Appaloosa

Q3 2021 13F · by David Tepper, portfolio manager

As of: Sep 30, 2021
Filed: Nov 15, 2021
US stock: $4.2B · prev $4.8B
Positions: 51 · prev 54
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves47 since the prior filing

+11.9 pp in · −11.8 pp out

New 3 +2.62 pp
Added 11 +9.30 pp
Trimmed 27 −7.76 pp
Exited 6 −4.08 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 34% a year, about 3.0 years per position

Low
Moderate
High

Top 5 positions36% of US stock

GOOG Alphabet Inc. Class C added+1.76 pp added+1.769.3%
META Meta Platforms, Inc. Class A trimmed+0.57 pp trimmed+0.579.2%
TMUS T-Mobile US, Inc. added+0.19 pp added+0.197.7%
AMZN Amazon.Com Inc trimmed−3.42 pp trimmed−3.425.5%
OXY Occidental Petroleum Corporation added+0.98 pp added+0.984.7%

Positions51 in this filing · 6 exited


GOOGAlphabet Inc. Class C	9.33%	147,000	$392M	added+1%	+1.76 pp	30 q
METAMeta Platforms, Inc. Class A	9.24%	1,142,500	$388M	trimmed−5%	+0.57 pp	21 q
TMUST-Mobile US, Inc.	7.74%	2,545,000	$325M	added+1%	+0.19 pp	16 q
AMZNAmazon.Com Inc	5.48%	70,000	$230M	trimmed−44%	−3.42 pp	11 q
OXYOccidental Petroleum Corporation	4.68%	6,640,000	$196M	added+16%	+0.98 pp	4 q
MUMicron Technology, Inc.	4.65%	2,750,000	$195M	trimmed−51%	−5.29 pp	20 q
MMacy's Inc.	3.77%	7,000,000	$158M	added+94%	+2.35 pp	4 q
PCGPG&E Corporation	3.06%	13,375,000	$128M	trimmed−18%	−0.37 pp	16 q
XLEState Street Energy Select Sector SPDR ETF	2.74%	2,210,000	$115M	trimmed−5%	+0.15 pp	4 q
DHID.R. Horton Inc.	2.39%	1,195,000	$100M	added+4%	+0.25 pp	3 q
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF	2.33%	1,010,000	$98M	added+33%	+0.81 pp	4 q
ETEnergy Transfer LP	2.31%	10,107,410	$97M	trimmed−5%	−0.03 pp	18 q
HCAHCA Healthcare, Inc.	2.24%	387,000	$94M	trimmed−4%	+0.51 pp	7 q
ALITAlight, Inc.	2.19%	8,000,000	$92M	new	+2.19 pp	new
GTGoodyear Tire & Rubber	2.19%	5,200,000	$92M	added+64%	+1.07 pp	7 q
UBERUber Technologies, Inc.	2.08%	1,950,500	$87M	trimmed−4%	−0.03 pp	2 q
MOSThe Mosaic Company	2.02%	2,375,000	$85M	trimmed−4%	+0.39 pp	3 q
MSFTMicrosoft Corp	2.00%	297,500	$84M	trimmed−5%	+0.25 pp	7 q
BABAAlibaba Group Holding Limited	1.85%	525,000	$78M	trimmed−10%	−0.90 pp	9 q
TWTRTwitter, Inc.	1.78%	1,235,000	$75M	trimmed−5%	−0.07 pp	7 q
KSSKohls Corporation	1.68%	1,500,000	$71M	added+23%	+0.29 pp	4 q
PHMPultegroup, Inc.	1.68%	1,540,000	$71M	added+2%	−0.02 pp	2 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.67%	179,000	$70M	trimmed−4%	+0.12 pp	19 q
SYYSysco Corporation	1.57%	840,000	$66M	trimmed−5%	+0.15 pp	6 q
PSFEPaysafe Limited	1.57%	8,500,000	$66M	held	—	3 q
QCOMQualcomm Inc	1.51%	490,000	$63M	trimmed−4%	−0.01 pp	4 q
FCXFreeport-McMoran Inc.	1.47%	1,900,000	$62M	trimmed−5%	−0.07 pp	4 q
EQTEqt Corp	1.39%	2,850,000	$58M	added×2.7	+0.90 pp	4 q
VVISA Inc.	1.39%	262,500	$58M	trimmed−5%	+0.06 pp	6 q
ARAntero Resources Corporation	1.27%	2,845,263	$54M	added+60%	+0.72 pp	3 q
KMXCarMax Inc.	1.19%	391,500	$50M	trimmed−6%	+0.08 pp	4 q
MAMastercard Incorporated	1.09%	132,000	$46M	trimmed−6%	+0.03 pp	6 q
EPDEnterprise Products Partners L.P.	1.01%	1,961,623	$42M	trimmed−5%	−0.02 pp	4 q
AMLPAlerian MLP ETF	0.92%	1,155,000	$38M	trimmed−5%	0.00 pp	12 q
BFHBread Financial Holdings, Inc.	0.74%	309,000	$31M	trimmed−5%	+0.04 pp	4 q
ETWOE2open Parent Holdings, Inc.	0.67%	2,500,000	$28M	held	—	3 q
EXEExpand Energy Corporation	0.62%	424,000	$26M	trimmed−19%	+0.05 pp	3 q
EWYiShares MSCI South Korea ETF	0.57%	298,000	$24M	trimmed−3%	−0.02 pp	4 q
EXEEWChesapeake Energy Corp -CW26	0.54%	625,461	$23M	held	—	3 q
EXEEZChesapeake Energy -CW26	0.53%	694,957	$22M	held	—	3 q
APAAPA Corporation	0.42%	818,000	$18M	trimmed−5%	+0.04 pp	3 q
MPLXMplx LP	0.35%	519,706	$15M	trimmed−5%	+0.01 pp	4 q
unresolvedAltimeter Growth Corp 2	0.35%	1,500,000	$15M	held	—	3 q
WMTWalmart Inc.	0.33%	100,000	$14M	new	+0.33 pp	new
WESWestern Midstream Partners, LP	0.28%	565,117	$12M	trimmed−4%	+0.02 pp	7 q
EXEELChesapeake Energy Corp -CW26	0.27%	386,087	$11M	held	—	3 q
unresolvedThe Beachbody Company Inc	0.26%	2,000,000	$11M	held	—	2 q
unresolvedDragoneer Growth Oppty Corp	0.18%	750,000	$7M	held	—	4 q
PG&E Corpconvertible	0.17%	75,000	$7M	held	—	5 q
TCVATcv Acquisition Corp-a	0.14%	600,000	$6M	held	—	2 q
OVVOvintiv Inc.	0.10%	125,000	$4M	new	+0.10 pp	new
EMREmerson Electric Co.	—	−737,500	—	exited	−1.47 pp	—
PARAParamount Global-class B	—	−1,475,000	—	exited	−1.38 pp	—
NFLXNetFlix Inc	—	−65,500	—	exited	−0.72 pp	—
BPBP p.l.c.	—	−400,000	—	exited	−0.22 pp	—
RDS.ARoyal Dutch Shell PLC	—	−180,000	—	exited	−0.15 pp	—
RDS.BRoyal Dutch Shell PLC	—	−180,000	—	exited	−0.14 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 3 unresolved
Accession: 0001656456-21-000004
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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