- Billionaire investor David Tepper made some big trades in his $1.3 billion stock portfolio last quarter.
- Tepper trimmed his stake in Meta Platforms by 34% and initiated a new position in Disney.
- These were the top 10 holdings of Tepper's Appaloosa Management as of last quarter.
Billionaire investor David Tepper made some big trades in his $1.3 billion Appaloosa stock portfolio last quarter, according to 13F filings with the SEC this week.
Tepper said he was shorting the stock market heading into 2023 because of the hawkish Federal Reserve, but that didn't stop him from owning a concentrated portfolio of 24 stocks.
Some of the big trades by Tepper last quarter included trimming his stake in Meta Platforms by 34%, boosting his stakes in Chesapeake Energy, Salesforce, and Uber, and initiating a new $26 million position in Disney.
These were the top 10 holdings of David Tepper's Appaloosa Management at the end of the fourth quarter.
10. HCA Healthcare
Ticker: HCA
Market Value: $43.8 million
Percent of Portfolio: 3.25%
Change in Shares: +107,500 (+143%)
9. Microsoft
Ticker: MSFT
Market Value: $56.4 million
Percent of Portfolio: 4.18%
Change in Shares: No Change
8. Meta Platforms
Ticker: META
Market Value: $69.2 million
Percent of Portfolio: 5.13%
Change in Shares: -300,000 (-34%)
7. UnitedHealth Group
Ticker: UNH
Market Value: $79.5 million
Percent of Portfolio: 5.90%
Change in Shares: No Change
6. EQT Corporation
Ticker: EQT
Market Value: $86.3 million
Percent of Portfolio: 6.40%
Change in Shares: +25,000 (0%)
5. Energy Transfer LP
Ticker: ET
Market Value: $121.1 million
Percent of Portfolio: 8.98%
Change in Shares: No Change
4. Macy's
Ticker: M
Market Value: $122.9 million
Percent of Portfolio: 9.11%
Change in Shares: -50,000 (0%)
3. Amazon
Ticker: AMZN
Market Value: $126.0 million
Percent of Portfolio: 9.35%
Change in Shares: +50,000 (+3%)
2. Alphabet
Ticker: GOOG
Market Value: $177.0 million
Percent of Portfolio: 13.13%
Change in Shares: No Change
1. Constellation Energy
Ticker: CEG
Market Value: $206.8 million
Percent of Portfolio: 15.34%
Change in Shares: -231,271 (-8%)