Appaloosa LP
Last Updated: 12/3/2020
Appaloosa LP is a Limited Partnership that started in 2016 and is primarily owned and controlled by David Tepper.
Appaloosa provides advisory services to Palomino Master Ltd. and Azteca Partners LLC. While Palomino Master Ltd is intended for sophisticated investors and institutional investors, Azteca Partners LLC is an investment vehicle exclusively for principals and employees of Appaloosa. 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.
In 2019, David Tepper announced that he would convert Appaloosa to a Family Office, maintaining only a handful of investors while returning the remainder of the money to clients. It was reported at the time that Tepper's desire was to place more focus on building up his football team, the Carolina Pathers, while continuing to manage his personal wealth.
Appaloosa LP operates out of an office in Short Hills, NJ. Based on the Form ADV filed on 2020-03-24 00:00:00, the investment firm is comprised of 28 employees, only 11 of whom performs investment advisory functions.
Fact Sheet
- Name: Appaloosa LP
- CRD No: 281909
- Filing Recorded: 2020-03-24 00:00:00
- Year of Origin: 2016
- Employees: 28
- Clients: 2
- AUM: 13,462,000,000
- Management Fee: 2 Percent
- Performance Fee: 20 Percent
- Client Type: Pooled Investment Vehicles
- Assets Traded: Unspecified
Contact
- Website: http://amlp.com/
- Email: Unknown
- Telephone: 973-701-7000
- Address: 51 John F. Kennedy Parkway Short Hills, NJ 07078
Investment Strategy
According to the brochure submitted to IAPD, Appaloosas investment strategy is as follows:
Appaloosa purchases and sells high-yield bonds, bank loans to highly-leveraged companies, sovereign debt and other debt and equity securities, including securities of financially-distressed companies, in an effort to obtain annual returns substantially in excess of those derived from buy-and-hold strategies for investment-grade fixed-income, high-yield debt and equity securities.
Methods of Analysis
In addition, Appaloosas methods of analysis include:
Appaloosa utilizes a variety of methods and strategies to make investment decisions and recommendations. The primary method of analysis is fundamental research.
Top 10 Holdings from Form 13F
Reporting Period: 09/30/2020
| Issuer | Share | Value(1000s) | Put/Call |
|---|---|---|---|
| PG&E CORP | 80,775,057 | 758,478 | |
| ALIBABA GROUP HLDG LTD | 2,220,000 | 652,636 | |
| T-MOBILE US INC | 5,215,000 | 596,387 | |
| MICRON TECHNOLOGY INC | 12,250,000 | 575,260 | |
| FACEBOOK INC | 1,767,500 | 462,908 | |
| AMAZON COM INC | 141,500 | 445,545 | |
| ALPHABET INC | 257,500 | 378,422 | |
| TWITTER INC | 4,660,000 | 207,370 | |
| MASTERCARD INCORPORATED | 442,500 | 149,640 | |
| VISA INC | 680,000 | 135,980 |
Historical 13F Filings
EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forAppaloosa LPin our 13F section HERE.
To get the comprehensive list of holdings that fall under 13F regulatory guidelines, check out our write up on how to access and use 13Fs in your personal investment decisions.