AA
ACR Alpine Capital Research, LLC 13F Holdings (70 Positions, Q2 2026)
ACR Alpine Capital Research, LLCCIK: 0001508822
Momentum followerDiversified strategyQuality / disciplined sizing
Total reported value
$7.0B
Reporting period: 2026-06-30 · Number of holdings: 70
ACR Alpine Capital Research, LLC disclosed 70 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $7.0B and a quarterly turnover rate of 22.3%.
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Personality snowflake
- Concentration
- 30.83
- Portfolio Stability
- 22.34
- Momentum
- 100
- Sector conviction
- 51.47
- Diversification
- 76
- Sizing Uniformity
- 85.93
ACR Alpine Capital Research, LLC's disclosed holdings carry a Herfindahl concentration index of 0.077 — mathematically equivalent to about 13 equally-sized positions, well below its 70 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.41), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy ELV
Trim ARW
-59.3% -$202.0M
Add GBIL
+21.4% $237.9M
Trim CVX
+1.2% -$107.7M
Trim C
-41.4% -$111.5M
Trim VOD
-10.6% -$85.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 38 holdings (of 70 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GBIL | Goldman Sachs Access Treasur | ETF-Commodities | 19.21% | +2.56% | +21.36% | |
| 2 | JNJ | Johnson & Johnson | Stock-Healthcare | 7.74% | -0.13% | -0.51% | |
| 3 | CVX | Chevron CORP | Stock-Energy | 6.54% | -1.95% | +1.18% | |
| 4 | LEN | Lennar Corp-a | Stock-Consumer Disc | 6.09% | +0.63% | +12.61% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 6.02% | +0.60% | +15.75% | |
| 6 | THO | Thor Industries Inc | Stock-Consumer Disc | 5.90% | +0.05% | +12.74% | |
| 7 | FDX | Fedex CORP | Stock-Industrials | 4.94% | -1.04% | -1.01% | |
| 8 | GM | General Motors Co | Stock-Consumer Disc | 4.87% | +0.39% | +10.47% | |
| 9 | JPM | Jpmorgan Chase & Co | Stock-Financials | 4.54% | +0.24% | -0.12% | |
| 10 | VOD | Vodafone Group Plc-sp Adr | Stock-Comm Services | 4.51% | -1.51% | -10.56% | |
| 11 | MGA | Magna International Inc | Stock-Consumer Disc | 4.48% | +0.44% | -0.79% | |
| 12 | ARW | Arrow Electronics Inc | Stock-Tech | 4.42% | -3.24% | -59.26% | |
| 13 | C | Citigroup Inc | Stock-Financials | 4.12% | -1.88% | -41.44% | |
| 14 | ELV | Elevance Health Inc | Stock-Healthcare | 4.05% | +4.05% | NEW | |
| 15 | LBTYA | Liberty Global Ltd. | Stock-Other | 3.81% | -0.46% | -0.21% | |
| 16 | DG | Dollar General CORP | Stock-Consumer Staples | 2.82% | +0.83% | +53.87% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.73% | +0.12% | +8.49% | |
| 18 | LBTYA | Liberty Global Ltd. | Stock-Other | 1.38% | +0.17% | +28.43% | |
| 19 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.90% | -0.01% | — | |
| 20 | DELL | Dell Technologies -c | Stock-Tech | 0.36% | +0.07% | -49.70% | |
| 21 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 0.31% | -0.08% | -17.06% | |
| 22 | PPLI | People Inc | Stock-Comm Services | 0.19% | -0.08% | -35.26% | |
| 23 | BCS | Barclays Plc-spons Adr | Stock-Financials | 0.17% | +0.03% | — | |
| 24 | CRK | Comstock Resources Inc | Stock-Other | 0.12% | +0.12% | NEW | |
| 25 | SMBC | Southern Missouri Bancorp | Stock-Other | 0.10% | +0.01% | -3.89% | |
| 26 | FPH | Five Point Holdings Llc-cl A | Stock-Other | 0.10% | +0.01% | +4.84% | |
| 27 | ECHO | Echostar Corp-a | Stock-Comm Services | 0.10% | +0.08% | +428.40% | |
| 28 | JEF | Jefferies Financial Group In | Stock-Financials | 0.09% | +0.01% | +3.81% | |
| 29 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.08% | +0.01% | +4.30% | |
| 30 | ZD | Ziff Davis Inc | Stock-Other | 0.06% | +0.01% | +19.05% | |
| 31 | MGM | Mgm Resorts International | Stock-Consumer Disc | 0.06% | +0.01% | +2.61% | |
| 32 | LEN-B | Lennar CORP - B Shs | Stock-Other | 0.05% | +0.01% | +19.65% | |
| 33 | APG | Api Group CORP | Stock-Industrials | 0.04% | — | -0.14% | |
| 34 | LILA | Liberty Latin America Ltd. | Stock-Other | 0.04% | -0.01% | -14.79% | |
| 35 | TLN | Talen Energy CORP | Stock-Utilities | 0.04% | +0.04% | NEW | |
| 36 | RPV | Invesco S&p 500 Pure Value E | ETF-Large Cap & Growth | 0.01% | +0.01% | NEW | |
| 37 | ✓ | Stock-Other | — | — | NEW | ||
| 38 | NFE | New Fortress Energy Inc | Stock-Other | — | — | — |
Portfolio Performance
Performance for Q3 2026
+4%
Performance Last 4 Quarters
+24.3%
- Stdev
- +13.9%
- Beta
- +0.81
- Alpha
- +4.1%
- Max Drawdown
- -9.1%
- Annualized Perf
- +21.1%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.81
- Stutzer
- +0.42
- Treynor
- +0.25
- Sterling
- +1.25
- Calmar
- +2.33
- Information Ratio
- +0.02
- Tracking Error
- +9.4%
- Stdev Down
- +7.2%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +44%
- Worst 12 Months
- +1%
- Efficiency Ratio
- +0.6
- Sharpe
- +1.46
- Stdev Sectors
- +8.2%
- Skewness
- -0.25
- Kurtosis
- -0.51
- Upside Potential
- +4.4
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 70 | $7.0B | 22 | ||
| 2026 Q1 | 67 | $6.7B | 22 | ||
| 2025 Q4 | 64 | $6.4B | 17 | ||
| 2025 Q3 | 64 | $5.9B | 20 | ||
| 2025 Q2 | 66 | $5.6B | 0 | ||
| 2025 Q1 | 72 | $4.8B | 100 | ||
| 2024 Q4 | 66 | $4.6B | 0 | ||
| 2024 Q3 | 67 | $3.4B | 0 | ||
| 2024 Q2 | 63 | $3.2B | 0 | ||
| 2024 Q1 | 64 | $3.3B | 0 | ||
| 2023 Q4 | 63 | $3.0B | 0 | ||
| 2023 Q3 | 64 | $2.6B | 0 | ||
| 2023 Q2 | 63 | $2.7B | 0 | ||
| 2023 Q1 | 63 | $2.5B | 0 | ||
| 2022 Q4 | 65 | $2.2B | 0 | ||
| 2022 Q3 | 65 | $2.0B | 0 | ||
| 2022 Q2 | 64 | $2.2B | 0 | ||
| 2022 Q1 | 59 | $2.0B | 0 | ||
| 2021 Q4 | 54 | $1.9B | 0 | ||
| 2021 Q3 | 53 | $1.8B | 0 | ||
| 2021 Q2 | 52 | $1.8B | 100 | ||
| 2021 Q1 | 55 | $1.9B | 30 | ||
| 2020 Q4 | 55 | $1.7B | 22 | ||
| 2020 Q3 | 53 | $1.4B | 14 | ||
| 2020 Q2 | 55 | $1.5B | 21 | ||
| 2020 Q1 | 56 | $1.5B | 71 | ||
| 2019 Q4 | 47 | $1.9B | 9 | ||
| 2019 Q3 | 49 | $2.0B | 14 | ||
| 2019 Q2 | 47 | $1.9B | 7 | ||
| 2019 Q1 | 62 | $51.4B | 0 | ||
| 2018 Q4 | 50 | $2.0B | 27 | ||
| 2018 Q3 | 48 | $1.9B | 25 | ||
| 2018 Q2 | 49 | $1.9B | 9 | ||
| 2018 Q1 | 49 | $1.8B | 11 | ||
| 2017 Q4 | 48 | $1.9B | 36 | ||
| 2017 Q3 | 30 | $1.9B | 48 | ||
| 2017 Q2 | 27 | $1.2B | 21 | ||
| 2017 Q1 | 26 | $1.2B | 23 | ||
| 2016 Q4 | 27 | $1.2B | 26 | ||
| 2016 Q3 | 28 | $1.4B | 25 | ||
| 2016 Q2 | 28 | $1.3B | 16 | ||
| 2016 Q1 | 26 | $1.3B | 39 | ||
| 2015 Q4 | 24 | $999.2M | 13 | ||
| 2015 Q3 | 24 | $912.6M | 35 | ||
| 2015 Q2 | 22 | $800.9M | 18 | ||
| 2015 Q1 | 21 | $823.0M | 15 | ||
| 2014 Q4 | 20 | $761.0M | 13 | ||
| 2014 Q3 | 23 | $670.0M | 21 | ||
| 2014 Q2 | 26 | $653.6M | 16 | ||
| 2014 Q1 | 27 | $600.5M | 19 | ||
| 2013 Q4 | 20 | $495.7M | 33 | ||
| 2013 Q3 | 20 | $429.8M | 24 | ||
| 2013 Q2 | 22 | $439.8M | 0 |
Holding changes this quarter
ACR Alpine Capital Research, LLC's most significant position changes for 2026-06-30: New buy: Elevance Health Inc (ELV); New buy: Comstock Resources Inc (CRK); Sold out: Diamond Hill Investment Grp (BVE); Sold out: ; New buy: Talen Energy CORP (TLN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ELV | Elevance Health Inc | +4.1% | NEW | New buy |
| 2 | GBIL | Goldman Sachs Access Treasur | +2.6% | +21.36% | Add |
| 3 | DG | Dollar General CORP | +0.8% | +53.87% | Add |
| 4 | LEN | Lennar Corp-a | +0.6% | +12.61% | Add |
| 5 | MSFT | Microsoft CORP | +0.6% | +15.75% | Add |
| 6 | MGA | Magna International Inc | +0.4% | -0.79% | Trim |
| 7 | GM | General Motors Co | +0.4% | +10.47% | Add |
| 8 | JPM | Jpmorgan Chase & Co | +0.2% | -0.12% | Trim |
| 9 | LBTYA | Liberty Global Ltd. | +0.2% | +28.43% | Add |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +8.49% | Add |
| 11 | CRK | Comstock Resources Inc | +0.1% | NEW | New buy |
| 12 | ECHO | Echostar Corp-a | +0.1% | +428.40% | Add |
| 13 | DELL | Dell Technologies -c | +0.1% | -49.70% | Trim |
| 14 | THO | Thor Industries Inc | +0.1% | +12.74% | Add |
| 15 | TLN | Talen Energy CORP | 0% | NEW | New buy |
| 16 | BCS | Barclays Plc-spons Adr | 0% | — | Unchanged |
| 17 | ZD | Ziff Davis Inc | 0% | +19.05% | Add |
| 18 | JEF | Jefferies Financial Group In | 0% | +3.81% | Add |
| 19 | MGM | Mgm Resorts International | 0% | +2.61% | Add |
| 20 | SMBC | Southern Missouri Bancorp | 0% | -3.89% | Trim |
| 21 | FPH | Five Point Holdings Llc-cl A | 0% | +4.84% | Add |
| 22 | LEN-B | Lennar CORP - B Shs | 0% | +19.65% | Add |
| 23 | MRK | Merck & Co. Inc. | 0% | +4.30% | Add |
| 24 | RPV | Invesco S&p 500 Pure Value E | 0% | NEW | New buy |
| 25 | NINE | Nine Energy Service Inc | — | EXIT | Sold out |
| 26 | ✓ | — | NEW | New buy | |
| 27 | APG | Api Group CORP | — | -0.14% | Trim |
| 28 | NFE | New Fortress Energy Inc | — | — | Unchanged |
| 29 | BRK-A | Berkshire Hathaway Inc-cl A | 0% | — | Unchanged |
| 30 | LILA | Liberty Latin America Ltd. | 0% | -14.79% | Trim |
| 31 | BVE | Diamond Hill Investment Grp | -0.1% | EXIT | Sold out |
| 32 | ✓ | -0.1% | EXIT | Sold out | |
| 33 | PPLI | People Inc | -0.1% | -35.26% | Trim |
| 34 | SGOV | Ishares 0-3 Month Treasury B | -0.1% | -17.06% | Trim |
| 35 | JNJ | Johnson & Johnson | -0.1% | -0.51% | Trim |
| 36 | LBTYA | Liberty Global Ltd. | -0.5% | -0.21% | Trim |
| 37 | FDX | Fedex CORP | -1% | -1.01% | Trim |
| 38 | VOD | Vodafone Group Plc-sp Adr | -1.5% | -10.56% | Trim |
| 39 | C | Citigroup Inc | -1.9% | -41.44% | Trim |
| 40 | CVX | Chevron CORP | -2% | +1.18% | Add |
| 41 | ARW | Arrow Electronics Inc | -3.2% | -59.26% | Trim |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is ACR Alpine Capital Research, LLC and what type of investor is it?
ACR Alpine Capital Research, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $7.0B, spread across 70 disclosed positions.
What are ACR Alpine Capital Research, LLC's largest equity positions?
Based on the latest 13F filing, ACR Alpine Capital Research, LLC's top holdings by market value are:
1. Goldman Sachs Access Treasur (GBIL) — $1.4B (19.2%)
2. Johnson & Johnson (JNJ) — $545.1M (7.7%)
3. Chevron CORP (CVX) — $461.0M (6.5%)
4. Lennar Corp-a (LEN) — $429.2M (6.1%)
5. Microsoft CORP (MSFT) — $423.9M (6.0%)
What changes did ACR Alpine Capital Research, LLC make in its most recent portfolio filing?
In the latest reported quarter, ACR Alpine Capital Research, LLC made 38 notable position adjustments: 5 new positions were initiated, 16 existing holdings were added to, 14 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Elevance Health Inc (ELV); New buy: Comstock Resources Inc (CRK); Sold out: Diamond Hill Investment Grp (BVE); Sold out: ; New buy: Talen Energy CORP (TLN)
What sectors does ACR Alpine Capital Research, LLC focus on?
ACR Alpine Capital Research, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 29.6%
• Health Care: 16.4%
• Information Technology: 15.0%
• Financials: 12.4%
• Energy: 9.1%
• Industrials: 6.9%
Investment Profile
ACR Alpine Capital Research, LLC returned an annualized 21.1% over the trailing 36 months — outperforming the S&P 500 by 4.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.81 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 22 over the past 4 quarters — a shift toward more active trading.
It has added to its GBIL position over the past two quarters (+$542.3M, now $1.4B), while trimming FDX over the same stretch (-$154.5M, still holding $348.3M).
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Developer Access
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REST API
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