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David Tepper’s Top 10 Positions Returned 22% This Year

APPALOOSA MANAGEMENT LPSuperstar fund manager David Tepper worked as the head trader on the high-yield desk at Goldman Sachs until he left to launch Appaloosa Management in 1993. Under Tepper’s management, Appaloosa was up 132% in 2009 and returned 30% net of fees in 2010. In 2011, a year when many hedge funds reported sub-par performance, Tepper’s fund was down about 5%.

So far, Tepper is on track to reverse last year’s loss in 2012, at least based on the largest 10 positions in his 13F portfolio that is. Those 10 positions, assuming he has not changed anything since the end of 2011, have returned a weighted average of 22% so far this year, versus 10.4% for the S&P 500 index during the same period.

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