David Tepper’s Appaloosa LP revealed new positions in both Advanced Micro Devices Inc. and Apple Inc. in a Securities and Exchange Commission filing late Monday, while dumping a position in Tesla Inc. it acquired a quarter ago.
In the quarterly filing, Appaloosa reported a new 2.3 million-share position in Advanced Micro Devices Inc.
AMD,
+4.10%
and a 480,000-share position in Apple Inc.
AAPL,
+0.94%.
Tepper also increased his stake in Nvidia Corp.
NVDA,
+7.09%
by 580% to just over 1 million shares and more than doubled his stake in Meta Platforms Inc.
META,
+1.51%
to 1.5 million shares.
Meanwhile, Appaloosa increased its stake in Amazon.com Inc.
AMZN,
+1.56%
by 58% to 3.2 million shares and hiked its stake in Microsoft Corp.
MSFT,
+0.94%
by more than 375% to 1.2 million shares, while dumping stakes in Salesforce Inc.
CRM,
+1.61%
and Tesla Inc.
TSLA,
-1.19%.
Back in May, Tepper had reported a new position in Tesla and Nvidia. Appaloosa also shed its positions in Walt Disney Co.
DIS,
-0.24%
and Match Group Inc.
MTCH,
+0.24%.
On Friday, George Soros also reported new positions in AMD, Nvidia and Microsoft, which is heavily invested in OpenAI’s ChatGPT generative artificial intelligence, while also dumping Salesforce.
Read: George Soros loads up on AI chip makers Nvidia and AMD while selling Salesforce and Snowflake shares
Appaloosa also established new positions in chip-related stocks such as Intel Corp.
INTC,
+2.26%,
Lam Research Corp.
LRCX,
+2.34%,
Broadcom Inc.
AVGO,
+2.93%,
Marvell Technology Inc.
MRVL,
+4.34%,
Micron Technology Inc.
MU,
+6.07%,
Qualcomm Inc.
QCOM,
-0.51%
and Taiwan Semiconductor Manufacturing Co.
TSM,
+1.17%.
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