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Tepper Sells His Apple Position in Q1: Danger Ahead?

Sarah Sands
Tepper Sells His Apple Position in Q1: Danger Ahead?

Billionaire investor David Tepper’s largest holdings suggest his company, Appaloosa Management, has an optimistic view on the technology sector (XLK). Appaloosa’s top sells in the first quarter were Apple (AAPL), the PowerShares QQQ ETF (QQQ), the iShares MSCI Emerging Markets ETF (EEM), the Financial Select Sector SPDR ETF (XLF), and Energy Select Sector SPDR ETF (XLE) call options, changing its holdings by 7.2%, 7.1%, 4.0%, 2.5%, and 1.4%, respectively.