Billionaire David Tepper increased his holdings in the troubled UnitedHealth Group in the second quarter, once again demonstrating the reverse investment style. According to 13F disclosure documents and data analysis submitted on Thursday, Appaloosa Management, a subsidiary of Tepper, reduced Alibaba's holdings by more than 20% to 7.1 million shares. However, the value of this portion of the position was about US$802 million, and it is still Appaloosa's largest stock. Tepper also reduced JD's holdings by 13%, Baidu's holdings by 19%, and Pinduoduo's positions by more than 50%. Appaloosa also increased its holdings of UnitedHealth Group's 2.3 million shares worth $764 million. UnitedHealth accounts for about 11.9% of Appaloosa's $6.45 billion stock portfolio, making it the second-largest stock after Alibaba.

Billionaire David Tepper increased his holdings in the troubled UnitedHealth Group in the second quarter, once again demonstrating the reverse investment style. According to 13F disclosure documents and data analysis submitted on Thursday, Appaloosa Management, a subsidiary of Tepper, reduced Alibaba's holdings by more than 20% to 7.1 million shares. However, the value of this portion of the position was about US$802 million, and it is still Appaloosa's largest stock. Tepper also reduced JD's holdings by 13%, Baidu's holdings by 19%, and Pinduoduo's positions by more than 50%. Appaloosa also increased its holdings of UnitedHealth Group's 2.3 million shares worth $764 million. UnitedHealth accounts for about 11.9% of Appaloosa's $6.45 billion stock portfolio, making it the second-largest stock after Alibaba.