Daivd Tepper is probably the best performing hedge fund manager of the last decade. His timing has been perfect. He bet the farm into financial stocks in 2009 as they were beaten down, and made multiple billions almost every year since. But now he is selling out a lot of positions. Does he see something that others don’t?
David Tepper (Trades, Portfolio) buys only one small position during the fourth quarter, which is the beaten down American Realty Capital Properties Inc. He sold almost everything else, including Citigroup Inc, Halliburton Co, Mohawk Industries Inc, Facebook Inc, SPDR S&P 500 ETF, CBS Corp, Delta Air Lines Inc, Apple Inc, Ford Motor Co, American Airlines Group Inc, Google Inc, etc during the 3-months ended 12/31/2014, according to the most recent filings of his investment company, Appaloosa Management LP. Continue Reading »