This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

David Tepper's Top 10 Tech Stocks

NEW YORK (Stockpickr) -- Appaloosa Management's David Tepper shot to hedge fund stardom in September 2010 when he predicted that stocks had nowhere to go but up. The S&P 500 complied, ending 2010 up about 13%.

Last month, he returned to CNBC to say that though he's more cautious than he was several months ago, he's still bullish. "The economy is so much better now," he said, but "it's not a free ride in this market." He said equities still made for strong investments, singling out semiconductor stocks such as Micron (MU).

And Tepper was willing to put his money where his mouth was. In the fourth quarter he made a big enough purchase of Micron, a new position, to count it as one of Appaloosa's top holdings.

With this in mind, Stockpickr, which tracks the top 30 holdings of various mutual funds, hedge funds and super investors, is taking a look at the holdings of Appaloosa Management -- in particular its tech holdings. Tepper continued to increase his exposure to tech in the fourth quarter. According to GuruFocus.com, his portfolio is now 21.9% weighted to tech, second only to his financials exposure.

Here's a closer look at some of Tepper's largest financial holdings as of his latest 13F filing with the SEC, which reflects holdings as of Dec. 31, 2010.

10. Yahoo!

As of the most-recent reporting period, Yahoo! (YHOO) comprises 0.9% of Appaloosa's portfolio. The 2.7 million-share position represents a 3% decrease from the previous quarter.

Yahoo! shows up in one of Stockpickr's most popular portfolios, that of George Soros' Soros Fund Management. Soros decreased his position by 35.2% in the most-recent quarter, to 2.2 million shares.



Stock Overview: Yahoo! is a global Internet brand. It has a market of $21.6 billion and a 3.1 short interest ratio, and it trades at a P/E of 18.4.

Analyst Ratings: Of 34 analysts covering the stock, 16 rate it a buy, 17 rate it a hold, and one rates it a sell. TheStreet Ratings has a C+ hold rating on the stock.

More on Yahoo!: Yahoo! was one of Barclays' 30 best stock picks for 2011, and Scott Rothbort recently highlighted it as one of several stocks that could benefit from M&A in 2011.

1 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs