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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001140361-10-014855.txt : 20100401
<SEC-HEADER>0001140361-10-014855.hdr.sgml : 20100401
<ACCEPTANCE-DATETIME>20100401170522
ACCESSION NUMBER:		0001140361-10-014855
CONFORMED SUBMISSION TYPE:	TA-2
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091231
FILED AS OF DATE:		20100401
DATE AS OF CHANGE:		20100401
EFFECTIVENESS DATE:		20100401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Altegris Portfolio Management, Inc.
		CENTRAL INDEX KEY:			0001462774
		IRS NUMBER:				841008601
		STATE OF INCORPORATION:			AR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		TA-2
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	084-06356
		FILM NUMBER:		10724930

	BUSINESS ADDRESS:	
		STREET 1:		1202 BERGEN PARKWAY SUITE 212
		CITY:			EVERGREEN
		STATE:			CO
		ZIP:			80439
		BUSINESS PHONE:		858-875-8725

	MAIL ADDRESS:	
		STREET 1:		1202 BERGEN PARKWAY SUITE 212
		CITY:			EVERGREEN
		STATE:			CO
		ZIP:			80439
</SEC-HEADER>
<DOCUMENT>
<TYPE>TA-2
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>TA-2</submissionType>

    <testOrLive>LIVE</testOrLive>

    <formVersion>5.2.0</formVersion>

    <filer>
        <cik>0001462774</cik>
        <fileNumber>084-06356</fileNumber>
    </filer>

    <periodOfReport>2009-12-31</periodOfReport>

    <registrant>
        <entityName>Altegris Portfolio Management, Inc. (d/b/a APM Funds)</entityName>
    </registrant>

    <engagedServiceCompany>
        <function>NONE</function>
    </engagedServiceCompany>

    <engagedAsServiceCompany>
        <function>false</function>
    </engagedAsServiceCompany>

    <regulatoryAgency>SEC</regulatoryAgency>

    <inaccurateIncompleteMisleading>
        <amendmentFiled>NA</amendmentFiled>
        <additionalInformation></additionalInformation>
    </inaccurateIncompleteMisleading>

    <serviceCompanyData>
        <numberItemsReceivedForTransfer>5099</numberItemsReceivedForTransfer>
        <numberMasterSecurityHolderFilings>6173</numberMasterSecurityHolderFilings>
        <numberIndividualAccounts>5900</numberIndividualAccounts>
        <numberDivReinvDirPurPlanAccounts>0</numberDivReinvDirPurPlanAccounts>
        <numberDirectRegistSystemAccounts>0</numberDirectRegistSystemAccounts>
        <securityHolderAccounts>
            <equitySecurity>0</equitySecurity>
            <debtSecurity>0</debtSecurity>
            <openEndInvestmentCompany>0</openEndInvestmentCompany>
            <limitedPartnership>100</limitedPartnership>
            <municipalDebt>0</municipalDebt>
            <other>0</other>
        </securityHolderAccounts>
        <securityHolderData>
            <transMaintainMasterSecHolder>
                <equitySecurity>0</equitySecurity>
                <debtSecurity>0</debtSecurity>
                <openEndInvestmentCompany>0</openEndInvestmentCompany>
                <limitedPartnership>2</limitedPartnership>
                <municipalDebt>0</municipalDebt>
                <other>0</other>
            </transMaintainMasterSecHolder>
            <transNotMaintMasterSecHolder>
                <equitySecurity>0</equitySecurity>
                <debtSecurity>0</debtSecurity>
                <openEndInvestmentCompany>0</openEndInvestmentCompany>
                <limitedPartnership>0</limitedPartnership>
                <municipalDebt>0</municipalDebt>
                <other>0</other>
            </transNotMaintMasterSecHolder>
            <notTransMaintMasterSecHolder>
                <equitySecurity>0</equitySecurity>
                <debtSecurity>0</debtSecurity>
                <openEndInvestmentCompany>0</openEndInvestmentCompany>
                <limitedPartnership>0</limitedPartnership>
                <municipalDebt>0</municipalDebt>
                <other>0</other>
            </notTransMaintMasterSecHolder>
            <dividendReinvDirectPurchasePlan>
                <numberIssues>0</numberIssues>
            </dividendReinvDirectPurchasePlan>
            <directRegistrationSystem>
                <numberIssues>0</numberIssues>
            </directRegistrationSystem>
            <dividendAndInterest>
                <numberIssues>0</numberIssues>
                <amountIssues>0</amountIssues>
            </dividendAndInterest>
            <priorAgent>
                <numberIssues>0</numberIssues>
                <amountIssues>0</amountIssues>
            </priorAgent>
            <currentAgent>
                <numberIssues>0</numberIssues>
                <amountIssues>0</amountIssues>
            </currentAgent>
            <quarterlyReportsRegardingBuyIns>
                <numberFiled>0</numberFiled>
                <fileAll></fileAll>
                <additionalInformation></additionalInformation>
            </quarterlyReportsRegardingBuyIns>
            <turnaroundCompliant>
                <alwaysCompliant>NA</alwaysCompliant>
            </turnaroundCompliant>
            <purchaseRedemptionPricingShares>
                <total>0</total>
                <totalOtherThanReceiptOrderDate>0</totalOtherThanReceiptOrderDate>
            </purchaseRedemptionPricingShares>
        </securityHolderData>
        <databaseSearch>
            <databaseSearchDate></databaseSearchDate>
            <numberLostAccountsSearched>0</numberLostAccountsSearched>
            <numberAddressesFromSearch>0</numberAddressesFromSearch>
        </databaseSearch>
        <numberLostAccountsRemittedToStates>0</numberLostAccountsRemittedToStates>
    </serviceCompanyData>

    <signatureData>
        <signatureName>/s/ Jon C. Sundt</signatureName>
        <signatureTitle>President</signatureTitle>
        <signaturePhoneNumber>(858) 875-8725</signaturePhoneNumber>
        <signatureDate>2010-03-31</signatureDate>
    </signatureData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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