Great investors · David Tepper · Q3 2024
What David Tepper bought and sold in Q3 2024
Appaloosa 13F portfolio as of Sep 30, 2024: 38 positions worth $6.7 bn. Largest: BABA, PDD, AMZN, MSFT. Filed with the SEC on Nov 14, 2024.
The 13F is filed by Appaloosa, not by David Tepper personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q3 2024
- IncreasedPDD HoldingsPDD+6.7 pp
- NewVistra OperationsVST+2.2 pp
- IncreasedJD.comJD+1.8 pp
- IncreasedLyftLYFT+1.5 pp
- NewNRG EnergyNRG+1.4 pp
- NewLas Vegas SandsLVS+1.1 pp
- NewWYNN ResortsWYNN+1.1 pp
Sells in Q3 2024
- ReducedMeta PlatformsMETA−2.6 pp
- ReducedMicrosoftMSFT−1.4 pp
- ReducedAdobeADBE−1.2 pp
- Sold outUnited Parcel ServiceUPS−1.2 pp
- ReducedOracleORCL−1.1 pp
- ReducedAlibaba Group HoldingBABA−0.8 pp
- ReducedAmazon.comAMZN−0.8 pp
- ReducedFedExFDX−0.7 pp
- ReducedAdvanced Micro DevicesAMD−0.6 pp
- Sold outBoeingBA−0.6 pp
- ReducediShares China Large-cap ETFFXI−0.5 pp
18 companies with material moves, out of 39 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Appaloosa's Q3 2024 13F lists 38 lines of US-listed securities worth $6.7 bn; the largest is BABA at 15.8% of the portfolio. It was accepted by the SEC on Nov 14, 2024 at 4:00 PM ET.
Against the previous quarter, it opened 4 positions (VST, NRG, LVS and WYNN), closed 3 (UPS, BA and M), added to 4 (PDD, JD, LYFT and BEKE) and trimmed 28 (META, MSFT, ORCL and BABA and 24 more). 2 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding BABA | 10.0 M | $1.1 bn | 15.8% | −4.8% |
| 2 | PDD Holdings PDD | 5.3 M | $715M | 10.6% | +173% |
| 3 | Amazon.com AMZN | 3.2 M | $596M | 8.86% | −7.9% |
| 4 | Microsoft MSFT | 970,000 | $417M | 6.20% | −18% |
| 5 | Meta Platforms META | 625,000 | $358M | 5.31% | −33% |
| 6 | Alphabet GOOG | 1.9 M | $315M | 4.67% | −2.2% |
| 7 | JD.com JD | 7.3 M | $292M | 4.34% | +69% |
| 8 | Oracle ORCL | 1.6 M | $268M | 3.98% | −21% |
| 9 | Lyft LYFT | 15.8 M | $201M | 2.98% | +98% |
| 10 | Advanced Micro Devices AMD | 1.1 M | $186M | 2.77% | −17% |
| 11 | iShares China Large-cap ETF FXI | 5.8 M | $185M | 2.75% | −16% |
| 12 | Vistra Operations VST | 1.3 M | $151M | 2.24% | new |
| 13 | Baidu BIDU | 1.4 M | $150M | 2.23% | −14% |
| 14 | Qualcomm QCOM | 800,000 | $136M | 2.02% | −4.8% |
| 15 | Kranesh CSI China Internet ETF KWEB | 3.8 M | $128M | 1.90% | −16% |
| 16 | Energy Transfer ET | 6.8 M | $110M | 1.63% | −11% |
| 17 | Micron Technology MU | 1.1 M | $109M | 1.62% | −11% |
| 18 | UBER Technologies UBER | 1.4 M | $106M | 1.57% | −6% |
| 19 | Adobe ADBE | 200,000 | $104M | 1.54% | −44% |
| 20 | FedEx FDX | 375,000 | $103M | 1.52% | −32% |
| 21 | UnitedHealth Group UNH | 174,500 | $102M | 1.52% | −5.7% |
| 22 | NRG Energy NRG | 999,820 | $91.1M | 1.35% | new |
| 23 | Caesars Entertainment CZR | 2.2 M | $89.7M | 1.33% | −2.3% |
| 24 | Lam Research LRCX | 100,000 | $81.6M | 1.21% | −8.3% |
| 25 | Las Vegas Sands LVS | 1.5 M | $76.9M | 1.14% | new |
| 26 | WYNN Resorts WYNN | 800,000 | $76.7M | 1.14% | new |
| 27 | NVIDIA NVDA | 625,000 | $75.9M | 1.13% | −9.4% |
| 28 | Taiwan Semiconductor Manufacturing TSM | 400,000 | $69.5M | 1.03% | −13% |
| 29 | EQT EQT | 1.8 M | $65.8M | 0.98% | −5.8% |
| 30 | ASML Holding ASML | 77,500 | $64.6M | 0.96% | −11% |
| 31 | Intel INTC | 2.5 M | $58.7M | 0.87% | −10% |
| 32 | Antero Resources AR | 1.7 M | $50.0M | 0.74% | −5.7% |
| 33 | KE Holdings BEKE | 2.2 M | $43.3M | 0.64% | +4.3% |
| 34 | Southwestern Energy | 4.2 M | $29.7M | 0.44% | −5.9% |
| 35 | MPLX MPLX | 578,500 | $25.7M | 0.38% | −5.4% |
| 36 | Expand Energy EXEEZ | 250,000 | $17.4M | 0.26% | no change |
| 37 | Expand Energy EXE | 165,000 | $13.6M | 0.20% | −12% |
| 38 | Expand Energy EXEEL | 150,000 | $9.9M | 0.15% | no change |
Positions it closed (3)
- United Parcel Service UPSwas 1.34% · 605,000 shares
- Boeing BAwas 0.62% · 210,000 shares
- Macy's Mwas 0.39% · 1.3 M shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Appaloosa's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.