Highest-earning investor Guru David Tepper, founder of Appaloosa Management, sold out holdings in five companies in the first quarter of 2013. The true alpha investor is letting go of companies dealing in automobiles, application software, oil and gas drilling, and metals and mining. Here’s a review of the billionaire philanthropist’s sells along with an interactive valuation chart to track share prices over 10 years. All trades were made as of quarter ending March 31, 2013.
Sold Out: BorgWarner Inc. (BWA, Financial) - Autos
David Tepper sold out his BWA holding, selling 222,789 shares at an average price of $75.61 for a 10.2% gain. GuruFocus shows that Tepper held this stock for only two quarters, and made a 25% gain in the previous quarter. The impact of this trade to his portfolio is -0.35%.
The current share price is $83.34 compare to valuations over 10 years:
BWA data by GuruFocus.com
Sold Out: Oracle Corporation (ORCL, Financial) – Application Software
David Tepper sold out his ORCL holding, selling 2,395,110 shares at an average price of $34.78 at a loss of 2.5%. GuruFocus shows that Tepper held this stock for 10 quarters, always making a gain until this sell out. The first quarter of 2009 was Tepper’s highest gain of 101.9%.
This trade impacts his portfolio by -2.3%.
The current share price is $33.90 compared to valuations over 10 years:
ORCL data by GuruFocus.com
His holding history:
Sold Out: Ensco PLC (ESV, Financial) – Oil & Gas Drilling
David Tepper of Appaloosa Management also sold out his ESV holding, selling 721,149 shares at an average price of $61.11, for a 0.6% gain. GuruFocus shows that Tepper held this stock for only two quarters, and made a gain of 7.4% on ESV in the previous quarter. This trade impacts his portfolio by 0.93%.
The current share price is $61.45 compared to valuations over 10 years:
ESV data by GuruFocus.com
Sold Out: Noble Corporation (NE, Financial) – Oil & Gas Drilling
David Tepper also sold out his NE holding, selling 1,339,443 shares at an average price of $37.65, for a 4.1% gain. GuruFocus shows that Tepper held this stock for only two quarters, and made a gain of 9.7% on NE in the previous quarter. This trade impacts his portfolio by-1%.
The current share price is $39.20 compared to valuations over 10 years:
NE data by GuruFocus.com
Sold Out: Freeport-McMoRan Copper & Gold (FCX, Financial) – Metals & Mining
David Tepper of Appaloosa Management also sold out his FCX holding, selling 520,337 shares at an average price of $34.02, for a loss of 7.2%. GuruFocus shows that Tepper held this stock for only two quarters, and also had a loss of 16% in the previous quarter. This trade impacts his portfolio by-0.39%.
The current share price is $31.57 compared to valuations over 10 years:
FCX data by GuruFocus.com
Guru David Tepper personally made $2.2 billion in 2012. Tepper’s hedge fund, Appaloosa Management, had net returns of almost 30% last year, with an average annual return of 23.3% over five years, and 29.2% since inception in 1993. His updated portfolio lists 61 stocks, 10 of them new, and a total value of $4.7 billion. The fund’s quarter-over-quarter turnover is 11%.
Here is the complete portfolio of David Tepper.
1. David Tepper's Undervalued Stocks
2. David Tepper's Top Growth Companies
3. David Tepper's High Yield stocks
4. Stocks that David Tepper keeps buying
If you are not yet a Premium Member, we invite you for a 7-day Free Trial.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.
Sold Out: BorgWarner Inc. (BWA, Financial) - Autos
David Tepper sold out his BWA holding, selling 222,789 shares at an average price of $75.61 for a 10.2% gain. GuruFocus shows that Tepper held this stock for only two quarters, and made a 25% gain in the previous quarter. The impact of this trade to his portfolio is -0.35%.
The current share price is $83.34 compare to valuations over 10 years:
BWA data by GuruFocus.comSold Out: Oracle Corporation (ORCL, Financial) – Application Software
David Tepper sold out his ORCL holding, selling 2,395,110 shares at an average price of $34.78 at a loss of 2.5%. GuruFocus shows that Tepper held this stock for 10 quarters, always making a gain until this sell out. The first quarter of 2009 was Tepper’s highest gain of 101.9%.
This trade impacts his portfolio by -2.3%.
The current share price is $33.90 compared to valuations over 10 years:
ORCL data by GuruFocus.comHis holding history:
Sold Out: Ensco PLC (ESV, Financial) – Oil & Gas Drilling
David Tepper of Appaloosa Management also sold out his ESV holding, selling 721,149 shares at an average price of $61.11, for a 0.6% gain. GuruFocus shows that Tepper held this stock for only two quarters, and made a gain of 7.4% on ESV in the previous quarter. This trade impacts his portfolio by 0.93%.
The current share price is $61.45 compared to valuations over 10 years:
ESV data by GuruFocus.comSold Out: Noble Corporation (NE, Financial) – Oil & Gas Drilling
David Tepper also sold out his NE holding, selling 1,339,443 shares at an average price of $37.65, for a 4.1% gain. GuruFocus shows that Tepper held this stock for only two quarters, and made a gain of 9.7% on NE in the previous quarter. This trade impacts his portfolio by-1%.
The current share price is $39.20 compared to valuations over 10 years:
NE data by GuruFocus.comSold Out: Freeport-McMoRan Copper & Gold (FCX, Financial) – Metals & Mining
David Tepper of Appaloosa Management also sold out his FCX holding, selling 520,337 shares at an average price of $34.02, for a loss of 7.2%. GuruFocus shows that Tepper held this stock for only two quarters, and also had a loss of 16% in the previous quarter. This trade impacts his portfolio by-0.39%.
The current share price is $31.57 compared to valuations over 10 years:
FCX data by GuruFocus.comGuru David Tepper personally made $2.2 billion in 2012. Tepper’s hedge fund, Appaloosa Management, had net returns of almost 30% last year, with an average annual return of 23.3% over five years, and 29.2% since inception in 1993. His updated portfolio lists 61 stocks, 10 of them new, and a total value of $4.7 billion. The fund’s quarter-over-quarter turnover is 11%.
Here is the complete portfolio of David Tepper.
1. David Tepper's Undervalued Stocks
2. David Tepper's Top Growth Companies
3. David Tepper's High Yield stocks
4. Stocks that David Tepper keeps buying
If you are not yet a Premium Member, we invite you for a 7-day Free Trial.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.
