Tepper/Appaloosa reducing heavy positions in NVDA, META, GOOGL suggests these are not where alpha is found
Major fund reductions from mega-cap tech implies capital reallocation to other opportunities
The more telling signs of Tepper / Appaloosa are the reductions from heavyweights like $NVDA $META $GOOGL. Implies there are more alphas somewhere else. https://t.co/0JNFJmemdE
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +0.0% | +0.0% |
| 1 week | -2.0% | -3.6% |
| 1 month | -7.0% | -9.1% |
| 3 months | — | — |
| 6 months | — | — |