Benzingaยท2025-08-15 19:59Core Insights - Appaloosa hedge fund, led by David Tepper, has made significant changes to its stock positions in the second quarter, including new investments in airline stocks and a substantial stake in Intel [1][2]. New Positions - Appaloosa has taken new stakes in several companies, with Intel being a major focus, acquiring eight million shares. The fund has also invested in Delta and United Airlines [2]. Exited Positions - The fund exited its put options on Apple and sold stakes in two casino companies. Notably, it also divested from Broadcom, which was a new investment in the previous quarter [3]. Changes to Existing Positions - The fund increased its stakes in several stocks, with Intel, RTX Corp, IQVIA Holdings, United Airlines, Delta Air Lines, Whirlpool, Goodyear, and Mohawk Industries showing the largest increases [4]. Largest Increases - UnitedHealth Group saw a 1,300% increase, Block Inc increased by 756%, and Nvidia by 483%. The increased stake in UnitedHealth made it the top holding in the fund at 12% [6][7]. Largest Decreases - Despite increasing stakes in Nvidia and Amazon, the fund reduced its positions in Meta Platforms, Alphabet, and Microsoft, indicating a selective approach within the tech sector. Alibaba remains a significant holding at 12% despite a reduction [8][10].