David Tepper’s Key Moves from Q4: Microsoft Corporation (MSFT), SanDisk Corporation (SNDK)

The sell-side expects annual EPS expansion of 24%-25% over the next half-decade, versus 12%-13% growth for EMC. Tepper’s play may be the smartest, as each has solid exposure to a generally bullish macroeconomic environment, particularly in enterprise data storage.

Apple, still top dog

Apple Inc. (NASDAQ:AAPL) has been David Tepper’s No. 1 equity holding since the first quarter of last year. Despite the fact that many of his peers have decided to cut or sell off shares of the tech giant in recent months, Tepper remains very bullish, as his latest 13F filing indicates he added to his Q3 position by 75%. It’s clear which side of the fence this hedge fund manager is on, and it’s difficult to disagree. Apple offers superb value at 9 times forward earnings and a PEG near 0.5, and even though bottom line growth is expected to slow down over the next few years, most analysts still expect it to trump the likes of Google and Microsoft quite handily.

Yes, a dividend boost or an enhanced share repurchase plan would stimulate value creation, but even if these events do not occur in the near future, there’s still plenty for investors of all philosophies to like about Apple (check out some more strategies here).

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