{"id":84623,"date":"2023-11-14T22:45:08","date_gmt":"2023-11-15T03:45:08","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/teppers-appaloosa-dumps-apple-stake-and-loads-up-on-amazons-stock\/"},"modified":"2023-11-14T22:45:09","modified_gmt":"2023-11-15T03:45:09","slug":"teppers-appaloosa-dumps-apple-stake-and-loads-up-on-amazons-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84623","title":{"rendered":"Tepper\u2019s Appaloosa dumps Apple stake and loads up on Amazon\u2019s stock"},"content":{"rendered":"
\n

David Tepper\u2019s Appaloosa Management hedge fund raised its stake in Amazon.com Inc. and dropped its stake in Apple Inc., according to a filing with the Securities and Exchange Commission late Tuesday.<\/p>\n

In the quarterly filing, Appaloosa\u00a0increased its Amazon
\n AMZN,
\n +2.25%<\/bg-quote>
\n stake to 3.75 million shares from 3.16 million shares in August. Tepper raised his stake in Google parent Alphabet Inc.
\n GOOGL,
\n +1.16%<\/bg-quote>
\n to 2.75 million shares from 2.31 million and raised his stake in Facebook parent Meta Platforms Inc.
\n META,
\n +2.16%<\/bg-quote>
\n to 1.95 million shares from 1.5 million previously.<\/p>\n

\n

The fund raised its stake in Microsoft Corp.
\n MSFT,
\n +0.98%<\/bg-quote>
\n to 1.65 million shares from 1.24 million and increased its stake in Caesars Entertainment Inc.
\n CZR,
\n +8.20%<\/bg-quote>
\n to 1.53 million shares from 1.24 million. <\/p>\n

The fund dumped its 480,000-share stake in Apple
\n AAPL,
\n +1.43%<\/bg-quote>,<\/span>
\n as well as a 120,000-share stake in Broadcom Inc.
\n AVGO,
\n +2.75%<\/bg-quote>.<\/span>\n <\/p>\n

It trimmed its Advanced Micro Devices Inc.
\n AMD,
\n +2.65%<\/bg-quote>
\n stake to 2.28 million shares from 2.31 million in August, while reducing its stake in Alibaba Group Holding Ltd.
\n BABA,
\n +1.96%<\/bg-quote>
\n to 3.6 million shares from $4.48 million.<\/p>\n

The fund lowered its stake in Qualcomm Inc.
\n QCOM,
\n +2.83%<\/bg-quote>
\n to 1.3 million shares from 1.85 million previously. It lowered its stake in Taiwan Semiconductor Manufacturing Co.
\n TSM,
\n +2.58%<\/bg-quote>
\n to 1 million shares from 1.78 million and cut its stake in Intel Corp.
\n INTC,
\n +3.09%<\/bg-quote>
\n to 6.25 million shares from 6.78 million previously. <\/p>\n

Appaloosa maintained stakes in Uber Technologies Inc.
\n UBER,
\n +3.14%<\/bg-quote>
\n at 7.25 million shares and held onto about 1.4 million Micron Technology shares
\n MU,
\n +3.20%<\/bg-quote>,<\/span>
\n about 1.03 million Nvidia Corp. shares
\n NVDA,
\n +2.13%<\/bg-quote>,<\/span>
\n about 650,000 FedEx Corp. shares
\n FDX,
\n +3.58%<\/bg-quote>
\n and about 200,000 UnitedHealth Group Inc.
\n UNH,
\n -0.39%<\/bg-quote>
\n shares. <\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

David Tepper\u2019s Appaloosa Management hedge fund raised its stake in Amazon.com Inc. and dropped its stake in Apple Inc., according to a filing with the Securities and Exchange Commission late Tuesday. In the quarterly filing, Appaloosa\u00a0increased its Amazon AMZN, +2.25% stake to 3.75 million shares from 3.16 million shares in August. Tepper raised his stake […]<\/p>\n","protected":false},"author":1,"featured_media":84624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-84623","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nTepper\u2019s Appaloosa dumps Apple stake and loads up on Amazon\u2019s stock | iFintechWorld<\/title>\n<meta name=\"description\" content=\"David Tepper\u2019s Appaloosa Management hedge fund raised its stake in Amazon.com Inc. and dropped its stake in Apple Inc., according to a filing with the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=84623\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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