David Tepper (Appaloosa LP)

Re: David Tepper

Postby winston » Fri May 20, 2016 6:07 pm

The Smart Money: David Tepper

Source: SilverIsdead Via Flickr
Plays to Focus On: Facebook, Kinder Morgan, Energy Transfer Partners, Williams Partners, Alerian MLP ETF

Distressed debt specialist David Tepper has been one of the most successful investors in the business over the past decade. He made out like a bandit in 2009 by buying distressed financial stocks, and he’s been on a roll ever since.

Tepper also extended his big, fat, billionaire middle finger to the state of New Jersey earlier this year by relocating to no-income-tax Florida as a resident. Atta boy, David!

At any rate, Tepper had a busy quarter, starting with a major new purchase of Facebook (FB) stock. A glitzy growth name like Facebook would seem a little out of character for Tepper, but I can understand his reasoning. In a world where growth is scarce, fast-growing Facebook is a rarity.

Perhaps the biggest news is Tepper’s activity in the MLP space. He made a splash in the fourth quarter of last year by buying shares of beaten-down pipeline operators Kinder Morgan (KMI), Energy Transfer Partners (ETP) and Williams Partners (WPZ). He also initiated a small position in the Alerian MLP ETF (AMLP).

Well, Tepper apparently lost enthusiasm for Kinder Morgan in the first quarter, selling a little over half his position. But he massively backed up the truck and loaded up ETP, WPZ amd AMLP. He increased his position in Energy Transfer Partners by a whopping 214%, and ETP is now his largest stock position, making up over 9% of his portfolio. He upped his positions in Williams Partners and the Alerian MLP ETF by 458% and 134%, respectively.

Between ETP, WPZ, AMLP and KMI, midstream pipeline stocks now make up a combined 18% of his portfolio.

Source: Investor Place
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Re: David Tepper

Postby winston » Sat Aug 13, 2016 6:54 pm

David Tepper Appaloosa sold off Facebook, Bank of America, Valeant holdings during latest quarter

By TOMI KILGORE

Famed billionaire investor David Tepper's Appaloosa LP hedge fund reduced its exposure to stocks by one third in the latest quarter, to $3.80 billion as of June 30 from $5.66 billion on March 31, according to regulatory filings filed late Friday.

During the second quarter, the stakes of companies he sold off entirely included the 1.6 million shares of Facebook Inc. FB, -0.02% the 7.0 million shares of Bank of America Corp. BAC, +0.20% the 2.5 million shares of Pfizer Inc. PFE, -0.48% the 945,000 shares of Valeant Pharmaceuticals International Inc. VRX, +1.76% the 8.6 million shares of Delta Air Lines Inc. DAL, -0.95% and the 1.3 million shares of Cabot Oil & Gas Corp. COG, +2.12% that he owned as of March 31.

The S&P 500 index SPX, -0.08% rose 1.9% during the second quarter, and has gained 4.1% since then.

Source: Market Watch

http://www.marketwatch.com/story/david- ... yptr=yahoo
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Re: David Tepper (Appaloosa LP)

Postby winston » Wed Oct 19, 2016 8:00 am

Hedge fund billionaire: I'm pretty cautious on the stock market right now

Source: Daily Crux

http://thecrux.com/hedge-fund-billionai ... right-now/
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Re: David Tepper (Appaloosa LP)

Postby winston » Fri Sep 01, 2017 12:56 pm

This investing legend just doubled down on tech stocks

by Nick Rokke

“Because world growth will continue to be good, earnings will be better and stocks are relatively cheap to interest rates,” Tepper told CNBC on August 15.

One metric Tepper uses to value stocks is the forward price-to-earnings (P/E) ratio.

Today, the S&P 500 trades at a forward P/E ratio of 17.4.

That isn’t even close to 1999—when internet stocks created the largest stock bubble in U.S. history. The forward P/E ratio then was 27.1—which is 56% higher than today.

“Look at where multiples and rates were in 1999. I’m not saying stocks are screaming cheap, but you’re nowhere near an overheated market,” Tepper said.


He added about 20% to his positions in tech titans Google and Facebook. And he initiated a new position in Alibaba (China’s version of Amazon)—which went from nothing to his third-biggest position this past quarter.

Here’s why he likes these three companies: “The multiples are still low. They just look cheaper than any other part of the market even though they moved.”


Source: Palm Beach Daily

http://thecrux.com/this-investing-legen ... ch-stocks/
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Re: David Tepper (Appaloosa LP)

Postby behappyalways » Fri Dec 23, 2022 10:55 am

Billionaire investor David Tepper is shorting the stock market heading into 2023 for one big, obvious reason: The Fed
https://markets.businessinsider.com/new ... es-2022-12
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