Tepper's Appaloosa Exited Apple But Bet More On Alphabet, Amazon, Microsoft, Meta

Appaloosa Sours On Apple, Loads Up On Other Tech Stocks
Tepper's firm closed out its position in $Apple(AAPL.US)$ in the third quarter, selling about 480,000 shares. But tech's still a favorite in its portfolio as it added roughly 587,000 shares of $Amazon(AMZN.US)$ , 450,000 shares of $Meta Platforms(META.US)$ , 440,000 shares of Alphabet Class C shares ( $Alphabet-C(GOOG.US)$ ) and 400,000 shares of $Microsoft(MSFT.US)$ during that three month period.

Rejigging Exposure To China
Tepper's firm made big cuts to its holdings in several tech-focused Chinese companies. Most notably, the hedge fund sold off about 875,000 shares of $Alibaba(BABA.US)$ worth about $60 million and more than 600,000 shares of $Baidu(BIDU.US)$ worth roughly $85 million. Tepper also got out of two positions in China-focused ETFs provided by iShares and Kraneshares.
The only significant new position reported in Appaloosa's 13-F for the most recent quarter was a stake of 2.4 million shares of KE Holdings ( $KE Holdings(BEKE.US)$ ) worth just over $37 million. KE is a Chinese holding company providing housing transactions and similar services.

Other Notable Position Changes
Outside of tech, the firm almost doubled its position in Chinese agricultural retail business $PDD Holdings(PDD.US)$ with about 650,000 additional shares and added close to 300,000 shares of $Caesars Entertainment(CZR.US)$ .
Appaloosa exited several positions, in some cases selling off tens of millions of dollars worth of stock. It sold off 1.75 million shares of semiconductor maker $Marvell Technology(MRVL.US)$ worth more than $100 million. It also closed out positions in $Synopsys(SNPS.US)$ , $Broadcom(AVGO.US)$ and $Cadence Design Systems(CDNS.US)$ .
Appaloosa sold 775,000 shares of Taiwan Semiconductor Manufacturing ( $Taiwan Semiconductor(TSM.US)$ ), trimming the value of its stake by roughly $90 million. It also slightly pared back its holdings of $Intel(INTC.US)$ , $JD.com(JD.US)$ , $Qualcomm(QCOM.US)$ and $Advanced Micro Devices(AMD.US)$ .