13-F Alert: Tepper's Appaloosa Management Adds to Apple; Buys Freeport and Transocean, Sells Macy's and JetBlue

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David Tepper's hedge fund Appaloosa Management released its 13-F filing on Thursday after the market close detailing the firms long equity positions as of December 31, 2012. Appaloosa, like many of its hedge fund counterparts, has a large position in American International Group
AIG
, valued at roughly $214 million. The hedge fund also added to its position in Apple
AAPL
despite the fact that other hedge funds were selling in the fourth-quarter. The firm added roughly 400,000 Apple shares during the last quarter, and the position is now valued at around $486 million. Appaloosa continued to show a large stake in chip-maker Broadcom
BRCM
, valued at around $114 million. Among the firm's other large positions were Citigroup
C
, Goodyear Tire & Rubber
GT
, Qualcomm
QCOM
, the SPDR S&P 500 ETF
SPY
. Appaloosa also had a large stake in both United Continental Holdings
UAL
and US Airways Group
LCC
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. Those stakes were valued at $213 million and $163 million, respectively. Among the new stakes that Appaloosa was showing in the fourth-quarter was global mining company Freeport-McMoran
FCX
. The firm purchased around 520,000 shares valued at around $18 million. Appaloosa was also showing a $67 million new investment in oil driller Transocean
RIG
. Among the stocks that Appaloosa liquidated in the quarter were JetBlue
JBLU
, Morgan Stanley
MS
and Macy's
M
.
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Posted In: Hedge FundsMovers & ShakersGeneralAppaloosa ManagementConsumer DiscretionaryDavid TepperDepartment Stores
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