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

3. Paysafe Limited (NYSE:PSFE)

Number of hedge fund holders: 32

Shares of Paysafe Limited (NYSE:PSFE) have been sliding amid easing social distancing policies and expectations for slower revenue growth. Paysafe provides digital commerce solutions to online businesses. The commerce fintech expects fiscal 2021 revenue in the range of $1.47 billion-$1.48 billion compared to previous estimates of $1.53 billion-$1.55 billion.

It is among the stocks David Tepper’s Appaloosa Management sold before entering 2022. The firm sold its stake in the company during the December quarter. The number of long hedge fund positions also fell to 32 as of December compared to 42 positions in the previous quarter, according to data tracked by Insider Monkey.