So, you wonder what Tepper is up to.......?

[sml1950]

....or down to.  His 3rd Q filing for Appoloosa report a 35% decline in value!!!! and this before the last 3months which were among the worst on record:

https://seekingalpha.com/article/4223833-tracking-david-teppers-appaloosa-management-portfolio-q3-2018-update

 

He apparently has liquidated many positions and has to be worried about redemptions as much as the volatility of the market.  So following Rivera and Hurney are WAY behind following the tweets from DC.  If he wants to replace anyone, it’s the bipolar guy sitting behind the Resolute desk in the Oval Office.

[jackson113]

Analytics baby!

[top dawg]

It's a good thing he's in it for the long game.

[Peppers90 NC]

Maybe people saw his bad investment in the Panthersxand started questioning everything else

[Khyber53]

30 minutes ago, sml1950 said:

....or down to.  His 3rd Q filing for Appoloosa report a 35% decline in value!!!! and this before the last 3months which were among the worst on record:

https://seekingalpha.com/article/4223833-tracking-david-teppers-appaloosa-management-portfolio-q3-2018-update

 

He apparently has liquidated many positions and has to be worried about redemptions as much as the volatility of the market.  So following Rivera and Hurney are WAY behind following the tweets from DC.  If he wants to replace anyone, it’s the bipolar guy sitting behind the Resolute desk in the Oval Office.

I kinda pointed this out back when folks were screaming that Tepper needed to come out and address them right now about RR and MH. 

SMH

[Squirrel]

31 minutes ago, sml1950 said:

....or down to.  His 3rd Q filing for Appoloosa report a 35% decline in value!!!! and this before the last 3months which were among the worst on record:

https://seekingalpha.com/article/4223833-tracking-david-teppers-appaloosa-management-portfolio-q3-2018-update

 

He apparently has liquidated many positions and has to be worried about redemptions as much as the volatility of the market.  So following Rivera and Hurney are WAY behind following the tweets from DC.  If he wants to replace anyone, it’s the bipolar guy sitting behind the Resolute desk in the Oval Office.

He has been saying he just hoarding cash for the past 3 months. He has some positions but he been waiting to go lower. 

[GeorgeHanson]

37 minutes ago, sml1950 said:

....or down to.  His 3rd Q filing for Appoloosa report a 35% decline in value!!!! and this before the last 3months which were among the worst on record:

https://seekingalpha.com/article/4223833-tracking-david-teppers-appaloosa-management-portfolio-q3-2018-update

 

He apparently has liquidated many positions and has to be worried about redemptions as much as the volatility of the market.  So following Rivera and Hurney are WAY behind following the tweets from DC.  If he wants to replace anyone, it’s the bipolar guy sitting behind the Resolute desk in the Oval Office.

I think you might misunderstand what's going on here.

The value of the investments held by Appaloosa is 35% less than the last time they filed the same report.  This is driven by him selling off a lot of positions and going to cash.

Example: 

Filing 1:  Investor has 10 different positions worth $10 each..."portfolio value" = $100. 

Filing 2:  Investor has 6 positions worth $10 each..."portfolio value" = $60.  Cash = $40.  

In both cases total value = $100.  The "portfolio value" is down 40% but no money has been lost.

No idea if he has made or lost money on an absolute basis but he's not down 35%.

[ellis]

Hope he can make ends meet.

[top dawg]

1 hour ago, GeorgeHanson said:

I think you might misunderstand what's going on here.

The value of the investments held by Appaloosa is 35% less than the last time they filed the same report.  This is driven by him selling off a lot of positions and going to cash.

Example: 

Filing 1:  Investor has 10 different positions worth $10 each..."portfolio value" = $100. 

Filing 2:  Investor has 6 positions worth $10 each..."portfolio value" = $60.  Cash = $40.  

In both cases total value = $100.  The "portfolio value" is down 40% but no money has been lost.

No idea if he has made or lost money on an absolute basis but he's not down 35%.

Thanks for putting that in a way that's understandable.

[Pimpdaddy]

don't compare a ***** business cycle to what hes gonna do here...gahh..

[TheSpecialJuan]

1 hour ago, GeorgeHanson said:

I think you might misunderstand what's going on here.

The value of the investments held by Appaloosa is 35% less than the last time they filed the same report.  This is driven by him selling off a lot of positions and going to cash.

Example: 

Filing 1:  Investor has 10 different positions worth $10 each..."portfolio value" = $100. 

Filing 2:  Investor has 6 positions worth $10 each..."portfolio value" = $60.  Cash = $40.  

In both cases total value = $100.  The "portfolio value" is down 40% but no money has been lost.

No idea if he has made or lost money on an absolute basis but he's not down 35%.

Excellent explanation, thanks 

[4Corners]

Just like everyone’s 401k and NYSE. MAGA!

[Pimpdaddy]

chargers just getting smashed...looks like a ronald  preperation for this game...never mind..wrong thread...drunk as fk cause we aint in it...

[GeorgeHanson]

22 minutes ago, top dawg said:

Thanks for putting that in a way that's understandable.

Sure thing.

One other thing to keep in mind as it goes to Appaloosa (and other hedge funds), they don't have to report the cash position, nor do they have to report their short positions. 

Clearly Tepper has been taking money off the table on the long side (makes money if stock price goes up), and I'm highly confident he's got his foot on the gas and is simultaneously adding to his book of short positions (makes money if the stock price goes down).

For those who might own a stock or two and want to see if Tepper owns any of the same names, all his long positions can be viewed here: 

https://www.sec.gov/Archives/edgar/data/1656456/000165645618000007/xslForm13F_X01/Form13FInfoTable.xml

Market volatility is something guys like Tepper thrive on....I suspect he's having a good year (but that's just a guess).