Insights from David Tepper (Trades, Portfolio)'s Fourth Quarter 2024 13F Filing

• Warning! GuruFocus has detected 7 Warning Signs with BABA.

David Tepper (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. David Alan Tepper is the founder of Appaloosa Management, a hedge fund investment firm based in Miami Beach, Florida. Tepper initially became interested in the stock market as a young boy watching his father trade stocks in his hometown of Pittsburgh. Today, as President and Founder of Appaloosa Management, Tepper has earned an international reputation for producing some of the highest returns amongst fund managers on Wall Street. He earned a Master of Science in Industrial Administration from Carnegie Mellon in 1982. Appaloosa invests in public equity and fixed income markets around the world. It specializes in distressed debt investing, a strategy which includes the equities and debt of distressed companies, bonds, exchange warrants, options, futures, notes, and junk bonds.

Summary of New Buy

David Tepper (Trades, Portfolio) added a total of 1 stock, among them:

• The most significant addition was Corning Inc (NYSE:GLW), with 1,500,000 shares, accounting for 1.1% of the portfolio and a total value of $71.28 million.

Key Position Increases

David Tepper (Trades, Portfolio) also increased stakes in a total of 17 stocks, among them:

• The most notable increase was Vistra Corp (NYSE:VST), with an additional 1,429,612 shares, bringing the total to 2,700,000 shares. This adjustment represents a significant 112.53% increase in share count, a 3.05% impact on the current portfolio, and a total value of $372,249,000.
• The second largest increase was Alibaba Group Holding Ltd (NYSE:BABA), with an additional 1,843,158 shares, bringing the total to 11,843,158. This adjustment represents a significant 18.43% increase in share count, with a total value of $1,004,181,370.

Summary of Sold Out

David Tepper (Trades, Portfolio) completely exited 2 holdings in the fourth quarter of 2024, as detailed below:

• Adobe Inc (NASDAQ:ADBE): David Tepper (Trades, Portfolio) sold all 200,000 shares, resulting in a -1.54% impact on the portfolio.
• Southwestern Energy Co (SWN): David Tepper (Trades, Portfolio) liquidated all 4,180,000 shares, causing a -0.44% impact on the portfolio.

Key Position Reduces

David Tepper (Trades, Portfolio) also reduced positions in 12 stocks. The most significant changes include:

• Reduced Amazon.com Inc (NASDAQ:AMZN) by 600,000 shares, resulting in an -18.75% decrease in shares and a -1.66% impact on the portfolio. The stock traded at an average price of $204.89 during the quarter and has returned 12.00% over the past 3 months and 6.27% year-to-date.
• Reduced Meta Platforms Inc (NASDAQ:META) by 135,000 shares, resulting in a -21.6% reduction in shares and a -1.15% impact on the portfolio. The stock traded at an average price of $587.14 during the quarter and has returned 21.64% over the past 3 months and 22.34% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, David Tepper (Trades, Portfolio)'s portfolio included 37 stocks. The top holdings included 15.54% in Alibaba Group Holding Ltd (NYSE:BABA), 8.82% in Amazon.com Inc (NASDAQ:AMZN), 8.04% in PDD Holdings Inc (NASDAQ:PDD), 6.33% in Microsoft Corp (NASDAQ:MSFT), and 5.76% in Vistra Corp (NYSE:VST).

The holdings are mainly concentrated in 8 of the 11 industries: Consumer Cyclical, Technology, Communication Services, Utilities, Energy, Industrials, Healthcare, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.