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Aug. 17, 2021, 11:07 a.m. EDT

David Tepper's Appaloosa trims equity holdings, sells off Disney, PayPal stakes while adding Uber, Pulte bets

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By Tomi Kilgore

David Tepper's Appaloosa LP disclosed late Monday that it reduced its investment in nearly all of its holdings during the second quarter, as the value of equities held by the hedge fund declined by about 31%. The value of Appaloosa's equity holdings as of June 30 was $4.83 billion, down from $6.96 billion as of March 31, even as the S&P 500 rose 8.2% during that period. Among the fund's largest holdings, the Micron Technology Inc. /zigman2/quotes/205710729/composite MU -1.65% stake was reduced to 5.65 million shares from 7.28 million shares, the Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -2.90% stake was cut to 125,000 shares from 186,000 shares and the Facebook Inc. /zigman2/quotes/205064656/composite FB -5.05% stake was lowered to 1.21 million shares from 1.82 million shares. Among some other moves during the quarter, the fund sold off its 145,000-share stake in Adobe Inc. /zigman2/quotes/200389143/composite ADBE +0.77% , its 475,000-share stake in Discovery Inc. /zigman2/quotes/200511275/composite DISCA +0.40% , the 345,000-share stake in Walt Disney Co. /zigman2/quotes/203410047/composite DIS -1.12% and it's 175,000-share stake in PayPal Holdings Inc. /zigman2/quotes/208054269/composite PYPL -1.16% , while adding a new 2.04 million-share stake in Uber Technologies Inc. /zigman2/quotes/211348248/composite UBER -2.07% and a new 1.51 million-share stake in PulteGroup Inc. /zigman2/quotes/201694804/composite PHM -0.76% .

/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 67.51
-1.13 -1.65%
Volume: 17.89M
Oct. 22, 2021 4:00p
P/E Ratio
13.13
Dividend Yield
0.59%
Market Cap
$75.52 billion
Rev. per Employee
$644,302
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,335.55
-99.46 -2.90%
Volume: 3.14M
Oct. 22, 2021 4:00p
P/E Ratio
58.13
Dividend Yield
N/A
Market Cap
$1689.26 billion
Rev. per Employee
$297,430
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 324.61
-17.27 -5.05%
Volume: 35.22M
Oct. 22, 2021 4:00p
P/E Ratio
24.04
Dividend Yield
N/A
Market Cap
$915.22 billion
Rev. per Employee
$1.47M
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/zigman2/quotes/200389143/composite
US : U.S.: Nasdaq
$ 643.58
+4.92 +0.77%
Volume: 1.79M
Oct. 22, 2021 4:00p
P/E Ratio
53.19
Dividend Yield
N/A
Market Cap
$306.22 billion
Rev. per Employee
$571,371
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/zigman2/quotes/200511275/composite
US : U.S.: Nasdaq
$ 25.10
+0.10 +0.40%
Volume: 3.90M
Oct. 22, 2021 4:00p
P/E Ratio
12.15
Dividend Yield
N/A
Market Cap
$12.54 billion
Rev. per Employee
$1.09M
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 169.42
-1.92 -1.12%
Volume: 7.85M
Oct. 22, 2021 4:02p
P/E Ratio
277.24
Dividend Yield
0.00%
Market Cap
$307.86 billion
Rev. per Employee
$320,813
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/zigman2/quotes/208054269/composite
US : U.S.: Nasdaq
$ 240.40
-2.81 -1.16%
Volume: 24.17M
Oct. 22, 2021 4:00p
P/E Ratio
58.72
Dividend Yield
N/A
Market Cap
$282.48 billion
Rev. per Employee
$808,830
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/zigman2/quotes/211348248/composite
US : U.S.: NYSE
$ 45.51
-0.96 -2.07%
Volume: 19.26M
Oct. 22, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$88.19 billion
Rev. per Employee
$488,553
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/zigman2/quotes/201694804/composite
US : U.S.: NYSE
$ 49.72
-0.38 -0.76%
Volume: 1.97M
Oct. 22, 2021 4:03p
P/E Ratio
8.03
Dividend Yield
1.13%
Market Cap
$12.90 billion
Rev. per Employee
$2.10M
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