Appaloosa Triples Its U.S. Portfolio in the Second Quarter

David Tepper’s eclectic firm aggressively boosted stakes in a number of tech companies and initiated major stakes in a number of semiconductor stocks.

Stephen Taub August 17, 2023

David Tepper (Andrew Harrer/Bloomberg)

David Tepper made a huge bet on U.S. stocks in the second quarter.The eclectic investor’s Appaloosa Management reported nearly $5.4 billion in long positions of U.S. common stocks at the end of June, nearly three times the roughly $1.9 billion it held in the previous

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