Billionaire David Tepper's Appaloosa Jumps Out of Adobe and Into This Iconic Company
Portfolio Pulse from
David Tepper's hedge fund, Appaloosa LP, has exited its position in Adobe and invested in another iconic company, as per its Q4 2024 13F holdings report.
February 13, 2025 | 1:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Appaloosa LP, led by David Tepper, has exited its position in Adobe, as revealed in its Q4 2024 13F holdings report. This move could indicate a lack of confidence in Adobe's short-term prospects.
The exit of a major hedge fund like Appaloosa from Adobe suggests a potential lack of confidence in the company's short-term performance, which could negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80