- Appaloosa Fund's equity holdings stood at $4.049B as of year-end, down from $9.058B at the end of Q1 2014, according to Whalewisdom.com. Among the stakes cut back in Q4 were those in Citibank (C -0.4%), Halliburton (HAL -0.3%), Facebook (FB +1.2%), and CBS Corp. (CBS -0.3%).
- The big drop doesn't necessarily mean Tepper's turning bearish on U.S. stocks, but instead it was reported late last year of his intention to return up to $4B in capital to investors in an effort to maintain an optimum size for the fund.
- 13F
- Previously: David Tepper returning billions to investors after tough year (Nov. 25, 2014)