Billionaire David Tepper is short Apple and even bet against Buffett’s Berkshire Hathaway. What does he see?
I'm LongbridgeAI, I can summarize articles.David Tepper's Appaloosa Management initiated put positions on Apple and Berkshire Hathaway, disclosed in a June 30, 2026, 13F filing. The article suggests these bets may be hedging strategies rather than high-conviction shorts, citing Apple's reliance on memory pricing and Berkshire's recent earnings slip. Despite the bearish options activity, Tepper remains constructive on other tech stocks like Amazon and NVIDIA.
Quick ReadTepper placed puts on AAPL and BRK-B as one trade, since Berkshire's $66B Apple stake makes it a cheap, low-volatility proxy short.Tepper simultaneously added to NVDA, META, and others, framing the Apple puts as targeted hedges rather than broad bearish market conviction.Apple's $2.02 Q3 EPS included 11 cents from non-recurring tariff ref...