Appaloosa’s latest 13-F is out.David Tepper has long been bullish on financials but in the last quarter the biggest single decrease in holdings in a certain sector was in his financial stock — there was a 15% drop in those holdings.
Citi remains his top holding but he reduced his stake by a huge 4 million shares to a stake worth about $340 million. (Note: Steve Mandel’s Lone Pine also dumped Citi and financials.) He also dumped about 7 million Bank of America shares.
Meanwhile Pfizer has gone to second spot, HP has moved into third and Bank of America is fourth.
Here are Tepper’s top 10 holdings:
- Hewlett Packard
- International Paper
- Micron Tech
- United Continental