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

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.