Appaloosa 13-F: New stake in SNDK, Raises MU, 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 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. 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.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#ASIAN SESSION#US EQUITIES