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Highest-Earning David Tepper - Five Sell Outs

May 15, 2013 | About:
Sally Jones

Sally Jones

49 followers
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) - 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:

1368644011049.pngBWA data by GuruFocus.com

Sold Out: Oracle Corporation (ORCL) – 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:

1368643938525.pngORCL data by GuruFocus.com

His holding history:



Sold Out: Ensco PLC (ESV) – 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:

1368644085453.pngESV data by GuruFocus.com

Sold Out: Noble Corporation (NE) – 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:

1368644140234.pngNE data by GuruFocus.com

Sold Out: Freeport-McMoRan Copper & Gold (FCX) – 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:

1368644188580.pngFCX 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

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.5/5 (4 votes)

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