{
  "id": 5909492,
  "title": "David Tepper Sold 41% of His Micron Shares and It Is Still His Second-Biggest Holding",
  "url": "https://urgent.news/2026/09/04/david-tepper-sold-41-of-his-micron-shares-and-it-is-still-his-second-5909492",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T21:34:01.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/david-tepper-sold-41-micron-213401392.html"
  },
  "original_language": "en",
  "account": "David Tepper, the CEO of hedge fund Appaloosa Management, recently sold 41% of his Micron Technology holdings. Despite this reduction, Micron remains the hedge fund's second-largest position. In June, Appaloosa kept 975,000 shares worth about $1.13 billion, which made up around 15% of their portfolio. This position was more than double what they held in March and took up nearly 15% of the fund's holdings. Micron's stock climbed from around $338 to $1,154 over the quarter, and the fund's remaining stake was worth nearly twice what it was in March. The sale was not a sign of a manager exiting the stock, but rather a way to keep their bet from growing too large. Micron's revenue reached $41.5 billion in the fiscal third quarter of 2026, up more than quadruple from the previous year and nearly doubling from the previous quarter. The company's earnings have earned it a low price-to-earnings ratio, which usually indicates that the market expects future earnings to fall. Tepper views Micron as a hold, despite its large valuation, due to the company's enormous profits and the cyclicality of the memory industry.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Motley Fool",
        "title": "David Tepper Sold 41% of His Micron Shares and It Is Still His Second-Biggest Holding",
        "url": "https://urgent.news/2026/09/04/david-tepper-sold-41-of-his-micron-shares-and-it-is-still-his-second-5654160",
        "published": "2026-09-04T21:14:01.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "David Tepper Sold 41% of His Micron Shares and It Is Still His Second-Biggest Holding",
        "url": "https://urgent.news/2026/09/04/david-tepper-sold-41-of-his-micron-shares-and-it-is-still-his-second",
        "published": "2026-09-04T21:34:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}