Daivd Tepper is probably the best performing hedge fund manager of the last decade. His timing has been perfect. He bet the farm into financial stocks in 2009 as they were beaten down, and made multiple billions almost every year since. But now he is selling out a lot of positions. Does he see something that others don’t?
David Tepper (Trades, Portfolio) buys only one small position during the fourth quarter, which is the beaten down American Realty Capital Properties Inc. He sold almost everything else, including Citigroup Inc, Halliburton Co, Mohawk Industries Inc, Facebook Inc, SPDR S&P 500 ETF, CBS Corp, Delta Air Lines Inc, Apple Inc, Ford Motor Co, American Airlines Group Inc, Google Inc, etc during the 3-months ended 12/31/2014, according to the most recent filings of his investment company, Appaloosa Management LP.
As of 12/31/2014, Appaloosa Management LP owns 28 stocks with a total value of $4 billion. These are the details of the buys and sells.
- New Purchases: ARCP,
- Reduced Positions: SPY, DAL, AAL, GOOG, WHR, GOOGL, HUN, MAS, GT, HCA, LO, CBI, OC, NXPI, KBR, TGI, AXLL,
- Sold Out: C, HAL, MHK, FB, CBS, AAPL, F, BRCM, BABA, SLB, MGM, WFT, SHPG, DIS,
For the details of David Tepper (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=David+Tepper
These are the top 5 holdings of David Tepper (Trades, Portfolio)
1. General Motors Co (GM) - 14,678,800 shares, 12.7% of the total portfolio. Shares reduced by 1.24%
2. HCA Holdings Inc (HCA) - 5,010,582 shares, 9.1% of the total portfolio. Shares reduced by 5.94%
3. Priceline Group Inc (PCLN) - 316,874 shares, 8.9% of the total portfolio. Shares reduced by 13.56%
4. Whirlpool Corp (WHR) - 1,698,595 shares, 8.1% of the total portfolio. Shares reduced by 15.07%
5. United Continental Holdings Inc (UAL) - 4,919,067 shares, 8.1% of the total portfolio. Shares reduced by 0.76%
New Purchase: American Realty Capital Properties Inc (ARCP, Financial)
David Tepper (Trades, Portfolio) initiated holdings in American Realty Capital Properties Inc. His purchase prices were between $7.7 and $12.48, with an estimated average price of $9.78. The impact to his portfolio due to this purchase was 0.65%. His holdings were 2,927,632 shares as of 12/31/2014.
Sold Out: Citigroup Inc (C)
David Tepper (Trades, Portfolio) sold out his holdings in Citigroup Inc. His sale prices were between $49.68 and $56.37, with an estimated average price of $53.1.
Sold Out: Halliburton Co (HAL)
David Tepper (Trades, Portfolio) sold out his holdings in Halliburton Co. His sale prices were between $37.82 and $61.86, with an estimated average price of $48.49.
Sold Out: Mohawk Industries Inc (MHK)
David Tepper (Trades, Portfolio) sold out his holdings in Mohawk Industries Inc. His sale prices were between $124.82 and $157.6, with an estimated average price of $143.75.
Sold Out: Facebook Inc (FB)
David Tepper (Trades, Portfolio) sold out his holdings in Facebook Inc. His sale prices were between $72.63 and $81.45, with an estimated average price of $76.44.
Sold Out: CBS Corp (CBS)
David Tepper (Trades, Portfolio) sold out his holdings in CBS Corp. His sale prices were between $48.91 and $56.45, with an estimated average price of $53.22.
Sold Out: Apple Inc (AAPL)
David Tepper (Trades, Portfolio) sold out his holdings in Apple Inc. His sale prices were between $96.26 and $119, with an estimated average price of $108.95.
Sold Out: Ford Motor Co (F)
David Tepper (Trades, Portfolio) sold out his holdings in Ford Motor Co. His sale prices were between $13.54 and $16.01, with an estimated average price of $14.74.
Sold Out: Broadcom Corp (BRCM)
David Tepper (Trades, Portfolio) sold out his holdings in Broadcom Corp. His sale prices were between $35.31 and $43.9, with an estimated average price of $40.94.
Sold Out: Alibaba Group Holding Ltd (BABA)
David Tepper (Trades, Portfolio) sold out his holdings in Alibaba Group Holding Ltd. His sale prices were between $84.95 and $119.15, with an estimated average price of $102.95.
Sold Out: Schlumberger NV (SLB)
David Tepper (Trades, Portfolio) sold out his holdings in Schlumberger NV. His sale prices were between $79.9 and $98.73, with an estimated average price of $91.89.
Sold Out: MGM Resorts International (MGM)
David Tepper (Trades, Portfolio) sold out his holdings in MGM Resorts International. His sale prices were between $18.01 and $23.02, with an estimated average price of $21.7.
Sold Out: Weatherford International PLC (WFT)
David Tepper (Trades, Portfolio) sold out his holdings in Weatherford International PLC. His sale prices were between $10.32 and $19.98, with an estimated average price of $14.93.
Sold Out: Shire PLC (SHPG)
David Tepper (Trades, Portfolio) sold out his holdings in Shire PLC. His sale prices were between $170.49 and $262.71, with an estimated average price of $211.58.
Sold Out: Walt Disney Co (DIS)
David Tepper (Trades, Portfolio) sold out his holdings in Walt Disney Co. His sale prices were between $81.74 and $95.5, with an estimated average price of $90.11.
Reduced: (SPY, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in by 98.27%. His sale prices were between $186.27 and $208.72, with an estimated average price of $197.8. The impact to his portfolio due to this sale was -3.73%. David Tepper (Trades, Portfolio) still held 22,854 shares as of 12/31/2014.
Reduced: Delta Air Lines Inc (DAL, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in Delta Air Lines Inc by 56.94%. His sale prices were between $30.9 and $49.23, with an estimated average price of $42.12. The impact to his portfolio due to this sale was -2.28%. David Tepper (Trades, Portfolio) still held 3,221,474 shares as of 12/31/2014.
Reduced: American Airlines Group Inc (AAL, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in American Airlines Group Inc by 40.23%. His sale prices were between $28.58 and $53.42, with an estimated average price of $43.07. The impact to his portfolio due to this sale was -1.53%. David Tepper (Trades, Portfolio) still held 4,355,050 shares as of 12/31/2014.
Reduced: Google Inc (GOOG, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in Google Inc by 21.53%. His sale prices were between $495.39 and $577.35, with an estimated average price of $537.83. The impact to his portfolio due to this sale was -1.16%. David Tepper (Trades, Portfolio) still held 499,887 shares as of 12/31/2014.
Reduced: Whirlpool Corp (WHR, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in Whirlpool Corp by 15.07%. His sale prices were between $140.42 and $193.66, with an estimated average price of $171.86. The impact to his portfolio due to this sale was -0.65%. David Tepper (Trades, Portfolio) still held 1,698,595 shares as of 12/31/2014.
Reduced: Google Inc (GOOGL, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in Google Inc by 16.41%. His sale prices were between $498.16 and $587.78, with an estimated average price of $546.03. The impact to his portfolio due to this sale was -0.62%. David Tepper (Trades, Portfolio) still held 369,687 shares as of 12/31/2014.
Reduced: Huntsman Corp (HUN, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in Huntsman Corp by 16.42%. His sale prices were between $21.26 and $26.67, with an estimated average price of $24.26. The impact to his portfolio due to this sale was -0.46%. David Tepper (Trades, Portfolio) still held 6,114,274 shares as of 12/31/2014.
Reduced: Masco Corp (MAS, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in Masco Corp by 20.61%. His sale prices were between $20.86 and $25.4, with an estimated average price of $23.49. The impact to his portfolio due to this sale was -0.41%. David Tepper (Trades, Portfolio) still held 4,600,409 shares as of 12/31/2014.
Reduced: Goodyear Tire & Rubber Co (GT, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in Goodyear Tire & Rubber Co by 9.24%. His sale prices were between $19.63 and $28.66, with an estimated average price of $24.7. The impact to his portfolio due to this sale was -0.35%. David Tepper (Trades, Portfolio) still held 10,238,716 shares as of 12/31/2014.
Reduced: HCA Holdings Inc (HCA, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in HCA Holdings Inc by 5.94%. His sale prices were between $62.94 and $75, with an estimated average price of $70.27. The impact to his portfolio due to this sale was -0.33%. David Tepper (Trades, Portfolio) still held 5,010,582 shares as of 12/31/2014.
Reduced: Lorillard Inc (LO, Financial)
David Tepper (Trades, Portfolio) reduced to his holdings in Lorillard Inc by 24.22%. His sale prices were between $58 and $64.06, with an estimated average price of $61.88. The impact to his portfolio due to this sale was -0.31%. David Tepper (Trades, Portfolio) still held 1,076,900 shares as of 12/31/2014.
Reduced: Chicago Bridge & Iron Company (CBI)
David Tepper (Trades, Portfolio) reduced to his holdings in Chicago Bridge & Iron Company by 18.31%. His sale prices were between $37.78 and $57.09, with an estimated average price of $49.21. The impact to his portfolio due to this sale was -0.26%. David Tepper (Trades, Portfolio) still held 1,347,598 shares as of 12/31/2014.
Reduced: Owens-Corning Inc (OC)
David Tepper (Trades, Portfolio) reduced to his holdings in Owens-Corning Inc by 13.72%. His sale prices were between $29 and $36.8, with an estimated average price of $33.25. The impact to his portfolio due to this sale was -0.21%. David Tepper (Trades, Portfolio) still held 2,834,260 shares as of 12/31/2014.
Reduced: NXP Semiconductors NV (NXPI)
David Tepper (Trades, Portfolio) reduced to his holdings in NXP Semiconductors NV by 7.03%. His sale prices were between $53.9 and $77.85, with an estimated average price of $70.69. The impact to his portfolio due to this sale was -0.18%. David Tepper (Trades, Portfolio) still held 2,352,752 shares as of 12/31/2014.
Reduced: Triumph Group Inc (TGI)
David Tepper (Trades, Portfolio) reduced to his holdings in Triumph Group Inc by 18.4%. His sale prices were between $59.81 and $69.14, with an estimated average price of $65.68. The impact to his portfolio due to this sale was -0.16%. David Tepper (Trades, Portfolio) still held 759,625 shares as of 12/31/2014.
Reduced: KBR Inc (KBR)
David Tepper (Trades, Portfolio) reduced to his holdings in KBR Inc by 21.82%. His sale prices were between $15.23 and $19.86, with an estimated average price of $17.92. The impact to his portfolio due to this sale was -0.16%. David Tepper (Trades, Portfolio) still held 2,042,473 shares as of 12/31/2014.
Reduced: Axiall Corp (AXLL)
David Tepper (Trades, Portfolio) reduced to his holdings in Axiall Corp by 19.97%. His sale prices were between $34.81 and $45.52, with an estimated average price of $40.75. The impact to his portfolio due to this sale was -0.15%. David Tepper (Trades, Portfolio) still held 1,135,088 shares as of 12/31/2014.
Here is the complete portfolio of David Tepper. Also check out:
1. David Tepper's Undervalued Stocks
2. David Tepper's Top Growth Companies, and
3. David Tepper's High Yield stocks
4. Stocks that David Tepper keeps buying
