Latest news with #AppaloosaManagement
Yahoo
2 days ago
- Business
- Yahoo
Soros, Appaloosa boost their Nvidia stake. They also bought this beaten-down stock, and it's rallying.
Soros Fund Management and Appaloosa Management both bought a whole lot more Nvidia Corp. stock during the second quarter, according to disclosures released Thursday, as the chip-maker occupies a spot dead-center in the artificial-intelligence boom. Both firms also bought more shares of embattled health-insurance giant UnitedHealth Group UNH over that period. Shares of that company jumped nearly 11% after hours, but they were down 46.3% on the year so far. Homeowners rush to refinance as mortgage-rate plunge opens window of opportunity My wife and I are in our 50s and have $11 million. We're not leaving it to our kids. Is that wrong? Soros Fund Management bought 932,539 shares of Nvidia NVDA, when combining puts and calls. The purchase marked a more than 1,600% increase, bringing the fund's total holdings to 990,292 shares. Appaloosa, meanwhile, bought 1.45 million shares of Nvidia, representing a 483.33% increase that brought the fund's total holdings to 1.75 million shares. Shares of Nvidia edged down 0.1% after hours on Thursday, but are up 35.5% so far this year. Appaloosa snapped up around 2.28 million shares of UnitedHealth representing a 1,300% increase in the fund's holdings in the stock. That brought Appaloosa's total holdings to 2.45 million shares. Soros bought 28,900 more shares of UnitedHealth during the quarter. Soros also bought new shares of Microsoft Corp. MSFT and Tesla Inc. TSLA — two other 'Magnificent Seven' stocks. It also added to its stake in Nike Inc. NKE. You could receive up to $7,500 from the AT&T settlement. Here's how class-action suits work. I'm a senior who barely survives on $1,300 a month. No way could I live on $1,000.
Bloomberg
3 days ago
- Business
- Bloomberg
Stock Movers: UnitedHealth, Applied Materials, First Solar
On this episode of Stock Movers: - Unitedhealth (UNH) shares jumped after funds piled into the company, which has been hampered by a federal probe into its business practices and weakening results. Warren Buffett's Berkshire Hathaway was among the investors, buying 5 million shares, according to a filing. David Tepper's Appaloosa Management LP also invested, boosting its holdings of the health insurance giant by 2.3 million shares. The investments were a welcome reprieve for a company that had seen its stock fall 46% this year. The shares rose as much as 12.65% Friday, the most since March of 2020. - Applied Materials (AMAT) suffered the worst single-day stock decline in five years after giving a disappointing sales and profit forecast, renewing concerns that the US trade dispute with China is weighing on demand. Revenue will be approximately $6.7 billion in the fiscal fourth quarter, the company said in a statement Thursday. Analysts had estimated $7.32 billion on average. Profit will be about $2.11 a share, excluding some items, compared with a projection of $2.38. Applied Materials, the largest American producer of chipmaking gear, is seeing less demand from customers in China, Chief Executive Officer Gary Dickerson said in an interview. It also faces delays in approval for exporting technology to that country, he said. Moreover, large customers are putting off some purchases in the face of prolonged negotiations around tariffs and other economic issues. - First Solar (FSLR) and clean energy stocks soared after the Trump administration released new guidance on eligibility requirements for tax credits that weren't as punitive as the industry had feared. Residential solar systems will still be able to qualify under prior guidance and larger projects will have to meet a physical construction standard but will still have four years to complete their developments. According to Phil Shen, a clean energy analyst with Roth Capital Partners, "This is much better than expected," and Robert Barnett, a clean energy analyst for Bloomberg Intelligence, said "This seems pretty straight forward" and is "particularly favorable news to the residential and small commercial solar companies".
Yahoo
3 days ago
- Business
- Yahoo
David Tepper's Strategic Moves: UnitedHealth Group Inc. Takes Center Stage with 11% Portfolio Impact
Exploring Tepper's Investment Shifts in Q2 2025 David Tepper (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. David Alan Tepper is the founder of Appaloosa Management, a hedge fund investment firm based in Miami Beach, Florida. Tepper's interest in the stock market began in his youth, inspired by his father's trading activities in Pittsburgh. As the President and Founder of Appaloosa Management, Tepper has garnered a reputation for achieving some of the highest returns among Wall Street fund managers. He holds a Master of Science in Industrial Administration from Carnegie Mellon, obtained in 1982. Appaloosa specializes in public equity and fixed income markets globally, with a focus on distressed debt investing, encompassing equities, debt of distressed companies, bonds, exchange warrants, options, futures, notes, and junk bonds. Warning! GuruFocus has detected 2 Warning Signs with BABA. Summary of New Buy David Tepper (Trades, Portfolio) added a total of 8 stocks, among them: The most significant addition was Intel Corp (NASDAQ:INTC), with 8,000,000 shares, accounting for 2.78% of the portfolio and a total value of $179.2 million. The second largest addition to the portfolio was RTX Corp (NYSE:RTX), consisting of 585,000 shares, representing approximately 1.32% of the portfolio, with a total value of $85,421,700. The third largest addition was IQVIA Holdings Inc (NYSE:IQV), with 300,000 shares, accounting for 0.73% of the portfolio and a total value of $47,277,000. Key Position Increases David Tepper (Trades, Portfolio) also increased stakes in a total of 9 stocks, among them: The most notable increase was UnitedHealth Group Inc (NYSE:UNH), with an additional 2,275,000 shares, bringing the total to 2,450,000 shares. This adjustment represents a significant 1,300% increase in share count, an 11% impact on the current portfolio, with a total value of $764,326,500. The second largest increase was NVIDIA Corp (NASDAQ:NVDA), with an additional 1,450,000 shares, bringing the total to 1,750,000. This adjustment represents a significant 483.33% increase in share count, with a total value of $276,482,500. Summary of Sold Out David Tepper (Trades, Portfolio) completely exited 5 holdings in the second quarter of 2025, as detailed below: Wynn Resorts Ltd (NASDAQ:WYNN): David Tepper (Trades, Portfolio) sold all 320,000 shares, resulting in a -0.32% impact on the portfolio. Las Vegas Sands Corp (NYSE:LVS): David Tepper (Trades, Portfolio) liquidated all 590,000 shares, causing a -0.27% impact on the portfolio. Key Position Reduces David Tepper (Trades, Portfolio) also reduced positions in 16 stocks. The most significant changes include: Reduced Alibaba Group Holding Ltd (NYSE:BABA) by 2,162,729 shares, resulting in a -23.43% decrease in shares and a -3.41% impact on the portfolio. The stock traded at an average price of $118.61 during the quarter and has returned 0.13% over the past 3 months and 46.32% year-to-date. Reduced PDD Holdings Inc (NASDAQ:PDD) by 2,370,000 shares, resulting in a -54.23% reduction in shares and a -3.35% impact on the portfolio. The stock traded at an average price of $105.14 during the quarter and has returned 0.24% over the past 3 months and 21.79% year-to-date. Portfolio Overview At the second quarter of 2025, David Tepper (Trades, Portfolio)'s portfolio included 38 stocks. The top holdings included 12.43% in Alibaba Group Holding Ltd (NYSE:BABA), 11.85% in UnitedHealth Group Inc (NYSE:UNH), 9.19% in Inc (NASDAQ:AMZN), 5.41% in Vistra Corp (NYSE:VST), and 4.93% in NRG Energy Inc (NYSE:NRG). The holdings are mainly concentrated in 9 of the 11 industries: Consumer Cyclical, Technology, Healthcare, Utilities, Communication Services, Industrials, Energy, Financial Services, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Alan Fournier's Strategic Moves: EchoStar Corp Sees a -3.89% Impact
Analyzing the Latest 13F Filing for Q2 2025 Introduction to Alan Fournier (Trades, Portfolio) Warning! GuruFocus has detected 7 Warning Sign with MSFT. Alan Fournier (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Alan Fournier (Trades, Portfolio) used to manage the Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund, Ltd., and Pennant General Partner, LLC. Previously, Mr. Fournier was the partner responsible for global equity investments at Appaloosa Management L.P. He began his investment career at Sanford C. Bernstein in 1988. Before entering the investment management industry, Mr. Fournier spent five years in technology system sales for Digital Equipment Corporation, where he was a national account manager. In 2018, Mr. Fournier decided to return clients capital after a period of lackluster returns and converted his firm to a family office. Mr. Fournier famously has never taken a finance or accounting course. His investment strategy is a combination of what he learned while working at Bernstein, Pneza Investment, and Appaloosa Management. His firms strategy focused on a buy and hold, long/short approach that included hedging, leverage, option trading, and short-selling. In terms of long positions, Mr. Fournier places emphasis on growth and value qualities. Summary of New Buy Alan Fournier (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was QXO Inc (NYSE:QXO), with 585,000 shares, accounting for 3.77% of the portfolio and a total value of $12.6 million. Key Position Increases Alan Fournier (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them: The most notable increase was Microsoft Corp (NASDAQ:MSFT), with an additional 18,700 shares, bringing the total to 94,600 shares. This adjustment represents a significant 24.64% increase in share count, a 2.78% impact on the current portfolio, with a total value of $47,054,990. The second largest increase was Core Scientific Inc (NASDAQ:CORZ), with an additional 164,000 shares, bringing the total to 1,499,000. This adjustment represents a significant 12.28% increase in share count, with a total value of $25,587,930. Summary of Sold Out Alan Fournier (Trades, Portfolio) completely exited 1 holding in the second quarter of 2025, as detailed below: IREN Ltd (NASDAQ:IREN): Alan Fournier (Trades, Portfolio) sold all 792,000 shares, resulting in a -1.26% impact on the portfolio. Key Position Reduces Alan Fournier (Trades, Portfolio) also reduced positions in 12 stocks. The most significant changes include: Reduced EchoStar Corp (NASDAQ:SATS) by 582,751 shares, resulting in a -28.47% decrease in shares and a -3.89% impact on the portfolio. The stock traded at an average price of $22.03 during the quarter and has returned 23.30% over the past 3 months and 23.30% year-to-date. Reduced Alphabet Inc (NASDAQ:GOOGL) by 92,800 shares, resulting in a -63.26% reduction in shares and a -3.74% impact on the portfolio. The stock traded at an average price of $163.55 during the quarter and has returned 24.90% over the past 3 months and 8.31% year-to-date. Portfolio Overview At the second quarter of 2025, Alan Fournier (Trades, Portfolio)'s portfolio included 16 stocks, with top holdings including 14.08% in Microsoft Corp (NASDAQ:MSFT), 12.13% in EchoStar Corp (NASDAQ:SATS), 9.04% in TransDigm Group Inc (NYSE:TDG), 8.75% in Perimeter Solutions Inc (NYSE:PRM), and 8.55% in Antero Resources Corp (NYSE:AR). The holdings are mainly concentrated in 6 of the 11 industries: Technology, Industrials, Communication Services, Energy, Basic Materials, and Consumer Cyclical. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Tepper Scoops Up Beaten Down UnitedHealth, Trims China Bet
(Bloomberg) -- Billionaire David Tepper showcased his style as a contrarian investor, scooping up shares of beleaguered UnitedHealth Group Inc. in the second quarter while trimming stakes in Chinese stocks. The US-Canadian Road Safety Gap Is Getting Wider Festivals and Parades Are Canceled Amid US Immigration Anxiety To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Five Years After Black Lives Matter, Brussels' Colonial Statues Remain For Homeless Cyclists, Bikes Bring an Escape From the Streets Tepper's Appaloosa Management LP boosted its holdings of the health insurance giant by 2.3 million shares, valuing the stake at $764 million, according to a 13F filing Thursday and Bloomberg data analysis. Shares in the health insurer rallied as much as 14% in premarket trading on Friday. UnitedHealth made up about 11.9% of Appaloosa's $6.45 billion equity portfolio, marking the second-largest position after Alibaba Group Holding Ltd., even after the firm cut holdings in the e-commerce company. Inc. and PDD Holdings Inc. were among other Chinese companies who saw stakes reduced by the family office. UnitedHealth rallied nearly 10% in after-hours trading as Warren Buffett's Berkshire Hathaway Inc. also disclosed a stake in the company. The shares tumbled about 40% during the second quarter, as the health insurer suspended its annual forecast, replaced its chief executive officer and reportedly faced a criminal investigation for possible Medicare fraud. It was among the worst performers in the S&P 500 Index during the stretch. The company said in July it was cooperating with the Department of Justice and has 'full confidence' in its practices. With the investment in UnitedHealth, Tepper once again showed his willingness to make bold bets that most others shun. He started buying Chinese stocks last year when investors fled the market amid concerns of a slowing economy and rising geopolitical risks. The bets have paid off as the MSCI China benchmark rallied about 46% over the past year as Beijing moves to stimulate the economy. Read: Billionaire Investor Tepper Boosted China Bet Before Rally (1) But Tepper slashed his Chinese positions last quarter, a period in which President Donald Trump's tariff war roiled global markets. Appaloosa cut the holdings in Alibaba by more than 20% to 7.1 million shares, though at about $802 million, it remains Appaloosa's largest holding. Tepper also reduced his stakes in by 13%, slashed Baidu Inc. by 19% and reduced PDD by more than 50%. --With assistance from Subrat Patnaik. (Updates with premarket stock in paragraph two.) Americans Are Getting Priced Out of Homeownership at Record Rates What Declining Cardboard Box Sales Tell Us About the US Economy Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan Dubai's Housing Boom Is Stoking Fears of Another Crash Twitter's Ex-CEO Is Moving Past His Elon Musk Drama and Starting an AI Company ©2025 Bloomberg L.P.
