Hedge Fund billionaire David Tepper bought the Carolina Panthers for $ 2.3 billion. FBN’s Stuart Varney says he’s just shocked the sports world.
Carolina Panthers owner David Tepper took through his Appaloosa Management fund a number of new strikes in most communications services, technology and payment platforms over the past 45-day period, according to regulatory filings filed with the Securities and Exchange Commission on Friday, known as 13Fs.
WHAT IS NOT WORTH BY DAVID TEPPER?
Appaloosa acquired more than 9 million shares in AT&T worth $ 274 million, but also acquired 840,000 shares of Visa Inc. valued at $ 162.3 million, 545,000 shares of Mastercard worth $ 161 million, and 870,000 shares of payment company PayPal Holdings or $ 151.6 million. Tepper’s fund also acquired 1.2 million shares of Disney at $ 133 million and 1.9 million shares of food service company Sysco Corp. worth $ 102.5 million.
| Ticker | Security | Last | Change | Change% |
|---|---|---|---|---|
| T | AT&T INC. | 30.01 | +0.10 | + 0.33% |
| V | VISA INC. | 196.64 | -0.94 | -0.48% |
| MA | MASTERCARD INCORPORATED | 326.80 | +0.61 | + 0.19% |
| PYPL | PAYPAL HOLDINGS INC. | 191.46 | -1.61 | -0.83% |
| DIS | WALT DISNEY BUSINESS | 130.53 | -0.43 | -0.33% |
| SYY | SYSCO | 59.54 | +0.94 | + 1.60% |
| EMR | EMERSON ELECTRIC CO. | 69.73 | -0.47 | -0.67% |
Appaloosa also bought 1.6 million shares of Altria Group Inc. for about $ 61 million, representing a new position in the tobacco industry. Incidentally, while Warren Buffett’s 13F fill for Berkshire Hathaway fired more than a quarter of its position in Wells Fargo & Co., Tepper strengthened its position by more than 170%, buying 1.2 million shares of San Francisco bank, representing 0.8% of Appaloosa’s total portfolio of 0.6%.
NFL PLAYBOOK FOR PRIVATE JONE has limited options and no audibles
The company also acquired 1.4 million shares of Emerson Electric Co. worth $ 87 million, about 1.5% of the fund’s portfolio.
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Large investors should disclose long-term equity positions held at the end of a quarter 45 days later in a 13F entry with the SEC, which means that such announcements are only a snapshot of investor attitudes at a given point.
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