Hedge fund holds onto stakes in Uber, AMD, and Micron Technology
- Tepper’s Appaloosa Management hedge fund increased its stake in Amazon and Google
- The fund dumped its stake in Apple and Broadcom
- Appaloosa maintained stakes in Uber, Micron Technology, Nvidia, FedEx, and UnitedHealth Group
David Tepper’s Appaloosa Management hedge fund has made some significant changes to its portfolio. The fund increased its stake in Amazon and Google, while dumping its stake in Apple and Broadcom. It also maintained its stakes in Uber, AMD, and Micron Technology, among others. These moves reflect Tepper’s confidence in the future prospects of certain companies and his decision to divest from others.
Factuality Level: 8
Factuality Justification: The article provides factual information about David Tepper’s Appaloosa Management hedge fund raising its stake in Amazon.com Inc. and dropping its stake in Apple Inc. The information is based on a filing with the Securities and Exchange Commission. The article also mentions the fund’s increased stakes in other companies and the reduction of stakes in some companies. The information provided is specific and verifiable.
Noise Level: 3
Noise Justification: The article provides information about David Tepper’s hedge fund, Appaloosa Management, raising its stake in Amazon and dropping its stake in Apple. It also mentions changes in the fund’s stakes in other companies. However, the article lacks analysis, evidence, or insights into the implications of these actions. It is a straightforward report of the changes in the fund’s holdings.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information about changes in the holdings of David Tepper’s Appaloosa Management hedge fund, which could potentially impact the stock prices of the companies mentioned.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses changes in the holdings of a hedge fund and their impact on specific companies.
Public Companies: Amazon.com Inc. (AMZN), Apple Inc. (AAPL), Google parent Alphabet Inc. (GOOGL), Facebook parent Meta Platforms Inc. (META), Microsoft Corp. (MSFT), Caesars Entertainment Inc. (CZR), Broadcom Inc. (AVGO), Advanced Micro Devices Inc. (AMD), Alibaba Group Holding Ltd. (BABA), Qualcomm Inc. (QCOM), Taiwan Semiconductor Manufacturing Co. (TSM), Intel Corp. (INTC), Uber Technologies Inc. (UBER), Micron Technology (MU), Nvidia Corp. (NVDA), FedEx Corp. (FDX), UnitedHealth Group Inc. (UNH)
Key People: David Tepper (Founder of Appaloosa Management)
Reported publicly:
www.marketwatch.com 
