One of the best ways to understand what the "smart money" on Wall Street is thinking is by combing through quarterly 13F filings. Large hedge funds must file a 13F every quarter, disclosing which stocks they are buying, holding, and selling.

One of the best money managers of the past 30 years has been David Tepper of Appaloosa Management. Between 1993 and 2013, Tepper averaged a stunning 40% annualized return, and has had a roughly 23%-25% net historical return from 1993 until today.

Needless to say, investors may be interested to know which stocks Tepper likes at the moment. With an appetite for both high-quality growth stocks and bargain-priced value stocks, Tepper appears to have swapped one type of stock for the other in the first quarter 2024.

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Source Fool.com