Top 5 2nd Quarter Trades of David Tepper

Author's Avatar
insider
Aug 15, 2022
Article's Main Image

David Tepper recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

David Alan Tepper is the founder of Appaloosa Management, which is a hedge fund investment firm based in Miami Beach, Florida. Tepper initially became interested in the stock market as a young boy watching his father trade stocks in his hometown of Pittsburgh. Today, as President and Founder of Appaloosa Management, Tepper has earned an international reputation for producing some of the highest returns amongst fund managers on Wall Street. He earned a Master of Science in Industrial Administration from Carnegie Mellon in 1982.

As of the latest 13F report, the guru’s equity portfolio contained 30 stocks valued at a total of $1.59Bil. The top holdings were GOOG(13.73%), META(10.12%), and AMZN(10.00%).

According to GuruFocus data, these were

David Tepper (Trades, Portfolio)’s top five trades of the quarter.

Constellation Energy Corp


The guru established a new position worth 2,700,000 shares in NAS:CEG, giving the stock a 9.71% weight in the equity portfolio. Shares traded for an average price of $60.08 during the quarter.

On 08/15/2022, Constellation Energy Corp traded for a price of $81.2 per share and a market cap of $26.54Bil. The stock has returned 0.00% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, Constellation Energy Corp has a price-earnings ratio of 41.23, a price-book ratio of 2.42, a EV-to-Ebitda ratio of 7.81 and a price-sales ratio of 1.27.

Micron Technology Inc


David Tepper (Trades, Portfolio) reduced their investment in NAS:MU by 1,525,000 shares. The trade had a 4.76% impact on the equity portfolio. During the quarter, the stock traded for an average price of $68.07.

On 08/15/2022, Micron Technology Inc traded for a price of $64.7 per share and a market cap of $71.37Bil. The stock has returned -8.19% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Micron Technology Inc has a price-earnings ratio of 7.39, a price-book ratio of 1.45, a price-earnings-to-growth (PEG) ratio of 0.40, a EV-to-Ebitda ratio of 3.80 and a price-sales ratio of 2.26.

The price-to-GF Value ratio is 0.78, earning the stock a GF Value rank of 10.

Occidental Petroleum Corp


David Tepper (Trades, Portfolio) reduced their investment in NYSE:OXY by 1,965,000 shares. The trade had a 4.46% impact on the equity portfolio. During the quarter, the stock traded for an average price of $61.35.

On 08/15/2022, Occidental Petroleum Corp traded for a price of $64.34 per share and a market cap of $59.93Bil. The stock has returned 150.56% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Occidental Petroleum Corp has a price-earnings ratio of 6.15, a price-book ratio of 3.32, a EV-to-Ebitda ratio of 4.68 and a price-sales ratio of 1.86.

The price-to-GF Value ratio is 1.28, earning the stock a GF Value rank of 3.

Kohl's Corp


During the quarter,

David Tepper (Trades, Portfolio) bought 1,175,000 shares of NYSE:KSS for a total holding of 1,875,000. The trade had a 2.63% impact on the equity portfolio. During the quarter, the stock traded for an average price of $49.21.

On 08/15/2022, Kohl's Corp traded for a price of $33.06 per share and a market cap of $4.25Bil. The stock has returned -36.58% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Kohl's Corp has a price-earnings ratio of 5.12, a price-book ratio of 0.93, a EV-to-Ebitda ratio of 4.66 and a price-sales ratio of 0.24.

The price-to-GF Value ratio is 0.59, earning the stock a GF Value rank of 4.

PG&E Corp


David Tepper (Trades, Portfolio) reduced their investment in NYSE:PCG by 5,257,160 shares. The trade had a 2.51% impact on the equity portfolio. During the quarter, the stock traded for an average price of $11.76.

On 08/15/2022, PG&E Corp traded for a price of $12.39 per share and a market cap of $30.55Bil. The stock has returned 35.86% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 5 out of 10.

In terms of valuation, PG&E Corp has a price-earnings ratio of 154.90, a price-book ratio of 1.11, a EV-to-Ebitda ratio of 13.65 and a price-sales ratio of 1.17.

The price-to-GF Value ratio is 2.18, earning the stock a GF Value rank of 1.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!

This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.

Also check out:
    Rating:
    0 / 5 (0 votes)
    Author's Avatar
    WRITTEN BY

    Request A Demo

    Learn more about GuruFocus' key features, including All-In-One Screener, backtesting, 30-year financial, stock summary page, guru trades, insider trades, excel Add-in, google sheets and much more.

    GuruFocus Screeners

    Related Articles