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Alpine Fox Capital LLC — 13F Portfolio Breakdown & Top Holdings (Q2 2026)
Alpine Fox Capital LLCCIK: 0002096493
Sector-focusedMomentum followerConcentrated strategy
Total reported value
$211.2M
Reporting period: 2026-06-30 · Number of holdings: 24
Alpine Fox Capital LLC disclosed 24 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $211.2M and a quarterly turnover rate of 44.7%.
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Personality snowflake
- Concentration
- 91.99
- Portfolio Stability
- 44.65
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 38
- Sizing Uniformity
- 81.14
Alpine Fox Capital LLC's disclosed holdings carry a Herfindahl concentration index of 0.230 — mathematically equivalent to about 4 equally-sized positions, well below its 24 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 1.89), 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 3.0 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 56% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim IBIT
-4.5% -$7.8M
Add CIFR
-11.7% $33.9M
Add OPEN
+183.5% $14.1M
Add BKKT
+2162.5% $6.8M
Trim ETHA
+0.5% -$2.2M
Trim ASST
-7.6% $35.1K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 19 holdings (of 24 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CIFR | Cipher Digital Inc | Stock-Tech | 39.57% | +7.29% | -11.65% | |
| 2 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 17.65% | -11.60% | -4.45% | |
| 3 | IREN | IREN Limited | Stock-Other | 16.25% | -0.46% | — | |
| 4 | OPEN | Opendoor Technologies Inc | Stock-Real Estate | 10.36% | +5.28% | +183.50% | |
| 5 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 4.56% | +0.62% | +21.82% | |
| 6 | BKKT | Bakkt Inc | Stock-Other | 3.35% | +3.16% | +2162.50% | |
| 7 | ETHA | Ishares Ethereum Trust ETF | ETF-Other | 3.15% | -2.58% | +0.54% | |
| 8 | ASST | Strive Inc-a | Stock-Other | 2.89% | -1.05% | -7.63% | |
| 9 | BMNR | Bitmine Immersion Technologi | Stock-Financials | 0.63% | -0.55% | +8.70% | |
| 10 | SLNH | Soluna Holdings Inc | Stock-Other | 0.48% | +0.48% | NEW | |
| 11 | BBBY | Bed Bath & Beyond Inc | Stock-Other | 0.27% | +0.27% | NEW | |
| 12 | WYNN | Wynn Resorts LTD | Stock-Consumer Disc | 0.23% | +0.23% | NEW | |
| 13 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 0.15% | -0.35% | -50.00% | |
| 14 | CELH | Celsius Holdings Inc | Stock-Consumer Staples | 0.14% | +0.14% | NEW | |
| 15 | CP | Canadian Pacific Kansas City | Stock-Industrials | 0.08% | -0.18% | -60.00% | |
| 16 | STZ | Constellation Brands Inc-a | Stock-Consumer Staples | 0.07% | -0.22% | -66.67% | |
| 17 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.06% | -0.44% | -80.00% | |
| 18 | TGT | Target CORP | Stock-Consumer Disc | 0.06% | -0.10% | -50.00% | |
| 19 | ENHA | Enhanced Group Inc | Stock-Other | 0.05% | +0.05% | NEW |
Portfolio Performance
Performance for Q3 2026
-21.6%
Performance Last 4 Quarters
+2.7%
- Stdev
- +58.5%
- Beta
- +2.86
- Alpha
- -51.8%
- Max Drawdown
- -21.6%
- Annualized Perf
- +5.5%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +0.67
- Stutzer
- +0.1
- Treynor
- +0.07
- Sterling
- —
- Calmar
- +0.25
- Information Ratio
- -0.14
- Tracking Error
- +42.2%
- Stdev Down
- +27.6%
- Winning Months %
- +33.3%
- Losing Months %
- +66.7%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.03
- Sharpe
- +0.32
- Stdev Sectors
- +23.9%
- Skewness
- +0.61
- Kurtosis
- -1.47
- Upside Potential
- +3.32
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Alpine Fox Capital LLC's most significant position changes for 2026-06-30: New buy: Soluna Holdings Inc (SLNH); New buy: Bed Bath & Beyond Inc (BBBY); New buy: Wynn Resorts LTD (WYNN); New buy: Celsius Holdings Inc (CELH); New buy: Enhanced Group Inc (ENHA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CIFR | Cipher Digital Inc | +7.3% | -11.65% | Trim |
| 2 | OPEN | Opendoor Technologies Inc | +5.3% | +183.50% | Add |
| 3 | BKKT | Bakkt Inc | +3.2% | +2162.50% | Add |
| 4 | NVO | Novo-nordisk A/s-spons Adr | +0.6% | +21.82% | Add |
| 5 | SLNH | Soluna Holdings Inc | +0.5% | NEW | New buy |
| 6 | BBBY | Bed Bath & Beyond Inc | +0.3% | NEW | New buy |
| 7 | WYNN | Wynn Resorts LTD | +0.2% | NEW | New buy |
| 8 | CELH | Celsius Holdings Inc | +0.1% | NEW | New buy |
| 9 | ENHA | Enhanced Group Inc | +0.1% | NEW | New buy |
| 10 | TGT | Target CORP | -0.1% | -50.00% | Trim |
| 11 | CP | Canadian Pacific Kansas City | -0.2% | -60.00% | Trim |
| 12 | STZ | Constellation Brands Inc-a | -0.2% | -66.67% | Trim |
| 13 | REGN | Regeneron Pharmaceuticals | -0.4% | -50.00% | Trim |
| 14 | PEP | Pepsico Inc | -0.4% | -80.00% | Trim |
| 15 | IREN | IREN Limited | -0.5% | — | Unchanged |
| 16 | BMNR | Bitmine Immersion Technologi | -0.6% | +8.70% | Add |
| 17 | ASST | Strive Inc-a | -1.1% | -7.63% | Trim |
| 18 | ETHA | Ishares Ethereum Trust ETF | -2.6% | +0.54% | Add |
| 19 | IBIT | Ishares Bitcoin Trust ETF | -11.6% | -4.45% | Trim |
Filing History
FAQ
What is Alpine Fox Capital LLC and what type of investor is it?
Alpine Fox Capital 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 $211.2M, spread across 24 disclosed positions.
What are Alpine Fox Capital LLC's largest equity positions?
Based on the latest 13F filing, Alpine Fox Capital LLC's top holdings by market value are:
1. Cipher Digital Inc (CIFR) — $83.6M (39.6%)
2. Ishares Bitcoin Trust ETF (IBIT) — $37.3M (17.6%)
3. IREN Limited (IREN) — $34.3M (16.3%)
4. Opendoor Technologies Inc (OPEN) — $21.9M (10.4%)
5. Novo-nordisk A/s-spons Adr (NVO) — $9.6M (4.6%)
What changes did Alpine Fox Capital LLC make in its most recent portfolio filing?
In the latest reported quarter, Alpine Fox Capital LLC made 18 notable position adjustments: 5 new positions were initiated, 5 existing holdings were added to, 8 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Soluna Holdings Inc (SLNH); New buy: Bed Bath & Beyond Inc (BBBY); New buy: Wynn Resorts LTD (WYNN); New buy: Celsius Holdings Inc (CELH); New buy: Enhanced Group Inc (ENHA)
What sectors does Alpine Fox Capital LLC focus on?
Alpine Fox Capital LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 70.8%
• Real Estate: 18.5%
• Health Care: 8.4%
• Financials: 1.1%
• Consumer Discretionary: 0.5%
• Consumer Staples: 0.5%
Investment Profile
Alpine Fox Capital LLC returned an annualized 5.5% over the trailing 6 months — underperforming the S&P 500 by 51.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 2.86 (more volatile than the market) and a 33% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 70.8% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 45 over the past 3 quarters — a shift toward more active trading.
It has added to its OPEN position over the past two quarters (+$21.7M, now $21.9M), while trimming STZ over the same stretch (-$13.7M, still holding $139.1K).
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RF
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RC
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Developer Access
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