David Tepper Got A Huge Gift From IEA, Airlines Soar $DAL $UAL $AMR

David Tepper is the only hedge fund manager with large positions in Delta Airlines (DAL), United (UAL), and American Airlines (AMR). AMR and UAL gained around 6%, and Delta gained more than 4% after International Energy Agency said its members would release 2 Million barrels of oil a day in the first 30 days . The market is down around 1.5%.

David Tepper made nearly $12 Million today, thanks to IEA. There were other hedge fund managers who benefited from the sharp decline in oil prices:

1. Jeffrey Altman – Owl Creek Asset Management: Altman had $107 Million in AMR and $129 Million in UAL at the end of March.

2. John A. Levin – Levin Capital: Levin had $73 Million in UAL and $44 Million in DAL at the end of March.

3. Ken Heebner – Capital Growth Management: Heebner finally got a break this year. He had $156 Million in DAL and $194 Million in UAL at the end of first quarter.

4. Paul Reeder and Edward Shapiro – Par Capital Management: Par Capital had $268 Million in UAL and $44 Million in AMR.

5. Robert Bishop – Impala Asset Management: Bishop had $64 Million in UAL and $71 Million in DAL.

These are the hedge fund with multiple large positions in airline stocks. Bill Miller had a $220 Million, Leon Cooperman had $96 Million, and Thomas Claugus had $136 Million in UAL as well.