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David Tepper Buys SPY, QQQ, DIA, Sells AAPL, MSFT, AIG

Posted
8/14/2013 9:54:00 AM
By: GuruFocus
Referenced Stocks:C;GT;QQQ;SPY;UAL

Renowned hedge fund manager David Tepper must be very bullish in the market. He bought last positions in broad market index ETF SPY, QQQ, and DIA. His overall invest in stocks is close to $7 billion, the highest ever.

David Tepper buys Goodyear Tire & Rubber Co, Chicago Bridge & Iron Company, Axiall Corp, Fluor Corporation, etc. He sells Apple Inc, Microsoft Corporation, American International Group etc. during the 3-months ended 06/30/2013, according to the most recent filings of his investment company, Appaloosa Management LP. As of 06/30/2013, Appaloosa Management LP owns 69 stocks with a total value of $6.9 billion. These are the details of the buys and sells.

For the details of David Tepper's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=David+Tepper

This is the sector weightings of his portfolio:

Financial Services 17%
Industrials 15.6%
Consumer Cyclical 13.8%
Technology 13.4%
Basic Materials 6.1%
Energy 3%
Healthcare 2%
Communication Services 0.9%
Consumer Defensive 0.3%
Real Estate 0.3%



These are the top 5 holdings of David Tepper

1. SPY ETF ( SPY ) - 8,186,960 shares, 18.9% of the total portfolio. Shares added by 877.7%

2. Citigroup Inc ( C ) - 9,601,639 shares, 6.7% of the total portfolio. Shares added by 12.7%

3. ETF ( QQQ ) - 5,750,000 shares, 5.9% of the total portfolio. New Position

4. Goodyear Tire & Rubber Co ( GT ) - 22,000,000 shares, 4.9% of the total portfolio. Shares added by 44.44%

5. United Continental Holdings Inc ( UAL ) - 7,731,044 shares, 3.5% of the total portfolio. Shares reduced by 9.14%

New Purchase: ( QQQ )

David Tepper initiated holdings in . His purchase prices were between $67.17 and $74.3, with an estimated average price of $71.45. The impact to his portfolio due to this purchase was 5.9%. His holdings were 5,750,000 shares as of 06/30/2013.

New Purchase: ( DIA )

David Tepper initiated holdings in . His purchase prices were between $145.14 and $153.88, with an estimated average price of $149.44. The impact to his portfolio due to this purchase was 2.2%. His holdings were 1,000,000 shares as of 06/30/2013.

New Purchase: Chicago Bridge & Iron Company (CBI)

David Tepper initiated holdings in Chicago Bridge & Iron Company. His purchase prices were between $50.92 and $63.74, with an estimated average price of $58.09. The impact to his portfolio due to this purchase was 1.3%. His holdings were 1,501,044 shares as of 06/30/2013.

New Purchase: Axiall Corp (AXLL)

David Tepper initiated holdings in Axiall Corp. His purchase prices were between $41.06 and $60.1, with an estimated average price of $49.15. The impact to his portfolio due to this purchase was 1.2%. His holdings were 1,877,715 shares as of 06/30/2013.

New Purchase: Hertz Global Holdings Inc (HTZ)

David Tepper initiated holdings in Hertz Global Holdings Inc. His purchase prices were between $21.91 and $26.16, with an estimated average price of $24.36. The impact to his portfolio due to this purchase was 1.1%. His holdings were 2,984,439 shares as of 06/30/2013.

New Purchase: Carnival Corporation (CCL)

David Tepper initiated holdings in Carnival Corporation. His purchase prices were between $32.2 and $35.61, with an estimated average price of $33.86. The impact to his portfolio due to this purchase was 0.88%. His holdings were 1,780,049 shares as of 06/30/2013.

New Purchase: Terex Corp (TEX)

David Tepper initiated holdings in Terex Corp. His purchase prices were between $26.01 and $35.87, with an estimated average price of $30.88. The impact to his portfolio due to this purchase was 0.83%. His holdings were 2,173,825 shares as of 06/30/2013.

New Purchase: Trinity Industries, Inc. (TRN)

David Tepper initiated holdings in Trinity Industries, Inc.. His purchase prices were between $35.29 and $44.62, with an estimated average price of $40.56. The impact to his portfolio due to this purchase was 0.52%. His holdings were 937,785 shares as of 06/30/2013.

New Purchase: Ply Gem Holdings Inc (PGEM)

David Tepper initiated holdings in Ply Gem Holdings Inc. His purchase prices were between $19.99 and $23.83, with an estimated average price of $22.08. The impact to his portfolio due to this purchase was 0.04%. His holdings were 149,498 shares as of 06/30/2013.

Sold Out: Two Harbors Investment Corp (TWO)

David Tepper sold out his holdings in Two Harbors Investment Corp. His sale prices were between $10.25 and $12.45, with an estimated average price of $11.47.

Sold Out: MFA Financial, Inc. (MFA)

David Tepper sold out his holdings in MFA Financial, Inc.. His sale prices were between $8.09 and $9.49, with an estimated average price of $9.

Sold Out: Silver Bay Realty Trust Corp (SBY)

David Tepper sold out his holdings in Silver Bay Realty Trust Corp. His sale prices were between $16.07 and $21.71, with an estimated average price of $18.69.

Added: ( SPY )

David Tepper added to his holdings in by 877.7%. His purchase prices were between $154.14 and $167.17, with an estimated average price of $161.2. The impact to his portfolio due to this purchase was 16.97%. His holdings were 8,186,960 shares as of 06/30/2013.

Added: Goodyear Tire & Rubber Co ( GT )

David Tepper added to his holdings in Goodyear Tire & Rubber Co by 44.44%. His purchase prices were between $11.95 and $15.82, with an estimated average price of $13.66. The impact to his portfolio due to this purchase was 1.51%. His holdings were 22,000,000 shares as of 06/30/2013.

Added: Fluor Corporation (FLR)

David Tepper added to his holdings in Fluor Corporation by 636.61%. His purchase prices were between $54.16 and $66.28, with an estimated average price of $60.76. The impact to his portfolio due to this purchase was 1.12%. His holdings were 1,489,629 shares as of 06/30/2013.

Added: Prudential Financial Inc (PRU)

David Tepper added to his holdings in Prudential Financial Inc by 101.98%. His purchase prices were between $54.91 and $73.03, with an estimated average price of $64.83. The impact to his portfolio due to this purchase was 0.91%. His holdings were 1,727,081 shares as of 06/30/2013.

Added: Citigroup Inc ( C )

David Tepper added to his holdings in Citigroup Inc by 12.7%. His purchase prices were between $42.5 and $53.27, with an estimated average price of $48.08. The impact to his portfolio due to this purchase was 0.76%. His holdings were 9,601,639 shares as of 06/30/2013.

Added: Bank of America Corporation (BAC)

David Tepper added to his holdings in Bank of America Corporation by 155.52%. His purchase prices were between $11.44 and $13.83, with an estimated average price of $12.75. The impact to his portfolio due to this purchase was 0.73%. His holdings were 6,344,607 shares as of 06/30/2013.

Added: KBR, Inc. (KBR)

David Tepper added to his holdings in KBR, Inc. by 291.68%. His purchase prices were between $28.01 and $36.1, with an estimated average price of $31.87. The impact to his portfolio due to this purchase was 0.62%. His holdings were 1,769,711 shares as of 06/30/2013.

Added: Foster Wheeler AG (FWLT)

David Tepper added to his holdings in Foster Wheeler AG by 203.96%. His purchase prices were between $19.56 and $24.79, with an estimated average price of $22.18. The impact to his portfolio due to this purchase was 0.32%. His holdings were 1,531,970 shares as of 06/30/2013.

Added: Delta Air Lines Inc (DAL)

David Tepper added to his holdings in Delta Air Lines Inc by 4.75%. His purchase prices were between $14.39 and $18.97, with an estimated average price of $17.34. The impact to his portfolio due to this purchase was 0.13%. His holdings were 10,290,884 shares as of 06/30/2013.

Added: Lincoln National Corp (Radnor, PA) (LNC)

David Tepper added to his holdings in Lincoln National Corp (Radnor, PA) by 46.01%. His purchase prices were between $30.86 and $36.47, with an estimated average price of $34.1. The impact to his portfolio due to this purchase was 0.09%. His holdings were 561,665 shares as of 06/30/2013.

Reduced: Apple Inc ( AAPL )

David Tepper reduced to his holdings in Apple Inc by 29.07%. His sale prices were between $390.53 and $463.84, with an estimated average price of $430.74. The impact to his portfolio due to this sale was -1.48%. David Tepper still held 383,004 shares as of 06/30/2013.

Reduced: Microsoft Corporation ( MSFT )

David Tepper reduced to his holdings in Microsoft Corporation by 59.83%. His sale prices were between $28.56 and $35.67, with an estimated average price of $32.76. The impact to his portfolio due to this sale was -1.26%. David Tepper still held 1,400,000 shares as of 06/30/2013.

Reduced: American International Group Inc ( AIG )

David Tepper reduced to his holdings in American International Group Inc by 34.49%. His sale prices were between $37.69 and $46.21, with an estimated average price of $42.9. The impact to his portfolio due to this sale was -1.24%. David Tepper still held 2,833,848 shares as of 06/30/2013.

Reduced: Hartford Financial Services Group Inc (HIG)

David Tepper reduced to his holdings in Hartford Financial Services Group Inc by 22.05%. His sale prices were between $24.82 and $31.43, with an estimated average price of $28.84. The impact to his portfolio due to this sale was -0.64%. David Tepper still held 4,134,770 shares as of 06/30/2013.

Reduced: Weatherford International Ltd (WFT)

David Tepper reduced to his holdings in Weatherford International Ltd by 50.04%. His sale prices were between $12.04 and $14.49, with an estimated average price of $13.26. The impact to his portfolio due to this sale was -0.6%. David Tepper still held 2,281,636 shares as of 06/30/2013.

Reduced: United Continental Holdings Inc ( UAL )

David Tepper reduced to his holdings in United Continental Holdings Inc by 9.14%. His sale prices were between $28.66 and $34.75, with an estimated average price of $31.81. The impact to his portfolio due to this sale was -0.53%. David Tepper still held 7,731,044 shares as of 06/30/2013.

Reduced: US Airways Group Inc (LCC)

David Tepper reduced to his holdings in US Airways Group Inc by 12.69%. His sale prices were between $15.52 and $19.12, with an estimated average price of $16.92. The impact to his portfolio due to this sale was -0.48%. David Tepper still held 9,339,374 shares as of 06/30/2013.

Reduced: MetLife Inc (MET)

David Tepper reduced to his holdings in MetLife Inc by 10.64%. His sale prices were between $35.53 and $46.1, with an estimated average price of $41.26. The impact to his portfolio due to this sale was -0.39%. David Tepper still held 4,113,818 shares as of 06/30/2013.

Reduced: General Motors Co (GM)

David Tepper reduced to his holdings in General Motors Co by 10.74%. His sale prices were between $27.52 and $35.03, with an estimated average price of $31.68. The impact to his portfolio due to this sale was -0.37%. David Tepper still held 5,071,069 shares as of 06/30/2013.

Reduced: Ford Motor Co (F)

David Tepper reduced to his holdings in Ford Motor Co by 10.76%. His sale prices were between $12.44 and $15.9, with an estimated average price of $14.34. The impact to his portfolio due to this sale was -0.36%. David Tepper still held 10,458,815 shares as of 06/30/2013.

Reduced: HCA Holdings Inc (HCA)

David Tepper reduced to his holdings in HCA Holdings Inc by 9.3%. His sale prices were between $36.06 and $41.4, with an estimated average price of $38.68. The impact to his portfolio due to this sale was -0.34%. David Tepper still held 3,923,082 shares as of 06/30/2013.

Reduced: Google, Inc. (GOOG)

David Tepper reduced to his holdings in Google, Inc. by 10.9%. His sale prices were between $765.914 and $915.89, with an estimated average price of $849.25. The impact to his portfolio due to this sale was -0.34%. David Tepper still held 164,920 shares as of 06/30/2013.

Reduced: Broadcom Corporation (BRCM)

David Tepper reduced to his holdings in Broadcom Corporation by 10.62%. His sale prices were between $31.89 and $37.55, with an estimated average price of $34.82. The impact to his portfolio due to this sale was -0.29%. David Tepper still held 3,235,625 shares as of 06/30/2013.

Reduced: SanDisk Corp (SNDK)

David Tepper reduced to his holdings in SanDisk Corp by 13.93%. His sale prices were between $51.18 and $63.04, with an estimated average price of $57.05. The impact to his portfolio due to this sale was -0.2%. David Tepper still held 1,050,000 shares as of 06/30/2013.

Reduced: Boyd Gaming Corporation (BYD)

David Tepper reduced to his holdings in Boyd Gaming Corporation by 56.2%. His sale prices were between $7.96 and $14.34, with an estimated average price of $11.29. The impact to his portfolio due to this sale was -0.19%. David Tepper still held 819,248 shares as of 06/30/2013.

Reduced: Calumet Specialty Products Partners LP (CLMT)

David Tepper reduced to his holdings in Calumet Specialty Products Partners LP by 34.71%. His sale prices were between $32.39 and $37.88, with an estimated average price of $35.95. The impact to his portfolio due to this sale was -0.18%. David Tepper still held 437,439 shares as of 06/30/2013.

Reduced: Owens-Corning, Inc. (OC)

David Tepper reduced to his holdings in Owens-Corning, Inc. by 7.18%. His sale prices were between $37.26 and $44.95, with an estimated average price of $41.69. The impact to his portfolio due to this sale was -0.17%. David Tepper still held 2,509,292 shares as of 06/30/2013.

Reduced: Masco Corporation (MAS)

David Tepper reduced to his holdings in Masco Corporation by 11.44%. His sale prices were between $18.65 and $22.74, with an estimated average price of $20.47. The impact to his portfolio due to this sale was -0.17%. David Tepper still held 3,099,517 shares as of 06/30/2013.

Reduced: Huntsman Corporation (HUN)

David Tepper reduced to his holdings in Huntsman Corporation by 6%. His sale prices were between $16.36 and $19.79, with an estimated average price of $18.29. The impact to his portfolio due to this sale was -0.17%. David Tepper still held 6,956,166 shares as of 06/30/2013.

Reduced: EMC Corporation (EMC)

David Tepper reduced to his holdings in EMC Corporation by 8.16%. His sale prices were between $21.5 and $24.99, with an estimated average price of $23.58. The impact to his portfolio due to this sale was -0.16%. David Tepper still held 3,708,569 shares as of 06/30/2013.

Reduced: Comcast Corp (CMCSA)

David Tepper reduced to his holdings in Comcast Corp by 10.67%. His sale prices were between $38.91 and $43.729, with an estimated average price of $41.3. The impact to his portfolio due to this sale was -0.16%. David Tepper still held 1,465,032 shares as of 06/30/2013.

Reduced: Whirlpool Corporation (WHR)

David Tepper reduced to his holdings in Whirlpool Corporation by 10.66%. His sale prices were between $111.77 and $130.97, with an estimated average price of $121.27. The impact to his portfolio due to this sale was -0.15%. David Tepper still held 500,470 shares as of 06/30/2013.

Reduced: Dean Foods Company (DF)

David Tepper reduced to his holdings in Dean Foods Company by 18.7%. His sale prices were between $9.281 and $11.2, with an estimated average price of $10.16. The impact to his portfolio due to this sale was -0.11%. David Tepper still held 1,249,684 shares as of 06/30/2013.

Reduced: JPMorgan Chase & Co (JPM)

David Tepper reduced to his holdings in JPMorgan Chase & Co by 10.89%. His sale prices were between $46.64 and $55.62, with an estimated average price of $50.84. The impact to his portfolio due to this sale was -0.11%. David Tepper still held 891,100 shares as of 06/30/2013.

Reduced: Celanese Corporation (CE)

David Tepper reduced to his holdings in Celanese Corporation by 10.78%. His sale prices were between $41.97 and $50.05, with an estimated average price of $47.03. The impact to his portfolio due to this sale was -0.11%. David Tepper still held 939,084 shares as of 06/30/2013.

Reduced: Chimera Investment Corporation (CIM)

David Tepper reduced to his holdings in Chimera Investment Corporation by 36.73%. His sale prices were between $2.9 and $3.32, with an estimated average price of $3.17. The impact to his portfolio due to this sale was -0.11%. David Tepper still held 2,887,152 shares as of 06/30/2013.

Here is the complete portfolio of David Tepper. Also check out:

1. David Tepper's Undervalued Stocks
2. David Tepper's Top Growth Companies, and
3. David Tepper's High Yield stocks
4. Stocks that David Tepper keeps buyingAbout 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 .