Equal-WT
WhaleScore 2.0
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APPALOOSA LP
SHORT HILLS NJ
Hedge Fund
Investment Advisor
Billionaires Group
Appaloosa Management is one of the most successful hedge funds and is managed by David Tepper. Although many of Appaloosa's investments such as distressed debt and other fixed income are not disclosed via 13F filings, the fund's equity portfolio has proven to be a source of excellent returns. Tepper is opportunistic in his equity investing and often takes a contrarian view.Whalewisdom has at least 100 13F filings, 4 13D filings, and 8 13G filings Their last reported 13F filing for Q3 2024 included $6,731,933,575 in managed 13F securities
and a top 10 holdings concentration of 65.49%. Appaloosa's largest holding is Alibaba Group Holding Ltd with shares held of 10,000,000.
Investment Strategy
Appaloosa utilizes a variety of methods and strategies, primarily relying on fundamental research to make investment decisions. Their investment strategies involve purchasing and selling high-yield bonds, bank loans to highly-leveraged companies, sovereign debt, and other debt and equity securities, including those of financially-distressed companies and SPACs.
The goal of these strategies is to achieve annual returns significantly exceeding those derived from buy-and-hold strategies for investment-grade fixed-income, high-yield debt, and equity securities. However, these strategies and investments carry a risk of loss to investors, and investors must be prepared to potentially lose their entire investment.
Owners
- TEPPER, DAVID, ALAN - PRESIDENT OF THE GENERAL PARTNER
- BOLIN, JAMES, EDWARD - VICE PRESIDENT OF THE GENERAL PARTNER
- PALMER, MICHAEL, LOUIS - TREASURER OF THE GENERAL PARTNER; CHIEF FINANCIAL OFFICER
- APPALOOSA CAPITAL INC. - GENERAL PARTNER
- BERSH, DAVID, ANDREW - CHIEF COMPLIANCE OFFICER; GENERAL COUNSEL; SECRETARY OF THE GENERAL PARTNER Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
(Subscription Required)
2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| PDD PDD Holdings Inc | 6.44% |
| JD JD.com Inc | 2.53% |
| VST Vistra Corp | 2.24% |
| NRG NRG Energy Inc | 1.35% |
| LYFT Lyft Inc | 1.17% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| MSFT Microsoft Corporatio | 2.35% |
| META Meta Platforms Inc | 2.32% |
| AMZN Amazon.com Inc | 2.02% |
| ADBE Adobe Inc. | 1.7% |
| UPS United Parcel Servic | 1.34% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| BABA Alibaba Group Holdin | 15.76% |
| PDD PDD Holdings Inc | 10.62% |
| AMZN Amazon.com Inc | 8.86% |
| MSFT Microsoft Corporatio | 6.2% |
| META Meta Platforms Inc | 5.31% |
2024-09-30
13F Activity
| Market Value | $6.73b, Prior: $6.18b |
| Inflows (Outflows) as % of Total MV | +0.5353% |
| New Purchases | 4 stocks |
| Added To | 4 stocks |
| Sold out of | 3 stocks |
| Reduced holdings in | 28 stocks |
| Top 10 Holdings % | 65.49% |
| Turnover %[1] | 17.07% |
| Turnover Alt %[2] | 13.58% |
| Time Held Top 20 | 9.25 quarters |
| Time Held Top 10 | 11.3 quarters |
| Time Held All | 9.82 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30