Appaloosa LP (Tepper)
tepper, hedge-fund, active
Quarter Analysis
13F change notes for Appaloosa LP (Tepper) in 2015-12-31.
Note: Appaloosa's SEC 13F stream goes stale after Q4-2015 — Tepper restructured to family-office form. This is the last full quarter on file. Book grew $2.9B → $5.0B as Tepper rotated into a 12% SPY position (+13127% in shares), a new $400M Alphabet stake, new oil-pipeline positions (Energy Transfer, Kinder Morgan), and added to Southwest Airlines and Allstate. JetBlue exited (3q held), Goodyear cut -64% on +114% gain, NXP cut -65%. Classic Tepper post-energy-crash playbook: index hedges + concentrated single-name pipeline bets + take profits on multi-baggers.
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▲ ADDED
SPDR S&P 500 ETF TR SPY
Shares grew 130x to 12.3% weight — Tepper's signature use of broad-index ETFs as macro hedges, this time scaled to top weight.
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+ NEW
ALPHABET INC GOOG
New at 8.1% — a major mega-cap-tech bet entering at top size.
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+ NEW
ENERGY TRANSFER PRTNRS L P
New 3.5% — oil-pipeline contrarian play during the 2015 energy bust.
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+ NEW
KINDER MORGAN INC DEL KMI
New 2.8% — same pipeline thesis, paired with Energy Transfer.
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▲ ADDED
SOUTHWEST AIRLS CO LUV
Shares +162% to 3.7% weight — Tepper's signature airline trade scaled.
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× EXIT
JETBLUE AIRWAYS CORP
Closed after 3 quarters at 4% prior weight — airline rotation, LUV kept JBLU dropped.
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▼ REDUCED
GOODYEAR TIRE & RUBR CO GT
Cut -64% on +114% gain — long-running winner exit-management.
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• CONTEXT
The Appaloosa filings stop after this quarter — Tepper went family-office. This 2015-Q4 snapshot is historical context, not current portfolio.