Seeking Alpha

Tepper makes a number of moves in Q2

  • New positions for David Tepper's Appaloosa Management for the quarter ended June 30 include: AXLL, CBI (both common stock and call options), CCL, HTZ, PGEM, TEX, TRN, WWAV.
  • He upped stakes in a number of previously held names, with the most significant additions being BAC, FLR, FWLT, KBR, and PRU.
  • Among those positions cut, the most significant  moves are: AIG, AAPL, BYD, DLPH, CIM, GM (cashed in almost all warrants), LCC, MSFT, and WFT.
  • He eliminated stakes in MFA, SBY, and TWO.
  • A quick take on the overall picture shows a concern with rising rates considering the big cut in his Chimera stake along with the elimination of his positions in MFA Financial, Silver Bay Realty, and Two Harbors.
  • Sources: 13F filing, StreetInsider.
Comments (4)
    , contributor
    Comments (67) | Send Message
    He might have cut his stake in AAPL too soon.


    Don't understand rationale for cutting AIG.
    14 Aug 2013, 10:10 AM Reply Like
  • jackooo
    , contributor
    Comments (1514) | Send Message
    AIg might be losing BAC lawsuit?
    14 Aug 2013, 11:19 AM Reply Like
  • Keep It Simple
    , contributor
    Comments (470) | Send Message
    He holds way too many names. Diversify enough and you'll get the market average.
    14 Aug 2013, 11:24 AM Reply Like
  • bobbeau
    , contributor
    Comments (10) | Send Message
    This new format is not good.
    15 Aug 2013, 11:54 AM Reply Like
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