was -2.09%. David Tepper still held 3,286,543 shares as of 09/30/2011.

Reduced: Microsoft Corp. (MSFT)

David Tepper reduced to his holdings in Microsoft Corp. by 56.59%. His sale prices were between $24.05 and $28.08, with an estimated average price of $26.18. The impact to his portfolio due to this sale was -1.37%. David Tepper still held 1,711,926 shares as of 09/30/2011.

Reduced: Valero Energy Corp. (VLO)

David Tepper reduced to his holdings in Valero Energy Corp. by 28.38%. His sale prices were between $18.32 and $26.89, with an estimated average price of $22.57. The impact to his portfolio due to this sale was -1.33%. David Tepper still held 5,558,808 shares as of 09/30/2011.

Reduced: Apple Inc. (AAPL)

David Tepper reduced to his holdings in Apple Inc. by 80.94%. His sale prices were between $349.43 and $413.45, with an estimated average price of $381.98. The impact to his portfolio due to this sale was -1.28%. David Tepper still held 38,119 shares as of 09/30/2011.

Reduced: Goodyear Tire & Rubber Co. (GT)

David Tepper reduced to his holdings in Goodyear Tire & Rubber Co. by 23.12%. His sale prices were between $9.39 and $17.89, with an estimated average price of $13.6. The impact to his portfolio due to this sale was -1.28%. David Tepper still held 10,762,142 shares as of 09/30/2011.

Reduced: International Paper Co. (IP)

David Tepper reduced to his holdings in International Paper Co. by 34.93%. His sale prices were between $23.23 and $30.95, with an estimated average price of $27.46. The impact to his portfolio due to this sale was -1.25%. David Tepper still held 3,316,483 shares as of 09/30/2011.

Reduced: Cf Industries Holdings (CF)

David Tepper reduced to his holdings in Cf Industries Holdings by 37.75%. His sale prices were between $138.25 and $189.78, with an estimated average price of $162.39. The impact to his portfolio due to this sale was -1.09%. David Tepper still held 539,996 shares as of 09/30/2011.

Reduced: Micron Technology Inc. (MU)

David Tepper reduced to his holdings in Micron Technology Inc. by 39.54%. His sale prices were between $5.25 and $8.09, with an estimated average price of $6.7. The impact to his portfolio due to this sale was -1.01%. David Tepper still held 8,785,444 shares as of 09/30/2011.

Reduced: United Continental Holdings (UAL)

David Tepper reduced to his holdings in United Continental Holdings by 27.93%. His sale prices were between $16.61 and $22.86, with an estimated average price of $19.33. The impact to his portfolio due to this sale was -0.83%. David Tepper still held 4,011,253 shares as of 09/30/2011.

Reduced: Applied Materials Inc. (AMAT)

David Tepper reduced to his holdings in Applied Materials Inc. by 36.72%. His sale prices were between $10.36 and $13.435, with an estimated average price of $11.71. The impact to his portfolio due to this sale was -0.74%. David Tepper still held 4,144,385 shares as of 09/30/2011.

Reduced: Us Airways Group Inc. (LCC)

David Tepper reduced to his holdings in Us Airways Group Inc. by 24.35%. His sale prices were between $4.85 and $8.45, with an estimated average price of $6.14. The impact to his portfolio due to this sale was -0.63%. David Tepper still held 9,291,039 shares as of 09/30/2011.

Reduced: Templeinland Inc. (TIN)

David Tepper reduced to his holdings in Templeinland Inc. by 67.24%. His sale prices were between $21.33 and $31.45, with an estimated average price of $29.08. The impact to his portfolio due to this sale was -0.55%. David Tepper still held 383,336 shares as of 09/30/2011.

Reduced: Google Inc. (GOOG)

David Tepper reduced to his holdings in Google Inc. by 42.99%. His sale prices were between $490.92 and $622.52, with an estimated average price of $552.64. The impact to his portfolio due to this sale was -0.46%. David Tepper still held 51,311 shares as of 09/30/2011.

Reduced: Teradyne Inc. (TER)

David Tepper reduced to his holdings in Teradyne Inc. by 37.57%. His sale prices were between $10.9 and $15.19, with an estimated average price of $12.63. The impact to his portfolio due to this sale was -0.35%. David Tepper still held 1,663,910 shares as of 09/30/2011.

Reduced: Western Refining (WNR)

David Tepper reduced to his holdings in Western Refining by 27.11%. His sale prices were between $12.59 and $21.44, with an estimated average price of $17.55. The impact to his portfolio due to this sale was -0.32%. David Tepper still held 2,039,872 shares as of 09/30/2011.

Reduced: Klatencor Corp. (KLAC)

David Tepper reduced to his holdings in Klatencor Corp. by 22.25%. His sale prices were between $33.67 and $44.11, with an estimated average price of $38.56. The impact to his portfolio due to this sale was -0.28%. David Tepper still held 1,034,534 shares as of 09/30/2011.

Reduced: Lam Research Corp. (LRCX)

David Tepper reduced to his holdings in Lam Research Corp. by 20.37%. His sale prices were between $35.38 and $44.86, with an estimated average price of $39.57. The impact to his portfolio due to this sale was -0.24%. David Tepper still held 905,616 shares as of 09/30/2011.

Reduced: Tesoro Corp. (TSO)

David Tepper reduced to his holdings in Tesoro Corp. by 27.83%. His sale prices were between $18.39 and $25.34, with an estimated average price of $22.59. The impact to his portfolio due to this sale was -0.23%. David Tepper still held 1,104,424 shares as of 09/30/2011.

Reduced: Amr (AMR)

David Tepper reduced to his holdings in Amr by 23.89%. His sale prices were between $3.14 and $5.5, with an estimated average price of $3.94. The impact to his portfolio due to this sale was -0.17%. David Tepper still held 4,281,293 shares as of 09/30/2011.

Reduced: Kb Home (KBH)

David Tepper reduced to his holdings in Kb Home by 32.71%. His sale prices were between $5.27 and $9.94, with an estimated average price of $7.31. The impact to his portfolio due to this sale was -0.1%. David Tepper still held 878,409 shares as of 09/30/2011.

Reduced: Pulte Group (PHM)

David Tepper reduced to his holdings in Pulte Group by 27.45%. His sale prices were between $3.61 and $7.84, with an estimated average price of $5.44. The impact to his portfolio due to this sale was -0.08%. David Tepper still held 1,115,812 shares as of 09/30/2011.

Reduced: Beazer Homes Usa Inc. (BZH)

David Tepper reduced to his holdings in Beazer Homes Usa Inc. by 32.45%. His sale prices were between $1.57 and $3.64, with an estimated average price of $2.31. The impact to his portfolio due to this sale was -0.07%. David Tepper still held 1,791,962 shares as of 09/30/2011.

Reduced: Ryland Group Inc. (RYL)

David Tepper reduced to his holdings in Ryland Group Inc. by 27.31%. His sale prices were between $9.61 and $17.08, with an estimated average price of $12.69. The impact to his portfolio due to this sale was -0.02%. David Tepper still held 135,268 shares as of 09/30/2011.

Reduced: Supermedia Inc. (SPMD)

David Tepper reduced to his holdings in Supermedia Inc. by 30.34%. His sale prices were between $1.67 and $4.05, with an estimated average price of $2.79. The impact to his portfolio due to this sale was -0.01%. David Tepper still held 289,764 shares as of 09/30/2011.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 3.0/5 (16 votes)

Comments

dealraker
Dealraker - 3 years ago
Does anyone care what Tepper- the next blowup - does?
onlyvalue
Onlyvalue premium member - 3 years ago
It's one of the biggest sold-out of a big and solid GURU like Tepper,

His crystal ball is broken or mine ?????

Please leave your comment:


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