Appaloosa Management Adjusts Portfolio: Boosts Amazon, Drops Apple

In a recent filing with the Securities and Exchange Commission, Appaloosa Management, led by David Tepper, strategically adjusted its portfolio. Notably, the fund augmented its stake in Amazon.com Inc. (AMZN) while concurrently reducing its holdings in Apple Inc (AAPL). 

The quarterly filing reveals nuanced adjustments, including increased positions in Google's (GOOGL) parent company, Alphabet Inc., and Meta Platforms Inc. (META), alongside additional investments in Microsoft Corp. (MSFT) and Caesars Entertainment Inc (CZR). On the flip side, the fund divested its Apple and Broadcom Inc. (AVGO) stakes, signaling a calculated reshaping of its investment portfolio.