Appaloosa 13-F: Raises MU, GOOG, META; Cuts BABA; Exits KEY

Appaloosa's latest 13-F filing reflects a bullish stance on Semiconductors and digital advertising, raising positions in Micron, Alphabet, and Meta, which may signal confidence in tech sector recovery.

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Appaloosa 13-F: Raises MU, GOOG, META; Cuts BABA; Exits KEY

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  • New: Ball Corporation (BALL). 
  • Raises: Micron (MU), Alphabet (GOOG), Meta (META), American Air (AAL), Owens Corning (OC).
  • Cuts: Alibaba (BABA), Whirlpool (WHR), JD.com (JD), Vistra (VST)
  • Exits: Fiserv (FISV), Truist Financial (TFC), Caesars Entertainment (CZR), KeyCorp (KEY), Citizens Financial (CFG).
  • Top: Alibaba (BABA), Alphabet (GOOGL), Amazon (AMZN), Micron (MU), Meta (META).
Context

The cut to Alibaba and exit from regional banks like KeyCorp suggest concerns over growth prospects in China and regional financial stability, potentially mapping a cautious outlook amidst broader economic uncertainties.

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