David Tepper's 13-F Is Out, And He's Still Loving Financials

David Tepper

Photo: CNBC

Appaloosa’s latest 13F is out and David Tepper is still loving financials; he upped his stake in Citi, BofA and Wells Fargo — and they’re his top three holdings.He also opened new stakes in JP Morgan and Flagstar Bancorp.

Outside of financials, he opened a decent stake in General Motors too.

Apart from a stake in International Paper, Pfizer and Goodyear Tires, Appaloosa’s top 10 holdings are financial or tech-related.

The hedge fund increased its stake in:

  • Citi ~$573 million (added 67,000,000 shares to take stake to ~117 million shares)
  • BoFA ~$370 million (added ~3,000,000 to take stake to ~25 million shares)
  • Wells Fargo¬† ~$352 million (added ~43,000 to take stake to 335,000 shares)

Appaloosa opened stakes in:

  • JPMorgan Chase ~$22 million ( 540,704 shares)
  • Flagstar Bancorp ~5 million (3,050,000 shares)
  • General Motors ~$50 million (1,381,012 shares)

The hedge fund’s top 10 holdings are:

  1. Citi
  2. BofA
  3. Wells Fargo
  4. Pfizer
  5. Hewlett Packard
  6. Wells Fargo
  7. Goodyear
  8. Micron Tech
  9. Microsoft
  10. International Paper

For more 13-F coverage, see here >

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