David Tepper of Appaloosa Management has released its Fourth Quarter 13F filing has cut his entire positions in Alibaba (BABA, Financial) and Facebook (FB, Financial). Appaloosa Management disclosed that the value of its equity holdings were reduced by 40% last year, mainly caused by the firm closing out and even reducing many of its stock holdings. The market value of the firms portfolio was $4.05 billion as of December 31, down from $6.79 billion at the end of September according to its 13f filing. During the fourth quarter Appaloosa sold out all of its 1.16 million shares in Apple (AAPL) that the firm held at the end of September 30, 2014. The Hedge fund also sold out of its entire 7.3 million share stake in Facebook, its 8.3 million share stake in Citigroup (C, Financial), its 725,000 share stake in Alibaba (BABA), its 2.86 million share stake in CBS Corp (CBS, Financial), its 5 million share stake in Halliburton (HAL, Financial). Also the fund reduced its holdings in American Air (AAL, Financial) to 4.36 million shares from 7.29 million shares and its also reduced its holdings in Delta (DAL, Financial) to 3.2 million shares from 7.5 million shares. You can see the sold out positions and reduced positions before and after they were sold out through these links to Appaloosa's 13-f filings; http://www.sec.gov/Archives/edgar/data/1006438/000100643814000008/xslForm13F_X01/Form13FInfoTable.xml
David Tepper (Trades, Portfolio) The Market Can Survive What Happens In Greece.
