ACR Alpine Capital Research portfolio
Concentrated managerInvestment firmPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Nov 2, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
ACR Alpine Capital Research reported a $7.4 bn portfolio of 37 companies (40 positions, counting each share class separately) to the SEC as of the end of Q3 2026. Its largest positions are GBIL, MSFT, CVX.
Sections with a free account
What it reported after the quarter end (Q3 2026)
The 13F shows the portfolio as of Sep 30, 2026. Since then ACR Alpine Capital Research has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
What changed this quarter
29 positions with a change (3 new, 20 added to, 5 trimmed, 1 sold). 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- FedEx−23%fewer sharesReduced4.9% → 3.3%
- Elevance Health+25%more sharesIncreased4.1% → 4.9%
- Lennar+0.7 ppof portfolioIncreased6.1% → 6.0%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Goldman Sachs Access Treasur ETFGBIL18.6%
- MicrosoftMSFT7.9%
- ChevronCVX7.7%
- Johnson & JohnsonJNJ7.7%
- LennarLEN · LEN/B6.0%
- THOR IndustriesTHO5.4%
- Vodafone Group PublicVOD5.3%
- General MotorsGM4.9%
- Elevance HealthELV4.9%
- Arrow ElectronicsARW4.5%
- JPMorgan ChaseJPM4.4%
- Magna InternationalMGA4.1%
- Liberty GlobalLBTYA · LBTYK4.0%
- CitigroupC3.7%
- FedExFDX3.3%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Consumer Discretionary 21%
- ● No sector 19%
- ● Information Technology 13%
- ● Health Care 13%
- ● Financials 11%
- ● Communication Services 10%
- ● Energy 8%
- ● Industrials 3%
- ● Consumer Staples 3%
How its portfolio changed (8 quarters)
Q3 2026: 40
Q3 2026: 73%
Q3 2026: 2.3%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Jun 24, 2026 (medium confidence).
The data, as reported: ACR ALPINE CAPITAL RESEARCH, LLC (CRD 110933): Mixed client base, discretionary; 5.D assets by client type: pooled vehicles 25%, other 24%, individuals 23%, high net worth 21% (of $10.8 bn); 5.F 7168 accounts, 24% non-discretionary; 5.D 7171 clients, 6960 individuals
The type comes from a rule applied to that data. If it looks wrong, tell us.
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