the hedge fund of billionaire david tepper had an active first quarter exiting positions in several major companys while doubling down on a few tech names securities filings released monday showed that teppers appaloosa management was largely a seller of equities during the first quarter with two exceptions among his top holdings the hedge fund manager did add to his positions in amazon and microsoft during the quarter one notable buy not on the list above is uber  appaloosa bought nearly 18 million shares in the transportation company during the first quarter bringing its total to more than 2 million that stake was valued at about 72 million at the end of march the fund made several notable moves in the retail industry appaloosa closed small positions in foot locker and gap  while trimming larger positions in macys and kohls  tepper also closed out positions in homebuilders dr horton and pultegroup  general motors and telecom giant tmobile  the tmobile and general motors positions were both worth more than 100 million at the end of december the moves in gm and the retail stocks are reversals of purchases in the prior quarter there was some buying during the quarter though as appaloosa initiated two small casino positions in wynn and las vegas sands  the quarterly securities filings from hedge funds show stocks that are owned directly by the funds and options on securities but not short positions tepper told cnbcs jim cramer last week that he had covered his short position against the nasdaq  the filing also does not show when exactly trades were made so it is unclear if tepper made these trades early enough in the quarter to avoid the major drawdown in stocks