David Tepper's Appaloosa takes new stakes in Salesforce, Alibaba, Netflix, cuts Micron
gorodenkoff


Appaloosa, founded by billionaire investor David Tepper, has taken new positions in Salesforce (NYSE:CRM), buying 200K shares, Alibaba (BABA), acquiring 100K shares, and Netflix (NFLX) with 50K shares during Q2, it disclosed in a 13F filing Monday.
It also entered Constellation Energy (CEG) with 2.7M shares, Aptiv (APTV) with 250K shares, HCA Healthcare (HCA) with 75K shares and Caesars Entertainment (CZR) with 150K shares.

The fund boosted its holdings in Kohl's (NYSE:KSS) to 1.87M shares from 700K shares, MPLX (MPLX) to 192.3K shares from 120.3K shares and Meta Platforms (META) to 1M shares from 890K shares.
Among Appaloosa's stakes that were abandoned include Energy Select Sector SPDR ETF (NYSEARCA:XLE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Goodyear Tire & Rubber (GT), Freeport-McMoRan (FCX) and Wynn Resorts (WYNN).
The company reduced its positions in Micron Technology (NASDAQ:MU) to 575K shares from 2.1M shares and Occidental Petroleum (OXY) to 875K shares from 2.84M.
In the first quarter, Appaloosa bumps up Uber stake, exits Alliance Data.