Appaloosa

Q4 2021 13F · by David Tepper, portfolio manager

As of: Dec 31, 2021
Filed: Feb 14, 2022
US stock: $3.9B · prev $4.2B
Positions: 44 · prev 51
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%

Moves38 since the prior filing

+10.6 pp in · −15.3 pp out

New 5 +5.13 pp
Added 5 +5.52 pp
Trimmed 16 −2.28 pp
Exited 12 −12.97 pp

The book

Focused · behaves like 21 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 36% a year, about 2.8 years per position

Low
Moderate
High

Top 5 positions39% of US stock

GOOG Alphabet Inc. Class C trimmed+0.72 pp trimmed+0.7210.1%
META Meta Platforms, Inc. Class A trimmed+0.28 pp trimmed+0.289.5%
M Macy's Inc. added+3.03 pp added+3.036.8%
MU Micron Technology, Inc. held held6.6%
AMZN Amazon.Com Inc held held6.0%

Positions44 in this filing · 12 exited


GOOGAlphabet Inc. Class C	10.05%	135,000	$391M	trimmed−8%	+0.72 pp	31 q
METAMeta Platforms, Inc. Class A	9.52%	1,100,000	$370M	trimmed−4%	+0.28 pp	22 q
MMacy's Inc.	6.80%	10,096,160	$264M	added+44%	+3.03 pp	5 q
MUMicron Technology, Inc.	6.59%	2,750,000	$256M	held	—	21 q
AMZNAmazon.Com Inc	6.00%	70,000	$233M	held	—	12 q
OXYOccidental Petroleum Corporation	4.92%	6,600,000	$191M	trimmed−1%	+0.24 pp	5 q
PCGPG&E Corporation	3.90%	12,500,000	$152M	trimmed−7%	+0.84 pp	17 q
TMUST-Mobile US, Inc.	3.81%	1,275,992	$148M	trimmed−50%	−3.93 pp	17 q
GMGeneral Motors Company	3.39%	2,250,000	$132M	new	+3.39 pp	new
DHID.R. Horton Inc.	3.07%	1,100,000	$119M	trimmed−8%	+0.68 pp	4 q
XLEState Street Energy Select Sector SPDR ETF	3.07%	2,150,000	$119M	trimmed−3%	+0.33 pp	5 q
GTGoodyear Tire & Rubber	2.82%	5,150,000	$110M	trimmed−1%	+0.63 pp	8 q
EQTEqt Corp	2.74%	4,889,853	$107M	added+72%	+1.35 pp	5 q
ETEnergy Transfer LP	2.62%	12,391,098	$102M	added+23%	+0.31 pp	19 q
MSFTMicrosoft Corp	2.57%	297,500	$100M	held	—	8 q
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF	2.47%	1,000,000	$96M	trimmed−1%	+0.14 pp	5 q
MOSThe Mosaic Company	2.43%	2,400,000	$94M	added+1%	+0.41 pp	4 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.31%	179,000	$90M	held	—	20 q
PHMPultegroup, Inc.	2.13%	1,450,000	$83M	trimmed−6%	+0.45 pp	3 q
KSSKohls Corporation	2.10%	1,650,000	$81M	added+10%	+0.42 pp	5 q
FCXFreeport-McMoran Inc.	1.99%	1,850,000	$77M	trimmed−3%	+0.52 pp	5 q
SYYSysco Corporation	1.70%	840,000	$66M	held	—	7 q
KMXCarMax Inc.	1.31%	391,500	$51M	held	—	5 q
ARAntero Resources Corporation	1.28%	2,845,263	$50M	held	—	4 q
ALITAlight, Inc.	1.19%	4,294,795	$46M	trimmed−46%	−1.00 pp	2 q
EPDEnterprise Products Partners L.P.	1.11%	1,961,623	$43M	held	—	5 q
AMLPAlerian MLP ETF	0.97%	1,155,000	$38M	held	—	13 q
JWNNordstrom, Inc.	0.80%	1,369,907	$31M	new	+0.80 pp	new
EXEExpand Energy Corporation	0.66%	400,000	$26M	trimmed−6%	+0.04 pp	4 q
EXEEZChesapeake Energy -CW26	0.64%	694,957	$25M	held	—	4 q
EXEEWChesapeake Energy Corp -CW26	0.62%	600,000	$24M	trimmed−4%	+0.08 pp	4 q
EWYiShares MSCI South Korea ETF	0.60%	298,000	$23M	held	—	5 q
APAAPA Corporation	0.57%	818,000	$22M	held	—	4 q
DKSDick's Sporting Goods, Inc.	0.53%	178,072	$20M	new	+0.53 pp	new
MPLXMplx LP	0.40%	519,706	$15M	held	—	5 q
unresolvedAltimeter Growth Corp 2	0.38%	1,500,000	$15M	held	—	4 q
EXEELChesapeake Energy Corp -CW26	0.32%	386,087	$13M	held	—	4 q
WESWestern Midstream Partners, LP	0.32%	565,117	$13M	held	—	8 q
BFHBread Financial Holdings, Inc.	0.28%	165,117	$11M	trimmed−47%	−0.46 pp	5 q
UBERUber Technologies, Inc.	0.24%	225,000	$9M	trimmed−88%	−1.84 pp	3 q
GAPThe Gap, Inc.	0.22%	494,032	$9M	new	+0.22 pp	new
PG&E Corpconvertible	0.22%	75,000	$9M	held	—	6 q
WOOFoot Locker Inc	0.19%	165,938	$7M	new	+0.19 pp	new
TCVATcv Acquisition Corp-a	0.15%	600,000	$6M	held	—	3 q
HCAHCA Healthcare, Inc.	—	−387,000	—	exited	−2.24 pp	—
BABAAlibaba Group Holding Limited	—	−525,000	—	exited	−1.85 pp	—
TWTRTwitter, Inc.	—	−1,235,000	—	exited	−1.78 pp	—
PSFEPaysafe Limited	—	−8,500,000	—	exited	−1.57 pp	—
QCOMQualcomm Inc	—	−490,000	—	exited	−1.51 pp	—
VVISA Inc.	—	−262,500	—	exited	−1.39 pp	—
MAMastercard Incorporated	—	−132,000	—	exited	−1.09 pp	—
ETWOE2open Parent Holdings, Inc.	—	−2,500,000	—	exited	−0.67 pp	—
WMTWalmart Inc.	—	−100,000	—	exited	−0.33 pp	—
unresolvedThe Beachbody Company Inc	—	−2,000,000	—	exited	−0.26 pp	—
unresolvedDragoneer Growth Oppty Corp	—	−750,000	—	exited	−0.18 pp	—
OVVOvintiv Inc.	—	−125,000	—	exited	−0.10 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001656456-22-000001
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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