Billionaire David Tepper is Loading Up on These 5 Stocks

Page 5 of 5

1. EQT Corporation (NYSE:EQT)  

Appaloosa Management’s Stake Value: $58.31 million

Appaloosa Management’s 13F Portfolio: 1.38% 

Number of Hedge Fund Holders: 57

David Tepper increased his stake in EQT Corporation (NYSE:EQT) by 168% in Q3 as compared to Q2 2021. In the third quarter, Tepper’s hedge fund reported owning 2,850,000 shares in the company, representing 1.38% of the fund’s overall portfolio with a value of $58.31 million. EQT Corporation (NYSE:EQT) deals in the production and transmission of natural gas in the United States, and is headquartered in Pennsylvania.

Hedge funds tracked by Insider Monkey were also seen loading up on EQT Corporation (NYSE:EQT) stock, with 57 hedge funds bullish on the company’s shares by the end of September, compared to 43 hedge funds by the end of June.

EQT Corporation (NYSE:EQT) posted an EPS of $0.12 for the third quarter, which beat analyst estimates by $0.17. The company’s stock jumped 37.43% in the last year, and 53.97% year to date as of December 4.

On November 19, research firm Morgan Stanley upgraded its rating on EQT Corporation (NYSE:EQT) stock to ‘Overweight’ from ‘Equal Weight’, raising the price target to $31 from $24.

You can also take a look at Aquamarine Capital’s Top 10 Stock Picks and Top 10 High Growth Stocks To Buy in 2021

Page 5 of 5