: David Tepper’s Appaloosa reveals new Tesla, Nvidia, FedEx positions

David Tepper’s Appaloosa LP revealed new positions in Tesla Inc., Nvidia Corp., FedEx Corp. and other names in a Monday regulatory filing.

Appaloosa opened a new 150,000-share position in Tesla
TSLA,
-0.97%

during the first quarter, according to a 13-F filing released after Monday’s closing bell. That filing also showed a new 150,000-share position in Nvidia Corp.
NVDA,
+2.16%
.

See also: George Soros bet on railroads, fitness, gig economy and lightened load on Disney, Amazon, dumped Tesla

Tepper’s fund bought 525,000 shares of Match Group Inc.
MTCH,
+5.12%

during the quarter, as well as 350,000 shares of FedEx Corp.
FDX,
-0.23%
.
He also scooped up 500,000 shares of the Ark Innovation ETF
ARKK,
+2.36%
.
All three were new positions during the period.

Tepper boosted his stake in Uber Technologies Inc.
UBER,
-0.81%

to 6 million shares from just over 1.2 million shares previously. He also added to his position in Amazon.com Inc.
AMZN,
+0.85%
,
bringing that stake up to 2 million shares from 1.5 million as of the end of the fourth quarter. His Meta Platforms Inc.
META,
+2.16%

stake now stands at 700,000 shares, up from 575,000 before.

Don’t miss: Meta’s ‘outstanding’ stock rally can keep roaring, analyst says in upgrade

Appaloosa dumped a small position in Aptiv PLC
APTV,
+0.26%

that had stood at 50,000 shares as of the end of the fourth quarter.

Tepper narrowed his stake in Salesforce Inc.
CRM,
+0.75%

to 290,000 shares in the first quarter from 300,000 shares before.

He maintained a 300,000-share position in Walt Disney Co.
DIS,
+0.95%
.

Read: Disney stock nabs a downgrade with subscriber forecasts ‘looking risky’

source

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