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Kevin Eng Loves David Tepper More Than He Loves Stan Druckenmiller

Despite a 17.67% decline in the share prices of United Continental Holdings Inc (NYSE:UAL), Columbus Hill Capital Management initiated a new position in the air transportation company with 391,404 shares worth $26.32 million. On the other hand, Appaloosa Management reduced its stake in the holding company by 19% during the first quarter of 2015 with 3.97 million shares valued at $266.88 million. United Airlines, subsidiary of United Continental Holdings, added two used Boeing planes of Copa Airlines, business arm of Copa Holdings, S.A. (NYSE:CPA), 737 and 700, to its existing fleet. In addition to it, United Airlines is all set to offer premium air transportation services at Newark Liberty International Airport starting this October. Some of these services include flatbed seats in BusinessFirst cabin and extra legroom in its Economy plus class flights. On top of it, the airliner has invested more than $2 billion at the Newark International Airport for building world-class gateway. Daniel Och’s Oz Management is among the primary stockholders of United Continental Holdings Inc (NYSE:UAL).

One interesting fact about the airlines stocks is that David Tepper sold out of its $233 million American Airlines (NASDAQ:AAL) position by the end of Q1. On the other side of the trade might have been Kevin Eng as he boosted his AAL stake by 78% during the quarter. We recently discussed insider trading activity at American Airlines in this article.

David Tepper
David Tepper
Appaloosa Management LP

Google Inc (NASDAQ:GOOGL) is another common stock pick of Appaloosa Management and Columbus Hill Capital Management. David Tepper owns 342,427 Class A shares of Google along with 407,937 Class B shares of the search engine company. Appaloosa Management has reduced its stake in Google Inc (NASDAQ:GOOGL) as shown in its 13F filing for the first quarter of 2015. Somewhat similar trend was observed in Columbus Hill Capital Management as the investment manager reduced its stake in the tech giant by 60% to 43,674 shares valued at $24.23 million. Following a similar trend in the technology industry, Google Inc (NASDAQ:GOOGL) has launched its own music streaming service, Google Play. The search engine company has launched Google Play against the upcoming music service of Apple Inc. (NASDAQ:AAPL) and other competitors like Spotify. Google will offer the trial version of the music streaming service free and it will introduce a subscription package later for a monthly fee of $9.99 for the next two years. This service will include radio stations, which is likely to give it a competitive edge over Apple’s music service. Andreas Halvorsen is among one of the primary stockholders of Google Inc (NASDAQ:GOOGL).

Disclosure: None

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