David Tepper’s Appaloosa Management Sold These 5 Stocks Before Entering 2022

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Below is the list of 5 stocks David Tepper’s Appaloosa Management sold before entering 2022. For a detailed discussion about David Tepper’s investment philosophy and portfolio management strategies please see David Tepper’s Appaloosa Management Sold These 10 Stocks Before Entering 2022.

5. Twitter, Inc. (NYSE:TWTR)

Number of hedge fund holders: 83

Shares of Twitter, Inc. (NYSE:TWTR) have been under pressure over the last twelve months amid slower than expected growth.  The company’s fourth-quarter revenue of $1.57 billion missed analysts’ expectations by $6 million while earnings per share missed the target by $0.01 per share. According to the latest 13F filings, Appaloosa Management sold its entire stake in the company. Moreover, several other hedge funds also dumped their position in the social media platform. It was in 83 hedge funds’ portfolios as of December compared to 94 positions in the previous quarter. 

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