Exploring Tepper's Latest 13F Filing and Investment Adjustments

David Tepper (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, 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.

Warning! GuruFocus has detected 2 Warning Signs with BABA.David Tepper's Strategic Moves: Alibaba Group Holding Ltd Sees a -3.43% Impact

Summary of New Buy

David Tepper (Trades, Portfolio) added a total of 4 stocks, among them:

The most significant addition was Deutsche Bank AG (NYSE:DB), with 3,750,000 shares, accounting for 1.07% of the portfolio and a total value of $89.36 million. The second largest addition to the portfolio was L3Harris Technologies Inc (NYSE:LHX), consisting of 300,000 shares, representing approximately 0.75% of the portfolio, with a total value of $62.79 million. The third largest addition was Broadcom Inc (NASDAQ:AVGO), with 130,000 shares, accounting for 0.26% of the portfolio and a total value of $21.77 million.

Key Position Increases

David Tepper (Trades, Portfolio) also increased stakes in a total of 8 stocks, among them:

The most notable increase was Uber Technologies Inc (NYSE:UBER), with an additional 1,700,000 shares, bringing the total to 3,200,000 shares. This adjustment represents a significant 113.33% increase in share count, a 1.48% impact on the current portfolio, with a total value of $233.15 million. The second largest increase was Meta Platforms Inc (NASDAQ:META), with an additional 60,000 shares, bringing the total to 550,000. This adjustment represents a significant 12.24% increase in share count, with a total value of $316.99 million.

Summary of Sold Out

David Tepper (Trades, Portfolio) completely exited 6 of the holdings in the first quarter of 2025, as detailed below:

Advanced Micro Devices Inc (NASDAQ:AMD): David Tepper (Trades, Portfolio) sold all 1,200,000 shares, resulting in a -2.24% impact on the portfolio. FedEx Corp (NYSE:FDX): David Tepper (Trades, Portfolio) liquidated all 350,000 shares, causing a -1.52% impact on the portfolio.

Story Continues

Key Position Reduces

David Tepper (Trades, Portfolio) also reduced positions in 21 stocks. The most significant changes include:

Reduced Alibaba Group Holding Ltd (NYSE:BABA) by 2,613,158 shares, resulting in a -22.06% decrease in shares and a -3.43% impact on the portfolio. The stock traded at an average price of $115.31 during the quarter and has returned -0.67% over the past 3 months and 46.13% year-to-date. Reduced Microsoft Corp (NASDAQ:MSFT) by 460,000 shares, resulting in a -47.42% reduction in shares and a -3% impact on the portfolio. The stock traded at an average price of $407.71 during the quarter and has returned 11.37% over the past 3 months and 7.92% year-to-date.

Portfolio Overview

At the first quarter of 2025, David Tepper (Trades, Portfolio)'s portfolio included 38 stocks, with top holdings including 14.56% in Alibaba Group Holding Ltd (NYSE:BABA), 6.17% in PDD Holdings Inc (NASDAQ:PDD), 5.7% in Amazon.com Inc (NASDAQ:AMZN), 3.95% in JD.com Inc (NASDAQ:JD), and 3.78% in Meta Platforms Inc (NASDAQ:META).David Tepper's Strategic Moves: Alibaba Group Holding Ltd Sees a -3.43% Impact

The holdings are mainly concentrated in 9 of all the 11 industries: Consumer Cyclical, Technology, Communication Services, Utilities, Energy, Healthcare, Financial Services, Industrials, and Real Estate.David Tepper's Strategic Moves: Alibaba Group Holding Ltd Sees a -3.43% Impact

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.

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