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David Tepper is a value oriented hedge fund manager and founder of Appaloosa Management, with 4.0 billion assets under management. Within the second quarter of the year, Tepper bought eight companies and increased 11 positions. Mosaic (NYSE:MOS), CVR Energy (NYSE:CVI) and Valero Energy (NYSE:VLO) are the buys with biggest change to the portfolio. He sold and reduced 42 stock positions of which Hewlett-Packard (NYSE:HPQ) was the position with the largest influence for the portfolio. Here are the biggest portfolio weighted buys and sells:

Buys:

Mosaic was new initiated. Total change to portfolio: 4.05 percent.

CVR Energy was increased by 371.26 percent. Total change to portfolio: 3.56 percent.

Valero Energy was increased by 202.63 percent. Total change to portfolio: 3.33 percent.

Sells:

Hewlett Packard was reduced by 54.77 percent. Total change to portfolio: 3.16 percent.

Bank of America (NYSE:BAC) was reduced by 41.91 percent. Total change to portfolio: 1.98 percent.

Dean Foods (NYSE:DF) was reduced by 31.11 percent. Total change to portfolio: 1.26 percent.

David Tepper’s biggest sector allocation is focused on Materials (19.76 percent), Financials (18.12 percent) and Information Technology (17.12 percent).

Here are David Tepper’s biggest portfolio holdings as of Q2/2011 with fundamental details:

1. Citigroup (NYSE:C) is a money center bank. The company has a market capitalization of USD 91.3 billion, generates revenues in an amount of USD 74.9 billion and a net income of USD 9.8 billion. Its trailing P/E ratio is 9.50 and forward price to earnings ratio 6.2, Price/Sales 1.2 and Price/Book ratio 0.5. Dividend Yield: 0.1 percent. Years of Consecutive Dividend Increasing: 0 Years. 5-Year Dividend Growth: 0 percent. The company paid dividends since 1986. Portfolio weighting: 7.51 percent.

2. Pfizer (NYSE:PFE) is a drug manufacturer. The company has a market capitalization of USD 143.1 billion, generates revenues in an amount of USD 67.2 billion and a net income of USD 5.6 billion. Its trailing P/E ratio is 17.14 and forward price to earnings ratio 8.0, Price/Sales 2.1 and Price/Book ratio 11.4. Dividend Yield: 4.4 percent. Years of Consecutive Dividend Increasing: 0 Years. 5-Year Dividend Growth: -0.9 percent. The company paid dividends since 1901. Portfolio weighting: 7.47 percent.

3. Goodyear Tire & Rubber (NASDAQ:GT) manufactures rubber and plastics. The company has a market capitalization of USD 3.4 billion, generates revenues in an amount of USD 21.1 billion and a net loss of USD 54.0 million. Its trailing forward price to earnings ratio is 6.1, Price/Sales 0.2 and Price/Book ratio 2.3. Dividend Yield: 0 percent. Years of Consecutive Dividend Increasing: 0 Years. 5-Year Dividend Growth: 0 percent. The company paid dividends between 1991-2002. Portfolio weighting: 5.88 percent.

Take a closer look at David Tepper’s full portfolio. He held 58 stocks with a portfolio worth of USD 3,995,119,000.

Source: A Look at David Tepper's 3 Biggest Portfolio Holdings in Q2