Tepper’s Appaloosa adds Disney, Caesars stakes while boosting Salesforce position
David Tepper’s Appaloosa LP reacquired a stake in Walt Disney Co. during the fourth quarter, according to a filing with the Securities and Exchange Commission released Tuesday.
Appaloosa held 300,000 shares of Disney
as of the end of the fourth quarter, the fund’s latest 13-F filing showed. Appaloosa’s third-quarter filing, meanwhile, had shown it dumping its 50,000-share position in the media giant.
Disney has had an eventful past few months, as Chief Executive Bob Iger returned to the helm in November and subsequently announced further cost cuts and a greater focus on profitability within the entertainment business.
See more: Disney is undergoing a ‘drastic evolution’ in streaming, and more changes could be afoot
Appaloosa’s most recent 13-F also showed a new position in Caesars Entertainment Inc.
which amounted to 425,000 shares.
The fund increased its stake in Salesforce Inc.
to 300,000 shares in the fourth quarter from 190,000 shares at the end of the third quarter. Salesforce has been a hot recent target for activism, drawing the attention of numerous prominent investors.
‘No one is immune’: Activist investors target tech companies after stocks dive
Appaloosa boosted its position in Uber Technologies Inc.
to more than 1.2 million shares from 1.0 million shares at the end of the third quarter. It increased its stake in Alibaba Group Holding Ltd.
to 100,000 shares from 90,000 shares and slightly bumped up its position in Amazon.com Inc.
to 1.5 million shares from 1.45 million shares.
Outside of the technology sphere, Appaloosa loaded up on more shares of HCA Healthcare Inc.
bringing its position up to 182,500 shares from 75,000 as of the time of the prior 13-F filing.
See also: Third Point opens new stakes in Microsoft, JetBlue
The fund dumped its position in Mosaic Co.
a miner of phosphate and potash, which amounted to 125,000 shares as of the end of the third quarter.
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