Appaloosa 13-F: New stake in SNDK, Raises MU, and Cuts BABA
- New: Sandisk (SNDK)
- Raises: Amazon (AMZN), Uber (UBER), Vistra (VST), Micron (MU)
- Cuts: Alibaba (BABA), Microsoft (MSFT), Whirlpool (WHR), Meta (META), Qualcomm (QCOM)
- Exits: American Air (AAL), Owens Corning (OC), Mohawk Industries (MHK), Iqvia (IQV), United Airlines (UAL)
- Top: Amazon (AMZN), Micron (MU), Alphabet (GOOG), Uber (UBER), TSMC (TSM)
Context
Appaloosa's new stake in Sandisk (SNDK) and raised positions in Micron (MU) and others indicate a bullish sentiment towards these stocks, particularly in the tech and semiconductor sectors. The cut in positions for Alibaba (BABA) and several other companies may signal a shift in strategy amid evolving market conditions, potentially reflecting concerns about growth or competitive pressures in those names. This reallocation could influence market sentiment, especially towards the stocks being added or removed.
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