Tepper’s Appaloosa Slashes Stock Portfolio

The hedge fund firm is down slightly this year through October, according to an investor.

David Tepper (Andrew Harrer/Bloomberg)

David Tepper

(Andrew Harrer/Bloomberg)

David Tepper has sharply cut back his exposure to stocks.

Tepper’s Appaloosa Management reported holding roughly $5.7 billion in its U.S. long stock positions at the end of September, according to the hedge fund firm’s latest 13F regulatory filing. That’s down more than $3 billion from the more than $8.7

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