Tepper’s Appaloosa trimmed tech, purchased vitality shares in first quarter

David Tepper, founder and president of Appaloosa Administration. David Orrell | CNBC Hedge fund veteran David Tepper trimmed a few of his greatest tech holdings and added to his positions in vitality performs in the course of the first quarter, in response to a safety submitting launched Monday. The billionaire investor advised CNBC in March


David Tepper, founder and president of Appaloosa Administration.

David Orrell | CNBC

Hedge fund veteran David Tepper trimmed a few of his greatest tech holdings and added to his positions in vitality performs in the course of the first quarter, in response to a safety submitting launched Monday.

The billionaire investor advised CNBC in March that he was bullish on the inventory market as a result of he thought that the 10-year U.S. Treasury would briefly pause after yields rose quickly earlier within the yr.

Tepper runs Appaloosa Administration, whose fund had lengthy fairness positions totaling slightly below $7 billion on the finish of the primary quarter. Take a look at its greatest positions under.



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