APPALOOSA LP

other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}
cb

Adviser Profile
As of Date 03/19/2024
Adviser Type - Large advisory firm
Number of Employees 23
of those in investment advisory functions 12
Registration SEC, Approved, 11/17/2015
AUM* 16,758,855,580 21.49%
of that, discretionary 16,758,855,580 21.49%
Private Fund GAV* 16,758,855,580 15.66%
Avg Account Size 8,379,427,790 21.49%
SMA’s No
Private Funds 2
Contact Info 973 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
21B 18B 15B 12B 9B 6B 3B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$16,758,855,580

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM #Funds
Adviser CROW HOLDINGS CAPITAL Hedge Fund8.9b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV8.9b AUM14.0b #Funds24
Adviser AKRE CAPITAL MANAGEMENT, LLC Hedge Fund2.2b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV2.2b AUM14.8b #Funds3
Adviser ARK INVEST Hedge Fund56.4m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV56.4m AUM15.2b #Funds2
Adviser DURABLE CAPITAL PARTNERS LP Hedge Fund16.9b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV16.9b AUM16.9b #Funds2
Adviser HIMALAYA CAPITAL Hedge Fund15.0b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV15.0b AUM15.0b #Funds1
Adviser CEVIAN CAPITAL II GP LIMITED Hedge Fund14.0b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV14.0b AUM14.0b #Funds2
Adviser MERITAGE GROUP LP Hedge Fund20.2b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV20.2b AUM13.8b #Funds9
Adviser UBS OCONNOR LLC Hedge Fund- Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV- AUM13.8b #Funds-
Adviser ALYESKA INVESTMENT GROUP, L.P. Hedge Fund22.0b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV22.0b AUM22.0b #Funds1
Adviser LINDEN ADVISORS LP Hedge Fund18.2b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV18.2b AUM18.8b #Funds2

Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker01609W102 Stock NameALIBABA GROUP HLDG LTD $ Position$756,000,000 % Position12.00% $ Change-7.00% # Change-7.00%
Stck Ticker023135106 Stock NameAMAZON COM INC $ Position$671,543,750 % Position11.00% $ Change-3.00% # Change-9.00%
Stck Ticker594918104 Stock NameMICROSOFT CORP $ Position$528,007,064 % Position9.00% $ Change-10.00% # Change-16.00%
Stck Ticker30303M102 Stock NameMETA PLATFORMS INC $ Position$471,445,700 % Position8.00% $ Change-14.00% # Change-17.00%
Stck Ticker02079K107 Stock NameALPHABET INC $ Position$353,083,500 % Position6.00% $ Change12.00% # Change-7.00%
Stck Ticker68389X105 Stock NameORACLE CORP $ Position$282,400,000 % Position5.00% $ Change-2.00% # Change-13.00%
Stck Ticker722304102 Stock NamePDD HOLDINGS INC $ Position$257,923,000 % Position4.00% $ Change6.00% # Change-8.00%
Stck Ticker007903107 Stock NameADVANCED MICRO DEVICES INC $ Position$222,227,700 % Position4.00% $ Change-24.00% # Change-16.00%
Stck Ticker00724F101 Stock NameADOBE INC $ Position$199,994,400 % Position3.00% $ Change13.00% # Change3.00%
Stck Ticker31428X106 Stock NameFEDEX CORP $ Position$164,912,000 % Position3.00% $ Change-5.00% # Change-8.00%

Brochure Summary

Overview

A. General Description of Firm. Appaloosa, a Delaware limited partnership, is an investment adviser with its principal place of business in Short Hills, New Jersey. Appaloosa commenced operations as an investment adviser on January 1, 2016. On that date, Appaloosa replaced Appaloosa Management L.P. (“AMLP”), a Delaware limited partnership, as investment adviser to Palomino Master Ltd. Appaloosa Capital Inc. is the general partner of Appaloosa. David A. Tepper is the principal owner of Appaloosa, Appaloosa Capital Inc. and AMLP. B. Description of Advisory Services. Appaloosa provides advisory services on a discretionary basis to two private funds, Palomino Master Ltd. ("Palomino Master"), its feeder fund Palomino Fund Ltd. (“Palomino Fund”) and Azteca Partners LLC (“Azteca” and collectively with Palomino Master and Palomino Fund, “Clients” or “Funds”). Palomino Fund is intended for sophisticated investors and institutional investors. Azteca is an investment vehicle primarily for principals and employees of Appaloosa. Appaloosa is generally granted broad investment authority with respect to the management of the accounts of its Clients. Appaloosa seeks to obtain annual returns substantially in excess of those derived from buy- and-hold strategies for equity securities, investment-grade fixed-income and high-yield debt by purchasing and selling high-yield
bonds, bank loans to highly-leveraged companies, sovereign debt and other debt and equity securities, including securities of financially-distressed companies and special purpose acquisition companies (SPACs). Investors and prospective investors should refer to the confidential private placement memorandum of Palomino Fund and the limited liability company agreement, memorandum and articles of association, and other governing documents for each Fund (the “Governing Documents”) for more complete information about the investment objectives and investment restrictions with respect to a particular Fund. There is no assurance that the investment objectives will be achieved. C. Availability of Tailored Services for Individual Clients. Appaloosa may enter into “side letters” or similar agreements with certain investors in the Funds granting the investor certain specific rights, benefits, or privileges that are not made available to other investors. Investors may not impose restrictions on investing in certain securities or certain types of securities except as agreed to in the Governing Documents. D. Wrap Fee Programs. Appaloosa does not participate in wrap fee programs. E. Assets Under Management. As of January 1, 2024, Appaloosa had approximately $15,174,095,131 in net assets under management, all of which was managed on a discretionary basis.