5 Stocks Billionaire David Tepper Just Bought and Sold

In this piece, we will take a look at the five stocks that billionaire David Tepper just bought and sold. If you want to learn more about the hedge fund boss and his latest moves, check out 10 Stocks Billionaire David Tepper Just Bought and Sold.

5. Alphabet Inc. (NASDAQ:GOOG)

Appaloosa Management’s Q3 2023 Investment: $362 million

Bought Or Sold: Bought

Percentage Increase or (-)Decrease: 20%

Alphabet Inc. (NASDAQ:GOOG) is one of the biggest technology companies in the world and is best known for its search engine Google. While Appaloosa Management increased its stake in the firm by 20% during Q3, Ray Dalio’s Bridgewater Associates made headlines as it slashed its Alphabet Inc. (NASDAQ:GOOG) holdings by 20% as well.

In the previous quarter, 152 out of the 910 hedge funds profiled by Insider Monkey had bought Alphabet Inc. (NASDAQ:GOOG)’s shares. Ken Fisher’s Fisher Asset Management owned the biggest stake among these, which was worth $5.7 billion.

4. NVIDIA Corporation (NASDAQ:NVDA)

Appaloosa Management’s Q3 2023 Investment: $445 million

Bought Or Sold: Bought

Percentage Increase or (-)Decrease: 1%

NVIDIA Corporation (NASDAQ:NVDA) is a chip company that’s been in the news this year due to its AI products. The firm is due to reveal its latest earnings report soon, and should it post another blowout quarter, then both the stock and the broader market might be affected.

As of June 2023, 175 out of the 910 hedge funds tracked by Insider Monkey had held a stake in the company. NVIDIA Corporation (NASDAQ:NVDA)’s largest hedge fund shareholder in 2023’s September quarter was Rajiv Jain’s GQG Partners as it owned $6.1 billion worth of shares.

3. Amazon.com, Inc. (NASDAQ:AMZN)

Appaloosa Management’s Q3 2023 Investment: $476 million

Bought Or Sold: Bought

Percentage Increase or (-)Decrease: 19%

Amazon.com, Inc. (NASDAQ:AMZN) is known for its eCommerce platform, consumer electronics products, and cloud computing solutions. Like other big tech stocks, its shares are also rated Strong Buy on average and analysts have set a $172.83 average share price target.

For their Q2 2023 shareholdings, 278 out of the 910 hedge funds part of Insider Monkey’s database were Amazon.com, Inc. (NASDAQ:AMZN)’s investors. Ken Fisher’s Fisher Asset Management owned the biggest stake in Q3 which was worth $5.2 billion.

2. Microsoft Corporation (NASDAQ:MSFT)

Appaloosa Management’s Q3 2023 Investment: $516 million

Bought Or Sold: Bought

Percentage Increase or (-)Decrease: 32%

Microsoft Corporation (NASDAQ:MSFT) is one of the biggest technology companies in the world. While its partnership with ChatGPT maker OpenAI has been a source of positivity, mid November saw a big shock as OpenAI’s founder and CEO Sam Altman was suddenly fired from his role. This led to Microsoft Corporation (NASDAQ:MSFT)’s shares dropping on the market.

During this year’s June quarter, 300 out of the 910 hedge funds polled by Insider Monkey had bought the firm’s shares. Microsoft Corporation (NASDAQ:MSFT)’s biggest investor during the September quarter was Michael Larson’s Bill & Melinda Gates Foundation Trust as it owned 39 million shares that are worth $12.4 billion.

1. Meta Platforms, Inc. (NASDAQ:META)

Appaloosa Management’s Q3 2023 Investment: $585 million

Bought Or Sold: Bought

Percentage Increase or (-)Decrease: 30%

Meta Platforms, Inc. (NASDAQ:META) is a social media company. Not only was the firm on Appaloosa Management’s radar during Q3, but Bridgewater Associates also increased its Meta Platforms, Inc. (NASDAQ:META) by 16% for a final value of $186 million.

225 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 research were Meta Platforms, Inc. (NASDAQ:META)’s shareholders. In Q3, the largest shareholder was Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $3.4 billion investment.

Disclosure: None. You can also take a look at 12 Cheap High Dividend Stocks To Buy Right Now and Jim Cramer Recommends Selling These 10 Stocks.

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