With Goodyear Tire & Rubber Company (
) announcing the construction of a new generation of airships to
replace its famous blimps, GT-heavy investor Gurus come to mind,
namely "First Mover"
, Appaloosa Management, who has described himself as "lazy
competitive, if you know what I mean."
, founder of Appaloosa Management, personally made $2.2 billion
last year, and was listed by Forbes as the highest-earning among
the top 40 hedge fund managers, his top holdings are being
studied by almost everyone. Goodyear Tire & Rubber Co.
is one long-term component of his equity portfolio.
As of the quarter ending Sept. 30, 2012,
's last increase of 27.35% brought his GT stake to 14,313,702
shares at an average price of $12.35 with a 2.1% gain. At the end
of 2012, Tepper had 14,345,610 GT shares, with Goodyear Tire
& Rubber Co. (
) accounting for 4.3% of his equity portfolio.
See how GT is doing today.
Organized in 1898, Goodyear Tire & Rubber Co. has a market
cap of $3.09 billion; its shares are traded around $12.61 with a
P/E ratio of 16.8 and P/S ratio of 0.1. Goodyear Tire &
Rubber Co. had an annual average earnings growth of 16.6% over
the past five years. According to GuruFocus research, Tepper is
by far the largest GT stakeholder Guru, with over 14 million
shares of the household name-brand tire.
His holding history:
Tepper's portfolio lists 57 stocks with a total value of $4.6
billion, and a quarter-over-quarter turnover of 22%. Tepper's
hedge fund, Appaloosa Management, had net returns of almost 30%
last year, with an average annual return of 23.3% over five
years, and 29.2% since its inception in 1993. Of his successful
hedge fund Tepper has said, "We bet on the country's revival."
David Tepper's top buys, sells and holdings:
Read more about David Tepper's Top 5 Buys.
Tepper is known for his philanthropy, especially to schools. In
2004 Tepper donated a record $55 million to his alma mater
Carnegie Mellon University. The deep pockets Guru is quoted as
saying, "The more I make, the more I'll give away. "About
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