This article is part of a series that provides an ongoing analysis of the changes made to David Tepper’s 13F portfolio on a quarterly basis. It is based on Appaloosa Management’s regulatory 13F Form filed on 08/14/2018. Please visit our Tracking David Tepper’s Appaloosa Management Portfolio series to get an idea of his investment philosophy and our previous update for the fund’s moves during Q1 2018.

This quarter, Tepper’s 13F portfolio value decreased ~10% from $9.72B to $8.78B. The number of holdings decreased from 53 to 48. The top-five individual stock positions are Micron Technology (NASDAQ:MU), Facebook (NASDAQ:FB), Allergan (NYSE:AGN), Alibaba (NYSE:BABA), and Altaba (NASDAQ:AABA). Combined, they account for ~53% of the 13F holdings.

To know more about Tepper's distress investing style, check out the book Distress Investing: Principles and Technique.

READ FULL ARTICLE HERE