Appaloosa Management, run by billionaire David Tepper, sold off its entire stake of Apple last quarter. Tepper is expected to purchase the Carolina Panthers NFL team for $2.2 billion, it was reported Tuesday. Follow Apple's stock price in real-time here. David Tepper’s hedge fund, Appaloosa Management, exited its stake in Apple during the first quarter, documents filed Tuesday show. At Tuesday’s prices, the sale of 4,587,852 shares would be worth more than $853 million. The sale was made public in a form known as a 13-F, which all institutional asset managers are required to file after each quarter.