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Tepper's Appaloosa Sells Stocks In a Big Way; Completely Out of BofA (BAC) and Wells Fargo (WFC), Sells Citi (C)

November 14, 2011 4:06 PM EST Send to a Friend
David Tepper's Appaloosa Management released its 13F for the quarter ended 09/30/2011.

The fund exited stocks in a big way. The firm had 50 positions worth $1.54 billion at the end of the quarter versus 72 positions worth $4.2 billion at June 30.

Notably, the firm lowered its stake in Citigorup (NYSE: C), and completely sold its stakes in Pfizer Inc. (NYSE: PFE), Bank of America (NYSE: BAC) and Wells Fargo & Co (NYSE: WFC)

New Stakes
BP PLC ADS (NYSE: BP) new 157,227 share position
Dana Holding (NYSE: DAN) new 46,173 share position
E*Trade Financial Corporation (NASDAQ: ETFC) new 1,181,770 share position
HollyFrontier (NYSE: HFC) new 1,599,244 share position

Raised Stakes
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) raised from 366,762 shares to 1,333,893 shares

Lowered Stakes
AMR Corp. (NYSE: AMR) lowered from 5,625,104 shares to 4,281,293 shares
Apple, Inc. (NASDAQ: AAPL) lowered from 200,000 shares to 38,119 shares
Applied Materials, Inc. (NASDAQ: AMAT) lowered from 6,549,085 shares to 4,144,385 shares
Beazer Homes USA, Inc. (NYSE: BZH) lowered from 2,652,840 shares to 1,791,962 shares
CF Industries Holdings (NYSE: CF) lowered from 867,496 shares to 539,996 shares
Citigroup, Inc. (NYSE: C) lowered from 7,201,841 shares to 2,519,761 shares
CVR Energy (NYSE: CVI) lowered from 7,334,534 shares to 6,309,568 shares
Dean Foods Co. (NYSE: DF) lowered from 9,037,628 shares to 7,928,222 shares
Delta Air Lines (NYSE: DAL) lowered from 3,484,656 shares to 2,856,389 shares
Goodyear Tire & Rubber Co. (NYSE: GT) lowered from 13,999,151 shares to 10,762,142 shares
Google, Inc. (NASDAQ: GOOG) lowered from 90,000 shares to 51,311 shares
International Paper Co. (NYSE: IP) lowered from 5,097,067 shares to 3,316,483 shares
KB Home (NYSE: KBH) lowered from 1,305,400 shares to 878,409 shares
Kla-Tencor Corp (NASDAQ: KLAC) lowered from 1,330,567 shares to 1,034,534 shares
Lam Research Corp (NASDAQ: LRCX) lowered from 1,137,286 shares to 905,616 shares
Macys (NYSE: M) lowered from 6,312,625 shares to 3,286,543 shares
Masco Corp. (NYSE: MAS) lowered from 2,472,196 shares to 2,139,024 shares
Micron Technology, Inc. (NASDAQ: MU) lowered from 14,531,650 shares to 8,785,444 shares
Microsoft Corp (NASDAQ: MSFT) lowered from 3,943,911 shares to 1,711,926 shares
MPG Office Trust (NYSE: MPG) lowered from 4,701,861 shares to 4,526,862 shares
Mueller Water Products (NYSE: MWA) lowered from 11,230,822 shares to 10,552,356 shares
Navistar International (NYSE: NAV) lowered from 650,308 shares to 532,994 shares
Pulte Group (NYSE: PHM) lowered from 1,538,012 shares to 1,115,812 shares
SuperMedia, Inc. (NASDAQ: SPMD) lowered from 415,964 shares to 289,764 shares
Temple-Inland, Inc. (NYSE: TIN) lowered from 1,170,036 shares to 383,336 shares
Teledyne Technologies, Inc. (NYSE: TDY) lowered from 2,665,172 shares to 1,663,910 shares
Tesoro Corp. (NYSE: TSO) lowered from 1,530,211 shares to 1,104,424 shares
Mosaic Company (NYSE: MOS) lowered from 2,390,027 shares to 737,000 shares
Ryland Group, Inc. (NYSE: RYL) lowered from 186,100 shares to 135,268 shares
United Continental Holdings (NYSE: UAL) lowered from 5,565,753 shares to 4,011,253 shares
US Airways Group, Inc. (NYSE: LCC) lowered from 12,281,639 shares to 9,291,039 shares
Valero Energy Corp. (NYSE: VLO) lowered from 7,762,004 shares to 5,558,808 shares
Western Refining (NYSE: WNR) lowered from 2,798,374 shares to 2,039,872 shares

Liquidated Stakes
Alpha Natural Resources, Inc. (NYSE: ANR) liquidated
Bank of America Corp. (NYSE: BAC) liquidated
Brunswick Corp. (NYSE: BC) liquidated
Cliffs Natural Resources (NYSE: CLF) liquidated
Con-Way (NYSE: CNW) liquidated
D.R. Horton, Inc. (NYSE: DHI) liquidated
Fifth Third Bancorp (NASDAQ: FITB) liquidated
General Motors (NYSE: GM) liquidated
Hewlett-Packard Company (NYSE: HPQ) liquidated
Holly Corp. (NYSE: HOC) liquidated
Manitowoc Co. (NYSE: MTW) liquidated
Marathon Oil Corp. (NYSE: MRO) liquidated
Medtronic, Inc. (NYSE: MDT) liquidated
Merck & Co., Inc. (NYSE: MRK) liquidated
MetLife, Inc. (NYSE: MET) liquidated
Pfizer, Inc. (NYSE: PFE) liquidated
SunTrust Banks, Inc. (NYSE: STI) liquidated
Hartford Financial Services Group, Inc. (NYSE: HIG) liquidated
UnitedHealth Group, Inc. (NYSE: UNH) liquidated
Walter Energy, Inc. (NYSE: WLT) liquidated
Wells Fargo & Co. (NYSE: WFC) liquidated
Yahoo, Inc. (NASDAQ: YHOO) liquidated

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13Fs, Hedge Funds

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Citi, Bank of America, Appaloosa Management, Wells Fargo, Temple-Inland/International Paper

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