David Tepper’s Appaloosa adds AMD, Apple, exits Walt Disney, Tesla
During Q2, David Tepper’s Appaloosa Management took new positions in Advanced Micro Devices (NASDAQ:AMD) with 2.31M shares, Apple (NASDAQ:AAPL) with 480K shares, Intel (NASDAQ:INTC) with 6.78M shares, and Qualcomm (NASDAQ:QCOM) with 1.85M shares, the hedge fund disclosed on Monday in a 13F filing.
The firm boosted its holdings in Alibaba (NYSE:BABA) to 4.48M shares from 100K shares, Amazon (NASDAQ:AMZN) to 3.16M shares from 2M shares, Meta Platforms (NASDAQ:META) to 1.50M shares from 700K shares,
Reduced stakes in EQT (NYSE:EQT) to 2.06M shares from 2.55M shares, and Macy’s (NYSE:M) to 5M shares from 6M shares.
Exited its stakes in Salesforce (NYSE:CRM), Walt Disney (NYSE:DIS) and Tesla (NASDAQ:TSLA).
In Q1, Appaloosa started new stakes in Fedex, Nvidia and Tesla.