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AUM

$17 billion (primarily Tepper's personal capital) [Forbes, September 2025]; $16.6 billion [Wikipedia, January 2025]; 13F portfolio: $7.38 billion in U.S. equities [Q3 2025]

Principals

6

Principal Net Worth

$23.7B

Founded

1993

Data Flags

Primarily personal capital (family office hybrid); limited public team information

Appaloosa Management

Hedge Fund / Family Office HybridHigh Confidence

404 Washington Avenue, Suite 810, Miami Beach, FL 33139

Last verified: Jan 18, 2026

Details

Phone
Not publicly available
Source of Wealth
Hedge funds, distressed debt investing
Assets Under Management
$17 billion (primarily Tepper's personal capital) [Forbes, September 2025]; $16.6 billion [Wikipedia, January 2025]; 13F portfolio: $7.38 billion in U.S. equities [Q3 2025]
Source File
research/organizations/appaloosa-management.md
UID
fo-appaloosa-management

Also Known As

Appaloosa LPAppaloosa Management L.P.Appaloosa Management LP

Principals (6)

David TepperFounder & PresidentOWNS
$23.7B
Child 3-OWNS
Nicole Bronish TepperCo-founder, David and Nicole Tepper FoundationOWNS
Marlene TepperFormer co-donor to Carnegie MellonOWNS
Child 2-OWNS
Child 1-OWNS

Team Members (4)

David TepperFounder & President
WORKS_AT
Jeffrey L. KaplanChief Operating Officer
WORKS_AT
Joe DolanTrader
WORKS_AT
Michael L. PalmerChief Financial Officer
WORKS_AT

Related Entities (8)

Appaloosa Investment ISubsidiary

Flagship fund

Appaloosa Management L.P.Subsidiary

Main hedge fund entity

Carolina PanthersSubsidiary

NFL team, purchased July 2018 for $2.3 billion; current value $5.7 billion [Forbes, August 2025]

Charlotte FCSubsidiary

MLS team, launched 2022 for record $325 million expansion fee --

Palomino Fund LTDInvestment Vehicle

Offshore investment vehicle

The David and Nicole Tepper FoundationFoundation

Joint philanthropy with current wife

The Tepper FoundationFoundation

Founded 1996, personal philanthropy

Thoroughbred FundInvestment Vehicle

Onshore and offshore versions

Known Associates (5)

Jack Walton

Co-founder of Appaloosa (1993)

Jerry Richardson

Sold Carolina Panthers to Tepper in 2018

Ken Griffin

Citadel

Peer hedge fund manager

Steve Cohen

Point72

Peer hedge fund manager; shared investment ideas

Warren Buffett

Berkshire Hathaway

Both invested in UnitedHealth in 2025

Relationship Strength

Loading relationships...

Sources (16)

Changelog

  • 2026-01-18Added LinkedIn URLs for David Tepper, Michael Palmer (CFO), and Joe Dolan (Trader); reformatted team table with LinkedIn column
  • 2026-01-18Initial file created with comprehensive research

Engagement & Preferences