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HEDGE FUNDS

FINANCE BANKS INVESTING WALL STREET FUNDS M&A VENTURE CAPITAL , manager of $17 billion, loves tech stocks; here are his favorites Technology stocks "look cheaper than any other part of the market even though they moved," David Tepper of Appaloosa Management told CNBC's Scott Wapner on Tuesday. A 13F filing Monday showed Appaloosa bought stakes in Alibaba and PowerShares QQQ Trust, a technology sector ETF. The billionaire's also increased its positions in Micron Technology, Alphabet and Facebook.

Tae Kim | @firstadopter Published 21 Hours Ago | Updated 18 Hours Ago

David Tepper: You're nowhere near an overheated market David Tepper: You're nowhere near  an overheated market 18 Hours Ago | 03:30

David Tepper of Appaloosa Management, one the most respected and legendary in the hedge fund business, is betting big on technology. FROM THE WEB Sponsored Links by Taboola

"Any comparisons to past overheated markets are ridiculous. ... Look at How to Create Your New Website in 20 Minutes? where multiples and rates were in 1999. I'm not saying stocks are Wix.com screaming cheap, but you're nowhere near an overheated market," Tepper told CNBC's Scott Wapner in a telephone interview Tuesday.  Cheap Hotels - At Last tripsinsider.com Technology stock "multiples are still low," he added. "They just look cheaper than any other part of the market even though they moved." Guess Where The Entrepreneurship Movement Is The hedge fund manager increased his technology holdings to 24 Thriving percent of his portfolio in the June quarter, by far his largest sector CNN for GIIF and UNIDO exposure, from 17 percent in the March quarter, according to A Solution That Puts Snoring to Bed GuruFocus.  My Snoring Solution

In March of this year, Appaloosa managed $17 billion. MENU    SUBSCRIBE › PRO WATCHLIST 

by Taboola Tepper took a 3.7 million-share stake in Chinese e-commerce giant Alibaba, according to a required 13F filing with the Securities and Exchange Commission for the June quarter released on Monday.

He also bought 1.8 million shares in PowerShares QQQ Trust, a technology sector ETF which tracks the performance of the Nasdaq 100 Billionaire Soros a index. holdout w hile hed ge funds dump Snap The firm also increased its positions in MDicarovind TTeecphpneor:l oYgoyu 'brey n6o.2w mheirlleio nnear an shares one quarter overheated market shares to 12.9 million shares, Alphabet by 110,000 shares to 585,000 after buying them shares, and Western Digital by 1.3 million shares to 2.6 million shares. Hedge fund manager Dan Loeb deletes On Micron and Western Digital, Tepper said that the "market got too racial remark from negative" on the companies. Facebook after uproar Appaloosa also added 449,000 shares of Facebook for a stake of 2.4 Cramer builds a North million shares, according to the 13F filing. Korea-proof investment portfolio — CNBC's Scott Wapner and Jeff Cox contributed to this story. Blue Apron jumps after hedge fund that  Tae Kim pushed Whole Foods Investing Journalist into Amazon's arms  buys a stake Billionaire Howard Marks: RELATED SECURITIES Passive investing making certain tech Symbol Price Change %Change stocks a 'dangerous place' GOOGL 944.51 6.43 0.69%  Mark Zuckerberg, MU 30.635 0.955 3.22% Richard Branson and Mark Cuban all agree NASD 100 5917.77 10.04 0.17% this one habit is key to success QQQ 144.28 0.25 0.17% MOST POPULAR: TECH BABA 159.2638 1.5138 0.96% Trump rips Amazon, says it causes 'great MORE FROM CNBC by Taboola damage to tax paying retailers'

Here are the stocks the top-performDinagv ihd eTdepgpee fru: Ynodus'r ea rneo wbuheyrien gnear an overheated market Stock valuations are stretched, so here's what you should do, Billionaire Richard strategist says 2. Branson weighs in on the idea of free cash The best hedge funds at picking tech stocks like these 10 names handouts the most

Obama's response to Billionaire hedge fund manager Stanley Druckenmiller is 3. Charlottesville is now betting big on the Chinese consumer the most 'liked' tweet of all time 70 percent of Americans can't answer these 3 basic money questions Meet the man  4. helping companies A top Amazon recruiter reveals her No. 1 tip for more successful like Wawa and job interviews McDonald's make  winning decisions using big data FROM THE WEB Sponsored Links by Taboola 5. David Sacks: Super Luxury Condominium on Sukhumvit 39 Register Now Cryptocurrency The Vertical Palazzo fulfills the 'original vision' we tried to build at PayPal Discover Thailand with The Best Connectivity www.airasia.com

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