David Tepper (Appalossa Fund) increased FB posiiton by 650%
The best hedge fund manager in the world reported in Form 13F that his fund increased their position in FB from 478,500 shares to 3,585,329 shares as of 6/31/14. He probably bought at an average price somewhere between $60 and $63. Facebook now represents one of his top 10 stock holdings in the Appalossa Fund. This is a big change from March, when it was his 3rd smallest position in the fund.