Tepper's Appaloosa Boosts Bank Bets, Goes For Beaten-Up Tech (C) (MSFT) (WFC) (HPQ) (AMAT)
David Tepper's Appaloosa hedge fund released its 13F for the fourth quarter after the closing bell today.
Notably he raised his stakes in a couple large mega-banks and sees some opportunity in beaten-up tech stocks.
Some notable moves:
- Raised Citigroup (NYSE: C) from 51,250,000 shares to 117,501,357 shares.
- Raised International Paper (NYSE: IP) from 1,938,332 shares to 5,399,622 shares.
- Raised Microsoft (Nasdaq: MSFT) from 2,800,911 shares to 6,040,911 shares.
- Raised Hewlett-Packard (NYSE: HPQ) from 3,723,144 shares to 5,843,144 shares.
- Applied Materiels (Nasdaq: AMAT) from 3,765,483 shares to 9,102,726 shares.
- Wells Fargo (NYSE: WFC) from 6,410,700 shares to 7,460,100 shares.
- New stake in Micron Technology Inc. (NYSE: MU) of 17,764,518 shares.
- New stake in General Motors (NYSE: GM) of 1,381,012 shares.
- New stake in JPMorgan Chase & Co. (NYSE: JPM) of 540,704 shares.
- New stake in Manitowoc Co. Inc. (NYSE: MTW) of 1,201,958 shares.
- New stake in Mueller Water Products, Inc. (NYSE: MWA) of 2,455,169 shares.
- Liquidated WellPoint (NYSE: WLP).
- Liquidated Covidien plc (NYSE: COV).
- Liquidated Becton, Dickinson and Company (NYSE: BDX).
- Liquidated CIGNA Corporation (NYSE: CI).
- Liquidated CNO Financial Group, Inc. (NYSE: CNO).
- Liquidated Dana Holding Corporation (NYSE: DAN).
Tepper filing also disclosed he raised his stakes in Goodyear Tire & Rubber Co. (NYSE: GT) and showed a new Dean Foods Co. (NYSE: DF) stake, however recent 13G filings provided more up-to-date information on these positions.
Top Hedge Fund Trades- FREE TRIAL!
Create E-mail AlertRelated Categories
13FsHedge Funds
Insiders' Blog
Trader Talk
Stocks Mentioned
+0.19
-0.28Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
