David Tepper Buys AIG, GM, Ford and JPMorgan; Sells Bank of America

David Tepper

The SEC’s 13F filing for David Tepper’s Appaloosa Management shows that the hedge fund bought five new stocks in the third quarter and added to 23 others. The fund reduced its holdings in nine stocks and sold completely out of one.

David Tepper Buys AIG, GM, Ford and JPMorgan; Sells Bank of America

Additions and Increases:

Appaloosa Management bought heavily in the financial services sector, snapping up shares of American International Group, Inc. (NYSE:AIG), JPMorgan Chase & Co. (NYSE:JPM) and Morgan Stanley (NYSE:MS). The firm also increased its position in Citigroup Inc. (NYSE:C) and Hartford Financial Services Group Inc (NYSE:HIG).

Tepper also made some changes in his automotive stocks, adding to Ford Motor Company (NYSE:F), The Goodyear Tire & Rubber Company (NYSE:GT) and General Motors Company (NYSE:GM). He also added to two airline stocks; Delta Air Lines, Inc. (NYSE:DAL) and United Continental Holdings Inc (NYSE:UAL).

Reductions and Sell-Offs:

The only stock Tepper sold off completely was Nuance Communications Inc. (NASDAQ:NUAN). He reduced his holding in several stocks, including Google Inc (NASDAQ:GOOG), Dean Foods Company (NYSE:DF), Bank of America Corp (NYSE:BAC) and Valero Energy Corporation (NYSE:VLO)

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About the Author

Michelle Jones
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Michelle has been with ValueWalk since 2012 and is now our editor-in-chief. Email her at [email protected]

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