Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

David Tepper Now Holds 40% Cash

The recent market turmoil made lots of investors lose their ways. Some experienced investors chose a defensive investment strategy. David Tepper, founder of Appaloosa Management, is one of them.


In the beginning of 2009, Tepper held 30% in cash. But in February and March of that year, he insisted in purchasing many bank stocks, such as BofA, Citi, which were dropping at that time and were avoided by most investors. In 2009, Tepper’s fund returned 120%.

In the beginning of this year, the biggest positions in Tepper’s portfolio were Wells Fargo, Citi bank, and Bank of America. However, in Q1, Tepper started to sell large amounts of these stocks. By the end of June, Tepper only held a small portion of the Citi bank position he held in the beginning of the year. His positions in BofA reduced by 60% (check out Tepper’s stock picks). Through the end of August, Tepper’s fund lost about 1 to 2 percentage points, which is quite good in such market turmoil.

According to “Institutional Investor”, Tepper’s fund now holds 30% to 40% in cash, which is very high for him. He invested part of the cash in US treasuries, which have risen in value in recent weeks. Although Tepper usually holds about 25% cash, he is not eager to invest the cash in hand this time. He will remain cautious before the European bank crisis is improved, but he will definitely be aggressive if the market tanks, according to II.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!