The $18 billion hedge fund manager, who run his shop from the Short Hills shopping mall in NJ, and acquires $45 million beach homes in the Hamptons, only to tear them down to build bigger ones, has revealed some big bets in some distressed energy stocks.
According to the fund’s latest 13-F filing made on Friday, Tepper bought 9.4 million shares of energy company Kinder Morgan, whose shares are roughly flat this year even as commodity prices have fallen. The fund bought 4.3 million shares of natural gas and oil exploration company Southwestern Energy Co. who’s shares have climbed 25 percent this year.
He also bought 2.3 million shares of Williams Partners LP, which has tumbled 50 percent, and added 3.5 million shares of natural resource company Freeport-McMoRan, whose stock has dropped 18 percent this year.
Say what you want about Tepper, he’s proven to be one heck of a trader. I like these plays running into strong seasonality for the industry, post apocalypse.
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Easy to take such bets with Tepper’s crazy deep pockets and long term perspective. Mere mortals have to be a little more cautious.
Also, has the apocalypse actually happened yet? If not, he will be early, and therefore wrong.
Well I’ll be verdamme ! I was buying KMI around the same time. …
Isn’t this his holding at the end of Q4? Until and unless he has been buying more here.
Although Tepper has no more of a crystal ball on the markets than anyone else, oil has dropped so much so fast, that the probabilities are that it has bottomed or is near to a bottom here.
No one’s always right. But it makes sense to play high probability trades– so that, on average, they should bank coin.
Wasn’t Tepper making some noise in the solar space a little while back involving SUNE?
uh.. i’m long KMI and FCX lolz
Dear Fly,
I like your Posts . These days too many posts. I am not sure which one to take more seriously . Some times i think site became like CNBC. I like OA Posts , very nice and right to the point . If you read some of the visitors posts , they are saying the similar things. Love your work and your are More open than any body else here .
Dear will,
First, get your mind right. Let fly be le fly. He is likely one thousand years older than you at least? Second, what are you even talking about? You love the work just want less of it, and or to be more like OA posts?
Dear will,
You should be banned as a heretic.
Your pal,
Zheeeem
Alright . Lets fly be fly. Fly has own style. Every body style is different .
Heresy will not be tolerated here, Will.
I am not like the others. I consume and produce information on an industrial scale. For many years, I’ve cordoned off my views to my small world. Now I’ve opened the flood gates to give my views on a much wider spectrum of topics, in order to expand the site beyond its natural borders.
Oh Ok, .. I have been following you for 3 years now .. Fan of yours . Now i see the direction .. Thanks
Tepper is playing the QE global growth game ala 2009. Japan and ECB give us more QE in March or earlier from BoJ and the speculators go buy commodities on the hopes of a world growing and inflation. When are the central banks going to give up and just fail at all of this? Getting So Boring.
Do you ever go long equity names as a hedge?
My Biotech Hedge was bought out by other drug company. Gold has been my hedge in my attempt to short basic metals, china and the eur/usd. In 2008 I really had the rug pulled out cuz I couldn’t understand why good companies went down. I had to studied this Bubble from formation until destruction.
Nice, congrats. Thank you for the feedback.
http://www.bloomberg.com/news/articles/2016-02-14/yen-holds-retreat-with-asian-stocks-outside-china-set-to-rebound
guy calls for globally coordinated infrastructure spending……Canada will announce its Budget the week of March 21st… deficit spending earmarked for infrastructure is a done deal the Q is just how bold will they be…..
…take a look at X or AA or XLB or the XME……maybe its just a counter trend rally 🙂
Global infrastructure spending? That is interesting. Didn’t see it in the link?
Moosh you have to watch the interview it isn’t in the text