Palomino Fund LTD. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jan 23, 2026, the fund has sold $6,078,816,686 of interests to 170 investors since its first sale in Jan 2010. The minimum investment it accepts from an outside investor is $5,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Geoff Ruddick; Appaloosa LP; Appaloosa Capital Inc.
Performance
No verified returns have been reported for this fund. As a rough guide, Appaloosa LP, which manages it, disclosed U.S. stock holdings that returned an estimated +36.5% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +84.1% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $6,078,816,686Cumulative sales reported on Form D
- Investors
- 170
- First sale
- Jan 1, 2010
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Geoff Ruddick; Appaloosa LP; Appaloosa Capital Inc
- Latest Form D
- Jan 23, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Palomino Fund LTD.
What is the minimum investment for Palomino Fund LTD.?
According to its latest Form D, filed Jan 23, 2026, the minimum investment Palomino Fund LTD. accepts from an outside investor is $5,000,000.
Who can invest in Palomino Fund LTD.?
Palomino Fund LTD. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Palomino Fund LTD. raised?
Palomino Fund LTD. reports $6,078,816,686 sold from 170 investors on its Form D filed Jan 23, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Palomino Fund LTD. based?
Palomino Fund LTD. is based in Grand Cayman, Cayman Islands and is managed by Appaloosa LP.
When did Palomino Fund LTD. launch?
Palomino Fund LTD. reports its first sale in Jan 2010.
Size compared with every hedge fund
Raised more than 99% of the 2,363 hedge funds based in Cayman Islands, and more than 99% of all 10,308 that report sales.