Tepper's Appaloosa Cutting Bank Stock Exposure, Shows New Positions In Mosaic (MOS), Western Refining (WNR)

David Tepper's Appaloosa Management hedge fund released its 13F for the quarter ended June 30, 2011 this afternoon. The filing was a bit earlier than expected, maybe on speculation earlier that Tepper sold out of his Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) stakes.

The data from the filing suggests that he was trimming his banks stakes over the last quarter. Since the end of the June, he may have continued selling these bank stocks and completely got out. So his actions jive with today's reports.

Notably, Tepper also showed new stakes in Mosaic Company (NYSE: MOS) and Western Refining (NYSE: WNR). He also raised his Valero Energy Corp. (NYSE: VLO) stake sharply.

New Stakes
Alpha Natural Resources, Inc. (NYSE: ANR) new 45,700 share position
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) new 366,762 share position
Cliffs Natural Resources (NYSE: CLF) new 20,400 share position
General Motors (NYSE: GM) new 173,367 share position
Google, Inc. (NASDAQ: GOOG) new 90,000 share position
Mosaic Company (NYSE: MOS) new 2,390,027 share position
Walter Energy, Inc. (NYSE: WLT) new 8,800 share position
Western Refining (NYSE: WNR) new 2,798,374 share position

Raised Stakes
Beazer Homes USA, Inc. (NYSE: BZH) raised from 1,367,679 shares to 2,652,840 shares
CVR Energy (NYSE: CVI) raised from 1,556,374 shares to 7,334,534 shares
Holly Corp. (NYSE: HOC) raised from 46,578 shares to 555,479 shares
Marathon Oil Corp. (NYSE: MRO) raised from 250,000 shares to 704,000 shares
Masco Corp. (NYSE: MAS) raised from 394,614 shares to 2,472,196 shares
Micron Technology, Inc. (NASDAQ: MU) raised from 12,202,840 shares to 14,531,650 shares
Mueller Water Products (NYSE: MWA) raised from 9,322,792 shares to 11,230,822 shares
Tesoro Corp. (NYSE: TSO) raised from 400,000 shares to 1,530,211 shares
Valero Energy Corp. (NYSE: VLO) raised from 2,564,890 shares to 7,762,004 shares

Lowered Stakes
AMR Corp. (NYSE: AMR) lowered from 5,799,104 shares to 5,625,104 shares
Applied Materials, Inc. (NASDAQ: AMAT) lowered from 7,944,085 shares to 6,549,085 shares
Bank of America Corp. (NYSE: BAC) lowered from 17,215,849 shares to 10,000,000 shares
Brunswick Corp. (NYSE: BC) lowered from 959,743 shares to 161,567 shares
CF Industries Holdings (NYSE: CF) lowered from 930,196 shares to 867,496 shares
Citigroup, Inc. (NYSE: C) lowered from 7,661,685 shares to 7,201,841 shares
Con-Way (NYSE: CNW) lowered from 900,000 shares to 553,902 shares
Dean Foods Co. (NYSE: DF) lowered from 13,119,145 shares to 9,037,628 shares
Delta Air Lines (NYSE: DAL) lowered from 3,592,656 shares to 3,484,656 shares
D.R. Horton, Inc. (NYSE: DHI) lowered from 1,119,740 shares to 1,053,240 shares
Fifth Third Bancorp (NASDAQ: FITB) lowered from 3,306,006 shares to 3,106,826 shares
Goodyear Tire & Rubber Co. (NYSE: GT) lowered from 15,248,003 shares to 13,999,151 shares
Goodyear Tire & Rubber Co. (NYSE: GT) lowered from 15,248,003 shares to 200,000 shares
Hewlett-Packard Company (NYSE: HPQ) lowered from 6,330,726 shares to 2,863,268 shares
International Paper Co. (NYSE: IP) lowered from 5,738,512 shares to 5,097,067 shares
KB Home (NYSE: KBH) lowered from 1,388,900 shares to 1,305,400 shares
Kla-Tencor Corp (NASDAQ: KLAC) lowered from 1,599,067 shares to 1,330,567 shares
Lam Research Corp (NASDAQ: LRCX) lowered from 1,379,186 shares to 1,137,286 shares
Macys (NYSE: M) lowered from 6,712,625 shares to 6,312,625 shares
Manitowoc Co. (NYSE: MTW) lowered from 238,615 shares to 197,372 shares
Medtronic, Inc. (NYSE: MDT) lowered from 1,536,057 shares to 1,444,057 shares
Merck & Co., Inc. (NYSE: MRK) lowered from 2,248,120 shares to 2,113,620 shares
MetLife, Inc. (NYSE: MET) lowered from 1,500,000 shares to 1,410,100 shares
Microsoft Corp (NASDAQ: MSFT) lowered from 4,781,911 shares to 3,943,911 shares
MPG Office Trust (NYSE: MPG) lowered from 4,712,361 shares to 4,701,861 shares
Navistar International (NYSE: NAV) lowered from 691,008 shares to 650,308 shares
Pfizer, Inc. (NYSE: PFE) lowered from 15,419,502 shares to 14,495,002 shares
Pulte Group (NYSE: PHM) lowered from 1,637,112 shares to 1,538,012 shares
SunTrust Banks, Inc. (NYSE: STI) lowered from 1,460,899 shares to 1,373,099 shares
SuperMedia, Inc. (NASDAQ: SPMD) lowered from 434,764 shares to 415,964 shares
Temple-Inland, Inc. (NYSE: TIN) lowered from 1,244,036 shares to 1,170,036 shares
Teledyne Technologies, Inc. (NYSE: TDY) lowered from 3,117,688 shares to 2,665,172 shares
Hartford Financial Services Group, Inc. (NYSE: HIG) lowered from 946,917 shares to 890,017 shares
Ryland Group, Inc. (NYSE: RYL) lowered from 198,100 shares to 186,100 shares
United Continental Holdings (NYSE: UAL) lowered from 5,737,753 shares to 5,565,753 shares
UnitedHealth Group, Inc. (NYSE: UNH) lowered from 1,410,399 shares to 1,326,099 shares
US Airways Group, Inc. (NYSE: LCC) lowered from 12,447,139 shares to 12,281,639 shares
Wells Fargo & Co. (NYSE: WFC) lowered from 3,091,560 shares to 2,906,860 shares
Yahoo, Inc. (NASDAQ: YHOO) lowered from 2,193,644 shares to 2,063,644 shares

Liquidated Stakes
Banco Santander S.A. ADS (NYSE: STD) liquidated
Fortune Brands, Inc. (NYSE: FO) liquidated
Morgans Hotel Group Co. (NASDAQ: MHGC) liquidated
Newcastle Investment Corp. (NYSE: NCT) liquidated
Smurfit-Stone Container (NYSE: SSCC) liquidated

Maintained Stakes
Apple, Inc. (NASDAQ: AAPL) maintained 200,000 share stake

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