: David Tepper’s Appaloosa reveals new Tesla, Nvidia, FedEx positions

by | May 15, 2023 | Stock Market

David Tepper’s Appaloosa LP revealed new positions in Tesla Inc., Nvidia Corp., FedEx Corp. and other names in a Monday regulatory filing. Appaloosa opened a new 150,000-share position in Tesla
during the first quarter, according to a 13-F filing released after Monday’s closing bell. That filing also showed a new 150,000-share position in Nvidia Corp.
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Tepper’s fund bought 525,000 shares of Match Group Inc.
during the quarter, as well as 350,000 shares of FedEx Corp.
He also scooped up 500,000 shares of the Ark Innovation ETF
All three were new positions during the period. Tepper boosted his stake in Uber Technologies Inc.
to 6 million shares from just over 1.2 million shares previously. He also added to his position in Amazon.com Inc.
bringing that stake up to 2 million shares from 1.5 million as of the end of the fourth quarter. His Meta Platforms Inc.
stake now stands at 700,000 shares, up from 575,000 before. Don’t miss: Meta’s ‘outstanding’ stock rally can keep roaring, analyst says in upgrade Appaloosa dumped a small position in Aptiv PLC
that had stood at 50,000 shares as of the end of the fourth quarter. Tepper narrowed his stake in Salesforce Inc.
to 290,000 shares in the first quarter from 300,000 shares before. He maintained a 300,000-share position in Walt Disney Co.

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