David Tepper Cuts Apple Inc., Sells Microsoft, Buys J.C. Penney

David Tepper’s Appaloosa Management wrapped up several positions in the last quarter, and made major reductions to a bunch of others. David Tepper’s position in Apple Inc. (NASDAQ:AAPL) was reduced from 383k shares to 139k shares. The fund also slashed its position in Ford Motor Company (NYSE:F) from 10.45 million shares to 2.76 million shares. Stake in Bank of America Corp (NYSE:BAC) was cut to 4.1 million shares from 6.3 million shares, and Fusion-IO, Inc. (NYSE:FIO) was cut to 1 million shares. Stakes in Google Inc (NASDAQ:GOOG) and SanDisk Corporation (NASDAQ:SNDK) were also trimmed. Appaloosa sold out its entire stakes in Comcast Corporation (NASDAQ:CMCSA), Microsoft Corporation (NASDAQ:MSFT), NetApp Inc. (NASDAQ:NTAP) and CF Industries…