David Tepper's Latest Investment Moves with Tech and Airlines
New Investment Positions Revealed
The Appaloosa hedge fund, headed by David Tepper, has refreshed its portfolio with notable new investments during the latest quarter. This diversification includes major stakes in technology and aviation sectors, showcasing the fund's strategic positioning in response to market dynamics.
Diverse Portfolio Changes
In the latest filings, it was revealed that Appaloosa has made substantial investments in several companies. Notably, these include:
- Intel Corp INTC
- RTX Corp RTX
- IQVIA Holdings IQV
- United Airlines Holdings UAL
- Delta Air Lines DAL
- Whirlpool Corporation WHR
- Goodyear Tire & Rubber GT
- Mohawk Industries MHK
Significant Bets on Intel and Airlines
Among these strategic investments, Intel stands out as a significant commitment for Tepper, with a reported eight million share stake. The fund’s positioning in the airline industry is also noteworthy, as it recently expanded its holdings in both Delta Air Lines and United Airlines.
Exits from Major Holdings
Alongside new investments, the hedge fund made noteworthy exits from some prominent positions. This includes an exit from put options on some of the largest and most valuable enterprises:
- SPDR S&P 500 Fossil Fuel Reserves Free ETF SPYX put options
- Apple Inc AAPL put options
- Wynn Resorts WYNN
- Las Vegas Sands LVS
- Broadcom Inc AVGO
- VanEck Semiconductor ETF SMH put options
Changes to Existing Positions
The report also highlighted adjustments to some existing stock holdings. The significant percentage increases in specific stocks reflect Tepper’s ongoing strategy to capitalize on market conditions:
- UnitedHealth Group UNH: +1,300%
- Block Inc XYZ: +756%
- NVIDIA Corp NVDA: +483%
- Taiwan Semiconductor TSM: +280%
- Micron Technology MU: +106%
Reduction in Other Holdings
While increasing stakes in sectors like technology, Appaloosa also made reductions in existing positions. The notable decreases included:
- iShares China Large Cap ETF FXI: -82%
- Oracle Corp ORCL: -79%
- PDD Holdings PDD: -54%
- Meta Platforms META: -27%
- Alphabet Inc GOOG: -25%
- Alibaba Group BABA: -23%
- Vistra Corp VST: -22%
- KE Holdings BEKE: -21%
Conclusion
David Tepper's hedge fund reveals a calculated approach with diversified investments aimed at capitalizing on tech and airline opportunities while strategically reducing exposure to certain holdings. As the market evolves, it will be interesting to see how these positions evolve in the future.
Frequently Asked Questions
What new companies did Appaloosa invest in?
Appaloosa's hedge fund invested in companies like Intel Corp, RTX Corp, IQVIA Holdings, and United Airlines among others.
Which company became the largest stake for Tepper?
Intel Corp, with an eight million share stake, became one of the largest bets within the fund.
What stocks did Appaloosa exit in the second quarter?
Appaloosa exited specific positions including put options on Apple Inc and the SPDR S&P 500 Fossil Fuel Reserves Free ETF.
How did Appaloosa adjust existing positions in its portfolio?
There were significant increases in holdings for UnitedHealth Group and Block Inc, indicating Tepper's confidence in these companies.
What were the notable decreases in holdings for Appaloosa?
Appaloosa cut back on investments in iShares China Large Cap ETF, Oracle, and Alibaba Group among others.
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