This article is part of a series that provides an ongoing analysis of the changes made to David Tepper’s 13F portfolio on a quarterly basis. It is based on Appaloosa Management’s regulatory 13F Form filed on 08/14/2019. Please visit our Tracking David Tepper’s Appaloosa Management Portfolio series to get an idea of his investment philosophy and our previous update for the fund’s moves during Q1 2019.
This quarter, Tepper’s 13F portfolio value increased from $3.49B to $9.26B. The increase was primarily due to huge nominal long positions through Calls initiated during the quarter in SPDR