Appaloosa 13-F: New stake in SNDK, Raises MU, Cuts BABA
Appaloosa Management's latest 13-F filing shows a strategic repositioning in its portfolio, notably taking a new stake in Sandisk (SNDK) while raising positions in Micron (MU) and several tech companies.
NextEra Energy (NEE) said ti be considering paying around USD 76/shr for Dominion Energy (D)
Newsquawk Daily Asia-Pac Opening News - 18th May 2026
Appaloosa 13-F: New stake in SNDK, Raises MU, Cuts BABA
Newsquawk Week in Focus 18th - 22nd May: Highlights include NVDA earnings, FOMC Minutes, UK, Canadian, Japanese and NZ inflation, Australian jobs and global flash PMIs
Advanced Micro Devices (AMD) enters credit agreement and provides five-year USD 5bln unsecured revolving credit facility
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- 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)
Cutting exposure to Alibaba (BABA) and other major stocks could signal a cautious outlook on those names, reflecting broader market sentiment or potential issues in their sectors. This shift may influence investor sentiment around these stocks and highlight potential trends within tech and consumer discretionary sectors.
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