David Tepper’s 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 increased its Amazon
AMZN,
+2.25%
stake to 3.75 million shares from 3.16 million shares in August. Tepper raised his stake in Google parent Alphabet Inc.
GOOGL,
+1.16%
to 2.75 million shares from 2.31 million and raised his stake in Facebook parent Meta Platforms Inc.
META,
+2.16%
to 1.95 million shares from 1.5 million previously.
The fund raised its stake in Microsoft Corp.
MSFT,
+0.98%
to 1.65 million shares from 1.24 million and increased its stake in Caesars Entertainment Inc.
CZR,
+8.20%
to 1.53 million shares from 1.24 million.
The fund dumped its 480,000-share stake in Apple
AAPL,
+1.43%,
as well as a 120,000-share stake in Broadcom Inc.
AVGO,
+2.75%.
It trimmed its Advanced Micro Devices Inc.
AMD,
+2.65%
stake to 2.28 million shares from 2.31 million in August, while reducing its stake in Alibaba Group Holding Ltd.
BABA,
+1.96%
to 3.6 million shares from $4.48 million.
The fund lowered its stake in Qualcomm Inc.
QCOM,
+2.83%
to 1.3 million shares from 1.85 million previously. It lowered its stake in Taiwan Semiconductor Manufacturing Co.
TSM,
+2.58%
to 1 million shares from 1.78 million and cut its stake in Intel Corp.
INTC,
+3.09%
to 6.25 million shares from 6.78 million previously.
Appaloosa maintained stakes in Uber Technologies Inc.
UBER,
+3.14%
at 7.25 million shares and held onto about 1.4 million Micron Technology shares
MU,
+3.20%,
about 1.03 million Nvidia Corp. shares
NVDA,
+2.13%,
about 650,000 FedEx Corp. shares
FDX,
+3.58%
and about 200,000 UnitedHealth Group Inc.
UNH,
-0.39%
shares.
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