/Tepper’s Appaloosa trimmed tech, bought energy stocks in first quarter
Tepper’s Appaloosa trimmed tech, bought energy stocks in first quarter

Tepper’s Appaloosa trimmed tech, bought energy stocks in first quarter

David Tepper, founder and president of Appaloosa Management.

David Orrell | CNBC

Hedge fund veteran David Tepper trimmed some of his biggest tech holdings and added to his positions in energy plays during the first quarter, according to a security filing released Monday.

The billionaire investor told CNBC in March that he was bullish on the stock market because he thought that the 10-year U.S. Treasury would temporarily pause after yields rose rapidly earlier in the year.

Tepper runs Appaloosa Management, whose fund had long equity positions totaling just under $7 billion at the end of the first quarter. Check out its biggest positions below.