(Benzinga) 13F Friday is finally here, and therefore investors learn what the picks and pans were from institutional investors over the third quarter.On Friday, David Tepper’s Appaloosa Management LP disclosed its long equity stakes as of September 30, 2015. Over the third quarter, the hedge fund made some significant moves.
Like many other hedge funds’ portfolios, Appaloosa’s portfolio suffered in the third quarter. Its value declined from $4.03 billion by the end of the second quarter to $2.86 billion by the end of the third quarter.Between July and September, inclusive, the fund sold out of seven stocks, reduced its holdings in another 17 companies, boosted its exposure to seven and started new stakes in six firms.
