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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Doren who wrote (150416)	2/15/2013 2:51:08 PM
From: Moonray	1 Recommendation Read Replies (2) \| Respond to of 213182

We are a month and a half into the new year. Any buying because of last year's tax selling should be finished by now. However, I have posted stories of new hedge fund positions taken during the institutional selling and here is another: 13-F Alert: Tepper's Appaloosa Management Adds to Apple; Buys Freeport and Transocean, Sells Macy's and JetBlue 8:31p ET February 14, 2013 (Benzinga) David Tepper's hedge fund Appaloosa Management released its 13-F filing on Thursday, after the market closed, detailing the firms long equity positions as of December 31, 2012. Appaloosa, like many of its hedge fund counterparts, has a large position in American International Group (NYSE: AIG), valued at roughly $214 million. The hedge fund also added to its position in Apple (NASDAQ: AAPL) despite the fact that other hedge funds were selling in the fourth-quarter. The firm added roughly 400,000 Apple shares during the last quarter, and the position is now valued at around $486 million. Appaloosa continued to show a large stake in chip-maker Broadcom (NASDAQ: BRCM), valued at around $114 million. Among the firm's other large positions were Citigroup (NYSE: C), Goodyear Tire & Rubber (NYSE: GT), Qualcomm (NASDAQ: QCOM), the SPDR S&P 500 ETF (NYSE: SPY). Appaloosa also had a large stake in both United Continental Holdings (NYSE: UAL) and US Airways Group (NYSE: LCC). Those stakes were valued at $213 million and $163 million, respectively. Among the new stakes that Appaloosa was showing in the fourth-quarter was global mining company Freeport-McMoran (NYSE: FCX). The firm purchased around 520,000 shares valued at around $18 million. Appaloosa was also showing a $67 million new investment in oil driller Transocean (NYSE: RIG). Among the stocks that Appaloosa liquidated in the quarter were JetBlue (NASDAQ: JBLU), Morgan Stanley (NYSE: MS) and Macy's (NYSE: M). o~~~ O