Below is a spreadsheet that highlights the changes to David Tepper's Appaloosa Management's US long stock portfolio as of Q1
2013. For a look at how his portfolio has progressed, see our previous update:
Tepper increased Apple (AAPL) stake last quarter to his largest position at over 10%. This quarter saw an about-turn as the stake was reduced by almost 50% to a still large 5.07%. With that move, the Citigroup (C) stake has become his largest position although that stake was trimmed this quarter. Other significant moves this quarter include:
a) Reduction of AIG stake by roughly one-third to a 3.56% position,
b) A new 1.46% stake in Comcast Corp. (CMCSA), and
c) Stake elimination of over 1% positions in Oracle (ORCL), Powershares QQQ (QQQ), and Noble Corporation (NE).
Most of the other positions also saw minor adjustments in the quarter. Overall the portfolio increased marginally from $4.6B to $4.7B.
Tepper increased Apple (AAPL) stake last quarter to his largest position at over 10%. This quarter saw an about-turn as the stake was reduced by almost 50% to a still large 5.07%. With that move, the Citigroup (C) stake has become his largest position although that stake was trimmed this quarter. Other significant moves this quarter include:
a) Reduction of AIG stake by roughly one-third to a 3.56% position,
b) A new 1.46% stake in Comcast Corp. (CMCSA), and
c) Stake elimination of over 1% positions in Oracle (ORCL), Powershares QQQ (QQQ), and Noble Corporation (NE).
Most of the other positions also saw minor adjustments in the quarter. Overall the portfolio increased marginally from $4.6B to $4.7B.
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