Tracking David Tepper's Appaloosa Management Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to David Tepper's Appaloosa Management's US long stock portfolio as of Q1 2013. For a look at how his portfolio has progressed, see our previous update:

 Tepper increased Apple (AAPL) stake last quarter to his largest position at over 10%. This quarter saw an about-turn as the stake was reduced by almost 50% to a still large 5.07%. With that move, the Citigroup (C) stake has become his largest position although that stake was trimmed this quarter. Other significant moves this quarter include:

a) Reduction of AIG stake by roughly one-third to a 3.56% position,
b) A new 1.46% stake in Comcast Corp. (CMCSA), and
c) Stake elimination of over 1% positions in Oracle (ORCL), Powershares QQQ (QQQ), and Noble Corporation (NE).

Most of the other positions also saw minor adjustments in the quarter. Overall the portfolio increased marginally from $4.6B to $4.7B.

 

Tracking Francis Chou's Chou Associates Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to Francis Chou's Chou Associates US long stock portfolio as of Q1 2013. For a look at how his portfolio has progressed, see our previous update:

The portfolio remained steady this quarter. There were only four changes to the portfolio and they were all stake reductions: Goldman Sachs (GS) and Sprint Nextel (S) stakes were reduced substantially to 4.45% and 2.65% of the US long portfolio respectively while the very small 0.73% position in Blackberry (BBRY) and the huge 11.74% position in Resolute Forest Products (RFP) saw minor stake reductions.

Tracking David Winters' Wintergreen Advisors Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to David Winters' Wintergreen Advisors US long stock portfolio as of Q1 2013. For a look at how his portfolio has progressed, see our previous update:

Wintergreen's portfolio vaulted around 19% this quarter from $759M to $906M. There were several minor stake increases: Canadian Natural Resources (CNQ), Coca Cola (KO), and Franklin Resources (BEN) were all upped incrementally and they now account for 10.73%, 9.04%, and 12.91% of this heavily concentrated portfolio. The only new position is a very small 0.63% stake in Boeing (BA). The other major activity was adjustments to allocations to tobacco companies which together account for close to 29% of the portfolio: Altria Group (MO) was reduced by around one-fourth while Philip Morris (PM) and Reynolds American (RAI) were incremented by close to 26% and 40% respectively. MO, PM, and RAI now account for 7.92%, 11.85%, and 10.04% of the portfolio respectively.