<SEC-DOCUMENT>0001006438-12-000001.txt : 20120214
<SEC-HEADER>0001006438-12-000001.hdr.sgml : 20120214
<ACCEPTANCE-DATETIME>20120214160238
ACCESSION NUMBER:		0001006438-12-000001
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20111231
FILED AS OF DATE:		20120214
DATE AS OF CHANGE:		20120214
EFFECTIVENESS DATE:		20120214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APPALOOSA MANAGEMENT LP
		CENTRAL INDEX KEY:			0001006438
		IRS NUMBER:				223220835
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-05908
		FILM NUMBER:		12609545

	BUSINESS ADDRESS:	
		STREET 1:		51 JOHN F. KENNEDY PARKWAY
		CITY:			SHORT HILLS
		STATE:			NJ
		ZIP:			07078
		BUSINESS PHONE:		9737017000

	MAIL ADDRESS:	
		STREET 1:		51 JOHN F. KENNEDY PARKWAY
		CITY:			SHORT HILLS
		STATE:			NJ
		ZIP:			07078
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>a13f11q4.txt
<TEXT>

UNITED STATES SECURITIES AND EXCHANGE COMISSION
WASHINGTON, DC  20549

FORM 13F
FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: 12/31/2011

Check here if Amendment [ ]; Amendment Number: 1
This Amendment (Check only one.): [  ] is a restatement.
				  [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:		Appaloosa Management L.P.
Address:	51 JFK Parkway, Suite 250B
		Short Hills, NJ 07078

13F File Number:

The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the report
is authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts
of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:		Michael L. Palmer
Title:		Chief Financial Officer
Phone:		973-701-7000

Signature, Place and Date of Signing:

	Michael L. Palmer		Short Hills, New Jersey		02/14/2012
Report Type (check only one):
[X ] 13F Holdings Report
[  ] 13F Notice
[  ] 13F Combination Report

List of Other Managers Reporting for this Manager:

I AM SIGNING THIS REPORT AS REQIURED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>

FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:  0
Form 13F Information Table Entry Total: 29
Form 13F Information Table Value Total: 764,818,000
<PAGE>

<TABLE>				<C>					<C>
Name of Issuer					Title of Class		CUSIP		Fair Market	Shares or	Investment Discretion				Managers		Voting Authority (Shares)
									Number		Value		Principal	(a) Sole	(b) Shared -	(c) Shared -			(a) Sole	(b) Shared	(c) None
											Amount		As Defined	Other

-------------------------------------       ---------------- 		--------------	 ---------	----------     ----
Apple Inc					COM			001765106	73,649 		181,850 	x				 				181,850
Beazer Homes USA Inc				COM			037833100	711 		286,614 	x				 				286,614
Boston Scientific Corp				COM			038222105	41,639 		7,797,503 	x				 				7,797,503
Calumet Specialty Products Partners LP		UT LTD PARTNER		07556Q105	25,985 		1,288,944 	x						 		1,288,944
CF Industries Holdings Inc			COM			055622104	7,152 		49,332 		x					 			49,332
CVR Energy Inc					COM			131476103	93,743 		5,004,961 	x				 				5,004,961
Dean Foods Co					COM			125269100	69,204 		6,178,936 	x				 				6,178,936
Delphi Automotive PLC				SHS			125269100	4,938 		229,236 	x				 				229,236
Financial Select Sector SPDR Fund		SBI INT-FINL		172967424	27,950 		2,150,000 	x				 				2,150,000
General Motors Co				*W EXP 07/10/201	12662P108	2,059 		175,561 	x				 				175,561
General Motors Co				*W EXP 07/10/201	235825205	1,373 		175,561 	x				 				175,561
Goodyear Tire & Rubber Co.			COM			242370104	85,831 		6,057,224 	x				 				6,057,224
The Hartford Financial Services Group		*W EXP 06/26/201	247361702	11,658 		1,275,475 	x				 				1,275,475
International Paper Company			COM			269246401	21,563 		728,487 	x				 				728,487
Macy's Inc					COM			37045V209	23,903 		742,803 	x				 				742,803
Masco Corp					COM			37045V118	1,524 		145,409 	x				 				145,409
Microsoft Corp					COM			37045V126	18,830 		725,350 	x				 				725,350
MPG Office Trust Inc				COM			382550101	8,542 		4,292,354 	x				 				4,292,354
Mueller Water Products Inc.			COM			382550309	23,038 		9,441,736 	x				 				9,441,736
Oracle Corp					COM			38259P508	31,255 		1,218,526 	x				 				1,218,526
Royal Bk Scotland Group PLC			SP ADR L RP PF		416515120	10,620 		720,000 	x				 				720,000
Royal Bk Scotland Group PLC			SP ADR PREF M		436106108	15,317 		1,350,696 	x				 				1,350,696
Royal Bk Scotland Group PLC			ADR PREF SER N		460146103	37,413 		3,352,443 	x				 				3,352,443
Royal Bk Scotland Group PLC			ADR PREF SHS Q		48666K109	19,294 		1,594,519 	x				 				1,594,519
Royal Bk Scotland Group PLC			SP ADR PREF S		482480100	25,261 		2,189,014 	x				 				2,189,014
Royal Bk Scotland Group PLC			SP ADR PREF T		512807108	24,416 		1,912,014 	x				 				1,912,014
United Continental Holdings Inc.		COM			55616P104	22,416 		1,187,901 	x				 				1,187,901
US Airways Group Inc				COM			574599106	16,418 		3,238,217 	x				 				3,238,217
Valero Energy Corp				COM			595112103	19,117 		908,161 	x				 				908,161
</TABLE>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>