David Tepper's hedge fund, Appaloosa LP, recently reported its Q4 2024 holdings, concluding the year with $6.46 billion invested in 37 stocks. The hedge fund, recognized for its high-conviction, opportunistic investment strategy, sells positions that no longer align with its goals. Tepper exited his investment in Adobe after only four quarters, previously holding the stock as a top-10 holding. Instead, the fund acquired Corning, indicating a strategic pivot towards growth-centric opportunities. This highlights Tepper's ability to adapt his portfolio based on market assessments.
Appaloosa LP, led by David Tepper, concluded 2024 with $6.46 billion in assets, making strategic shifts in its portfolio by exiting Adobe and investing in Corning.
The hedge fund's strategy focuses on high-conviction, opportunistic equity investing, often taking contrarian positions based on fundamental research.
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