David Tepper's Appaloosa Fund Adds New Stakes In Apple And Alibaba Through June

By Tomi KilgoreMarketWatch Pulse

Billionaire investor David Tepper's hedge fund Appaloosa Management trimmed the value of stocks it holds, to $4.04 billion as of June 30 from $5.7 billion at the end of March, the latest regulatory filings show. Meanwhile, Appaloosa added a new 2.52 million-share stake in Apple Inc. and a new 1.36 million share-stake in Alibaba Group Holding . Tepper eliminated his holdings in American Airlines Group , of which he held 4.36 million shares at the end of March, while adding a new 4.95 million share stake in JetBlue Airways . He also cut his holdings by more than half in Google Inc. to about 349,000 shares and in United Continental Holdings to 1.52 million shares.

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