Billionaire David Tepper is Selling These 5 Stocks

3. CC Neuberger Principal Holdings (NYSE:PRPB)

Number of Hedge Fund Holders: 48

CC Neuberger Principal Holdings (NYSE: PRPB) is a Special Purpose Acquisition Company (SPAC) that provides enables mergers, stock exchange and share purchases, among other services. Ranked third on the list of the stocks David Tepper is selling, CC Neuberger Principal Holdings (NYSE:PRPB) has a market capitalization of $1.07 billion.

David Tepper’s hedge fund reduced its stake in the company by 100% in the second quarter, completely selling off all its shares of CC Neuberger Principal Holdings (NYSE:PRPB).

At the end of the second quarter of 2021, 48 hedge funds in the database of Insider Monkey held stakes worth $386.6 million in CC Neuberger Principal Holdings (NYSE:PRPB).

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Glazer Capital is a leading shareholder of CC Neuberger Principal Holdings (NYSE:PRPB) with 7.3 million shares worth more than $72.37 million.