David Tepper - Appaloosa Management Portfolio
| Period Date | Jun 30, 2025 | |
| Filing Date | Aug 14, 2025 | |
| Total Stocks | 38 | |
| Portfolio Value | $6.45B |
Appaloosa Management Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 2.0 years | Style | Average duration positions are maintained |
| Position Count | 75 | Style | Number of active positions in portfolio |
| Position Size | 3.3% | Risk | Typical allocation per position |
| Win Rate | 50.2% | Performance | Percentage of profitable positions |
| Average Return | 65.0% | Performance | Mean return across positions |
| Sharpe Ratio | 0.16 | Performance | Return per unit of risk taken |
Investment Case Study: ALIBABA GROUP HLDG LTD (BABA)
6/30/2017 - 8/23/2025
Performance Metrics
Total Return: 125,800.88%
Holding Period: 2976 days
Max Position Size: $1,220,482,900.00
Position Weight: 7.90%
Key Events
6/30/2017: ENTRY(3,693,918.00 shares) @ $0.14
9/30/2017: DECREASE(-131,418.00 shares) @ $0.17
12/31/2017: INCREASE(757,734.00 shares) @ $0.17
3/31/2018: DECREASE(-267,618.00 shares) @ $0.18
6/30/2018: DECREASE(-1,409,642.00 shares) @ $0.19
9/30/2018: DECREASE(-1,142,974.00 shares) @ $0.16
3/31/2019: DECREASE(-500,000.00 shares) @ $0.18
9/30/2019: INCREASE(300,000.00 shares) @ $0.17
12/31/2019: INCREASE(1,100,000.00 shares) @ $0.21
3/31/2020: DECREASE(-135,000.00 shares) @ $0.19
6/30/2020: INCREASE(1,110,000.00 shares) @ $0.22
9/30/2020: DECREASE(-1,155,000.00 shares) @ $0.29
12/31/2020: DECREASE(-320,000.00 shares) @ $0.23
3/31/2021: DECREASE(-760,000.00 shares) @ $0.23
6/30/2021: DECREASE(-555,000.00 shares) @ $0.23
9/30/2021: DECREASE(-60,000.00 shares) @ $0.15
6/30/2022: DECREASE(-425,000.00 shares) @ $0.11
9/30/2022: DECREASE(-10,000.00 shares) @ $0.08
12/31/2022: INCREASE(10,000.00 shares) @ $88.09
6/30/2023: INCREASE(4,375,000.00 shares) @ $83.35
9/30/2023: DECREASE(-875,000.00 shares) @ $86.74
12/31/2023: INCREASE(750,000.00 shares) @ $77.51
3/31/2024: INCREASE(6,900,000.00 shares) @ $72.36
6/30/2024: DECREASE(-750,000.00 shares) @ $72.00
9/30/2024: DECREASE(-500,000.00 shares) @ $106.12
12/31/2024: INCREASE(1,843,158.00 shares) @ $84.79
3/31/2025: DECREASE(-2,613,158.00 shares) @ $132.23
6/30/2025: DECREASE(-2,162,729.00 shares) @ $113.41
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure