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David Tepper has invested in Valeant and dumped Apple

Bob Bryan   

David Tepper has invested in Valeant and dumped Apple
Stock Market1 min read

david tepper

Reuters

David Tepper

According to a filing with the SEC, hedge fund billionaire David Tepper has purchased shares of Valeant Pharmaceuticals in the first quarter while also selling a large number of Apple shares.

Tepper's fund Appaloosa purchased 945,000 shares of the troubled pharmaceutical company worth $24.8 million.

Additionally, Tepper sold off his investment in Apple as the company's shares have sunk.

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