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Finally, A Hedge Fund Manager Who Bought More Apple

Julia La RocheFeb 15, 2013, 03:28 IST

Hedge fund manager David Tepper, the founder of Appaloosa Management, added to his Apple position during the fourth quarter, according to a 13F filing with the SEC.

For the fourth quarter ended 12/31/2012, Appaloosa owned 486,476 shares of the tech giant's stock, the filing shows. In the previous quarter, the fund held 347,768 shares of Apple.

Meanwhile, a bunch of big name hedge funds completely exited their Apple positions during the fourth quarter.

Apple's stock has been a hedge fund favorite.