David Tepper’s Appaloosa cuts Meta, Intel, boosts Adobe, Lyft, among other Q2 buys/sells
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Contributor since / Followers
Contributor since / Followers
1 month ago
Brad Barket
Appaloosa Management closed out its equity position in Norfolk Southern (NYSE:NSC) during the second quarter of 2024, the hedge fund disclosed Wednesday in its latest 13F filing.
The firm, founded by billionaire investor David Tepper, increased its stakes in Lyft (NASDAQ:LYFT), to 7.96M shares from 468K shares, and Adobe (NASDAQ:ADBE), to 360K from 350K.
It decreased its holdings in Intel (NASDAQ:INTC), to 2.78M from 3.75M, Meta Platforms (NASDAQ:META), to 935K from 1.12M, Advanced Micro Devices (NASDAQ:AMD), to 1.37M from 1.63M, and Microsoft (NASDAQ:MSFT), to 1.18M from 1.40M, the filing showed.