Profiles >> Appaloosa LP

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.


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Historical Portfolio Holdings for Appaloosa LP