Appaloosa Management LP

Diversified strategyMomentum followerHigh-turnover trader

Total reported value

$5.0B

Reporting period: 2015-12-31 · Number of holdings: 52

APPALOOSA MANAGEMENT LP disclosed 52 holdings in its latest 13F filing for the period ending 2015-12-31, with total reported value of $5.0B and a quarterly turnover rate of 88.1%.

Personality snowflake

Concentration: 20.63
Portfolio Stability: 88.09
Momentum/Contrarian: 100
Sector conviction: 76.03
Diversification: 100
Sizing Uniformity: 87.1

Recent moves

Add SPY
+13126.8%　$612.0M
Trim NXPI
-65.1%　-$132.3M
Trim GM
-2.3%　$41.2M
Trim GT
-63.9%　-$104.0M
Trim HCA
+27.7%　$31.9M
Trim AAPL
-3.4%　-$11.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 51 holdings (of 52 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	12.29%	+12.14%	+13126.80%
2	GM	General Motors Co	Stock-Consumer Disc	8.54%	-4.97%	-2.33%
3	GOOG	Alphabet Inc-cl C	Stock-Comm Services	8.11%	+8.11%	NEW
4	DAL	Delta Air Lines INC	Stock-Industrials	7.40%	-2.12%	+20.51%
5	HCA	Hca Healthcare INC	Stock-Healthcare	6.12%	-3.48%	+27.68%
6	WHR	Whirlpool CORP	Stock-Consumer Disc	4.73%	-1.10%	+42.45%
7	LUV	Southwest Airlines Co	Stock-Industrials	3.69%	+1.52%	+162.33%
8	ALL	Allstate CORP	Stock-Financials	3.62%	+2.35%	+367.30%
9	ET	Energy Transfer LP	Stock-Energy	3.46%	+3.46%	NEW
10	OC	Owens Corning	Stock-Industrials	3.15%	-1.77%	—
11	KMI	Kinder Morgan INC	Stock-Energy	2.81%	+2.81%	NEW
12	✓	Booking Hldgs INC	Stock-Other	2.80%	-1.43%	+12.26%
13	AAPL	Apple INC	Stock-Tech	2.65%	-2.39%	-3.44%
14	✓	Abengoa Yield PLC	Stock-Other	2.43%	+2.42%	NEW
15	HDSUSD	Hd Supply Holdings INC	Stock-Other	1.92%	-0.35%	+41.14%
16	✓	Terraform Pwr INC	Stock-Other	1.91%	+1.91%	NEW
17	HUN	Huntsman CORP	Stock-Materials	1.82%	-0.90%	—
18	PFE	Pfizer INC	Stock-Healthcare	1.55%	+1.55%	NEW
19	PPG	Ppg Industries INC	Stock-Materials	1.48%	+1.48%	NEW
20	AMLPUSD	Alerian Mlp ETF	ETF-Other	1.42%	+1.42%	NEW
21	GT	Goodyear Tire & Rubber Co	Stock-Consumer Disc	1.39%	-4.68%	-63.92%
22	NXPI	NXP Semiconductors N.V.	Stock-Tech	1.34%	-5.64%	-65.13%
23	✓	Williams Partners LP	Stock-Other	1.32%	+1.32%	NEW
24	✓	Ingersoll-rand PLC	Stock-Other	1.15%	-0.07%	+51.39%
25	HPE	Hewlett Packard Enterprise	Stock-Tech	1.11%	+1.11%	NEW
26	URI	United Rentals INC	Stock-Industrials	1.11%	-0.64%	-8.15%
27	REFI	Chicago Atlantic Real Estate Finance, Inc.	Stock-Other	1.08%	-0.66%	+10.89%
28	EMN	Eastman Chemical Co	Stock-Materials	0.94%	-0.83%	-10.53%
29	✓		Stock-Other	0.93%	+0.93%	NEW
30	✓	Mylan N V	Stock-Other	0.92%	+0.26%	+81.62%
31	✓	Wmi Holdings CORP	Stock-Other	0.87%	—	—
32	RRC	Range Resources CORP	Stock-Energy	0.79%	+0.79%	NEW
33	TG7	Triumph Group INC	Stock-Other	0.71%	—	+6.60%
34	UAL	United Airlines Holdings INC	Stock-Industrials	0.69%	-0.18%	+27.53%
35	SWN1EUR	Southwestern Energy Co	Stock-Other	0.62%	+0.62%	NEW
36	CYH	Community Health Systems INC	Stock-Other	0.53%	+0.53%	NEW
37	CTRA	Coterra Energy INC	Stock-Energy	0.49%	+0.49%	NEW
38	FCX	Freeport-mcmoran INC	Stock-Materials	0.48%	+0.48%	NEW
39	KYN	Kayne Anderson Energy Infra	Stock-Other	0.35%	+0.35%	NEW
40	EQT	Eqt CORP	Stock-Energy	0.33%	+0.33%	NEW
41	EXP	Eagle Materials INC	Stock-Materials	0.26%	-1.59%	-72.23%
42	AR	Antero Resources CORP	Stock-Energy	0.24%	+0.24%	NEW
43	TNK	Teekay Tankers Ltd.	Stock-Other	0.13%	+0.13%	NEW
44	✓	General Mtrs Co	Stock-Other	0.09%	—	—
45	TNK	Teekay Tankers Ltd.	Stock-Other	0.07%	+0.07%	NEW
46	✓		Stock-Other	0.06%	—	—
47	TYGEUR	Tortoise Energy Infrastruct	Stock-Other	0.03%	—	—
48	✓	Clearbridge	Stock-Other	0.02%	—	—
49	NRG	NRG Energy, Inc.	Stock-Utilities	0.02%	—	—
50	NRG	NRG Energy, Inc.	Stock-Utilities	0.02%	—	—

1–50 of 51

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2015-12-31	52	$5.0B	88	1SPY 2GM 3GOOG Top holdings2015-12-31 1.SPY 2.GM 3.GOOG 4.DAL 5.HCA 6.WHR 7.LUV 8.ALL 9.ET 10.OC
2015-09-30	33	$2.9B	58	1GM 2HCA 3DAL Top holdings2015-09-30 1.GM 2.HCA 3.DAL 4.NXPI 5.GT 6.WHR 7.AAPL 8.OC 9.741503 10.JBLU
2015-06-30	34	$4.0B	60	1GM 2HCA 3AAPL Top holdings2015-06-30 1.GM 2.HCA 3.AAPL 4.GT 5.741503 6.WHR 7.38259P 8.HUN 9.DAL 10.NXPI
2015-03-31	38	$5.7B	55	1SPY 2GM373935A Top holdings2015-03-31 1.SPY 2.GM 3.73935A 4.HCA 5.741503 6.GT 7.UAL 8.38259P 9.WHR 10.DAL
2014-12-31	28	$4.0B	60	1GM 2HCA3741503 Top holdings2014-12-31 1.GM 2.HCA 3.741503 4.WHR 5.UAL 6.GT 7.38259P 8.AAL 9.38259P 10.NXPI
2014-09-30	42	$6.8B	30	1GM 2C3741503 Top holdings2014-09-30 1.GM 2.C 3.741503 4.HCA 5.38259P 6.HAL 7.73935A 8.WHR 9.META 10.DAL
2014-06-30	50	$7.1B	66	1AAL 2GM 3C Top holdings2014-06-30 1.AAL 2.GM 3.C 4.741503 5.38259P 6.HAL 7.GT 8.73935A 9.HCA 10.SPY
2014-03-31	58	$9.1B	38	1SPY273935A338259P Top holdings2014-03-31 1.SPY 2.73935A 3.38259P 4.C 5.AAL 6.HAL 7.GT 8.HCA 9.GM 10.741503
2013-12-31	70	$8.0B	54	1SPY273935A3C Top holdings2013-12-31 1.SPY 2.73935A 3.C 4.GT 5.38259P 6.HCA 7.UAL 8.GM 9.HUN 10.AAL
2013-09-30	64	$6.3B	30	1SPY 2C373935A Top holdings2013-09-30 1.SPY 2.C 3.73935A 4.GT 5.UAL 6.DAL 7.HCA 8.MET 9.GM 10.90341W
2013-06-30	72	$6.9B	0	1SPY 2C373935A Top holdings2013-06-30 1.SPY 2.C 3.73935A 4.GT 5.UAL 6.DAL 7.MET 8.QCOM 9.GM 10.F

Holding changes this quarter

Appaloosa Management LP's most significant position changes for 2015-12-31: New buy: Alphabet Inc-cl C (GOOG); New buy: Energy Transfer LP (ET); New buy: Kinder Morgan INC (KMI); New buy: Abengoa Yield PLC; Sold out: Jetblue Airways CORP (JBLU).

Position changes disclosed by Appaloosa Management LP for the quarter ending 2015-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SPY	Ss Spdr S&p 500 ETF Trust-us	+12.1%	+13126.80%	Add
2	ALL	Allstate CORP	+2.4%	+367.30%	Add
3	LUV	Southwest Airlines Co	+1.5%	+162.33%	Add
4	✓	Mylan N V	+0.3%	+81.62%	Add
5	✓	Ingersoll-rand PLC	-0.1%	+51.39%	Add
6	UAL	United Airlines Holdings INC	-0.2%	+27.53%	Add
7	HDSUSD	Hd Supply Holdings INC	-0.4%	+41.14%	Add
8	URI	United Rentals INC	-0.6%	-8.15%	Trim
9	REFI	Chicago Atlantic Real Estate Finance, Inc.	-0.7%	+10.89%	Add
10	EMN	Eastman Chemical Co	-0.8%	-10.53%	Trim
11	HUN	Huntsman CORP	-0.9%	—	Unchanged
12	WHR	Whirlpool CORP	-1.1%	+42.45%	Add
13	✓	Booking Hldgs INC	-1.4%	+12.26%	Add
14	EXP	Eagle Materials INC	-1.6%	-72.23%	Trim
15	OC	Owens Corning	-1.8%	—	Unchanged
16	DAL	Delta Air Lines INC	-2.1%	+20.51%	Add
17	AAPL	Apple INC	-2.4%	-3.44%	Trim
18	HCA	Hca Healthcare INC	-3.5%	+27.68%	Add
19	GT	Goodyear Tire & Rubber Co	-4.7%	-63.92%	Trim
20	GM	General Motors Co	-5%	-2.33%	Trim
21	NXPI	NXP Semiconductors N.V.	-5.6%	-65.13%	Trim
22	GOOG	Alphabet Inc-cl C	—	NEW	New buy
23	ET	Energy Transfer LP	—	NEW	New buy
24	KMI	Kinder Morgan INC	—	NEW	New buy
25	✓	Abengoa Yield PLC	—	NEW	New buy
26	JBLU	Jetblue Airways CORP	—	EXIT	Sold out
27	✓	Google INC Class C	—	EXIT	Sold out
28	✓	Terraform Pwr INC	—	NEW	New buy
29	PFE	Pfizer INC	—	NEW	New buy
30	PPG	Ppg Industries INC	—	NEW	New buy
31	AMLPUSD	Alerian Mlp ETF	—	NEW	New buy
32	✓	Williams Partners LP	—	NEW	New buy
33	HPE	Hewlett Packard Enterprise	—	NEW	New buy
34	✓		—	NEW	New buy
35	NKE	Nike INC -cl B	—	EXIT	Sold out
36	RRC	Range Resources CORP	—	NEW	New buy
37	SWN1EUR	Southwestern Energy Co	—	NEW	New buy
38	TEX	Terex CORP	—	EXIT	Sold out
39	✓	U S G CORP	—	EXIT	Sold out
40	CYH	Community Health Systems INC	—	NEW	New buy
41	CTRA	Coterra Energy INC	—	NEW	New buy
42	✓	Ryland Group INC	—	EXIT	Sold out
43	FCX	Freeport-mcmoran INC	—	NEW	New buy
44	KYN	Kayne Anderson Energy Infra	—	NEW	New buy
45	EQT	Eqt CORP	—	NEW	New buy
46	AR	Antero Resources CORP	—	NEW	New buy
47	KBR	Kbr INC	—	EXIT	Sold out
48	TNK	Teekay Tankers Ltd.	—	NEW	New buy
49	✓	Axiall CORP	—	EXIT	Sold out
50	TNK	Teekay Tankers Ltd.	—	NEW	New buy

FAQ

What is Appaloosa Management LP and what type of investor is it?

Appaloosa Management LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2015-12-31), the firm manages a tracked equity portfolio valued at approximately $5.0B, spread across 52 disclosed positions.

What are Appaloosa Management LP's largest equity positions?

Based on the latest 13F filing, Appaloosa Management LP's top holdings by market value are: 1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $616.3M (12.3%) 2. General Motors Co (GM) — $428.0M (8.5%) 3. Alphabet Inc-cl C (GOOG) — $406.9M (8.1%) 4. Delta Air Lines INC (DAL) — $371.2M (7.4%) 5. Hca Healthcare INC (HCA) — $306.8M (6.1%)

What changes did Appaloosa Management LP make in its most recent portfolio filing?

In the latest reported quarter, Appaloosa Management LP made 48 notable position adjustments: 21 new positions were initiated, 12 existing holdings were added to, 7 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Alphabet Inc-cl C (GOOG); New buy: Energy Transfer LP (ET); New buy: Kinder Morgan INC (KMI); New buy: Abengoa Yield PLC; Sold out: Jetblue Airways CORP (JBLU)

What sectors does Appaloosa Management LP focus on?

Appaloosa Management LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 33.2% • Communication Services: 31.6% • Industrials: 17.0% • Information Technology: 10.3% • Health Care: 6.0% • Materials: 1.9%