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Tepper’s Appaloosa loads up on new stakes in AT&T, Visa, PayPal, Disney, and Mastercard

David Tepper’s fund Appaloosa took a number of new stakes in mostly communication services, technology an payment platforms over the past 45-day period, according to regulatory filings submitted to the Securities and Exchange Commission on Friday, known as 13Fs. Appaloosa acquired more than 9 million shares in AT&T
T,
+0.33%

worth $274 million, but also picked up 840,000 shares of Visa Inc.
V,
-0.47%

valued at $162.3 million, 545,000 shares of Mastercard
MA,
+0.18%

worth $161 million, and 870,000 shares of payments company PayPal Holdings
PYPL,
-0.83%
,
or $151.6 million. Tepper’s fund also scooped up 1.2 million shares of Disney at $133 million and 1.9 million shares of food-services company Sysco Corp.
SYY,
+1.60%

worth $102.5 million. Appaloosa also purchased 1.6 million shares of Altria Group Inc. for about $61 million, representing a new position in the tobacco company. Incidentally, while the 13F fillings for Warren Buffett’s Berkshire Hathaway
BRK.A,
-0.58%

BRK.B,
-0.48%

was unloading more than a quarter of its position in Wells Fargo & Co.
WFC,
+1.11%
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Tepper boosted his position by more than 170%, buying 1.2 million shares of the San Francisco bank, representing 0.8% of Appaloosa’s overall portfolio from 0.6%. The company also picked up 1.4 million shares of Emerson Electric Co.
EMR,
-0.67%
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worth $87 million, about 1.5% of the fund’s portfolio. Large investors must disclose long stock positions held at the end of a quarter 45 days later in a 13F filing with the SEC, which means such filings are merely a snapshot of an investor holdings at a given point.

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