Appaloosa

Q4 2022 13F · by David Tepper, portfolio manager

As of: Dec 31, 2022
Filed: Feb 14, 2023
US stock: $1.3B · prev $1.4B
Positions: 24 · prev 22
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%

Moves19 since the prior filing

+4.5 pp in · −4.8 pp out

New 3 +3.59 pp
Added 7 +0.90 pp
Trimmed 8 −4.39 pp
Exited 1 −0.44 pp

The book

Concentrated · behaves like 12 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 29% a year, about 3.5 years per position

Low
Moderate
High

Top 5 positions56% of US stock

CEG Constellation Energy Corporation trimmed−0.74 pp trimmed−0.7415.3%
GOOG Alphabet Inc. Class C held held13.1%
AMZN Amazon.Com Inc added−2.69 pp added−2.699.3%
M Macy's Inc. trimmed+2.20 pp trimmed+2.209.1%
ET Energy Transfer LP held held9.0%

Positions24 in this filing · 1 exited


CEGConstellation Energy Corporation	15.34%	2,398,729	$207M	trimmed−9%	−0.74 pp	3 q
GOOGAlphabet Inc. Class C	13.13%	1,995,000	$177M	held	—	35 q
AMZNAmazon.Com Inc	9.35%	1,500,000	$126M	added+3%	−2.69 pp	16 q
MMacy's Inc.	9.11%	5,950,000	$123M	trimmed−1%	+2.20 pp	9 q
ETEnergy Transfer LP	8.98%	10,203,430	$121M	held	—	23 q
EQTEqt Corp	6.40%	2,550,000	$86M	added+1%	−1.16 pp	9 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	5.90%	150,000	$80M	held	—	24 q
METAMeta Platforms, Inc. Class A	5.13%	575,000	$69M	trimmed−34%	−3.60 pp	26 q
MSFTMicrosoft Corp	4.18%	235,000	$56M	held	—	12 q
HCAHCA Healthcare, Inc.	3.25%	182,500	$44M	added×2.4	+2.24 pp	3 q
CRMSalesforce, Inc.	2.95%	300,000	$40M	added+58%	+0.94 pp	3 q
ARAntero Resources Corporation	2.87%	1,250,000	$39M	held	—	8 q
UBERUber Technologies, Inc.	2.25%	1,225,000	$30M	added+23%	+0.30 pp	7 q
DISThe Walt Disney Company	1.93%	300,000	$26M	new	+1.93 pp	new
EXEExpand Energy Corporation	1.77%	253,055	$24M	added×2.8	+1.15 pp	8 q
EXEEZChesapeake Energy -CW26	1.46%	250,000	$20M	trimmed−32%	−0.68 pp	8 q
CZRCaesars Entertainment, Inc.	1.31%	425,000	$18M	new	+1.31 pp	new
EPDEnterprise Products Partners L.P.	0.93%	517,980	$12M	trimmed−33%	−0.43 pp	9 q
EXEELChesapeake Energy Corp -CW26	0.86%	150,000	$12M	trimmed−38%	−0.44 pp	8 q
SYYSysco Corporation	0.85%	150,000	$11M	trimmed−25%	−0.19 pp	11 q
BABAAlibaba Group Holding Limited	0.65%	100,000	$9M	added+11%	+0.12 pp	3 q
AMLPAlerian MLP ETF	0.58%	204,000	$8M	trimmed−50%	−0.51 pp	17 q
MPLXMplx LP	0.47%	192,325	$6M	held	—	9 q
9991429DAptiv Irish Holdings Ltd	0.35%	50,000	$5M	new	+0.35 pp	new
MOSThe Mosaic Company	—	−125,000	—	exited	−0.44 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001656456-23-000001
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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