ACR Alpine Capital Research, LLC

CIK

1508822

Location

ST. LOUIS, MO

Portfolio Value

Mid $5,330,697,777

Diversification

Diversified

Filing Date

Global Rank

#637 / 8,603 ▲ 19 · as of Mar 2026

Top Industry

Banks - Diversified 13.1%

3Y Alpha vs SPY

-0.6%

Period ended 3 months ago

Filed Apr 30, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

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

Cloned portfolio

+74.9%

SPY

+76.0%

Annualised alpha

-0.2%

Max drawdown

−17.0%

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

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

Top Position

10.7%

+1.9 pts

Top 5

45.3%

+5.3 pts

Top 10

78.0%

+4.2 pts

HHI

729

Diversified+43

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	25.0%	$1,331,285,556	5
Technology	16.8%	$895,726,265	3
Financial Services	15.4%	$822,379,145	7
Communication Services	13.4%	$711,785,284	5
Energy	10.7%	$569,154,818	3
Healthcare	10.0%	$532,096,263	2
Industrials	6.1%	$325,201,821	2
Consumer Defensive	2.5%	$133,282,142	1
Real Estate	0.2%	$9,786,483	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
LBTYA	Liberty Global Ltd.	+2,097,847	23,644,817	$285,865,837
LEN	Lennar Corp /New/	+997,039	4,212,111	$365,779,719
VOD	Vodafone Group Public Ltd Co	+784,305	26,854,952	$403,361,378
THO	Thor Industries Inc	+769,342	4,903,124	$391,710,576
MSFT	Microsoft Corp	+286,267	981,646	$363,375,899
ARW	Arrow Electronics, Inc.	+132,720	3,578,313	$513,165,867
FPH	Five Point Holdings, LLC	+114,498	1,229,255	$5,949,593
CVX	Chevron Corp	+38,487	2,748,684	$568,702,718
JEF	Jefferies Financial Group Inc.	+29,012	124,770	$5,149,257
MGM	MGM Resorts International	+24,930	90,436	$3,347,035
PPLI	People Inc	+19,801	450,788	$18,045,042
DELL	Dell Technologies Inc.	+10,064	116,886	$19,184,499
APG	APi Group Corp	+4,894	66,454	$2,692,716
SMBC	Southern Missouri Bancorp, Inc.	+3,675	94,707	$6,055,565
MRK	Merck & Co., Inc.	+2,553	39,449	$4,745,319
JPM	Jpmorgan Chase & Co	+1,307	978,495	$287,834,088
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
DG	Dollar General Corp	−1,503,046	1,122,565	$133,282,142
MGA	Magna International Inc	−1,158,822	4,847,446	$270,535,960
GM	General Motors Co	−659,356	4,025,668	$299,912,266
FDX	Fedex Corp	−616,950	1,123,684	$322,509,105
KW	Kennedy-Wilson Holdings, Inc.	−113,865	354,611	$3,836,890
JNJ	Johnson & Johnson	−79,664	2,157,384	$527,350,944
C	Citigroup Inc	−45,141	3,544,555	$401,987,982
BRK-B	Berkshire Hathaway Inc	−327	224,661	$107,657,551
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
DHIL	DIAMOND HILL INVESTMENT GROUP INC	23,754	$4,088,062
ZD	Ziff Davis, Inc.	72,680	$3,049,652
ECHO	EchoStar CORP	12,500	$1,463,375
NINE	Nine Energy Service, Inc.	46,500	$381,300
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

30 positions · $5,330,697,777 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CVX	Chevron Corp Energy	Added	2,748,684	+38,487	$568,702,718	+37.7%	10.67%
JNJ	Johnson & Johnson Healthcare	Reduced	2,157,384	-79,664	$527,350,944	+13.9%	9.89%
ARW	Arrow Electronics, Inc. Technology	Reduced	3,578,313	-3,318,886	$513,165,867	−32.5%	9.63%
VOD	Vodafone Group Public Ltd Co Communication Services	Added	26,854,952	+784,305	$403,361,378	+17.1%	7.57%
C	Citigroup Inc Financial Services	Reduced	3,544,555	-45,141	$401,987,982	−4.0%	7.54%
THO	Thor Industries Inc Consumer Cyclical	Added	4,903,124	+769,342	$391,710,576	−7.7%	7.35%
LEN	Lennar Corp /New/ Consumer Cyclical	Added	4,212,111	+997,039	$365,779,719	+10.7%	6.86%
MSFT	Microsoft Corp Technology	Added	981,646	+286,267	$363,375,899	+8.1%	6.82%
FDX	Fedex Corp Industrials	Reduced	1,123,684	-616,950	$322,509,105	−20.4%	6.05%
GM	General Motors Co Consumer Cyclical	Reduced	4,025,668	-659,356	$299,912,266	−21.3%	5.63%
JPM	Jpmorgan Chase & Co Financial Services	Added	978,495	+1,307	$287,834,088	−8.6%	5.40%
LBTYA	Liberty Global Ltd. Communication Services	Added	23,644,817	+2,097,847	$285,865,837	+19.1%	5.36%
MGA	Magna International Inc Consumer Cyclical	Reduced	4,847,446	-1,158,822	$270,535,960	−15.5%	5.08%
DG	Dollar General Corp Consumer Defensive	Reduced	1,122,565	-1,503,046	$133,282,142	−61.8%	2.50%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	224,661	-327	$107,657,551	−4.8%	2.02%
DELL	Dell Technologies Inc. Technology	Added	116,886	+10,064	$19,184,499	+42.7%	0.36%
PPLI	People Inc Communication Services	Added	450,788	+19,801	$18,045,042	+7.1%	0.34%
BCS	Barclays PLC Financial Services	Held	454,000	0	$9,606,640	−16.9%	0.18%
SMBC	Southern Missouri Bancorp, Inc. Financial Services	Added	94,707	+3,675	$6,055,565	+12.5%	0.11%
FPH	Five Point Holdings, LLC Real Estate	Added	1,229,255	+114,498	$5,949,593	−4.5%	0.11%
JEF	Jefferies Financial Group Inc. Financial Services	Added	124,770	+29,012	$5,149,257	−13.2%	0.10%
MRK	Merck & Co., Inc. Healthcare	Added	39,449	+2,553	$4,745,319	+22.2%	0.09%
DHIL	DIAMOND HILL INVESTMENT GROUP INC Financial Services	NEW	23,754	NEW	$4,088,062	NEW	0.08%
KW	Kennedy-Wilson Holdings, Inc. Real Estate	Reduced	354,611	-113,865	$3,836,890	−15.3%	0.07%
MGM	MGM Resorts International Consumer Cyclical	Added	90,436	+24,930	$3,347,035	+40.0%	0.06%
ZD	Ziff Davis, Inc. Communication Services	NEW	72,680	NEW	$3,049,652	NEW	0.06%
APG	APi Group Corp Industrials	Added	66,454	+4,894	$2,692,716	+14.3%	0.05%
ECHO	EchoStar CORP Communication Services	NEW	12,500	NEW	$1,463,375	NEW	0.03%
NINE	Nine Energy Service, Inc. Energy	NEW	46,500	NEW	$381,300	NEW	0.01%
NFE	New Fortress Energy Inc. Energy	Held	120,000	0	$70,800	−48.2%	0.00%