Tepper’s Appaloosa Raises Stake in UnitedHealth, Adds Intel

Appaloosa’s David Tepper also took an interest in UnitedHealth Group’s stock last quarter. (Dreamstime)

David Tepper’s Appaloosa snapped up shares of UnitedHealth Group during the second quarter and took new stakes in Intel and other stocks, according to a regulatory filing.

The investment manager increased Appaloosa’s UnitedHealth holdings to 2.45 million shares, up from 180,000 shares in the first quarter. The latest stake, as of the end of June, was reported to be $764 million.

High-profile investment managers reported their quarterly holdings on Thursday, with Warren Buffett’s Berkshire Hathaway making headlines about a new $1.6 billion stake in UnitedHealth.

Appaloosa’s filing reported a new 8 million-share stake in Intel, valued around $179 million. The Securities and Exchange Commission requires the disclosures to be made 45 days after the end of a quarter, so fund holdings could have shifted since the end of the period.

New stakes include Goodyear Tire & Rubber (860,000 shares), RTX (585,000), and United Airlines (550,000), among others.

Tepper’s firm also raised its holdings of chip makers Nvidia (to 1.75 million shares from 300,000 shares), Taiwan Semiconductor Manufacturing (to 1.03 million from 270,000); and Micron Technology (to 830,000 from 400,000).

The firm appears to have closed positions in casino and resort operators Las Vegas Sands and Wynn and in the chip maker Broadcom.

Write to Liz Moyer at liz.moyer@barrons.com and Janet H. Cho at janet.cho@dowjones.com