Tepper and the Homebuilders

More 13F stuff.  Guru Focus does a nice job here giving us a glimpse into David Tepper‘s latest positions, he’s really bucking the trend here with the most unloved group I know of, the Homebuilders.

David Tepper of Appaloosa Management is hedge fund manager who specializes in distressed assets and rose to fame and prodigious fortune investing in financials during the credit crisis. Tepper tends to choose stocks in sectors others are fleeing. In 2009 he bought large stakes in banks, betting against popular opinion that the government would nationalize them, which resulted in 132% returns that added $7 billion to his fund. This quarter, he has reduced or sold out of his financial holdings and instead opted for investments in one of the most distressed industries around – home building. In the first quarter of 2011, he bought into KB Homes (KBH), D.R. Horton Inc. (DHI), Pulte Group Inc. (PHM), Beazer Homes USA Inc. (BZH), Ryland Group Inc. (RYL), and Masco Corp. (MAS).

You’re going to want to run over and check out the details of his buys, this is a major contrarian call.

Source:

David Tepper Bucks Trend, Invests in Home Builders (Guru Focus)

Read Also:

13F Patrol: Buffett and Einhorn Announce New Buys (TRB)

What's been said:

Discussions found on the web
  1. fake rolex commented on Sep 18

    … [Trackback]

    […] Here you will find 28558 additional Information to that Topic: thereformedbroker.com/2011/05/18/tepper-and-the-homebuilders/ […]

  2. sex commented on Sep 18

    … [Trackback]

    […] Here you can find 12084 additional Info on that Topic: thereformedbroker.com/2011/05/18/tepper-and-the-homebuilders/ […]

  3. eatverts.com commented on Sep 22

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2011/05/18/tepper-and-the-homebuilders/ […]

  4. td canada easyweb commented on Oct 29

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2011/05/18/tepper-and-the-homebuilders/ […]