As mutual fund guru Bruce Berkowitz is getting into financials and getting out of healthcare stocks, hedge fund guru David Tepper is getting into healthcare and getting out of financials. They are acting in opposite directions, but both are great investors. This is the Q1 portfolio update of Appaloosa Management. David Tepper likes to invest in distressed situations, that is why he got into financials like Bank of America and Citigroup at the peak of the market panic in 2009. He made a killing with those investment, and pocketed $3 billion in fee in 2009. Now he is getting in healthcare.
David Tepper buys Pfizer Inc, Johnson & Johnson, Merck & Co. Inc., Valero Energy Corp., Yahoo! Inc., Idearc Inc., Sunoco Inc., Tesoro Corp., Con-way Inc., Yrc Worldwide Inc., Continental Airlines Inc., Arkansas Best Corp., American Commercial Lines Inc, sells Rite Aid Corp., Hospitality Properties Trust during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, APPALOOSA MANAGEMENT LP. David Tepper owns 62 stocks with a total value of $3.3 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of David Tepper
Navistar International is a holding company and its principal operating subsidiary is Navistar Int'l Transportation Corp. Navistar International Corp. has a market cap of $3.87 billion; its shares were traded at around $54.43 with a P/E ratio of 22.7 and P/S ratio of 0.3.
Hartford Financial Services is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The Hartford Financial Services Group In has a market cap of $11.44 billion; its shares were traded at around $26.21 with a P/E ratio of 5.1 and P/S ratio of 0.5. The dividend yield of The Hartford Financial Services Group In stocks is 0.7%.
Goodyear is one of the world's largest tire companies. The Goodyear Tire & Rubber Company has a market cap of $3.16 billion; its shares were traded at around $13.05 with and P/S ratio of 0.2.
Willis Group is a global insurance broker providing specialized risk management, advisory, and other services to a broad range of corporate andinstitutional clients, with particular expertise in the construction, aerospace, marine and energy industries. Willis Group Holdings Ltd. has a market cap of $5.43 billion; its shares were traded at around $32.14 with a P/E ratio of 11.5 and P/S ratio of 1.7. The dividend yield of Willis Group Holdings Ltd. stocks is 3.3%. Willis Group Holdings Ltd. had an annual average earning growth of 8.3% over the past 10 years.
Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $130.7 billion; its shares were traded at around $16.2 with a P/E ratio of 7.7 and P/S ratio of 2.5. The dividend yield of Pfizer Inc stocks is 4.4%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $176.32 billion; its shares were traded at around $63.97 with a P/E ratio of 13.7 and P/S ratio of 2.9. The dividend yield of Johnson & Johnson stocks is 3%. Johnson & Johnson had an annual average earning growth of 11.1% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.
Merck & Co., Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Merck & Co. Inc. has a market cap of $102.43 billion; its shares were traded at around $32.88 with a P/E ratio of 9.8 and P/S ratio of 3.8. The dividend yield of Merck & Co. Inc. stocks is 4.6%.
Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD, making it one of the nation's top refiners of petroleum products. Valero Energy Corp. has a market cap of $11.37 billion; its shares were traded at around $20.13 with and P/S ratio of 0.2. The dividend yield of Valero Energy Corp. stocks is 1%. Valero Energy Corp. had an annual average earning growth of 11.9% over the past 10 years.
Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. Yahoo! Inc. has a market cap of $22.95 billion; its shares were traded at around $16.39 with a P/E ratio of 38.1 and P/S ratio of 3.5.
SuperMedia Inc., based in Dallas, Texas, is an advertising agency for local small to medium sized businesses across the United States. Idearc Inc. has a market cap of $568 million; its shares were traded at around $37.87 with and P/S ratio of 0.2.
Sunoco, Inc. is principally a petroleum refiner and marketer with interests in cokemaking. Sunoco Inc. has a market cap of $3.72 billion; its shares were traded at around $30.9 with and P/S ratio of 0.1. The dividend yield of Sunoco Inc. stocks is 1.9%. Sunoco Inc. had an annual average earning growth of 11.3% over the past 10 years.
Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. Tesoro Corp. has a market cap of $1.82 billion; its shares were traded at around $12.94 with and P/S ratio of 0.1. Tesoro Corp. had an annual average earning growth of 11.8% over the past 10 years.
Con-way Inc.is a freight transportation and logistics company with businesses in less-than-truckload and full truckload freight services, brokerage, logistics, warehousing, supply chain management and trailer manufacturing. Con-way Inc. has a market cap of $1.73 billion; its shares were traded at around $35 with a P/E ratio of 35.1 and P/S ratio of 0.4. The dividend yield of Con-way Inc. stocks is 1.2%. Con-way Inc. had an annual average earning growth of 0.8% over the past 10 years.
YRC Worldwide Inc., is one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway Express, Reimer Express, Meridian IQ, USF Holland, USF Reddaway, USF Bestway, USF Glen Moore, and New Penn Motor Express. Yrc Worldwide Inc. has a market cap of $448.4 million; its shares were traded at around $0.4393 with and P/S ratio of 0.1.
Continental Airlines, Inc. is one of the largest airlines in the U. Continental Airlines Inc. has a market cap of $2.87 billion; its shares were traded at around $20.65 with and P/S ratio of 0.2.
Arkansas Best Corporation is a diversified holding company engaged through its motor carrier subsidiaries in less-than-truckload and truckload shipments of general commodities, through its freight forwarding and logistics subsidiaries in intermodal marketing and freight logistics services. Arkansas Best Corp. has a market cap of $717.4 million; its shares were traded at around $28.36 with and P/S ratio of 0.5. The dividend yield of Arkansas Best Corp. stocks is 0.4%.
American Commercial Lines LLC is a fully integrated network of marine transportation companies, operating in barges and towboats on the inland waterways of North and South America and transporting more than million tons of freight annually. American Commercial Lines Inc has a market cap of $269.4 million; its shares were traded at around $21.18 with a P/E ratio of 26.8 and P/S ratio of 0.3.
OfficeMax, Incorporated is a leader in both business-to-business and retail office products distribution. Officemax Inc. has a market cap of $1.52 billion; its shares were traded at around $17.93 with a P/E ratio of 44.9 and P/S ratio of 0.2.
Office Depot, Inc., together with its subsidiaries, is the one of the largest suppliers of office products and services in the world. Office Depot Inc. has a market cap of $1.77 billion; its shares were traded at around $6.43 with and P/S ratio of 0.2.
Conseco, Inc. is one of middle America's sources for supplemental health insurance, life insurance and annuities. Conseco Inc. has a market cap of $1.46 billion; its shares were traded at around $5.83 with a P/E ratio of 7.3 and P/S ratio of 0.4.
The E*TRADE FINANCIAL family of companies provide financial services including brokerage, banking and lending for retail, corporate and institutional customers. E*trade Financial Corp. has a market cap of $3.01 billion; its shares were traded at around $1.57 with and P/S ratio of 1.4.
XL Capital Limited, through its subsidiaries, provides excess liability insurance coverage to industrial, commercial and other enterprises, directors and officers of such enterprises, professional firms, high excess property coverage, and the assumption of reinsurance contracts on a worldwide basis. Xl Capital Ltd has a market cap of $6.43 billion; its shares were traded at around $18.8 with a P/E ratio of 7.5 and P/S ratio of 1.1. The dividend yield of Xl Capital Ltd stocks is 2.1%.
Brunswick Corporation is a manufacturer and marketer of consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. Brunswick Corp. has a market cap of $1.82 billion; its shares were traded at around $20.62 with and P/S ratio of 0.7. The dividend yield of Brunswick Corp. stocks is 0.2%.
BB&T Corporation is a multi-bank holding company. The company offers full-service commercial and retail banking and additional financial services such as insurance, corporate finance, international banking, leasing and trust. Bb&t Corp. has a market cap of $23.55 billion; its shares were traded at around $34.05 with a P/E ratio of 35 and P/S ratio of 2.3. The dividend yield of Bb&t Corp. stocks is 1.9%. Bb&t Corp. had an annual average earning growth of 0.1% over the past 10 years.
Valassis Communications offers a wide range of marketing services to consumer packaged goods manufacturers, retailers, technology companies and other customers with operations in the United States, Europe, Mexico and Canada. Valassis Communications Inc. has a market cap of $1.68 billion; its shares were traded at around $34.17 with a P/E ratio of 23.1 and P/S ratio of 0.7.
Delta is America's fastest growing international carrier. Delta Air Lines Inc. has a market cap of $10.79 billion; its shares were traded at around $13.74 with and P/S ratio of 0.3.
United Airlines organization is committed to continuous improvements in costs, revenues and operations to sustain and enhance a competitive margin. Ual Corp. has a market cap of $3.32 billion; its shares were traded at around $19.85 with and P/S ratio of 0.2.
AMR Corporation operations fall almost entirely in the airline industry. Amr Corp. has a market cap of $2.38 billion; its shares were traded at around $7.16 with and P/S ratio of 0.1.
Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. Capital One Financial Corp. has a market cap of $19.51 billion; its shares were traded at around $42.76 with a P/E ratio of 14.4 and P/S ratio of 1.2. The dividend yield of Capital One Financial Corp. stocks is 0.4%. Capital One Financial Corp. had an annual average earning growth of 0.4% over the past 10 years.
SunTrust Banks, Inc. is a commercial banking organization. Suntrust Banks Inc. has a market cap of $14.97 billion; its shares were traded at around $29.82 with and P/S ratio of 1.5. The dividend yield of Suntrust Banks Inc. stocks is 0.1%.
Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. Fifth Third Bancorp has a market cap of $11.19 billion; its shares were traded at around $14.08 with and P/S ratio of 1.1. The dividend yield of Fifth Third Bancorp stocks is 0.3%.
Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $113.34 billion; its shares were traded at around $3.98 with and P/S ratio of 1.3.
Rite Aid Corporation is a retail drugstore chain in the United States serving customers in numerous states across the country and in the District of Columbia. Rite Aid Corp. has a market cap of $1.12 billion; its shares were traded at around $1.26 .
Hospitality Properties Trust is a real estate investment trust. Hospitality Properties Trust has a market cap of $3.07 billion; its shares were traded at around $24.87 with and P/S ratio of 3. The dividend yield of Hospitality Properties Trust stocks is 7.3%. Hospitality Properties Trust had an annual average earning growth of 2.2% over the past 10 years.
David Tepper buys Pfizer Inc, Johnson & Johnson, Merck & Co. Inc., Valero Energy Corp., Yahoo! Inc., Idearc Inc., Sunoco Inc., Tesoro Corp., Con-way Inc., Yrc Worldwide Inc., Continental Airlines Inc., Arkansas Best Corp., American Commercial Lines Inc, sells Rite Aid Corp., Hospitality Properties Trust during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, APPALOOSA MANAGEMENT LP. David Tepper owns 62 stocks with a total value of $3.3 billion. These are the details of the buys and sells.
- New Purchases: ABFS, ACLI, CAL, CNW, JNJ, MRK, PFE, SPMD, SUN, TSO, VLO, YHOO, YRCW,
- Added Positions: GT, HIG, NAV, WSH,
- Reduced Positions: AMR, BBT, BC, C, CNO, COF, DAL, ETFC, FITB, ODP, OMX, STI, UAUA, VCI, XL,
- Sold Out: HPT, RAD,
This is the sector weightings of his portfolio:
| Financials | 57.3% |
| Health Care | 7.9% |
| Consumer Services | 4.7% |
| Technology | 3.8% |
| Oil & Gas | 2.8% |
| Industrials | 2.2% |
| Consumer Goods | 1.9% |
These are the top 5 holdings of David Tepper
- Bank Of America Corp. (BAC) - 30,342,599 shares, 16.63% of the total portfolio. Shares reduced by 5.92%
- WELLS FARGO PFD L (WFC.PL) - 311,519 shares, 9.32% of the total portfolio. Shares added by 0.06%
- Wells Fargo & Company (WFC) - 8,960,000 shares, 8.56% of the total portfolio. Shares reduced by 18.55%
- Citigroup Inc. (C) - 62,391,781 shares, 7.76% of the total portfolio. Shares reduced by 54.83%
- Fifth Third Bancorp (FITB) - 17,009,383 shares, 7.1% of the total portfolio. Shares reduced by 30.2%
Added: Navistar International Corp. (NAV, Financial)
David Tepper added to his holdings in Navistar International Corp. by 293.58%. His purchase prices were between $36.75 and $44.37, with an estimated average price of $40.31. The impact to his portfolio due to this purchase was 0.78%. His holdings were 762,383 shares as of 03/31/2010.Navistar International is a holding company and its principal operating subsidiary is Navistar Int'l Transportation Corp. Navistar International Corp. has a market cap of $3.87 billion; its shares were traded at around $54.43 with a P/E ratio of 22.7 and P/S ratio of 0.3.
Added: The Hartford Financial Services Group In (HIG, Financial)
David Tepper added to his holdings in The Hartford Financial Services Group In by 5.44%. His purchase prices were between $22.34 and $28.58, with an estimated average price of $25.64. The impact to his portfolio due to this purchase was 0.3%. His holdings were 6,586,333 shares as of 03/31/2010.Hartford Financial Services is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The Hartford Financial Services Group In has a market cap of $11.44 billion; its shares were traded at around $26.21 with a P/E ratio of 5.1 and P/S ratio of 0.5. The dividend yield of The Hartford Financial Services Group In stocks is 0.7%.
Added: The Goodyear Tire & Rubber Company (GT, Financial)
David Tepper added to his holdings in The Goodyear Tire & Rubber Company by 32.6%. His purchase prices were between $12.5 and $15.94, with an estimated average price of $13.74. The impact to his portfolio due to this purchase was 0.25%. His holdings were 2,640,851 shares as of 03/31/2010.Goodyear is one of the world's largest tire companies. The Goodyear Tire & Rubber Company has a market cap of $3.16 billion; its shares were traded at around $13.05 with and P/S ratio of 0.2.
Added: Willis Group Holdings Ltd. (WSH, Financial)
David Tepper added to his holdings in Willis Group Holdings Ltd. by 15.62%. His purchase prices were between $26.18 and $31.97, with an estimated average price of $28.89. The impact to his portfolio due to this purchase was 0.18%. His holdings were 1,383,055 shares as of 03/31/2010.Willis Group is a global insurance broker providing specialized risk management, advisory, and other services to a broad range of corporate andinstitutional clients, with particular expertise in the construction, aerospace, marine and energy industries. Willis Group Holdings Ltd. has a market cap of $5.43 billion; its shares were traded at around $32.14 with a P/E ratio of 11.5 and P/S ratio of 1.7. The dividend yield of Willis Group Holdings Ltd. stocks is 3.3%. Willis Group Holdings Ltd. had an annual average earning growth of 8.3% over the past 10 years.
New Purchase: Pfizer Inc (PFE, Financial)
David Tepper initiated holdings in Pfizer Inc. His purchase prices were between $16.91 and $20, with an estimated average price of $18.07. The impact to his portfolio due to this purchase was 3.4%. His holdings were 6,451,605 shares as of 03/31/2010.Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $130.7 billion; its shares were traded at around $16.2 with a P/E ratio of 7.7 and P/S ratio of 2.5. The dividend yield of Pfizer Inc stocks is 4.4%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
New Purchase: Johnson & Johnson (JNJ, Financial)
David Tepper initiated holdings in Johnson & Johnson. His purchase prices were between $62.37 and $65.36, with an estimated average price of $63.98. The impact to his portfolio due to this purchase was 2.54%. His holdings were 1,269,320 shares as of 03/31/2010.Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $176.32 billion; its shares were traded at around $63.97 with a P/E ratio of 13.7 and P/S ratio of 2.9. The dividend yield of Johnson & Johnson stocks is 3%. Johnson & Johnson had an annual average earning growth of 11.1% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.
New Purchase: Merck & Co. Inc. (MRK, Financial)
David Tepper initiated holdings in Merck & Co. Inc.. His purchase prices were between $36.2 and $41.03, with an estimated average price of $37.78. The impact to his portfolio due to this purchase was 1.98%. His holdings were 1,724,000 shares as of 03/31/2010.Merck & Co., Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Merck & Co. Inc. has a market cap of $102.43 billion; its shares were traded at around $32.88 with a P/E ratio of 9.8 and P/S ratio of 3.8. The dividend yield of Merck & Co. Inc. stocks is 4.6%.
New Purchase: Valero Energy Corp. (VLO, Financial)
David Tepper initiated holdings in Valero Energy Corp.. His purchase prices were between $16.75 and $20.69, with an estimated average price of $18.79. The impact to his portfolio due to this purchase was 1.74%. His holdings were 2,874,645 shares as of 03/31/2010.Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD, making it one of the nation's top refiners of petroleum products. Valero Energy Corp. has a market cap of $11.37 billion; its shares were traded at around $20.13 with and P/S ratio of 0.2. The dividend yield of Valero Energy Corp. stocks is 1%. Valero Energy Corp. had an annual average earning growth of 11.9% over the past 10 years.
New Purchase: Yahoo! Inc. (YHOO, Financial)
David Tepper initiated holdings in Yahoo! Inc.. His purchase prices were between $14.8 and $17.23, with an estimated average price of $16.05. The impact to his portfolio due to this purchase was 1.59%. His holdings were 3,132,652 shares as of 03/31/2010.Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. Yahoo! Inc. has a market cap of $22.95 billion; its shares were traded at around $16.39 with a P/E ratio of 38.1 and P/S ratio of 3.5.
New Purchase: Idearc Inc. (SPMD, Financial)
David Tepper initiated holdings in Idearc Inc.. His purchase prices were between $34.04 and $100, with an estimated average price of $39.97. The impact to his portfolio due to this purchase was 0.63%. His holdings were 500,431 shares as of 03/31/2010.SuperMedia Inc., based in Dallas, Texas, is an advertising agency for local small to medium sized businesses across the United States. Idearc Inc. has a market cap of $568 million; its shares were traded at around $37.87 with and P/S ratio of 0.2.
New Purchase: Sunoco Inc. (SUN, Financial)
David Tepper initiated holdings in Sunoco Inc.. His purchase prices were between $25.09 and $30.68, with an estimated average price of $27.64. The impact to his portfolio due to this purchase was 0.55%. His holdings were 601,311 shares as of 03/31/2010.Sunoco, Inc. is principally a petroleum refiner and marketer with interests in cokemaking. Sunoco Inc. has a market cap of $3.72 billion; its shares were traded at around $30.9 with and P/S ratio of 0.1. The dividend yield of Sunoco Inc. stocks is 1.9%. Sunoco Inc. had an annual average earning growth of 11.3% over the past 10 years.
New Purchase: Tesoro Corp. (TSO, Financial)
David Tepper initiated holdings in Tesoro Corp.. His purchase prices were between $11.7 and $15.05, with an estimated average price of $13.17. The impact to his portfolio due to this purchase was 0.54%. His holdings were 1,256,100 shares as of 03/31/2010.Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. Tesoro Corp. has a market cap of $1.82 billion; its shares were traded at around $12.94 with and P/S ratio of 0.1. Tesoro Corp. had an annual average earning growth of 11.8% over the past 10 years.
New Purchase: Con-way Inc. (CNW)
David Tepper initiated holdings in Con-way Inc.. His purchase prices were between $28.33 and $38.71, with an estimated average price of $32.52. The impact to his portfolio due to this purchase was 0.51%. His holdings were 468,575 shares as of 03/31/2010.Con-way Inc.is a freight transportation and logistics company with businesses in less-than-truckload and full truckload freight services, brokerage, logistics, warehousing, supply chain management and trailer manufacturing. Con-way Inc. has a market cap of $1.73 billion; its shares were traded at around $35 with a P/E ratio of 35.1 and P/S ratio of 0.4. The dividend yield of Con-way Inc. stocks is 1.2%. Con-way Inc. had an annual average earning growth of 0.8% over the past 10 years.
New Purchase: Yrc Worldwide Inc. (YRCW)
David Tepper initiated holdings in Yrc Worldwide Inc.. His purchase prices were between $0.3621 and $1.1, with an estimated average price of $0.66. The impact to his portfolio due to this purchase was 0.49%. His holdings were 29,630,917 shares as of 03/31/2010.YRC Worldwide Inc., is one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway Express, Reimer Express, Meridian IQ, USF Holland, USF Reddaway, USF Bestway, USF Glen Moore, and New Penn Motor Express. Yrc Worldwide Inc. has a market cap of $448.4 million; its shares were traded at around $0.4393 with and P/S ratio of 0.1.
New Purchase: Continental Airlines Inc. (CAL)
David Tepper initiated holdings in Continental Airlines Inc.. His purchase prices were between $17.25 and $23.26, with an estimated average price of $20.35. The impact to his portfolio due to this purchase was 0.36%. His holdings were 528,000 shares as of 03/31/2010.Continental Airlines, Inc. is one of the largest airlines in the U. Continental Airlines Inc. has a market cap of $2.87 billion; its shares were traded at around $20.65 with and P/S ratio of 0.2.
New Purchase: Arkansas Best Corp. (ABFS)
David Tepper initiated holdings in Arkansas Best Corp.. His purchase prices were between $21.6 and $32.82, with an estimated average price of $26.77. The impact to his portfolio due to this purchase was 0.17%. His holdings were 186,402 shares as of 03/31/2010.Arkansas Best Corporation is a diversified holding company engaged through its motor carrier subsidiaries in less-than-truckload and truckload shipments of general commodities, through its freight forwarding and logistics subsidiaries in intermodal marketing and freight logistics services. Arkansas Best Corp. has a market cap of $717.4 million; its shares were traded at around $28.36 with and P/S ratio of 0.5. The dividend yield of Arkansas Best Corp. stocks is 0.4%.
New Purchase: American Commercial Lines Inc (ACLI)
David Tepper initiated holdings in American Commercial Lines Inc. His purchase prices were between $15.24 and $25.97, with an estimated average price of $21.06. The impact to his portfolio due to this purchase was 0.02%. His holdings were 26,763 shares as of 03/31/2010.American Commercial Lines LLC is a fully integrated network of marine transportation companies, operating in barges and towboats on the inland waterways of North and South America and transporting more than million tons of freight annually. American Commercial Lines Inc has a market cap of $269.4 million; its shares were traded at around $21.18 with a P/E ratio of 26.8 and P/S ratio of 0.3.
Reduced: Officemax Inc. (OMX)
David Tepper reduced to his holdings in Officemax Inc. by 27.56%. His sale prices were between $12.69 and $17.25, with an estimated average price of $15.07. The impact to his portfolio due to this sale was -0.04%. David Tepper still held 325,852 shares as of 03/31/2010.OfficeMax, Incorporated is a leader in both business-to-business and retail office products distribution. Officemax Inc. has a market cap of $1.52 billion; its shares were traded at around $17.93 with a P/E ratio of 44.9 and P/S ratio of 0.2.
Reduced: Office Depot Inc. (ODP)
David Tepper reduced to his holdings in Office Depot Inc. by 81.06%. His sale prices were between $5.38 and $8.21, with an estimated average price of $6.88. The impact to his portfolio due to this sale was -0.04%. David Tepper still held 198,126 shares as of 03/31/2010.Office Depot, Inc., together with its subsidiaries, is the one of the largest suppliers of office products and services in the world. Office Depot Inc. has a market cap of $1.77 billion; its shares were traded at around $6.43 with and P/S ratio of 0.2.
Reduced: Conseco Inc. (CNO)
David Tepper reduced to his holdings in Conseco Inc. by 25%. His sale prices were between $4.4 and $6.47, with an estimated average price of $5.39. The impact to his portfolio due to this sale was -0.08%. David Tepper still held 1,613,994 shares as of 03/31/2010.Conseco, Inc. is one of middle America's sources for supplemental health insurance, life insurance and annuities. Conseco Inc. has a market cap of $1.46 billion; its shares were traded at around $5.83 with a P/E ratio of 7.3 and P/S ratio of 0.4.
Reduced: E*trade Financial Corp. (ETFC)
David Tepper reduced to his holdings in E*trade Financial Corp. by 28.87%. His sale prices were between $1.45 and $1.84, with an estimated average price of $1.63. The impact to his portfolio due to this sale was -0.08%. David Tepper still held 5,628,973 shares as of 03/31/2010.The E*TRADE FINANCIAL family of companies provide financial services including brokerage, banking and lending for retail, corporate and institutional customers. E*trade Financial Corp. has a market cap of $3.01 billion; its shares were traded at around $1.57 with and P/S ratio of 1.4.
Reduced: Xl Capital Ltd (XL)
David Tepper reduced to his holdings in Xl Capital Ltd by 73.52%. His sale prices were between $16.41 and $19.46, with an estimated average price of $18.09. The impact to his portfolio due to this sale was -0.11%. David Tepper still held 256,734 shares as of 03/31/2010.XL Capital Limited, through its subsidiaries, provides excess liability insurance coverage to industrial, commercial and other enterprises, directors and officers of such enterprises, professional firms, high excess property coverage, and the assumption of reinsurance contracts on a worldwide basis. Xl Capital Ltd has a market cap of $6.43 billion; its shares were traded at around $18.8 with a P/E ratio of 7.5 and P/S ratio of 1.1. The dividend yield of Xl Capital Ltd stocks is 2.1%.
Reduced: Brunswick Corp. (BC)
David Tepper reduced to his holdings in Brunswick Corp. by 20.34%. His sale prices were between $10.37 and $16.25, with an estimated average price of $13.14. The impact to his portfolio due to this sale was -0.17%. David Tepper still held 1,697,764 shares as of 03/31/2010.Brunswick Corporation is a manufacturer and marketer of consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. Brunswick Corp. has a market cap of $1.82 billion; its shares were traded at around $20.62 with and P/S ratio of 0.7. The dividend yield of Brunswick Corp. stocks is 0.2%.
Reduced: Bb&t Corp. (BBT)
David Tepper reduced to his holdings in Bb&t Corp. by 25.55%. His sale prices were between $25.37 and $32.29, with an estimated average price of $28.58. The impact to his portfolio due to this sale was -0.18%. David Tepper still held 710,391 shares as of 03/31/2010.BB&T Corporation is a multi-bank holding company. The company offers full-service commercial and retail banking and additional financial services such as insurance, corporate finance, international banking, leasing and trust. Bb&t Corp. has a market cap of $23.55 billion; its shares were traded at around $34.05 with a P/E ratio of 35 and P/S ratio of 2.3. The dividend yield of Bb&t Corp. stocks is 1.9%. Bb&t Corp. had an annual average earning growth of 0.1% over the past 10 years.
Reduced: Valassis Communications Inc. (VCI)
David Tepper reduced to his holdings in Valassis Communications Inc. by 60.95%. His sale prices were between $18.26 and $29.14, with an estimated average price of $24.48. The impact to his portfolio due to this sale was -0.29%. David Tepper still held 553,639 shares as of 03/31/2010.Valassis Communications offers a wide range of marketing services to consumer packaged goods manufacturers, retailers, technology companies and other customers with operations in the United States, Europe, Mexico and Canada. Valassis Communications Inc. has a market cap of $1.68 billion; its shares were traded at around $34.17 with a P/E ratio of 23.1 and P/S ratio of 0.7.
Reduced: Delta Air Lines Inc. (DAL)
David Tepper reduced to his holdings in Delta Air Lines Inc. by 37.59%. His sale prices were between $11.22 and $14.65, with an estimated average price of $12.75. The impact to his portfolio due to this sale was -0.32%. David Tepper still held 1,898,378 shares as of 03/31/2010.Delta is America's fastest growing international carrier. Delta Air Lines Inc. has a market cap of $10.79 billion; its shares were traded at around $13.74 with and P/S ratio of 0.3.
Reduced: Ual Corp. (UAUA)
David Tepper reduced to his holdings in Ual Corp. by 26.11%. His sale prices were between $12.23 and $20.18, with an estimated average price of $15.76. The impact to his portfolio due to this sale was -0.35%. David Tepper still held 2,247,998 shares as of 03/31/2010.United Airlines organization is committed to continuous improvements in costs, revenues and operations to sustain and enhance a competitive margin. Ual Corp. has a market cap of $3.32 billion; its shares were traded at around $19.85 with and P/S ratio of 0.2.
Reduced: Amr Corp. (AMR)
David Tepper reduced to his holdings in Amr Corp. by 44.04%. His sale prices were between $6.92 and $10.16, with an estimated average price of $8.57. The impact to his portfolio due to this sale was -0.41%. David Tepper still held 3,342,068 shares as of 03/31/2010.AMR Corporation operations fall almost entirely in the airline industry. Amr Corp. has a market cap of $2.38 billion; its shares were traded at around $7.16 with and P/S ratio of 0.1.
Reduced: Capital One Financial Corp. (COF)
David Tepper reduced to his holdings in Capital One Financial Corp. by 25.37%. His sale prices were between $34.63 and $43.02, with an estimated average price of $38.85. The impact to his portfolio due to this sale was -0.72%. David Tepper still held 2,239,047 shares as of 03/31/2010.Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. Capital One Financial Corp. has a market cap of $19.51 billion; its shares were traded at around $42.76 with a P/E ratio of 14.4 and P/S ratio of 1.2. The dividend yield of Capital One Financial Corp. stocks is 0.4%. Capital One Financial Corp. had an annual average earning growth of 0.4% over the past 10 years.
Reduced: Suntrust Banks Inc. (STI)
David Tepper reduced to his holdings in Suntrust Banks Inc. by 35.69%. His sale prices were between $20.18 and $28.09, with an estimated average price of $24.14. The impact to his portfolio due to this sale was -1.61%. David Tepper still held 5,492,937 shares as of 03/31/2010.SunTrust Banks, Inc. is a commercial banking organization. Suntrust Banks Inc. has a market cap of $14.97 billion; its shares were traded at around $29.82 with and P/S ratio of 1.5. The dividend yield of Suntrust Banks Inc. stocks is 0.1%.
Reduced: Fifth Third Bancorp (FITB)
David Tepper reduced to his holdings in Fifth Third Bancorp by 30.2%. His sale prices were between $9.75 and $13.7, with an estimated average price of $12.15. The impact to his portfolio due to this sale was -2.14%. David Tepper still held 17,009,383 shares as of 03/31/2010.Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. Fifth Third Bancorp has a market cap of $11.19 billion; its shares were traded at around $14.08 with and P/S ratio of 1.1. The dividend yield of Fifth Third Bancorp stocks is 0.3%.
Reduced: Citigroup Inc. (C, Financial)
David Tepper reduced to his holdings in Citigroup Inc. by 54.83%. His sale prices were between $3.15 and $4.31, with an estimated average price of $3.56. The impact to his portfolio due to this sale was -4.25%. David Tepper still held 62,391,781 shares as of 03/31/2010.Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $113.34 billion; its shares were traded at around $3.98 with and P/S ratio of 1.3.
Sold Out: Rite Aid Corp. (RAD)
David Tepper sold out his holdings in Rite Aid Corp.. His sale prices were between $1.29 and $1.74, with an estimated average price of $1.5.Rite Aid Corporation is a retail drugstore chain in the United States serving customers in numerous states across the country and in the District of Columbia. Rite Aid Corp. has a market cap of $1.12 billion; its shares were traded at around $1.26 .
Sold Out: Hospitality Properties Trust (HPT)
David Tepper sold out his holdings in Hospitality Properties Trust. His sale prices were between $21.33 and $25.04, with an estimated average price of $23.08.Hospitality Properties Trust is a real estate investment trust. Hospitality Properties Trust has a market cap of $3.07 billion; its shares were traded at around $24.87 with and P/S ratio of 3. The dividend yield of Hospitality Properties Trust stocks is 7.3%. Hospitality Properties Trust had an annual average earning growth of 2.2% over the past 10 years.
