# Appaloosa LP

> Appaloosa LP is an SEC-registered investment advisory firm in Short Hills, NJ, registered since 2015, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 281909
- Filed as: APPALOOSA LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Short Hills, NJ
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/281909
- AdvisorCensus page: https://advisorcensus.com/firm/appaloosa-lp-short-hills-nj-281909

## Quick answers

**How is Appaloosa LP compensated?**
On its Form ADV (Item 5.E, October 2026), Appaloosa LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Appaloosa LP charge?**
Its Form ADV Part 2A brochure dated March 25, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Appaloosa LP located?**
Appaloosa LP's principal office is in Short Hills, NJ, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Appaloosa LP registered with the SEC or a state?**
Appaloosa LP is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 281909.

**How much does Appaloosa LP manage?**
Appaloosa LP reports $20,396,101,407 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Appaloosa LP's assets and staff changed since 2021?**
In the Form ADV data for Appaloosa LP: Regulatory assets under management: $12,707,214,000 in the October 2021 data and $20,396,101,407 in the October 2026 data, up 61%. Total employees: 22 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Appaloosa LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Appaloosa LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/281909

**What changed in Appaloosa LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $17,719,954,304 to $20,396,101,407 (+15%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Asset-based fee: 2% of assets a year

> Appaloosa charges non-affiliated investors in Palomino Fund an investment management fee at the rate of 2.0% of net assets annually.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $20,396,101,407
- Discretionary: $20,396,101,407
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $20,396,101,407 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2015 (10 years)
- Employees: 21 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- West Palm Beach, FL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $12,707,214,000 | 22 | March 18, 2021 |
| October 2022 | $14,596,583,551 | 23 | March 15, 2022 |
| October 2023 | $13,794,100,984 | 23 | March 23, 2023 |
| October 2024 | $16,758,855,580 | 23 | March 19, 2024 |
| October 2025 | $17,719,954,304 | 21 | March 24, 2025 |
| October 2026 | $20,396,101,407 | 21 | March 25, 2026 |

Regulatory assets under management: $12,707,214,000 in the October 2021 data and $20,396,101,407 in the October 2026 data, up 61%.
Total employees: 22 in October 2021 and 21 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $17,719,954,304 to $20,396,101,407 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Appaloosa LP (CRD 281909): Form ADV filing data as of October 2026.