Appaloosa's Q2 Top Buys/Sells: Intel, Broadcom, UAL, and More

David Tepper's hedge fund, Appaloosa, recently made notable Q2 buys and sells. The fund initiated new positions in Intel, United Airlines, and Delta Air Lines, while also making moves in Broadcom, among others.

Hedge fund manager David Tepper's Appaloosa hedge fund has been active in the second quarter, making significant buys and sells in several key sectors. According to recent reports, Appaloosa initiated new positions in Intel (NASDAQ:INTC), United Airlines (NASDAQ:UAL), and Delta Air Lines (NYSE:DAL), among others [1].

In particular, the fund opened new positions in Intel, purchasing 8.0 million shares, and in Delta Air Lines, buying 550,000 shares. Additionally, United Airlines saw a purchase of 550,000 shares. These moves come amidst broader market conditions and regulatory shifts that could impact the performance of these stocks.

Intel, a leading semiconductor company, has been a focus of Appaloosa's investment strategy, likely driven by the company's role in the ongoing tech revolution and its strong financial performance. United Airlines and Delta Air Lines, both major players in the aviation industry, have also been the subject of regulatory changes that could influence their stock prices.

Delta Air Lines, in particular, has seen its stock surge due to a U.S. Department of Justice decision to revoke antitrust immunity for its joint venture with Grupo Aeroméxico. This regulatory shift allows Delta to operate with greater flexibility and pursue alternative partnerships, potentially enhancing its competitive position in the U.S.-Mexico aviation market [2].

The regulatory changes come at a time when Delta Air Lines has been demonstrating strong financial performance. Over the past year, Delta's stock has delivered impressive returns of 46.63%, significantly outperforming the S&P 500's 19.89% return. Over the past five years, Delta's stock has delivered returns of 99.39%, compared to the S&P 500's 89.55% return [2].

Investors are closely watching the upcoming earnings date of October 9, 2025, to gain more insight into how these regulatory changes and route optimization strategies will impact Delta's future profitability and market share expansion opportunities.

References:
[1] https://seekingalpha.com/news/4485654-david-teppers-appaloosa-top-q2-buyssells-feature-intel-broadcom-ual-others
[2] https://www.investing.com/analysis/us-policy-shift-provides-tailwind-for-delta-air-lines-stock-200665199