DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Appaloosa LP

Asset manager (funds and pooled vehicles)Short Hills, New JerseyCRD 281909SEC 801-106869IAPD
Latest filing Mar 25, 2026
First filing on the tape Oct 28, 2015 · 15 filings
SEC status approved since Nov 17, 2015
RAUM
$20B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
21
12 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$20B as of Mar 25, 2026
Mar 28, 2016$21B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 28, 20160 then
Employees (5.A)21 as of Mar 25, 2026
Mar 28, 201633 then
Private funds2 as of Mar 25, 2026
Mar 28, 20162 then
RAUM +15% over the last fiscal year+14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$10BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$20B, 2 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$20B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$20B for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Azteca Partners LLCHedge Fund$11B33Mar 29, 2018
      Palomino Master Ltd.Hedge Fund$5.7B51Jan 11, 2016
      Appaloosa Investment L.P. Ino longer reportedHedge Fund$2.1B137Feb 3, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • Andrew David Bersh · Chief Compliance Officer; General Counsel; Secretary Of The General Partnercontrol
        since 03/2019 · owns less than 5%
      • Edward James Bolin · Vice President Of The General Partnercontrol
        since 09/2015 · owns less than 5%
      • Louis Michael Palmer · Treasurer Of The General Partner; Chief Financial Officercontrol
        since 09/2015 · owns less than 5%
      • Alan David Tepper · President Of The General Partnercontrol
        since 09/2015 · owns less than 5%
      • Alan David Tepper · Presidentcontrol
        since 09/2015 · owns 75% or more of Appaloosa Capital Inc.
      Entity owners
      • Appaloosa Capital Inc. · General Partner
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      • West Palm Beach, FL
      What changed
      consecutive filings, newest first
      • Assets in custody · $18B to $20B
        Mar 24, 2025 to Mar 25, 2026
      • Discretionary RAUM · $18B to $20B
        Mar 24, 2025 to Mar 25, 2026
      • Pooled vehicle RAUM · $18B to $20B
        Mar 24, 2025 to Mar 25, 2026
      • RAUM · $18B to $20B
        Mar 24, 2025 to Mar 25, 2026
      • Assets in custody · $17B to $18B
        Mar 19, 2024 to Mar 24, 2025
      • Employees · 23 to 21
        Mar 19, 2024 to Mar 24, 2025
      • Financial planning clients · unset to
        Mar 19, 2024 to Mar 24, 2025
      • Discretionary RAUM · $17B to $18B
        Mar 19, 2024 to Mar 24, 2025
      • Pooled vehicle RAUM · $17B to $18B
        Mar 19, 2024 to Mar 24, 2025
      • RAUM · $17B to $18B
        Mar 19, 2024 to Mar 24, 2025
      • Assets in custody · $14B to $17B
        Mar 23, 2023 to Mar 19, 2024
      • Discretionary RAUM · $14B to $17B
        Mar 23, 2023 to Mar 19, 2024
      • Pooled vehicle RAUM · $14B to $17B
        Mar 23, 2023 to Mar 19, 2024
      • RAUM · $14B to $17B
        Mar 23, 2023 to Mar 19, 2024
      • Assets in custody · $15B to $14B
        Mar 15, 2022 to Mar 23, 2023
      • Discretionary RAUM · $15B to $14B
        Mar 15, 2022 to Mar 23, 2023
      • Pooled vehicle RAUM · $15B to $14B
        Mar 15, 2022 to Mar 23, 2023
      • RAUM · $15B to $14B
        Mar 15, 2022 to Mar 23, 2023
      • Advisory employees · 11 to 12
        Mar 18, 2021 to Mar 15, 2022
      • Assets in custody · $13B to $15B
        Mar 18, 2021 to Mar 15, 2022
      • Employees · 22 to 23
        Mar 18, 2021 to Mar 15, 2022
      • Discretionary RAUM · $13B to $15B
        Mar 18, 2021 to Mar 15, 2022
      • Pooled vehicle RAUM · $13B to $15B
        Mar 18, 2021 to Mar 15, 2022
      • RAUM · $13B to $15B
        Mar 18, 2021 to Mar 15, 2022
      • Assets in custody · $13B to $13B
        Mar 24, 2020 to Mar 18, 2021
      • Employees · 28 to 22
        Mar 24, 2020 to Mar 18, 2021
      • Discretionary RAUM · $13B to $13B
        Mar 24, 2020 to Mar 18, 2021
      • Pooled vehicle RAUM · $13B to $13B
        Mar 24, 2020 to Mar 18, 2021
      • RAUM · $13B to $13B
        Mar 24, 2020 to Mar 18, 2021
      • Advisory employees · 16 to 11
        Mar 28, 2019 to Mar 24, 2020
      • Assets in custody · $6.4B to $13B
        Mar 28, 2019 to Mar 24, 2020
      • Employees · 33 to 28
        Mar 28, 2019 to Mar 24, 2020
      • Discretionary RAUM · $16B to $13B
        Mar 28, 2019 to Mar 24, 2020
      • Pooled vehicle RAUM · $16B to $13B
        Mar 28, 2019 to Mar 24, 2020
      • RAUM · $16B to $13B
        Mar 28, 2019 to Mar 24, 2020
      • Accounts · 4 to 2
        Sep 28, 2018 to Mar 28, 2019
      • Pooled vehicle clients · 4 to 2
        Sep 28, 2018 to Mar 28, 2019
      • Assets in custody · $12B to $6.4B
        Sep 28, 2018 to Mar 28, 2019
      • Employees · 35 to 33
        Sep 28, 2018 to Mar 28, 2019
      • Private funds · 3 to 2
        Sep 28, 2018 to Mar 28, 2019
      Signals
      5 dated events
      • Louis Jeffrey Kaplan (Chief Operating Officer) no longer on Schedule A of Appaloosa Lp (listed 2020-03-24, absent 2021-03-18)
        Mar 18, 2021 · Control person left · inference
      • William Kenneth Maiman (General Counsel) no longer on Schedule A of Appaloosa Lp (listed 2019-03-28, absent 2020-03-24)
        Mar 24, 2020 · Control person left · inference
      • Sharaf Kathryn Battistella (Chief Compliance Officer) no longer on Schedule A of Appaloosa Lp (listed 2018-09-28, absent 2019-03-28)
        Mar 28, 2019 · Control person left · inference
      • Andrew David Bersh (Chief Compliance Officer) appeared on Schedule A of Appaloosa Lp
        Mar 28, 2019 · Control person joined · fact
      • Appaloosa Lp filed its initial SEC registration (Form ADV)
        Oct 28, 2015 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Principal office phone
      973-701-7000reportedpublic record, Form ADV, Mar 25, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026