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Tepper’s Appaloosa Slashes Stock Portfolio

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

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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