Appaloosa LP (Tepper)

Background

Tepper made his name on Goldman Sachs's high-yield desk before launching Appaloosa with Jack Walton in 1993. The strategy has always been distressed and event-driven across credit and equity, often macro-tilted. Tepper also owns the Carolina Panthers NFL franchise.

Key People

• David Tepper Founder

  Vocal post-FOMC TV-appearance investor; main reason to track this filer.

Track Record / Style

The defining year is 2009: Appaloosa bought Bank of America and Citigroup commons and preferreds in the depths of the financial-crisis bailout, widely reported as a multi-billion-dollar single-year gain and one of the best hedge-fund years on record. Expect a low row count and high single-name conviction in the 13F today.