Appaloosa released its quarterly 13F filing with the SEC on May 15th. After recent market losses, these are the stocks in the fund’s portfolio worth considering now.
Appaloosa’s Recent Price Pull-Back Stocks
To find stocks in the firm’s portfolio that may be unpopular at the moment and trading at cheap valuations, I ranked the firm’s holdings by price pullbacks. The ranking table below lists the stocks in Appaloosa’s portfolio by stock price performance over the last 30 days.
| Ticker | Name | Price 1-mo Ago | Current Price | % Change 1-mo |
|---|---|---|---|---|
| PCG | PG&E CORP | $43.32 | $39.29 | -9.3% |
| AMAT | APPLIED MATLS INC | $54.62 | $50.86 | -6.9% |
| LRCX | LAM RESEARCH CORP | $200.46 | $186.93 | -6.7% |
| SUM | SUMMIT MATLS INC | $29.15 | $27.58 | -5.4% |
| SYK | STRYKER CORP | $169.48 | $162.54 | -4.1% |
| NRG | NRG ENERGY INC | $34.91 | $33.51 | -4.0% |
| BAC | BANK AMER CORP | $30.79 | $29.90 | -2.9% |
PG&E Corporation (NYSE: PCG) stock price has fallen by -9.3% over the last month. It may be worth taking a closer look at the stock, especially after this recent decline.
The next largest stock decline in David Tepper’s portfolio is Applied Materials, Inc. (NASDAQ: AMAT) which has seen its share price fall by -6.9% over the last month. Other notable holdings with a recent pull-back include Lam Research Corporation (NASDAQ: LRCX), Summit Materials, Inc. (NYSE: SUM), Stryker Corporation (NYSE: SYK), NRG Energy, Inc. (NYSE: NRG) and Bank of America Corporation (NYSE: BAC).
Final Thoughts
Hedge fund managers may seem to be a dime a dozen, but not many of them have had a stock market rally named after them. Billionaire David Alan Tepper, founder and portfolio manager at Appaloosa Management L.P., is the exception, having inspired what’s been dubbed the Tepper Rally of 2010.
Through his macro view of the financial markets, Tepper was able to predict not only the stock market rally but the catalysts behind it which ultimately proved to be the Fed’s stimulus.
Then in February 2009, his fund bought distressed financial stocks such as Bank of America(NYSE: BAC) when they were at their bottom. The sector quickly recovered later in the year and Tepper reportedly made $7 billion. This ultimately helped him become the top-earning hedge fund in 2009.
With such an impressive track record, it is worth it for individual investors to take a closer look at his portfolio and the stocks listed above.
The ideas section of finbox.io tracks top investors and trending investment themes. You can get the latest data on the holdings discussed above at the Appaloosa page.
As of this writing, I did not hold a position in any of the aforementioned securities and this is not a buy or sell recommendation on any security mentioned.