Fri, December 13, 2024
Thu, December 12, 2024

Tracking David Tepper's Appaloosa Management Portfolio - Q3 2024 Update

Read here for an analysis of David Tepper's latest investment moves: new stakes, disposals, stake increases, top holdings.

David Tepper's Appaloosa Management made several notable adjustments to its portfolio in the third quarter of 2024. The firm significantly increased its stake in Amazon by 1.5 million shares, bringing its total to 3.5 million shares, reflecting a strong belief in the company's future growth. Appaloosa also added to its positions in Microsoft, Meta Platforms, and Uber Technologies, while initiating new positions in companies like Netflix and Tesla. Conversely, the fund reduced its holdings in Apple, NVIDIA, and Alphabet, and completely exited its positions in Alibaba and Baidu, signaling a strategic shift away from certain Chinese tech giants. Additionally, Appaloosa trimmed its exposure to energy stocks like EQT Corporation and Pioneer Natural Resources. These moves suggest a portfolio rebalance towards technology and consumer discretionary sectors, with a cautious approach to international investments, particularly in China.

Read the Full Seeking Alpha Article at:
https://seekingalpha.com/article/4743746-tracking-david-teppers-appaloosa-management-portfolio-q3-2024-update