U.S. Markets closed

David Tepper Shows Most Recent Picks In 13F

Luke Jacobi

David Tepper, manager of Appaloosa Management is making headlines for the second time this week with picks in his 13F filing.

Top Buys

Facebook (NASDAQ: FB) was initiated in Appaloosa with 478,500 shares.

This position is especially interesting because the recent downturn in social media stocks; positions in the 13F are more than a month old, so it will be interesting to see if Tepper has adjusted his position by the time of the next report.

Expedia (NASDAQ: EXPE) is another hot name that David Tepper added to his portfolio. The Expedia position was opened with 695,837 shares, valued at $50.4 million.

Disney (NYSE: DIS) was one of Teppers largest position increases. The manager added 1.1 million shares to his Disney stake, bringing the total up to 1.38 million and value to $110.2 million.

Tepper may have had bad timing on his General Motors (NYSE: GM) position. He added just under three million shares to the automaker plagued with recalls this quarter. General Motors was the most held stock by hedge funds last quarter. It will be interesting to see if this trend continued for the most recent quarter.

Google (NASDAQ: GOOG) was increased by 86.8 percent in Appaloosa’s portfolio. This almost doubling is not because of the stock split; the split occurred after the end of the quarter.


Tepper’s Verizon Wireless (NYSE: VZ) exit is drawing a lot of attention. This is not because the stock is especially hot, but because Warren Buffett and Dan Loeb added Verizon shares to their portfolios.

MGM (NYSE: MGM) was reduced by almost three million shares to 3.6 million. This cut is likely the result of profit taking; the stock rose almost 13 percent during the first three months of the year. Since then shares have fallen roughly eight percent.

Other notable position changes include complete liquidations in Carnival (NYSE: CCL) and Community Health (NYSE: CYH).

In addition, the fund’s Qualcomm (NASDAQ: QCOM) was significantly cut.

Related Links

© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.