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Appaloosa Management is an American hedge fund founded in 1993 by David Tepper and Jack Walton specializing in distressed debt. [4] Appaloosa Management invests in public equity and fixed income markets around the world.
Heatmaps of the top 13f holdings and a list of the largest trades made by Appaloosa, the hedge fund managed by David Tepper.
Detailed Profile of APPALOOSA LP portfolio of holdings. SEC Filings include 13F quarterly reports, 13D/G events and more.
5 days ago · David Tepper, arguably the greatest hedge fund manager of his generation, founded Appaloosa Management in 1993. Tepper has been returning client assets over the last decade, and...
- President And Founder
- Overview
- Big Purchases Across Tech and Semiconductors
- Appaloosa Tweaked Many Positions
- Tepper Exits ETFs, Positions in Disney, Tesla, and More
David Tepper's Appaloosa Management made a host of major tech-stock purchases in the second quarter, ballooning the hedge fund's holdings to $5.4 billion from $1.9 billion, according to a recent 13F filing.
Appaloosa Management nearly tripled its stockholdings to $5.4 billion in the second quarter.
David Tepper's hedge fund made sweeping purchases across the tech and semiconductor sectors, with a particular focus on companies based in China.
All told, Appaloosa Management entered nearly 20 new positions last quarter.
Tepper also boosted his existing positions in Alibaba, Amazon, Meta Platforms, Microsoft, and more.
The hedge fund trimmed positions in a number of energy companies, and exited positions in Tesla, Disney, Salesforce, HCA Healthcare, among others.
Among the fund's largest purchases in the three months ended June of this year were 2.3 million shares of Advanced Micro Devices Inc. (
) valued at about $263 million, about 6.8 million shares of Intel Corp. (
) valued at $226.6 million, and 480,000 shares of
) worth more than $93 million.
Tepper bought into positions of many leading semiconductor makers as well. The fund purchased almost 1.9 million shares of
) valued at $220 million, about 1.8 million shares of Taiwan Semiconductor Manufacturing Co. Ltd. (
Appaloosa also made many additions to existing stakes last quarter. The company bought about 2.2 million shares of Alibaba Group Holding Ltd. (
), bringing its total to 4.8 million shares worth almost $373 million. It also added roughly 1.2 million shares of Amazon.com Inc. (
) for a new total of over $412 million.
more than doubled its position in Meta Platforms Inc. (
), adding more than 800,000 shares. It purchase roughly 1 million additional shares of Microsoft Corp. (
), about 900,000 shares of NVIDIA Corp. (
During the second quarter, Appaloosa exited its $31-million position in Tesla Inc. (
), its $30-million stake in Walt Disney Co. (
), and its $58-million Salesforce Inc. (
) holdings. It also exited positions in HCA Healthcare (
), and Sysco Corp. (
In addition, Tepper exited positions in ETFs from ARK Invest and ALPS.
Feb 8, 2023 · David Tepper is co-founder of Appaloosa Management L.P. and a successful hedge fund manager. He is known as a specialist in distressed debt.
David Alan Tepper (born September 11, 1957) is an American billionaire hedge fund manager. He is the owner of the Carolina Panthers of the National Football League (NFL) and Charlotte FC in Major League Soccer (MLS). Tepper is the founder and president of Appaloosa Management, a global hedge fund based in Miami Beach, Florida.
