9AT: APPALOOSA LP

other names

APPALOOSA LP

Adviser Profile

As of Date	03/24/2025
ADV Location	SHORT HILLS, NJ, United States
Adviser Type - Large advisory firm
Number of Employees	21 -9%
of those in investment advisory functions	12
Registration	SEC, Approved, 11/17/2015

AUM^*	17,719,954,304 28%
of that, discretionary	17,719,954,304 28%
Private Fund GAV^*	17,719,954,304 6%
Avg Account Size	8,859,977,152 28%
SMA’s	No
Private Funds	3 1
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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$17,719,954,304

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 Fund10.3b	Liquidity Fund-	Private Equity Fund125.0k	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV10.3b	AUM14.0b	#Funds40
Adviser AKRE CAPITAL MANAGEMENT, LLC	Hedge Fund2.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.4b	AUM14.4b	#Funds3
Adviser ARK INVEST	Hedge Fund64.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund271.5m	Other Fund3.3m	Total Private Fund GAV610.2m	AUM13.0b	#Funds13
Adviser DURABLE CAPITAL PARTNERS 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	AUM18.2b	#Funds5
Adviser HIMALAYA CAPITAL	Hedge Fund17.2b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV17.2b	AUM17.2b	#Funds2
Adviser CEVIAN CAPITAL II GP LIMITED	Hedge Fund14.2b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV14.2b	AUM14.3b	#Funds4
Adviser MERITAGE GROUP LP	Hedge Fund21.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV21.3b	AUM14.6b	#Funds12
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 Fund31.7b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV31.7b	AUM31.7b	#Funds3
Adviser LINDEN ADVISORS LP	Hedge Fund26.6b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV26.6b	AUM27.3b	#Funds4

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker01609W102	Stock NameALIBABA GROUP HLDG LTD	$ Position$801,499,204	% Position12.00%	$ Change-34.00%	# Change-23.00%
Stck Ticker91324P102	Stock NameUNITEDHEALTH GROUP INC	$ Position$764,326,500	% Position12.00%	$ Change734.00%	# Change1300.00%
Stck Ticker023135106	Stock NameAMAZON COM INC	$ Position$592,353,000	% Position9.00%	$ Change24.00%	# Change8.00%
Stck Ticker30303M102	Stock NameMETA PLATFORMS INC	$ Position$295,236,000	% Position5.00%	$ Change-7.00%	# Change-27.00%
Stck Ticker92840M102	Stock NameVISTRA CORP	$ Position$348,858,000	% Position5.00%	$ Change29.00%	# Change-22.00%
Stck Ticker629377508	Stock NameNRG ENERGY INC	$ Position$317,948,400	% Position5.00%	$ Change62.00%	# Change-3.00%
Stck Ticker67066G104	Stock NameNVIDIA CORPORATION	$ Position$276,482,500	% Position4.00%	$ Change750.00%	# Change483.00%
Stck Ticker594918104	Stock NameMICROSOFT CORP	$ Position$248,705,000	% Position4.00%	$ Change30.00%	# Change-2.00%
Stck Ticker874039100	Stock NameTAIWAN SEMICONDUCTOR MFG LTD	$ Position$232,152,250	% Position4.00%	$ Change418.00%	# Change280.00%
Stck Ticker90353T100	Stock NameUBER TECHNOLOGIES INC	$ Position$256,575,000	% Position4.00%	$ Change10.00%	# Change-14.00%

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.

APPALOOSA LP

Adviser Profile

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Top Holdings

Brochure Summary

Overview