ALPINE ASSOCIATES MANAGEMENT INC.

Registered adviser

CIK

1396835

Location

PALM BEACH, FL

Portfolio Value

Mid $1,597,885,385

Diversification

Diversified

Filing Date

Global Rank

#1,874 / 8,827 ▼ 256

Top Industry

Semiconductors 12.2%

Period ended 4 months ago

Filed Aug 6, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 138901

Roster of Nov 1, 2026

Regulatory AUM

$2,094,959,691

Main clients

Pooled investment vehicles (98% of AUM)

Private funds

9 funds · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$2,035,062,736 gross assets

LEI

549300RWX418KRTZRJ23

Private funds on Schedule D 7.B.(1)

As filed Mar 25, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$2,432,328,454 gross assets in 9 funds Hedge funds $2,432,328,454 (9)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$2,094,959,691	Pooled investment vehicles (98%)
Apr 2025 to Mar 2026	$2,359,193,667	Pooled investment vehicles (98%)
Apr 2024 to Mar 2025	$2,694,219,737	Pooled investment vehicles (98%)
May 2023 to Mar 2024	$2,973,538,382	Pooled investment vehicles (99%)
Apr 2023	$2,973,538,382	Pooled investment vehicles (99%)
Apr 2022 to Mar 2023	$4,082,398,962	Pooled investment vehicles (99%)

3 earlier changes not shown.

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company	Schedule	Event date	Filed	Shares	% of class	Change	Status
SANG Sangoma Technologies Corp	13G	Sep 29, 2026	31d	2,008,500	6.04%	—	Current

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 3 exited, below-5% or retired stakes

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 45.5%, 31.1 effective positions, active share 96.5% against the S&P SmallCap 600 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

180.9% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.5 quarters (under 4)

Closest benchmark: the S&P SmallCap 600 as of 2026-06-30, active share 96.5%; sector active share 30.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

66 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

9.1%

+1.3 pts

Top 5

28.2%

+2.4 pts

Top 10

45.5%

+5.6 pts

HHI

321

Diversified+48

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	23.7%	$378,697,730	8
Technology	18.7%	$298,702,018	11
Communication Services	14.6%	$233,329,539	9
Healthcare	12.6%	$200,956,943	11
Financial Services	10.2%	$163,592,313	6
Utilities	5.1%	$81,288,962	3
Real Estate	4.4%	$69,912,762	6
Consumer Defensive	3.6%	$58,314,547	1
Consumer Cyclical	3.4%	$54,488,654	6
Energy	2.7%	$42,776,818	2
Basic Materials	1.0%	$15,825,099	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
IMXI	International Money Express, Inc.	+386,152	987,150	$14,264,317
—		+377,576	2,232,576	$11,609,395
—		+341,550	758,050	$57,930,181
NATL	NCR Atleos Corp	+190,850	665,650	$28,895,866
AES	Aes Corp	+177,281	2,067,444	$30,308,729
—		+147,345	1,711,995	$45,641,786
—		+128,100	1,356,200	$47,222,884
—		+127,704	1,304,404	$21,535,710
AXTA	Axalta Coating Systems Ltd.	+96,330	143,556	$4,912,486
—		+95,100	283,750	$11,157,050
DBRHP	DigitalBridge Group, Inc.	+89,905	1,542,240	$22,994,798
KVUE	Kenvue Inc.	+83,000	3,051,520	$58,314,547
SLAB	Silicon Laboratories Inc.	+76,289	298,739	$65,292,395
—		+65,156	493,910	$103,197,555
CRBG	Corebridge Financial, Inc.	+58,317	345,580	$9,893,955
PEN	Penumbra Inc	+57,036	188,986	$59,672,329
BHF	Brighthouse Financial, Inc.	+36,973	490,920	$31,075,236
UNF	Unifirst Corp	+18,314	235,364	$62,244,363
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
GORO	Goldgroup Mining Inc.	−553,755	1,379,877	$1,586,858
AAUC	Allied Gold Corp	−445,132	392,168	$9,325,755
COMP	Compass, Inc.	−291,913	670,296	$8,264,749
ZIM	ZIM Integrated Shipping Services Ltd.	−245,351	935,949	$24,334,674
TXNM	Txnm Energy Inc	−78,738	433,368	$24,606,635
—		−60,909	259,855	$53,280,669
SUNC	SunocoCorp LLC	−59,153	127,523	$8,629,481
—		−7,599	1,492,401	$3,611,610
SSTK	Shutterstock, Inc.	−4,400	1,135,555	$15,840,992
—		−3,400	798,159	$74,444,289
TWOD	Two Harbors Investment Corp.	−3,017	661,234	$16,497,788
NSC	Norfolk Southern Corp	−2,800	461,655	$145,232,046
—		−2,682	587,894	$30,541,093
—		−2,400	469,762	$15,624,284
—		−2,161	473,739	$21,067,172
VAL	Valaris Ltd	−2,151	470,349	$34,147,337
GETYQ	Getty Images Holdings, Inc.	−343	93,808	$80,674
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
ROKU	Roku, Inc	328,250	$45,344,455
GSAT	Globalstar, Inc.	467,647	$38,015,024
TECH	BIO-TECHNE Corp	502,000	$35,466,300
—		91,308	$32,371,425
RAMP	LiveRamp Holdings, Inc.	734,350	$27,640,934
D	Dominion Energy, Inc	386,200	$26,373,598
ACLS	Axcelis Technologies Inc	134,905	$25,557,752
OGN	Organon & Co.	1,345,233	$18,214,454
CZR	Caesars Entertainment, Inc.	564,599	$17,039,597
—		129,300	$15,968,553
IRDM	Iridium Communications Inc.	289,700	$15,890,045
—		639,008	$12,115,593
—		960,100	$11,242,771
—		365,529	$11,097,460
—		432,621	$10,763,610
LCII	Lci Industries	96,600	$10,228,008
—		239,318	$10,171,017
—		914,066	$8,583,079
—		57,900	$7,685,067
PAYO	Payoneer Global Inc.	1,000,000	$7,120,000
SYNA	SYNAPTICS Inc	48,400	$6,012,732
ACA	Arcosa, Inc.	38,600	$5,608,194
CECO	Ceco Environmental Corp	58,934	$5,347,671
ABVX	Abivax S.A.	38,500	$5,130,510
—		1,500,000	$4,739,998
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		1,382,306	$89,766,950
—		378,000	$43,401,960
—		864,000	$34,758,721
CNTA	Centessa Pharmaceuticals plc	865,500	$34,377,660
—		189,000	$33,617,430
—		432,210	$32,670,754
—		402,515	$32,177,050
—		1,265,435	$29,927,537
—		624,900	$26,277,045
—		485,882	$24,488,454
—		945,590	$23,374,985
—		1,596,190	$23,080,907
—		2,078,079	$22,464,034
—		920,692	$22,096,608
—		925,000	$19,832,002
—		2,969,800	$19,244,304
—		1,584,094	$18,914,081
—		1,132,850	$18,714,682
—		748,452	$14,123,289
SIMO	Silicon Motion Technology CORP	116,878	$13,124,230
—		225,795	$8,993,415
CDE	Coeur Mining, Inc.	407,542	$7,649,563
—		142,250	$7,499,421
—		141,750	$6,623,977
TEX	Terex Corp	107,432	$6,349,231
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

66 tracked positions · $1,597,885,385 total · filing declares 66 positions · $1,597,653,628 · as of Jun 30, 2026

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

Showing 1–50 of 66 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
NSC	Norfolk Southern Corp Industrials	Reduced	461,655	-2,800	$145,232,046	+9.0%	4	$277.81	9.09%
		Added	493,910	+65,156	$103,197,555	+16.4%	5	unpriced	6.46%
		Reduced	798,159	-3,400	$74,444,289	+20.0%	3	$84.72	4.66%
SLAB	Silicon Laboratories Inc. Technology	Added	298,739	+76,289	$65,292,395	+41.0%	2	$191.77	4.09%
UNF	Unifirst Corp Industrials	Added	235,364	+18,314	$62,244,363	+14.0%	2	$233.04	3.90%
PEN	Penumbra Inc Healthcare	Added	188,986	+57,036	$59,672,329	+37.7%	2	$334.20	3.73%
KVUE	Kenvue Inc. Consumer Defensive	Added	3,051,520	+83,000	$58,314,547	+13.9%	3	$16.77	3.65%
		Added	758,050	+341,550	$57,930,181	+100.4%	2	$70.39	3.63%
		Reduced	259,855	-60,909	$53,280,669	−18.5%	4	$189.84	3.33%
		Added	1,356,200	+128,100	$47,222,884	+40.3%	2	$29.85	2.96%
		Added	1,711,995	+147,345	$45,641,786	+6.2%	3	$26.38	2.86%
ROKU	Roku, Inc Communication Services	NEW	328,250	NEW	$45,344,455	NEW	1	$121.99	2.84%
GSAT	Globalstar, Inc. Communication Services	NEW	467,647	NEW	$38,015,024	NEW	1	$80.48	2.38%
TECH	BIO-TECHNE Corp Healthcare	NEW	502,000	NEW	$35,466,300	NEW	1	$54.00	2.22%
VAL	Valaris Ltd Energy	Reduced	470,349	-2,151	$34,147,337	−26.3%	2	$77.90	2.14%
		NEW	91,308	NEW	$32,371,425	NEW	1	unpriced	2.03%
BHF	Brighthouse Financial, Inc. Financial Services	Added	490,920	+36,973	$31,075,236	+14.3%	3	$59.62	1.94%
		Reduced	587,894	-2,682	$30,541,093	+0.7%	3	unpriced	1.91%
AES	Aes Corp Utilities	Added	2,067,444	+177,281	$30,308,729	+13.8%	2	$14.86	1.90%
NATL	NCR Atleos Corp Technology	Added	665,650	+190,850	$28,895,866	+39.6%	2	$42.20	1.81%
RAMP	LiveRamp Holdings, Inc. Technology	NEW	734,350	NEW	$27,640,934	NEW	1	$32.94	1.73%
D	Dominion Energy, Inc Utilities	NEW	386,200	NEW	$26,373,598	NEW	1	$65.02	1.65%
ACLS	Axcelis Technologies Inc Technology	NEW	134,905	NEW	$25,557,752	NEW	1	$148.35	1.60%
TXNM	Txnm Energy Inc Utilities	Reduced	433,368	-78,738	$24,606,635	−17.8%	5	$56.17	1.54%
ZIM	ZIM Integrated Shipping Services Ltd. Industrials	Reduced	935,949	-245,351	$24,334,674	−21.8%	2	$24.90	1.52%
DBRHP	DigitalBridge Group, Inc. Financial Services	Added	1,542,240	+89,905	$22,994,798	−2.4%	3	unpriced	1.44%
		Added	1,304,404	+127,704	$21,535,710	+12.3%	2	unpriced	1.35%
		Reduced	473,739	-2,161	$21,067,172	+17.3%	2	unpriced	1.32%
OGN	Organon & Co. Healthcare	NEW	1,345,233	NEW	$18,214,454	NEW	1	$11.96	1.14%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	NEW	564,599	NEW	$17,039,597	NEW	1	$28.19	1.07%
TWOD	Two Harbors Investment Corp. Real Estate	Reduced	661,234	-3,017	$16,497,788	+0.2%	3	unpriced	1.03%
		NEW	129,300	NEW	$15,968,553	NEW	1	unpriced	1.00%
IRDM	Iridium Communications Inc. Communication Services	NEW	289,700	NEW	$15,890,045	NEW	1	$42.75	0.99%
SSTK	Shutterstock, Inc. Communication Services	Reduced	1,135,555	-4,400	$15,840,992	−16.3%	6	$23.00	0.99%
		Reduced	469,762	-2,400	$15,624,284	−34.2%	4	unpriced	0.98%
IMXI	International Money Express, Inc. Technology	Added	987,150	+386,152	$14,264,317	+50.2%	4	$14.23	0.89%
		NEW	639,008	NEW	$12,115,593	NEW	1	unpriced	0.76%
		Added	2,232,576	+377,576	$11,609,395	+20.9%	2	$4.55	0.73%
		NEW	960,100	NEW	$11,242,771	NEW	1	$10.55	0.70%
		Added	283,750	+95,100	$11,157,050	+61.5%	2	unpriced	0.70%
		NEW	365,529	NEW	$11,097,460	NEW	1	unpriced	0.69%
		NEW	432,621	NEW	$10,763,610	NEW	1	$23.56	0.67%
LCII	Lci Industries Consumer Cyclical	NEW	96,600	NEW	$10,228,008	NEW	1	$109.98	0.64%
		NEW	239,318	NEW	$10,171,017	NEW	1	unpriced	0.64%
CRBG	Corebridge Financial, Inc. Financial Services	Added	345,580	+58,317	$9,893,955	+44.4%	2	$27.83	0.62%
AAUC	Allied Gold Corp Basic Materials	Reduced	392,168	-445,132	$9,325,755	−64.1%	2	$30.21	0.58%
SUNC	SunocoCorp LLC Energy	Reduced	127,523	-59,153	$8,629,481	−25.0%	3	$54.82	0.54%
		NEW	914,066	NEW	$8,583,079	NEW	1	$8.11	0.54%
COMP	Compass, Inc. Real Estate	Reduced	670,296	-291,913	$8,264,749	+17.5%	2	$10.51	0.52%
		NEW	57,900	NEW	$7,685,067	NEW	1	$90.09	0.48%

Showing the top 50 of 66 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.