ACR Alpine Capital Research, LLC

Registered adviser

CIK

1508822

Location

ST. LOUIS, MO

Portfolio Value

Mid $7,044,141,876

Diversification

Diversified

Reports for

ALPINE PRIVATE CAPITAL, LLC

Filing Date

Global Rank

#696 / 8,819 ▼ 47

Top Industry

Telecom Services 12.2%

Period ended 4 months ago

Filed Jul 29, 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, Oct 1, 2026

Form ADV adviser

CRD 110933

Roster of Oct 1, 2026

Regulatory AUM

$10,792,944,280

Main clients

Diversified

Private funds

2 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$150,114,352 gross assets

Registered funds advised

2 series (0 index, 0 ETFs)

$197,824,167 net assets· N-CEN Nov 30, 2025

LEI

549300IUER5ETD955618

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

As filed Oct 15, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$108,975,598 gross assets in 2 funds Hedge funds $108,975,598 (2)

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 Oct 2026	$10,792,944,280	Diversified
Apr 2025 to Mar 2026	$8,511,877,560	Diversified
Apr 2024 to Mar 2025	$5,621,339,769	Individuals and high net worth (56%)
May 2023 to Mar 2024	$4,437,234,009	Individuals and high net worth (56%)
Apr 2023	$4,437,234,009	Individuals and high net worth (56%)
Apr 2022 to Mar 2023	$4,559,630,505	Individuals and high net worth (57%)

3 earlier changes not shown.

Portfolio style

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

Style

Concentrated

The top 10 positions are 71.1% of the book (60%+)

Turnover

Low turnover

27.6% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.9 quarters (12+), a floor since 64.5% of the book was already held when coverage starts

Closest benchmark: the Dow Jones Industrial Average as of 2026-07-31, active share 85.5%; sector active share 29.6% 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

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

Top Position

19.2%

+2.6 pts

Top 5

45.7%

−1.0 pts

Top 10

71.1%

−4.4 pts

HHI

785

Diversified+18

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	21.5%	$1,511,267,824	6
Unclassified	19.5%	$1,375,649,707	3
Healthcare	11.9%	$835,807,391	3
Financial Services	11.7%	$821,649,728	7
Technology	10.8%	$760,347,920	3
Communication Services	10.1%	$710,778,693	7
Energy	6.7%	$469,173,108	3
Industrials	5.0%	$351,348,453	3
Consumer Defensive	2.8%	$198,829,387	1
Real Estate	0.1%	$6,791,975	1
Utilities	0.0%	$2,497,690	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
GBIL	Goldman Sachs ETF Trust	+2,378,181	13,511,909	$1,353,352,804
LBTYK	Liberty Global Ltd.	+1,957,210	8,841,834	$97,260,174
THO	Thor Industries Inc	+624,432	5,527,556	$415,451,108
DG	Dollar General Corp	+604,734	1,727,299	$198,829,387
LEN	Lennar Corp	+531,139	4,743,250	$429,216,691
GM	General Motors Co	+421,603	4,447,271	$342,795,648
MSFT	Microsoft Corp	+154,627	1,136,273	$423,852,553
FPH	Five Point Holdings, LLC	+59,545	1,288,800	$6,791,975
ECHO	EchoStar CORP	+53,550	66,050	$6,704,074
CVX	Chevron Corp	+32,307	2,780,991	$460,977,067
BRK-B	Berkshire Hathaway Inc	+19,075	243,736	$121,963,057
ZD	Ziff Davis, Inc.	+13,846	86,526	$4,531,365
LEN-B	Lennar Corp	+6,671	40,626	$3,603,932
JEF	Jefferies Financial Group Inc.	+4,757	129,527	$6,473,759
MGM	MGM Resorts International	+2,356	92,792	$4,436,385
MRK	Merck & Co., Inc.	+1,697	41,146	$5,287,261
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
VOD	Vodafone Group Public Ltd Co	−2,835,851	24,019,101	$317,772,706
ARW	Arrow Electronics, Inc.	−2,120,432	1,457,881	$311,126,383
C	Citigroup Inc	−1,468,853	2,075,702	$290,515,251
PPLI	People Inc	−158,962	291,826	$13,470,688
LILAK	Liberty Latin America Ltd.	−61,575	354,642	$2,762,661
DELL	Dell Technologies Inc.	−58,088	58,798	$25,368,984
LBTYA	Liberty Global Ltd.	−49,652	23,595,165	$268,277,025
SGOV	iShares 0-3 Month Treasury Bond ETF	−44,600	216,767	$21,821,933
MGA	Magna International Inc	−38,368	4,809,078	$315,764,060
FDX	Fedex Corp	−11,345	1,112,339	$348,306,710
JNJ	Johnson & Johnson	−10,896	2,146,488	$545,143,556
SMBC	Southern Missouri Bancorp, Inc.	−3,687	91,020	$6,936,633
JPM	Jpmorgan Chase & Co	−1,150	977,345	$319,914,338
APG	APi Group Corp	−96	66,358	$2,810,260
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
ELV	Elevance Health, Inc.	737,922	$285,376,574
CRK	Comstock Resources Inc	546,413	$8,152,481
TLN	Talen Energy Corp	6,500	$2,497,690
RPV	Invesco S&P 500 Pure Value ETF	4,173	$474,970
FDXF	FedEx Freight Holding Company, Inc.	1,533	$231,483
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
—		23,754	$4,088,064
—		354,611	$3,836,891
NINE	Nine Energy Service, Inc.	46,500	$381,300
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

38 tracked positions · $7,044,141,876 total · filing declares 70 positions · $7,044,021,643 · as of Jun 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
GBIL	Goldman Sachs ETF Trust	Added	13,511,909	+2,378,181	$1,353,352,804	+21.3%	26+	before history	19.21%
JNJ	Johnson & Johnson Healthcare	Reduced	2,146,488	-10,896	$545,143,556	+3.4%	26+	before history	7.74%
CVX	Chevron Corp Energy	Added	2,780,991	+32,307	$460,977,067	−18.9%	26+	before history	6.54%
LEN	Lennar Corp Consumer Cyclical	Added	4,743,250	+531,139	$429,216,691	+17.3%	17	unpriced	6.09%
MSFT	Microsoft Corp Technology	Added	1,136,273	+154,627	$423,852,553	+16.6%	26+	before history	6.02%
THO	Thor Industries Inc Consumer Cyclical	Added	5,527,556	+624,432	$415,451,108	+6.1%	15	$89.86	5.90%
FDX	Fedex Corp Industrials	Reduced	1,112,339	-11,345	$348,306,710	−13.0%	17	unpriced	4.94%
GM	General Motors Co Consumer Cyclical	Added	4,447,271	+421,603	$342,795,648	+14.3%	26+	before history	4.87%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	977,345	-1,150	$319,914,338	+11.1%	26+	before history	4.54%
VOD	Vodafone Group Public Ltd Co Communication Services	Reduced	24,019,101	-2,835,851	$317,772,706	−21.2%	26+	before history	4.51%
MGA	Magna International Inc Consumer Cyclical	Reduced	4,809,078	-38,368	$315,764,060	+16.7%	26+	before history	4.48%
ARW	Arrow Electronics, Inc. Technology	Reduced	1,457,881	-2,120,432	$311,126,383	−39.4%	9	$116.07	4.42%
C	Citigroup Inc Financial Services	Reduced	2,075,702	-1,468,853	$290,515,251	−27.7%	26+	before history	4.12%
ELV	Elevance Health, Inc. Healthcare	NEW	737,922	NEW	$285,376,574	NEW	1	$370.86	4.05%
LBTYA	Liberty Global Ltd. Communication Services	Reduced	23,595,165	-49,652	$268,277,025	−6.2%	11	unpriced	3.81%
DG	Dollar General Corp Consumer Defensive	Added	1,727,299	+604,734	$198,829,387	+49.2%	8	$91.15	2.82%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	243,736	+19,075	$121,963,057	+13.3%	26+	before history	1.73%
LBTYK	Liberty Global Ltd. Communication Services	Added	8,841,834	+1,957,210	$97,260,174	+20.4%	11	unpriced	1.38%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	85	0	$63,652,250	+4.3%	7	$692,527.00	0.90%
DELL	Dell Technologies Inc. Technology	Reduced	58,798	-58,088	$25,368,984	+32.2%	26+	before history	0.36%
SGOV	iShares 0-3 Month Treasury Bond ETF	Reduced	216,767	-44,600	$21,821,933	−17.1%	4	unpriced	0.31%
PPLI	People Inc Communication Services	Reduced	291,826	-158,962	$13,470,688	−25.3%	21	unpriced	0.19%
BCS	Barclays PLC Financial Services	Held	454,000	0	$12,194,440	+26.9%	26+	before history	0.17%
CRK	Comstock Resources Inc Energy	NEW	546,413	NEW	$8,152,481	NEW	1	$15.29	0.12%
SMBC	Southern Missouri Bancorp, Inc. Financial Services	Reduced	91,020	-3,687	$6,936,633	+14.5%	22	$48.65	0.10%
FPH	Five Point Holdings, LLC Real Estate	Added	1,288,800	+59,545	$6,791,975	+14.2%	23	$5.12	0.10%
ECHO	EchoStar CORP Communication Services	Added	66,050	+53,550	$6,704,074	+358.1%	2	$120.82	0.10%
JEF	Jefferies Financial Group Inc. Financial Services	Added	129,527	+4,757	$6,473,759	+25.7%	26+	before history	0.09%
MRK	Merck & Co., Inc. Healthcare	Added	41,146	+1,697	$5,287,261	+11.4%	18	$97.00	0.08%
ZD	Ziff Davis, Inc. Communication Services	Added	86,526	+13,846	$4,531,365	+48.6%	2	$38.13	0.06%
MGM	MGM Resorts International Consumer Cyclical	Added	92,792	+2,356	$4,436,385	+32.5%	10	$39.41	0.06%
LEN-B	Lennar Corp Consumer Cyclical	Added	40,626	+6,671	$3,603,932	+26.2%	26+	before history	0.05%
APG	APi Group Corp Industrials	Reduced	66,358	-96	$2,810,260	+4.4%	6	unpriced	0.04%
LILAK	Liberty Latin America Ltd. Communication Services	Reduced	354,642	-61,575	$2,762,661	−24.7%	26+	before history	0.04%
TLN	Talen Energy Corp Utilities	NEW	6,500	NEW	$2,497,690	NEW	1	$366.67	0.04%
RPV	Invesco S&P 500 Pure Value ETF	NEW	4,173	NEW	$474,970	NEW	1	$111.62	0.01%
FDXF	FedEx Freight Holding Company, Inc. Industrials	NEW	1,533	NEW	$231,483	NEW	1	$163.79	0.00%
NFE	New Fortress Energy Inc. Energy	Held	120,000	0	$43,560	−38.5%	4	$2.85	0.00%

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.