2023-11-14 17:00:10 ET
Appaloosa LP, the hedge fund founded by David Tepper, reduced its weighting in technology stocks by more than any other industry during Q3, according to the firm's latest 13F filing.
During the quarter, it exited its holdings in Apple ( NASDAQ: AAPL ), Marvell Technology ( NASDAQ: MRVL ) and Broadcom ( NASDAQ: AVGO ).
It boosted its stakes in Meta Platforms ( NASDAQ: META ) to 1.95M shares from 1.50M shares, and Microsoft ( NASDAQ: MSFT ) to 1.64M shares from 1.24M shares.
Among some of its reduced positions include Qualcomm ( NASDAQ: QCOM ), to 1.30M from 1.85M, and Alibaba ( NYSE: BABA ), to 3.60M from 4.48M, the filing showed.
More on 13F Filings
- Michael Burry closes out broad market shorts, bets against semis
- Tiger Global takes new stakes in Alibaba, Doordash, exits DLocal in Q3
- Druckenmiller's Duquesne takes new stakes in Alibaba, Alphabet; exits Meta
For further details see:
David Tepper's Appaloosa exits Apple, Marvell, Broadcom in Q3