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2012 Highest-Earning David Tepper - Top Holding GT

Posted
3/29/2013 6:25:00 PM
By: GuruFocus
Referenced Stocks:GT

With Goodyear Tire & Rubber Company ( GT ) announcing the construction of a new generation of airships to replace its famous blimps, GT-heavy investor Gurus come to mind, namely "First Mover" David Tepper , Appaloosa Management, who has described himself as "lazy competitive, if you know what I mean."

Since Tepper , 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. ( GT ) is one long-term component of his equity portfolio.

As of the quarter ending Sept. 30, 2012, Tepper '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. ( GT ) 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 GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .