David Tepper's Appaloosa just dropped about $1 billion on 4 pharma stocks (PFE, TEVA, MYL, AGN)
Reuters
David Tepper's Appaloosa went big on pharma stocks in the fourth quarter.
The fund took big new positions in Teva ($183 million), Pfizer ($156 million), and Mylan ($125 million) in the final three months of the year, according to a 13F filing. They were the fund's biggest new positions in the period.
In addition, Appaloosa raised its stake in Allergan by 250%, increasing its position by around 3 million shares to a stake worth $894.9 million. The additional shares are worth around $660 million... Читать дальше...