ALPINE ASSOCIATES MANAGEMENT INC.

CIK

1396835

Location

PALM BEACH, FL

Portfolio Value

Mid $1,672,438,857

Diversification

Diversified

Filing Date

Global Rank

#1,099 / 8,232 ▲ 537

Top Industry

Biotechnology 9.7%

3Y Alpha vs SPY

-19.0%

Period ended 2 months ago

Filed Apr 21, 2026 · 54d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+5.4%

SPY

+76.3%

Annualised alpha

-19.0%

Max drawdown

−24.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

68 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.0%

−5.5 pts

Top 5

26.3%

−19.7 pts

Top 10

40.7%

−27.6 pts

HHI

282

Diversified−326

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	26.8%	$447,783,445	10
Technology	18.7%	$312,084,591	12
Healthcare	18.4%	$307,675,839	12
Financial Services	8.7%	$145,964,225	7
Communication Services	7.8%	$130,923,758	5
Consumer Defensive	4.8%	$80,399,040	4
Energy	3.7%	$61,153,205	3
Utilities	3.4%	$56,570,112	2
Real Estate	3.0%	$50,722,333	6
Consumer Cyclical	2.5%	$41,894,436	3
Basic Materials	2.2%	$37,267,873	4

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

21 positions

Ticker	Company	Δ Shares	Shares	Value
DBRG	DigitalBridge Group, Inc.	+1,072,335	1,452,335	$22,395,005
WBD	Warner Bros. Discovery, Inc.	+994,650	1,564,650	$42,965,289
CWAN	Clearwater Analytics Holdings, Inc.	+880,435	1,265,435	$29,927,537
KVUE	Kenvue Inc.	+809,894	2,968,520	$51,177,284
SEMR	SEMrush Holdings, Inc.	+704,100	1,584,094	$18,914,082
FOLD	AMICUS THERAPEUTICS, INC.	+646,990	1,596,190	$23,080,907
UDMY	Udemy, Inc.	+617,602	1,187,402	$5,485,797
QRVO	Qorvo, Inc.	+386,500	801,559	$62,040,666
CSGS	Csg Systems International Inc	+355,015	402,515	$32,177,049
JHG	Janus Henderson Group PLC	+330,534	590,576	$30,337,889
AL	SUMISHO AIR LEASE CORP	+263,650	1,382,306	$89,766,951
IMXI	International Money Express, Inc.	+210,665	600,998	$9,495,768
SEE	SEALED AIR CORP/DE	+197,800	624,900	$26,277,045
TWO	Two Harbors Investment Corp.	+189,651	664,251	$7,585,746
CTLP	Cantaloupe, Inc.	+167,722	2,078,079	$22,464,033
SUNC	SunocoCorp LLC	+129,300	186,676	$11,508,575
PRA	Proassurance Corp	+109,700	945,590	$23,374,984
BHF	Brighthouse Financial, Inc.	+81,264	453,947	$27,182,346
EA	Electronic Arts Inc.	+49,364	320,764	$65,394,156
SIMO	Silicon Motion Technology CORP	+36,902	116,878	$13,124,230
TXNM	Txnm Energy Inc	+5,299	512,106	$29,937,716
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
SSTK	Shutterstock, Inc.	−15,000	1,139,955	$18,934,652
NSC	Norfolk Southern Corp	−3,700	464,455	$133,298,585
HOLX	HOLOGIC INC	−3,140	432,210	$32,670,753
GTLS	Chart Industries Inc	−2,182	428,754	$88,644,889
AMWD	American Woodmark Corp	−1,038	225,795	$8,993,414
GETY	Getty Images Holdings, Inc.	−349	94,151	$74,661
AXTA	Axalta Coating Systems Ltd.	−174	47,226	$1,308,160
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
UNF	Unifirst Corp	217,050	$54,607,609
VAL	Valaris Ltd	472,500	$46,323,900
SLAB	Silicon Laboratories Inc.	222,450	$46,302,967
ACLX	Arcellx, Inc.	378,000	$43,401,960
PEN	Penumbra Inc	131,950	$43,328,421
APLS	Apellis Pharmaceuticals, Inc.	864,000	$34,758,720
CNTA	Centessa Pharmaceuticals plc	865,500	$34,377,660
SKYT	SkyWater Technology, Inc	1,228,100	$33,662,221
MASI	Masimo Corp	189,000	$33,617,430
ZIM	ZIM Integrated Shipping Services Ltd.	1,181,300	$31,127,255
WBS	Webster Financial Corp	416,500	$28,913,430
AES	Aes Corp	1,890,163	$26,632,396
AAUC	Allied Gold Corp	837,300	$25,989,792
THR	Thermon Group Holdings, Inc.	485,882	$24,488,452
OS	OneStream, Inc.	920,692	$22,096,608
NATL	NCR Atleos Corp	474,800	$20,691,784
DAWN	Day One Biopharmaceuticals, Inc.	925,000	$19,832,000
STKL	SunOpta Inc.	2,969,800	$19,244,304
SEM	Select Medical Holdings Corp	1,176,700	$19,168,443
SNCY	Sun Country Airlines Holdings, LLC	1,132,850	$18,714,682
NSA	National Storage Affiliates Trust	475,900	$17,960,466
VRE	Veris Residential, Inc.	748,452	$14,123,289
TALK	Talkspace, Inc.	1,855,000	$9,599,625
CDE	Coeur Mining, Inc.	407,542	$7,649,563
TERN	Terns Pharmaceuticals, Inc.	142,250	$7,499,420
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
EXAS	EXACT SCIENCES CORP	805,500	$81,806,580
NGD	New Gold Inc. /FI	9,363,161	$81,553,132
BA	Boeing Co	294,701	$63,985,481
TGNA	TEGNA INC	956,367	$18,563,083
TECK	Teck Resources Ltd	380,800	$18,236,512
RKT	Rocket Companies, Inc.	574,254	$11,117,557
STAA	Staar Surgical Co	466,607	$10,773,955
VECO	Veeco Instruments Inc	353,400	$10,100,172
QCOM	Qualcomm Inc/De	14,403	$2,463,633
IAG	Iamgold Corp	69,482	$1,145,758
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

68 positions · $1,672,438,857 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 68 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NSC	Norfolk Southern Corp Industrials	Reduced	464,455	-3,700	$133,298,585	−1.4%	7.97%
AL	SUMISHO AIR LEASE CORP Industrials	Added	1,382,306	+263,650	$89,766,951	+24.9%	5.37%
GTLS	Chart Industries Inc Industrials	Reduced	428,754	-2,182	$88,644,889	−0.3%	5.30%
EA	Electronic Arts Inc. Communication Services	Added	320,764	+49,364	$65,394,156	+17.9%	3.91%
QRVO	Qorvo, Inc. Technology	Added	801,559	+386,500	$62,040,666	+76.9%	3.71%
UNF	Unifirst Corp Industrials	NEW	217,050	NEW	$54,607,609	NEW	3.27%
KVUE	Kenvue Inc. Consumer Defensive	Added	2,968,520	+809,894	$51,177,284	+37.4%	3.06%
VAL	Valaris Ltd Energy	NEW	472,500	NEW	$46,323,900	NEW	2.77%
SLAB	Silicon Laboratories Inc. Technology	NEW	222,450	NEW	$46,302,967	NEW	2.77%
ACLX	Arcellx, Inc. Healthcare	NEW	378,000	NEW	$43,401,960	NEW	2.60%
PEN	Penumbra Inc Healthcare	NEW	131,950	NEW	$43,328,421	NEW	2.59%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	1,564,650	+994,650	$42,965,289	+161.5%	2.57%
APLS	Apellis Pharmaceuticals, Inc. Healthcare	NEW	864,000	NEW	$34,758,720	NEW	2.08%
CNTA	Centessa Pharmaceuticals plc Healthcare	NEW	865,500	NEW	$34,377,660	NEW	2.06%
SKYT	SkyWater Technology, Inc Technology	NEW	1,228,100	NEW	$33,662,221	NEW	2.01%
MASI	Masimo Corp Healthcare	NEW	189,000	NEW	$33,617,430	NEW	2.01%
HOLX	HOLOGIC INC Healthcare	Reduced	432,210	-3,140	$32,670,753	+0.7%	1.95%
CSGS	Csg Systems International Inc Technology	Added	402,515	+355,015	$32,177,049	+783.3%	1.92%
ZIM	ZIM Integrated Shipping Services Ltd. Industrials	NEW	1,181,300	NEW	$31,127,255	NEW	1.86%
JHG	Janus Henderson Group PLC Financial Services	Added	590,576	+330,534	$30,337,889	+145.2%	1.81%
TXNM	Txnm Energy Inc Utilities	Added	512,106	+5,299	$29,937,716	+0.3%	1.79%
CWAN	Clearwater Analytics Holdings, Inc. Technology	Added	1,265,435	+880,435	$29,927,537	+222.3%	1.79%
WBS	Webster Financial Corp Financial Services	NEW	416,500	NEW	$28,913,430	NEW	1.73%
BHF	Brighthouse Financial, Inc. Financial Services	Added	453,947	+81,264	$27,182,346	+12.6%	1.63%
AES	Aes Corp Utilities	NEW	1,890,163	NEW	$26,632,396	NEW	1.59%
SEE	SEALED AIR CORP/DE Consumer Cyclical	Added	624,900	+197,800	$26,277,045	+48.5%	1.57%
AAUC	Allied Gold Corp Basic Materials	NEW	837,300	NEW	$25,989,792	NEW	1.55%
THR	Thermon Group Holdings, Inc. Industrials	NEW	485,882	NEW	$24,488,452	NEW	1.46%
PRA	Proassurance Corp Financial Services	Added	945,590	+109,700	$23,374,984	+15.7%	1.40%
FOLD	AMICUS THERAPEUTICS, INC. Healthcare	Added	1,596,190	+646,990	$23,080,907	+70.8%	1.38%
CTLP	Cantaloupe, Inc. Technology	Added	2,078,079	+167,722	$22,464,033	+10.7%	1.34%
DBRG	DigitalBridge Group, Inc. Financial Services	Added	1,452,335	+1,072,335	$22,395,005	+284.2%	1.34%
OS	OneStream, Inc. Technology	NEW	920,692	NEW	$22,096,608	NEW	1.32%
NATL	NCR Atleos Corp Technology	NEW	474,800	NEW	$20,691,784	NEW	1.24%
DAWN	Day One Biopharmaceuticals, Inc. Healthcare	NEW	925,000	NEW	$19,832,000	NEW	1.19%
STKL	SunOpta Inc. Consumer Defensive	NEW	2,969,800	NEW	$19,244,304	NEW	1.15%
SEM	Select Medical Holdings Corp Healthcare	NEW	1,176,700	NEW	$19,168,443	NEW	1.15%
SSTK	Shutterstock, Inc. Communication Services	Reduced	1,139,955	-15,000	$18,934,652	−14.2%	1.13%
SEMR	SEMrush Holdings, Inc. Technology	Added	1,584,094	+704,100	$18,914,082	+80.8%	1.13%
SNCY	Sun Country Airlines Holdings, LLC Industrials	NEW	1,132,850	NEW	$18,714,682	NEW	1.12%
NSA	National Storage Affiliates Trust Real Estate	NEW	475,900	NEW	$17,960,466	NEW	1.07%
VRE	Veris Residential, Inc. Real Estate	NEW	748,452	NEW	$14,123,289	NEW	0.84%
SIMO	Silicon Motion Technology CORP Technology	Added	116,878	+36,902	$13,124,230	+77.0%	0.78%
SUNC	SunocoCorp LLC Energy	Added	186,676	+129,300	$11,508,575	+307.0%	0.69%
TALK	Talkspace, Inc. Healthcare	NEW	1,855,000	NEW	$9,599,625	NEW	0.57%
IMXI	International Money Express, Inc. Technology	Added	600,998	+210,665	$9,495,768	+58.4%	0.57%
AMWD	American Woodmark Corp Consumer Cyclical	Reduced	225,795	-1,038	$8,993,414	−26.4%	0.54%
CDE	Coeur Mining, Inc. Basic Materials	NEW	407,542	NEW	$7,649,563	NEW	0.46%
TWO	Two Harbors Investment Corp. Real Estate	Added	664,251	+189,651	$7,585,746	+52.2%	0.45%
TERN	Terns Pharmaceuticals, Inc. Healthcare	NEW	142,250	NEW	$7,499,420	NEW	0.45%