InvestIdeas

David Tepper Has a Large Cash Position, Update on Appaloosa's Q2 Holdings

Yesterday, an article in Institutonal Investor mentioned that David Tepper, founder of $15 billion hedge fund Appaloosa Management, was 30-40% in cash and "remains cautious" during the European bank crisis.

"Sources say he has gone 30 percent to 40 percent in cash, which is very high for him. Some of his cash is invested in U.S. Treasuries, which have in turn risen in value in recent weeks." (continue reading)

This doesn't surprise me. On 6/13/2011 he told CNBC:

"Basically Bernanke said no QE3. If SPX is down a couple hundred points and financial conditions tightened maybe they would reconsider.

There is no logic to QE3 now and the only result might be more food and energy inflation. We're in a difficult investing environment."

http://www.distressedvolatility.com/201 ... ition.html?

Tepper In Full On Shrinkage: Reduces 95% Of Stock Portfolio, Dumps Bank of America, Wells, Yahoo
by Tyler Durden

While the kindly and crony old Octogenarian Octopus of Omaha was telling everyone about how bullish he is on America, other, more capable traders were dumping everything and retracing assorted balls which are no longer to be found anywhere near walls.

Case in point is David Tepper's Appaloosa, which of the 63 positions tracked by us, sold are all part of his holdings in 59 of the total, or 95% of total.

Among these were full liquidations in Bank of America, Wells Fargo, Fifth Third, as well as Yahoo, Pfizer, Walter Energy, Metlife, Merck, Medtronic, Marathon Oil, Manitowoc, Frontier Oil, DR Horton, Alpha, ConWay and Cliffs Natural.

Looks like Tepper is no longer betting that EVERYTHING will benefit on another global rescue by the Fed.

And yes, for the record, he did establish new positions in BP, Dana, Calumet and Holly Frontier, which also happened to be the only positions he added to!

http://www.zerohedge.com/news/tepper-fu ... ells-yahoo?

Billionaire manager Tepper: "I am definitely bullish"

David Tepper, the billionaire who runs hedge-fund firm Appaloosa Management LP, said he remains optimistic about markets as the U.S. budget deficit eases.

"I am definitely bullish," Tepper said today in an interview on CNBC. "The budget deficit is shrinking massively. Guys who are short, they better have a shovel to get out of the grave."

Tepper, whose firm manages $17.9 billion, said the U.S. deficit had shrunk because of tax increases, budget cuts and economic growth.

He said the markets shouldn't worry about the Federal Reserve reducing its stimulus and that there is $400 billion in cash in the economy that could help the stock market increase further.


Source: Bloomberg

Do You Exhibit Shark Behavior Like David Tepper?

By Robert Williams

Source: Wall Street Daily

http://www.thetradingreport.com/2014/04 ... id-tepper/

David Tepper: I'm nervous about the market
http://finance.fortune.cnn.com/2014/05/ ... ?iid=HP_LN

David Tepper “called” this big rally in stocks. You don’t want to miss what he’s saying now.

David Tepper, founder of $20 billion hedge-fund firm Appaloosa Management LP, said he’s nervous about markets as the U.S. economy isn’t growing fast enough amid complacency by the Federal Reserve.

Source: Bloomberg

http://thecrux.com/david-tepper-called- ... aying-now/

Still Bullish On Stocks

Hedge-fund billionaire David Tepper – best known for his bullish "Don't fight the Fed" call on stocks in 2010 – is still bullish.

Back then, Tepper famously said, "What, I'm going to say, 'No Fed, I disagree with you, I don't want to be long equities?'"

This week, he noted that it's not just the Federal Reserve easing now. The central banks in Europe and Japan have since joined the Federal Reserve with their own easing programs, and – as we've been reporting – China could soon join the party.

Said Tepper, "If it's hard to fight the Fed, it's even more difficult to fight four Feds."

Tepper thinks China's quantitative easing could set off a big rally in commodities, too. "You've got to think about what that's going to do to things you own," he said.

He is also still bullish on U.S. stocks.

"Something has to give in stocks," he noted.

"Either stocks have to go up a hell of a lot, or Treasurys are going to go down a hell of a lot."

Source: Growth Stock Wire

If This Billionaire Pulls His Money Out Of The Market, What Hope Do We Have?

By Linette Lopez

Source: Business Insider

http://www.thetradingreport.com/2015/09 ... o-we-have/

avid Tepper's Appaloosa slashes stakes in Apple and Google, and sells off Alibaba and Bank of America

By Tomi Kilgore

Tepper's Appaloosa Sells Alibaba, Bank of America Stakes The Wall Street Journal
SunEdison Gains 7% on Rumors of David Tepper's Stake Buy Zacks

The value of equity holdings at Appaloosa Management LP declined 29% during the third quarter, as the hedge fund of famed billionaire investor David Tepper slashed its stakes in tech giants Apple Inc. and Google Inc. nearly in half, while dumping all of its Alibaba Group Holding shares, the latest regulatory filings show.

Appaloosa's equity holdings were valued at $2.86 billion as of Sept. 30, down from $4.04 billion at the end of June.

During that time, the fund cut its stake in Apple to 1.31 million shares from 2.52 million shares and its Google holding to 186,650 shares from 349,055 shares.

It no longer held any Alibaba shares, after holding 1.36 million on June 30.

Separately, Appaloosa cut its General Motors Co. stake to 13.3 million shares from 19.18 million shares and got rid of all of the 1.91 million shares of Bank of America Corp. it owned.

The fund added new holdings in Nike Inc. , of 359,500 shares; Ingersoll-Rand , of 689,566 shares; and in Allstate Corp. , of 625,084 shares.

Source: Market Watch

Here are some of the key views from Tepper in his interview with Forbes’ Nathan Vardi:

>David Tepper on U.S Stocks: The U.S. stock market “going to grind higher.” This call is a lot different than the vocal pundits, most of which have been calling for the stock market to crash all year.

>Tepper on the Fed: Unlike retired hedge fund billionaire Stanley Druckenmiller who has been critical of the Fed’s policy, David Tepper thinks the Fed’s view is reasonable. He says, “China is still a very difficult situation. They went from a horrific policy to a mediocre policy, that’s why markets have been relaxed.” …

“It’s still a problem out there and if the Fed went to a very hard tightening of rates until we do have a degree of inflation back, that could cause a problem for the world. The world is an interconnected place and they (The Fed) are right on the policy more or less.”

When Tepper speaks it’s often smart to listen.

Source: Forbes Billionaire's Portfolio