Tepper's Appaloosa Goes for Financial ETF (XLF) and Oracle (ORCL); Cuts Airlines and Housing

David Tepper's Appaloosa Management hedge fund released its 13F for the quarter ended December 31, 2011.

Notably the firm showed new stakes in Boston Scientific Corp. (NYSE: BSX), Select Sector SPDR-Financial (NYSE: XLF) and Oracle Corp (NASDAQ: ORCL). The firm significantly lowered its stake in airlines like United Continental Holdings (NYSE: UAL), US Airways Group, Inc. (NYSE: LCC). They were also cutting housing-related stocks like Beazer Homes USA, Inc. (NYSE: BZH), Masco Corp. (NYSE: MAS), KB Home (NYSE: KBH), Pulte Group (NYSE: PHM) and Ryland Group, Inc. (NYSE: RYL).

New Stakes
Boston Scientific Corp. (NYSE: BSX) new 7,797,503 share position
Delphi Automotive PLC (NYSE: DLPH) new 229,236 share position
Select Sector SPDR-Financial (NYSE: XLF) new 2,150,000 share position
Oracle Corp (NASDAQ: ORCL) new 1,218,526 share position

Raised Stakes
Apple, Inc. (NASDAQ: AAPL) raised from 38,119 shares to 181,850 shares

Lowered Stakes
Beazer Homes USA, Inc. (NYSE: BZH) lowered from 1,791,962 shares to 286,614 shares
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) lowered from 1,333,893 shares to 1,288,944 shares
CF Industries Holdings (NYSE: CF) lowered from 539,996 shares to 49,332 shares
CVR Energy (NYSE: CVI) lowered from 6,309,568 shares to 5,004,961 shares
Dean Foods Co. (NYSE: DF) lowered from 7,928,222 shares to 6,178,936 shares
Goodyear Tire & Rubber Co. (NYSE: GT) lowered from 10,762,142 shares to 6,057,224 shares
International Paper Co. (NYSE: IP) lowered from 3,316,483 shares to 728,487 shares
Macys (NYSE: M) lowered from 3,286,543 shares to 742,803 shares
Masco Corp. (NYSE: MAS) lowered from 2,139,024 shares to 145,409 shares
Microsoft Corp (NASDAQ: MSFT) lowered from 1,711,926 shares to 725,350 shares
MPG Office Trust (NYSE: MPG) lowered from 4,526,862 shares to 4,292,354 shares
Mueller Water Products (NYSE: MWA) lowered from 10,552,356 shares to 9,441,736 shares
United Continental Holdings (NYSE: UAL) lowered from 4,011,253 shares to 1,187,901 shares
US Airways Group, Inc. (NYSE: LCC) lowered from 9,291,039 shares to 3,238,217 shares
Valero Energy Corp. (NYSE: VLO) lowered from 5,558,808 shares to 908,161 shares

Liquidated Stakes
AMR Corp. (NYSE: AMR) liquidated
Applied Materials, Inc. (NASDAQ: AMAT) liquidated
BP PLC ADS (NYSE: BP) liquidated
Citigroup, Inc. (NYSE: C) liquidated
Dana Holding (NYSE: DAN) liquidated
Delta Air Lines (NYSE: DAL) liquidated
E*Trade Financial Corporation (NASDAQ: ETFC) liquidated
Google, Inc. (NASDAQ: GOOG) liquidated
HollyFrontier (NYSE: HFC) liquidated
KB Home (NYSE: KBH) liquidated
Kla-Tencor Corp (NASDAQ: KLAC) liquidated
Lam Research Corp (NASDAQ: LRCX) liquidated
Micron Technology, Inc. (NASDAQ: MU) liquidated
Navistar International (NYSE: NAV) liquidated
Pulte Group (NYSE: PHM) liquidated
SuperMedia, Inc. (NASDAQ: SPMD) liquidated
Temple-Inland, Inc. (NYSE: TIN) liquidated
Teledyne Technologies, Inc. (NYSE: TDY) liquidated
Tesoro Corp. (NYSE: TSO) liquidated
Mosaic Company (NYSE: MOS) liquidated
Ryland Group, Inc. (NYSE: RYL) liquidated
Western Refining (NYSE: WNR) liquidated

Maintained Stakes

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