Billionaire hedge fund manager David Tepper made major cuts to his stock portfolio in the second quarter, according to securities filings released Monday. The value of Appaloosa Management's equity positions was 36% lower at the end of June than the end of March, according to data from securities filings, and the company sold shares of many of its biggest holdings. The second quarter was a rough one for stocks, with the Nasdaq Composite falling more than 20%. It is not known when or at what price Tepper's fund made the sales. Because of the market declines and the sales, Appaloosa ended the second quarter with just six positions larger than $100 million. The firm had nine such positions at the end of the first quarter. *Total Amazon position reflects new sales and 20-for-1 stock split Appaloosa's notable cuts from major positions came from multiple industries. The fund sold some of its shares of Microsoft , Amazon , Micron and Alphabet in the tech sector. Elsewhere, Appaloosa ditched some of its stake in fertilizer maker Mosaic and retailer Macy's . The company completely exited smaller positions in several companies, including Goodyear Tire , Freeport-McMoRan and Las Vegas Sands . One large new position for Tepper's fund was Constellation Energy , coming in at almost $155 million. The fund trimmed energy exposure elsewhere, however. Appaloosa initiated small positions in several notable companies, including Salesforce , Netflix and Disney . But the combined value of those three positions was less than $50 million. The fund's move during the quarter is in line with what Tepper told CNBC earlier this year. He told CNBC's Scott Wapner in May that central banks have a credibility problem , and he told Jim Cramer in June that investors should play it safe . To be sure, the quarterly hedge fund filings do not show the complete exposure for firms. It is possible that Appaloosa added exposure to the market through other mechanisms, such as swaps, options or other derivatives.