David Tepper's Appaloosa buys stakes in Disney, Caesar's Entertainment

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The billionaire bought shares of two entertainment stocks and added to a hospital chain in the fourth quarter.

Billionaire hedge fund manager David Tepper built stakes in two large entertainment companies in the fourth quarter, according to securities filings . Tepper's Appaloosa Management bought 300,000 shares of Disney and 425,000 shares of Caesar's Entertainment during the fourth quarter. Those stakes were worth roughly $26.1 million and $17.7 million, respectively, at the end of December.

Appaloosa's largest positions remain concentrated in energy and technology, led by Constellation Energy and Alphabet . Elsewhere in the portfolio, Tepper added to his stake in hospital chain HCA Healthcare while trimming his position in Facebook-parent Meta Platforms . The latest security filings show only the long equity positions for Appaloosa, and do not reflect any potential hedges, options holdings or shorts.

 

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