David Tepper's Appaloosa Management disclosed in an SEC filing its holdings as of December 31, 2019. The fund's top holdings as of December 31, in order of size, were Alphabet Class C, Facebook, Amazon, Alibaba, and Micron.

My new stock list is heavily international, and partly hedged. Despite being wrong in 2019, in 2020, I’m doubling down on the thesis that there is a good chance of a bear market in the United States this year.

I continue to be very concerned about stock market valuation and expect the correction that started last summer to continue in 2019.

The results of Tuesday’s election are likely to cause more volatility in the stock market no matter what happens, but I feel that we have reached at least a short term pause in the market correction that started in September.