Tepper cut Micron by more than 41% while boosting Amazon to nearly $1.2 billion in Q2
AI Market Summary
Appaloosa's 2Q 13F shows a rotation within large-cap tech: increased exposure to Amazon, Meta, Alphabet and a new Apple position, while cutting Micron and exiting Sandisk after outsized memory-stock gains and a subsequent pullback. The disclosure may influence near-term positioning in megacap growth versus AI-linked memory semis, and highlights hedge-fund sensitivity to volatility in the AI hardware trade.
Impact level
● Medium
Affected assets
NCSKAMZN2USD/USDT-1.75%
AI Insight · NCSKAMZN2USD/USDTAI Insight
● Neutral
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Appaloosa Management increased its Amazon stake by more than 15% in the second quarter to nearly $1.2 billion, and boosted Meta Platforms by almost 55% to about $380 million, according to the latest 13F filing. The fund also added nearly 7% to its Alphabet position to more than $661 million and initiated an Apple stake worth more than $241 million. At the same time, it trimmed Micron Technology by more than 41% to around $1.125 billion, though Micron remained its second-largest holding. Micron shares surged more than 240% during the quarter, their biggest quarterly gain on record.
