13F-HR 1 a13f11q2.txt UNITED STATES SECURITIES AND EXCHANGE COMISSION WASHINGTON, DC 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/2011 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 08/08/2011 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. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 72 Form 13F Information Table Value Total: 4,240,619,000 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 ------------------------------------- ---------------- -------------- --------- ---------- ---- Alpha Natural Resources Inc COM 02076X102 2,077 45,700 x 45,700 AMR Corp COM 001765106 30,376 5,625,104 x 5,625,104 Apple Inc COM 037833100 67,134 200,000 x 200,000 Applied Materials Inc COM 038222105 85,204 6,549,085 x 6,549,085 Bank of America Corp COM 060505104 109,600 10,000,000 x 10,000,000 Beazer Homes USA Inc COM 07556Q105 8,993 2,652,840 x 2,652,840 Brunswick Corp COM 117043109 3,296 161,567 x 161,567 Calumet Specialty Products Partners LP UT LTD PARTNER 131476103 7,885 366,762 x 366,762 CF Industries Holdings Inc COM 125269100 122,898 867,496 x 867,496 Citigroup Inc COM 172967424 299,885 7,201,841 x 7,201,841 Cliffs Natural Resources Inc. COM 18683K101 1,886 20,400 x 20,400 Con-Way Inc. COM 205944101 21,497 553,902 x 553,902 CVR Energy Inc COM 12662P108 180,576 7,334,534 x 7,334,534 Dean Foods Co COM 242370104 110,892 9,037,628 x 9,037,628 Delta Air Lines Inc COM NEW 247361702 31,954 3,484,656 x 3,484,656 DR Horton Inc COM 23331A109 12,133 1,053,240 x 1,053,240 E-Trade Financial Corp NOTE 269246AZ7 58,885 43,944,000 x 43,944,000 Fifth Third Bancorp COM 316773100 39,612 3,106,826 x 3,106,826 Frontier Oil Corp COM 35914P105 38,522 1,192,267 x 1,192,267 General Motors Corp *W EXP 07/10/201 37045V118 3,587 167,604 x 167,604 General Motors Corp *W EXP 07/10/201 37045V126 2,670 167,604 x 167,604 General Motors Corp COM 37045V100 5,263 173,367 x 173,367 General Motors Corp JR PFD CNV SRB 37045V209 1,888 38,740 x 38,740 Goodyear Tire & Rubber Co. COM 382550101 234,766 13,999,151 x 13,999,151 Goodyear Tire & Rubber Co. PFD CONV 382550309 11,124 200,000 x 200,000 Google Inc CL A 38259P508 45,574 90,000 x 90,000 Hewlett-Packard Co COM 428236103 104,223 2,863,268 x 2,863,268 Holly Corp COM PAR $0.01 435758305 38,550 555,479 x 555,479 International Paper Company COM 460146103 151,995 5,097,067 x 5,097,067 KB Home COM 48666K109 12,767 1,305,400 x 1,305,400 KLA-Tencor Corp COM 482480100 53,861 1,330,567 x 1,330,567 Lam Research Corp COM 512807108 50,359 1,137,286 x 1,137,286 Macy's Inc COM 55616P104 184,581 6,312,625 x 6,312,625 Manitowoc Company Inc. COM 563571108 3,324 197,372 x 197,372 Marathon Oil Corp COM 565849106 37,087 704,000 x 704,000 Masco Corp COM 574599106 29,741 2,472,196 x 2,472,196 Medtronic Inc COM 585055106 55,640 1,444,057 x 1,444,057 Merck & Co Inc COM 58933Y105 74,590 2,113,620 x 2,113,620 MetLife Inc COM 59156R108 61,861 1,410,100 x 1,410,100 Micron Technology Inc. COM 595112103 108,697 14,531,650 x 14,531,650 Microsoft Corp COM 594918104 102,542 3,943,911 x 3,943,911 MPG Office Trust Inc COM 553274101 13,447 4,701,861 x 4,701,861 Mueller Water Products Inc. COM 624758108 44,699 11,230,822 x 11,230,822 Navistar International Corp COM 63934E108 36,716 650,308 x 650,308 Owens Corning *W EXP 10/30/201 690742127 31 7,544 x 7,544 Pfizer Inc. COM 717081103 298,597 14,495,002 x 14,495,002 PulteGroup Inc COM 745867101 11,781 1,538,012 x 1,538,012 Royal Bk Scotland Group PLC SP ADR L RP PF 780097788 16,443 900,000 x 900,000 Royal Bk Scotland Group PLC SP ADR PREF M 780097796 23,402 1,360,596 x 1,360,596 Royal Bk Scotland Group PLC ADR PREF SER N 780097770 57,331 3,360,579 x 3,360,579 Royal Bk Scotland Group PLC ADR PFD SER P 780097762 40 2,400 x 2,400 Royal Bk Scotland Group PLC ADR PREF SHS Q 780097754 28,054 1,609,519 x 1,609,519 Royal Bk Scotland Group PLC ADR PREF SHS R 780097747 80 4,889 x 4,889 Royal Bk Scotland Group PLC SP ADR PREF S 780097739 38,093 2,201,914 x 2,201,914 Royal Bk Scotland Group PLC SP ADR PREF T 780097713 38,123 2,028,914 x 2,028,914 Suntrust Banks Inc COM 867914103 35,426 1,373,099 x 1,373,099 SuperMedia Inc COM 868447103 1,560 415,964 x 415,964 Temple-Inland Inc COM 879868107 34,797 1,170,036 x 1,170,036 Teradyne Inc COM 880770102 39,445 2,665,172 x 2,665,172 Tesoro Corp COM 881609101 35,057 1,530,211 x 1,530,211 The Hartford Financial Services Group *W EXP 06/26/201 416515120 24,635 1,377,000 x 1,377,000 The Hartford Financial Services Group COM 416515104 23,470 890,017 x 890,017 The Mosaic Company New COM 61945C103 161,877 2,390,027 x 2,390,027 The Ryland Group Inc COM 783764103 3,076 186,100 x 186,100 United Continental Holdings Inc. COM 910047109 125,953 5,565,753 x 5,565,753 UnitedHealth Group Inc COM 91324P102 68,400 1,326,099 x 1,326,099 US Airways Group Inc COM 90341W108 109,429 12,281,639 x 12,281,639 Valero Energy Corp COM 91913Y100 198,474 7,762,004 x 7,762,004 Walter Energy Inc COM 93317Q105 1,019 8,800 x 8,800 Wells Fargo & Co COM 949746101 81,566 2,906,860 x 2,906,860 Western Refining Inc COM 959319104 50,567 2,798,374 x 2,798,374 Yahoo! Inc COM 984332106 31,037 2,063,644 x 2,063,644