New York (HedgeCo.net) – In the most recent regulatory filing, David Tepper’s Appaloosa Management revealed its various allocations to different sectors within the equity portfolio and the most heavily weighted sector is the Consumer Discretionary sector with a weighting of 32 percent.
The transportation sector garnered the number two spot with a 17 percent allocation and the third highest allocation was in the technology sector with a weighting of 15 percent. A recent report from GuruFocus also noted that Appaloosa boosted its allocation to the industrial sector.
In terms of individual stocks, Appaloosa’s largest holding as of September 30 was General Motors with 13.5 percent of the portfolio dedicated to the automaker. The second largest holding was hospital operator HCA Holdings with an allocation of 9.59 percent and the third largest was Delta Airlines with an allocation of 9.52 percent of the portfolio.
In all, Appaloosa’s equity holdings stood at $2.86 billion at the end of the third quarter.
Rick Pendergraft
Research Analyst
HedgeCoVest