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David Tepper Dumped More Than 370,000 Shares Of Apple In The First Quarter Of This Year

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David Tepper, who runs $12 billion distressed debt hedge fund Appaloosa Management, has filed his latest 13F regulatory filing with the Securities and Exchange Commission.

During the first quarter of 2013 ended March 31st, Tepper pared back his stake in Apple.

The filing shows that the fund owned 540,000 shares of Apple during Q1.  The fund had 912,661 shares in the previous quarter. 

Citigroup is also still Appaloosa's biggest holding.  The hedge fund held 8,519,547 shares in the first quarter of 2012.  

New positions Tepper snapped up during the first quarter include Comcast, Prudential Financial and Hess

Tepper completely exited his stake in Oracle, according to the 13F.  

Just a reminder, hedge funds only have to disclose their long holdings in these regulatory filings. 


SEE ALSO: David Tepper Made A Bullish Case For Stocks On CNBC

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