David Tepper

Appaloosa Management

Annualized
Return

10-Year Compound Annual Growth Rate

15.8%

10-Year
ROI

10-Year Cumulative Return on Investment

334%
S&P 500 Index
Annualized
Return
5.9%
10-Year
ROI
77%

Current Holdings

Ticker Company Portfolio Weight P/E Fwd P/E PEG P/S P/B

Who is David Tepper?


David Tepper (born 1957) is the founder of the American hedge fund, Appaloosa Management (based in New Jersey). Tepper grew up in the middle-class suburbs of Pittsburgh, PA and is a self-proclaimed C student from the University of Pittsburgh. He grew an interest in stocks from watching his father trade in the exchange. Despite his average upbringing Tepper has managed to become a successful investor and is worth today $11.4 billion.

Investment Style

“Distressed Debt”, “Macroeconomic”

David Tepper specializes in distressed-debt companies. In fact, Appaloosa Management was known as a junk-bond investment boutique in the 90s before it became a well-known Wall Street hedge fund. His portfolio is well diversified of both domestic and international equities, and it makes large macro bets on index ETFs (long and short). The fund saw explosive returns particularly in 2003 and 2009 where it returned 149% and 133% respectively.