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Holly LaFon
Holly LaFon
Articles (9202)  | Author's Website |

David Tepper's Top Stock Holdings in His Favorite Sector

December 23, 2014 | About:

David Tepper (Trades, Portfolio) believes 2015 could play out like 1999 as both years were preceded by trouble in Russia and “worldwide money” that was “made too easy for where USA fundamentals were in both late 1998 and 2014,” he told CNBC on Wednesday.

He also foresaw overvaluation of markets next year, and said they are at fair value now.

As of the end of the third quarter, Tepper’s top sector in his long portfolio at his hedge fund, Appaloosa Management, is Consumer Cyclical, which composes 24.7%. Consumer Cyclical stocks tend to respond to the direction of the economy.

Tepper’s largest holdings within this sector at quarter-end were: General Motors Co. (NYSE:GM), Priceline Group Inc. (PCLN), Goodyear Tire & Rubber Co. (NASDAQ:GT) and CBS Corp (NYSE:CBS).

General Motors Co. (NYSE:GM)

GM comprised a full 7% of Tepper’s portfolio, and he increased the position by 14.5% in the third quarter to 14,863,791 shares. General Motors’ third quarter price averaged $35 and has declined by 18% year to date.

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General Motors Co. was incorporated as a Delaware corporation in 2009. General Motors Co. has a market cap of $53.92 billion; its shares were traded at around $33.56 with a P/E ratio of 22.10 and P/S ratio of 0.36. The dividend yield of General Motors Co. stocks is 3.6%.

Priceline Group Inc. (PCLN)

Tepper held 366,574 shares of Priceline Group, representing 6.3% of his portfolio, and also increase the position in the third quarter, this time by 16.4%. Priceline shares cost on average $1,231 in the third quarter. So far this year the stock has fallen 1.3%.

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Priceline Group Inc. was formed as a Delaware limited liability company in 1997 and was converted into a Delaware corporation in July 1998. Priceline Group Inc. has a market cap of $60.08 billion; its shares were traded at around $1147.61 with a P/E ratio of 26.0 and P/S ratio of 7.50. Priceline Group Inc. had an annual average earnings growth of 54.70% over the past 10 years. GuruFocus rated Priceline Group Inc. the business predictability rank of 4-star.

Goodyear Tire & Rubber Co. (NASDAQ:GT)

Tepper held 11,281,096 shares of Goodyear, for 3.8% of the portfolio. He left the position unchanged in the third quarter. Goodyear shares have gained 18.5% this year, and Tepper has a gain of 59% on his average purchase price for all the shares he owns of the company.

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Goodyear Tire & Rubber Co. is an Ohio corporation organized in 1898. Goodyear Tire & Rubber Co. has a market cap of $7.76 billion; its shares were traded at around $28.27 with a P/E ratio of 14.70 and P/S ratio of 0.40. The dividend yield of Goodyear Tire & Rubber Co. stocks is 0.80%. Goodyear Tire & Rubber Co. had an annual average earnings growth of 28.3% over the past five years.

CBS Corp (NYSE:CBS)

Tepper held 2,855,078 shares of CBS Corp, representing 2.3% of his portfolio. He upped the stake 32% in the third quarter. The stock’s third quarter price averaged $59 per share, and shares have dropped 12% year to date.

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CBS Corp was organized in Delaware in 1986. It is a mass media company. CBS Corp has a market cap of $28.94 billion; its shares were traded at around $55.83 with a P/E ratio of 10.80 and P/S ratio of 2.30. The dividend yield of CBS Corp stocks is 1.0%. CBS Corp had an annual average earnings growth of 26.6% over the past five years.

See more Dodge & Cox stocks at their portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here.

About the author:

Holly LaFon
I'm a financial journalist with a master of science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website


Rating: 5.0/5 (3 votes)

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Comments

Old_water_dude
Old_water_dude - 3 years ago    Report SPAM
The US Pipe retirees were promised health insurance for 30 years. When a David Tepper (Trades, Portfolio) company - mueller cancelled the US Pipe reiree health insurance they claimed they did not offer benefits to retirees. the US Pipe retirees have documents claiming that their health insurance would not be canceled after a sale. The SEC document was filed in error. It is the Movie "SELMA" all over agin except it is old folks being stomped at the bridge by Mountain Brook. The Alabama management style rolls on as the retirees are cancelled for executive luxury cars to drive around Mountain Brook.

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