Appaloosa Liquidates Stakes in BAC, WFC, Lowers Citi Stake

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David Tepper’s Appaloosa Management sold all of its 10 million shares of Bank of America (BAC), according to a third quarter filing the company just released. Appaloosa also sold the majority of its stake in Citigroup (C), lowering its stake to 2.5 million from 7.2 million at the end of the second quarter, as StreetInsider.com noted.

Appaloosa also liquidated its stake in Wells Fargo (WFC). Warren Buffett, meanwhile, increased his stake in Wells Fargo.

Barrons.com will have more coverage going forward on top investors’ third quarter filings, many of which are being released today.



Original Article Source by Barrons.com